Aerospace and Defence Industry Global Strategic Business Report

Aerospace and Defense Industry - Global Strategic Business Report

Global Industry Analysts, Date of Publication: May 21, 2018, 907 Pages
US$4,950.00
GIA-MCP1002

This report analyzes the worldwide markets for Aerospace and Defense Industry in US$ Million by the following Segments: Aircraft Products & Services (Airframe, Aircraft Engine, Aircraft Components, Commercial Avionics, Military Avionics, In-flight Entertainment, & MRO), Missiles (Air-to-Air, Air-to-Surface, Air Defense, Surface-to-Surface, Antiship, Antitank, Bombs, Intelligent Munitions, & Others), Aircraft Training & Simulation (CBT & E-Learning, Commercial Flight Simulation, & Military Flight Simulation), C4ISR & Related (Unmanned Aerial Vehicle, Electronic Warfare, Mine Countermeasures, Naval Radar and Sonar, Chemical & Biological Agent Detectors, Infrared Imaging Systems and Components, Military Ground Communications, Land-Based Surveillance Radar, & Others), Space Equipment (Launch Vehicles, Communications Satellites, & Earth Observation Satellites), and GPS (Geotechnologies) (Commercial Satellite Imaging, Commercial Aerial Imaging, GIS Software, Commercial SAR Data, & Commercial SAR Software). The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 326 companies including many key and niche players such as -

AAR CORP.
Airbus Group
Applied Radar, Inc.
Arianespace SA
BAE Systems Plc
Ball Aerospace & Technologies Corporation

Aerospace and Defense Industry - Global Strategic Business Report
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       Segments                                                         I-3
       Definitions                                                      I-4
        Aircraft Products & Services                                    I-4
         Airframe                                                       I-4
         Aircraft Engine                                                I-5
         Aircraft Components                                            I-5
         Commercial Avionics                                            I-5
         Military Avionics                                              I-5
         In-flight Entertainment                                        I-5
         MRO                                                            I-5
        Missiles                                                        I-5
         Air-to-Air Missile                                             I-5
         Air-to-Surface Missile                                         I-5
         Air Defense Missile                                            I-6
         Surface-to-Surface                                             I-6
         Antiship                                                       I-6
         Antitank                                                       I-6
         Bombs (Guided)                                                 I-6
         Intelligent Munitions                                          I-6
         Others                                                         I-6
        Aircraft Training & Simulation                                  I-6
         CBT & E-Learning                                               I-6
         Commercial & Military Flight Simulation                        I-6
        C4ISR & Related                                                 I-7
         Unmanned Aerial Vehicle                                        I-7
         Electronic Warfare                                             I-7
         Mine Countermeasures                                           I-7
         Naval Radar and Sonar                                          I-7
         Chemical & Biological Agent Detectors                          I-7
         Infrared Imaging Systems and Components                        I-7
         Military Ground Communications                                 I-7
         Land-Based Surveillance Radar                                  I-7
         Others                                                         I-7
        Space Equipment                                                 I-8
         Launch Vehicles                                                I-8
         Communications Satellites                                      I-8
         Earth Observation Satellites                                   I-8
        GPS (Geotechnologies)                                           I-8
         Commercial Satellite Imaging                                   I-8
         Commercial Aerial Imaging                                      I-8
         GIS Software                                                   I-8
         Commercial SAR Data                                            I-8
         Commercial SAR Software                                        I-8


