18 Aug Europe – Aerospace & Defense sector grows
3 key trends fuelling the growth of the aerospace and defense market in Europe – Find out below.
According to Mordor Intelligence, a market research firm, the Europe aerospace and defense (ASD) market is anticipated to register a CAGR of over 2.4% during the forecast period of 2020 to 2025. With a strong economic history in shaping the technological frontiers, Europe is home to some of the largest companies in the global aerospace and defense industry, including BAE Systems, Rolls Royce, Safran, Thales, and Leonardo.
Trends shaping the European ASD market include: (1) Enhanced defense spending, (2) increased investment towards eco-friendly aerospace initiatives & (3) continuous research and development in technological advancements to thrive in the competitive landscape.
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