Germany Aerospace and Defense Market Insights Forecasts to 2033

• The Germany Aerospace and Defense Market Size was valued at USD 9.55 Billion in 2023.
• The Market Size is growing at a CAGR of 4.07% from 2023 to 2033
• The German Aerospace and Defense Market Size is Expected to Reach USD 14.23 Billion by 2033

The Germany Aerospace and Defense Market is Anticipated to Exceed USD 14.23 Billion by 2033, growing at a CAGR of 4.07% from 2023 to 2033.

Market Overview

The industry that develops, produces, and markets goods, services, and equipment for air travel and defense is known as the aerospace and defense sector. Applying science and engineering to the development and production of aircraft and weapon systems, including commercial aircraft, military jets, space shuttles, missiles, drones, etc., is known as aerospace and defense. The goal of the A&D sector is to develop innovative technologies that enhance spacecraft and aircraft security and safety for both military and commercial applications. Its other priorities are defense, armaments, and control systems development. One of the most important areas of the world economy is the aerospace and defense sector overall. It impacts both national and international security significantly, spurs innovation, and develops new sectors and jobs. Additionally, Germany's aerospace and defense market is the third largest in Europe, with projected revenues of EUR 39 billion in 2022.

Report Coverage

This research report categorizes the market for the Germany aerospace and defense market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany aerospace and defense market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany aerospace and defense market.

Driving Factors

The sector as a whole is extremely concentrated, with some major companies controlling a significant portion of the market and setting trends and pricing. Priorities for product development are also set by governmental commands, and the government owns or controls a large number of businesses in the A&D industry. For many years, this industry has been expanding gradually due to the rising demand for air travel, government defense spending, new technology developments, and space exploration. Germany understands how crucial it is to have a Federal Armed Forces that are adequately armed to handle security threats. A new fund with 100 billion euros available for extensive investments was recently approved by the Bundestag. This government effort benefits Germany's aerospace and defense industry while simultaneously boosting national security.

Restraining Factors

The main obstacles that A&D enterprises must overcome include complicated supply chains, expensive R&D, complicated regulations, and environmental concerns.

Market Segmentation

The Germany aerospace and defense market share is classified into type and service.

• The aerospace segment is expected to hold the largest market share through the forecast period.   

The Germany aerospace and defense market is segmented by type into aerospace and defense. Among them, the aerospace segment is expected to hold the largest market share through the forecast period. The development of cutting-edge technology, ranging from satellite communication and space exploration endeavors to sophisticated materials and propulsion systems, is referred to as the aerospace segment in the market. Increased passenger demand is one of the elements driving the aerospace segment's growth.

• The manufacturing segment dominates the market with the largest market share over the predicted period.

The Germany aerospace and defense market is segmented by service into manufacturing, design, engineering, maintenance, and repair. Among them, the manufacturing segment dominates the market with the largest market share over the predicted period. The manufacturing section encompasses a broad range of engineering and production activities for goods like weapons systems, airplanes, spacecraft, missiles, and related subsystems.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany aerospace and defense market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Airbus SE
• Altair Engineering Inc
• BAE Systems Plc
• Diehl Stiftung and Co. KG
• Heckler and Koch
• HENSOLDT AG
• KNDS N.V.
• Leonardo S.p.A.
• Liebherr International Deutschland GmbH
• Lockheed Martin Corp.
• MTU Aero Engines AG
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2024, a Memorandum of Understanding (MoU) was signed by Airbus and Avincis, a reputable European helicopter operator, to collaborate on the advancement of Advanced Air Mobility (AAM). Together, the businesses will look into the possibility of using electric vertical take-off and landing (eVTOL) planes across Europe.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Aerospace and Defense Market based on the below-mentioned segments:

Germany Aerospace and Defense Market, By Type

• Aerospace
• Defense

Germany Aerospace and Defense Market, By Service

• Manufacturing
• Design
• Engineering
• Maintenance
• Repair