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Aerospace & Defense, The World’s Largest & Most Powerful
       Industry, Undergoes Transformation                               II-1
       Adoption of Digital & Advanced Manufacturing Technologies:
        The First Step in Transforming Operations                       II-2
        3D Printing Transforms Aircraft Metal Component Production      II-2
       Material & Engineering Innovations: The Second Step in
        Engineering & Product Transformation                            II-4
        Table 1: In the Age of Composite Intensive Aircraft
        Manufacturing, Smart Material Innovation Ranks Supreme in
        Achieving Engineering & Production Efficiency: Global
        Aerospace Composites Market (in US$ Billion) for the Years
        2018, 2020 and 2022 (includes corresponding Graph/Chart)        II-6
       Growing Pressure to Reduce Design & Manufacturing Costs and
        Lead Times Encourages Supply Chain Transformation               II-6
      Continued Recovery in Global GDP Promises Stronger Growth for
       the A&D Industry                                                 II-7
       Table 2: Definite Signs of Strengthening GDP Recovery from
       the Hitherto Persistent Stagnation Bodes Well for the
       Favorable Growth of the A&D Industry: World Real GDP Growth
       Rates in % by Country/Region for the Years 2014 to 2019
       (includes corresponding Graph/Chart)                             II-8
      Healthy Growth of the Commercial Aviation Sector Bodes Well
       for Commercial Aerospace Products & Services                     II-9
       Table 3: Healthy Gains in Commercial Aviation Lays the
       Foundation for Strong Opportunities in Aircraft & Aircraft
       Parts and Components Production: Global Commercial Airline
       Revenues (in US$ Billion) for the Years 2016, 2018 and 2020
       (includes corresponding Graph/Chart)                             II-10
       Still High Commercial Aircraft Order Backlogs Bodes Well for
        Aircraft Products & Services                                    II-10
        Table 4: Busy OEM Production Lines Expands Market
        Opportunities for Aircraft Components & Services: Global
        Production of Commercial Aircraft (in Units) for the Years
        2018, 2020, 2025, 2028, 2030 and 2034 (includes
        corresponding Graph/Chart)                                      II-11
       In-Flight Entertainment to Beat High Altitude Boredom Grows
        in Prominence & in Commercial Opportunity for Airliners         II-11
        Table 5: Projected Rise in the Number of Connected Aircraft
        Bodes Well for In-Flight Entertainment Services: Global
        Number of Connected Commercial Aircraft (in Units) for the
        Years 2017 & 2022 by Region (includes corresponding
        Graph/Chart)                                                    II-13
       Innovative Aircraft Engines Grow in Commercial Value in Both
        Civilian & Military Sectors                                     II-13
        Environment Friendly, Fuel Efficient Engines Hog the
         Limelight in this Era of Sustainability                        II-13
        No Longer Forced to Strike a Tradeoff Between Thrust & Fuel
         Efficiency: GE Aviation Provides a Solution that Promises
          to Transform Combat Aircraft Performance                      II-15
        Effervescent Engine Design Studies for Silent Aircraft
         Propulsion System Gets Underway                                II-15
         Fuel Economy as a Function of Weight Throws the Spotlight
          on Aircraft Lightweighting                                    II-16
          Advanced Composites Storm into the Spotlight                  II-16
       Encouraging Outlook for Commercial Aircraft MRO Services
        Bodes Well for the A&D Industry                                 II-17
        Table 6: Expanding Global Aircraft Fleet to Inject a Steady
        Stream of Routine Maintenance Revenues for MRO Service
        Providers: Global Aircraft Fleet (in Units) by Geographic
        Region/Country for the Years 2017 and 2035 (includes
        corresponding Graph/Chart)                                      II-19

        Table 7: Aging Aircraft & the Ensuing Need to Ensure
        Airworthiness of Older Airplanes to Spur Opportunities in
        the MRO Services Market: Global Average Aircraft Fleet Age
        (in Years) by Geographic Region/Country for Cumulative
        Period 2018-2023 and 2023-2028 (includes corresponding
        Graph/Chart)                                                    II-19
        Engine Overhaul, a Revenue Spinning Sub-Sector of the MRO
         Service Market                                                 II-19
      Healthy Global Defense Spending Outlook to Spur Growth
       Opportunities for Defense Products and Services                  II-20
       The U.S. & Europe Once Again Emerge to Drive Global Military
        Spending in 2018                                                II-20
        Table 8: Mounting Tensions Between NATO & Russia Pushes Up
        Defense Spending Growth in Europe: Military Spending (in US$
        Million) in NATO Countries for the Years 2015, 2016 & 2017
        (includes corresponding Graph/Chart)                            II-21
       Asia & the Middle East Will Continue to Remain Long-Term
        Driving Forces for Growth in Military Spending                  II-22
        Table 9: Ever-Present Threat to Public Liberty & the
        Resulting Increase in Defense Spending for Peace as well as
        War to Indirectly Spur Growth in Demand for Military &
        Defense Products: Global Military Spending (in US$ Billion)
        for the Years 2014 through 2018 (includes corresponding
        Graph/Chart)                                                    II-22
        Defense Spending Growth Shifts from Developed to Emerging
         Countries                                                      II-23
         Table 10: Declining Share of Military Spending as % of GDP
         in Developed Markets Highlights Decelerating YoY Spending
         Growth: Comparison of Military Spending as % of GDP in
         Developed Countries Vs Developing Countries for the Years
         2000, 2010, 2015 and 2017 (includes corresponding
         Graph/Chart)                                                   II-23
       Growing Security Threats & International Border Tensions
        Provide the Foundation for Future Growth in the Defense
         Sector of the A&D Industry                                     II-24
      A Quick Review of Noteworthy Trends in the Civil & Military
       Aerospace Sector                                                 II-24
       Electronic Warfare Systems in Airborne Platforms Grow in
        Prominence for their Ability to Help Maintain Military
         Dominance                                                      II-24
        Artificial Intelligence Enabled Advanced Electronic Warfare
         (EW) Systems Help Airborne Platforms to Counter Threats
          from Adaptive Radars                                          II-25
       Innovations in Drone Technology Set to Revolutionize Defense
        Operations: Armed UAVs, Adaptable UAVs, Swarm Micro Drones
         and Intelligent Drones to Shape Future of Warfare              II-27
        Focus on Greater Degree of Autonomy to Control Rising Cost
         of Military Manpower                                           II-27
        Drones Armed with Combat Capabilities to Deliver Aerial Fire
         Support                                                        II-28
        Adaptable UAVs Help Navigate Congested Urban Warfare and
         Advanced Fuel Cell Propulsion Systems to Expand Combat
          Range                                                         II-28
        Intelligent Drones and AI Technology to Provide Actionable
         Intelligence and Insights                                      II-29
         Table 11: Military, the Largest End-User of UAVs: %
         Breakdown of Global Production of UAVs for the Cumulative
         Period 2013-2027 by Application Area (includes
         corresponding Graph/Chart)                                     II-29
       Decisive Role Played by Radars in Smart Warfare Expands the
        Technology’s Use in a Broad Range of Military Operations        II-30
        Radars Grow in Popularity in Missile Guidance & UAV Navigation  II-30
         Table 12: Increased Spending on Military Robotics in the
         Age of Drone War to Benefit Demand for Military Radars:
         Global Spending on Military Robotics (in US$ Million) for
         the Years 2012, 2017, 2022 and 2025 (includes corresponding
         Graph/Chart)                                                   II-32

         Table 13: Increased Budgets Allocated Towards UAV
         Procurement Against the Backdrop of Persistent Surveillance & 
         Reconnaissance Missions to Benefit Demand for Radars:
         Global UAV Procurement Budgets and R&D Budgets (in US$
         Million) for the Years 2016, 2018, 2022 (includes
         corresponding Graph/Chart)                                     II-32
       Growing Pressure on Training Cost Reduction & Critical Pilot
        Shortage Drive Market Opportunities for Aircraft Training &
         Simulation Equipment                                           II-33
       Expanding Applications of Satellite Imagery in Commercial &
        Military Sectors Bodes Well for the Growth in Demand for
         Satellites                                                     II-34
        Micro-Satellites Make Their Mark                                II-36
         Table 14: As Satellite Imagery Becomes a Commodity, the
         Satellite Industry Emerges into a Multibillion Dollar
         Opportunity: Global Satellite Industry (in US$ Billion) by
         Segment for the Years 2016 & 2018 (includes corresponding
         Graph/Chart)                                                   II-37

         Table 15: Military Applications to Emerge as One of the
         Fastest Growing Opportunity for Nano-Satellites through
         2022: % Breakdown of Key Application Areas & Their Growth
         in the Global Nano-Satellite Market for the Years 2017 and
         2022 (includes corresponding Graph/Chart)                      II-37
       The Era of Autopilot, Fly by Wire, Internet of Aircraft
        Things and Glass Cockpits Drives the Importance of Aerospace & 
         Military Electronics                                           II-38
        Table 16: Growing Value of Electronics in an Aircraft as
        Measured by the Robust Penetration of Aircraft Sensors
        Coupled with the Trend Towards Advanced Sensor Fusion to
        Drive the Importance of Commercial & Military Avionics:
        Global Aircraft Sensors Market (in US$ Billion) for the
        Years 2018, 2020 and 2023 (includes corresponding
        Graph/Chart)                                                    II-40
        Synthetic Vision System (SVS): A 3D Piloting Cockpit
         Interface Primed Drive the Commercial Value of Aerospace
          Avionics                                                      II-40
       The Age of Connected Battlefield & Network Centric Warfare
        Strategies Make C4ISR, the Backbone of Modern Military
         Operations                                                     II-41
        Agile, Open & Networked C4ISR Systems Emerge Over the
         Horizon Strapped With the Promise of Offering “Knowledge
          Superiority”                                                  II-42
       Growing Focus on Applying Intelligent Geospatial Data
        Analytics Technology in Military & Defense Intelligence to
         Benefit Growth of Smart GIS Software & Platforms               II-43
        ArcGIS, QGIS & Whitebox GAT Rank Among the Most Popular GIS
         Software                                                       II-44
         Leading GIS Software & Their Features, Advantages &
          Disadvantages                                                 II-45
        SAR: The Most Important Geotechnology of Utmost Value to the
         Commercial & Military Sector                                   II-46
         Table 17: The Already Large Base of Satellites in Orbit &
         the Projected Growth in the Number of New Launches Coupled
         With the Resulting Increase in Satellite Data to Drive
         Growth in the Geotechnologies Market: Global Number of
         Operating Satellites in Orbit (in Units) by Type for the
         Year 2017 (includes corresponding Graph/Chart)                 II-48
       Missile Defense Continues to Play a Pivotal Role in 21st
        Century Combat Force                                            II-49
        Rising Prices of Combat Aircraft Shifts Focus on Innovations
         in Air-to-Air Missile Systems                                  II-49
        European Combat Aircraft Deploy Indigenous Air-to-Air
         Missile Systems to Curtail Dependence on US Defense
          Technology                                                    II-50
        Longer Range and Innovative Seeker Software Enable Air-to-
         Surface Missiles to Achieve Pinpoint Accuracy in Dense Air
          Defense Environments                                          II-51
        Longer Range and Precision Strike Surface-to- Surface
         Missiles Enable Combat Forces to Engage Targets over a Vast
          Geographical Area                                             II-53
        New Generation Anti-Ship Missiles Use Stealth, Speed and
         Sea-Skimming Capability to Evade Detection and Interception
          by Enemy Radar                                                II-54
       Advancing Scientific Research in the Field of Space
        Exploration to Drive Global Demand for Space Equipment          II-55
        Table 18: Humanity’s Desire to Follow Curiosity Beyond the
        Boundaries of Earth & the Ensuing Spurt in Space Exploration
        Investments to Benefit the Space Equipment Market: Breakdown
        of Orbital Launch Attempts by Country in the Year 2017
        (includes corresponding Graph/Chart)                            II-57

        Table 19: Global Number of Launch Attempts by Launcher
        Technology/Family as of the Year 2017 (includes
        corresponding Graph/Chart)                                      II-58
        Shape Shifting Satellite and Hypersonic Space Plane to
         Provide Low Cost Access to Space                               II-58
        Earth Observation Small Satellites Provide Rapidly Refreshed
         High Resolution Imagery for Immediate Analysis and Improved
          Decision Making                                               II-59
        High Throughput Communication Satellites to Serve
         Unprecedented Demands for Video and Data Services              II-60
      Market Outlook                                                    II-61

  2. PRODUCT OVERVIEW                                                   II-62
      Aircraft Products & Services                                      II-62
       Airframe                                                         II-62
       Aircraft Engine                                                  II-62
       Aircraft Components                                              II-62
       Commercial Avionics                                              II-62
       Military Avionics                                                II-62
      In-flight Entertainment                                           II-62
       MRO                                                              II-62
      Missiles                                                          II-63
       Air-to-Air Missile                                               II-63
       Air-to-Surface Missile                                           II-63
       Air Defense Missile                                              II-63
       Surface-to-Surface                                               II-63
       Antiship                                                         II-63
       Antitank                                                         II-63
       Bombs (Guided)                                                   II-63
       Intelligent Munitions                                            II-63
       Others                                                           II-63
       Specific Missiles                                                II-63
        Air-Launched Surface-Attack Guided Missile (AGM)                II-63
         AGM-88A/B/C High-speed Antiradiation Missile (HARM             II-63
         AGM-130 Missile (Weapons system)                               II-64
        AGM-154 Joint Standoff Weapon (JSOW)                            II-64
         AGM-65 Maverick                                                II-64
         AGM-86B/C Air-Launched Cruise Missile                          II-64
         AGM-129A Advanced Cruise Missile                               II-64
        Airborne Tactical and Defense Missiles                          II-64
         AGM-142                                                        II-64
        Air-Launched Intercept-Aerial Guided Missile (AIM)              II-64
         AIM-7 Sparrow                                                  II-64
         AIM-9 Sidewinder                                               II-64
         AIM-120A Advanced Medium Range Air-to-Air Missile (AMRAAM)     II-65
        Cluster Bomb Unit (CBU)                                         II-65
         CBU-89 Gator                                                   II-65
        Enhanced Guided Bomb Unit (EGBU)                                II-65
         EGBU-15                                                        II-65
        Guided Bomb Units (GBU)                                         II-65
         GBU-10 Paveway II                                              II-65
         GBU-12 Paveway II                                              II-65
         GBU-15                                                         II-65
         GBU-24 Paveway III                                             II-65
         GBU-27                                                         II-65
         GBU-28                                                         II-66
         GBU-31/32 Joint Direct Attack Munitions (JDAM)                 II-66
        Mark (General Purpose Bomb)                                     II-66
         MK-82                                                          II-66
         MK-83                                                          II-66
         MK-84                                                          II-66
        LGM - Silo-Launched Surface Attack Guided Missile               II-66
         LGM-30G Minuteman III                                          II-66
         LG-118A Peacekeeper                                            II-66
        Air-to-Air Booster Cylinder                                     II-66
        Tube Launched, Optically Tracked, and Wire Guided (TOW)
         Missile System                                                 II-67
        JDAM                                                            II-67
       Major Technologies in Air-to-Air Missiles Segment                II-67
        Advanced Propulsion Technology                                  II-67
         Ramjet                                                         II-67
         Solid-Fuel Ramjet                                              II-68
         Integral Rocket Ramjet                                         II-68
         Ducted Rocket Ramjet                                           II-68
        Advanced Guidance/Seeker Technology                             II-68
         Active Radar                                                   II-68
         Imaging Infrared Focal Plane Array                             II-68
         Command-Inertial Guidance                                      II-69
         Dual-Mode Seekers                                              II-69
         Other Missile Technologies                                     II-69
        Aircraft Training & Simulation                                  II-69
         CBT & e-Learning                                               II-69
         Military Training & Simulation                                 II-70
         Commercial & Military Flight Simulation                        II-70
        Command, Control, Communications, Computers, Intelligence,
         Surveillance, and Reconnaissance (C4ISR) & Related Systems     II-70
         Unmanned Aerial Vehicles                                       II-70
          UAV Tier Classification                                       II-70
         Video Information Capability Enhancement System (VICE)         II-71
        Electronic Warfare                                              II-71
        Mine Countermeasures                                            II-71
        Naval Radar and Sonar                                           II-71
        Chemical & Biological Agent Detectors                           II-71
         An Overview of Select Biological Agents                        II-71
          Sensitivity and Selectivity - Key for Agent Detection         II-72
           Major Biological and Chemical Detectors                      II-72
        Infrared Imaging Systems and Components                         II-73
        Military Ground Communications                                  II-73
        Land-Based Surveillance Radar                                   II-73
        Others                                                          II-73
      Space Equipment                                                   II-73
       Launch Vehicles                                                  II-73
       Communications Satellites                                        II-73
       Earth Observation Satellites                                     II-73
       A-to-Z of Satellite                                              II-73
        Satellite                                                       II-74
        Orbit                                                           II-74
        Low Earth Orbit (LEO)                                           II-74
        Medium Earth Orbit (MEO)                                        II-74
        Geostationary Earth Orbit (GEO)                                 II-74
        Satellite’s Footprint                                           II-74
        Burn                                                            II-75
       The Interior of a Satellite                                      II-75
        The Propulsion Subsystem                                        II-75
        The Power Subsystem                                             II-75
        The Communications Subsystem                                    II-75
        The Structures Subsystem                                        II-75
        The Thermal Control Subsystem                                   II-75
        The Attitude Control Subsystem                                  II-75
        The Telemetry and Command Subsystem                             II-76
         Satellite Sector: An Overview of Applications/Services         II-76
        The Launch of a Satellite                                       II-76
      GPS (Geotechnologies)                                             II-77
       Commercial Satellite Imaging                                     II-77
       Commercial Aerial Imaging                                        II-77
       GIS Software                                                     II-77
       Commercial SAR Data                                              II-77
       Commercial SAR Software                                          II-78
       Overview of Global Positioning Systems (GPS)                     II-78
      Application Areas                                                 II-78
       Space-Based Earth Observation Systems                            II-79
       Major Remote Sensing Instruments and Satellites                  II-80
       Satellite Navigation System                                      II-80
       The Galileo System                                               II-81
        EGNOS - The Precursor for Galileo                               II-81
       Focus on Select Aircraft Types                                   II-81
        Commercial Jets                                                 II-81
        Business Jets                                                   II-81
        Helicopters                                                     II-81
        Regional Jets                                                   II-81
        Aircraft - A Sneak Preview                                      II-82
         An Aircraft Timeline                                           II-82
         Commercial/Military Aircraft Models                            II-83
         Aircraft Categories                                            II-85
        Military Aircraft                                               II-86
         F-15E Strike Eagle (Fighter plane)                             II-86
         Armament                                                       II-86

  3. PRODUCT INTRODUCTIONS/INNOVATIONS                                  II-87
      Bell Introduces Bell 407GXi                                       II-87
      Embraer Unveils the Phenom 300E Light Jet                         II-87
      Lockheed Martin Debuts New Satellite Buses Lineup                 II-87
      Boeing Launches 737 MAX 10 Airplane with High-Capacity LEAP-1B
       Engines                                                          II-87
      Airbus Launches Airbus Corporate Helicopters                      II-87
      Daher Announces TBM 910 Turboprop Aircraft                        II-87
      Embraer Rolls Out E195-E2 Aircraft                                II-87

  4. RECENT INDUSTRY ACTIVITY                                           II-88
      TransDigm Acquires Extant Components Group                        II-88
      Philippine Airlines Selects Airbus Flight Hour Services for
       A350-900 Aircraft                                                II-88
      Arianespace Signs Contract with Spaceflight to Launch Small
       Satellites on Vega SSMS POC Flight                               II-88
      CommutAir Selects EAMS as Heavy Maintenance Provider for ERJ-
       145 Aircraft                                                     II-88
      Derco Signs a Repair Agreement with Arkwin Industries             II-88
      ATR Signs a Global Maintenance Agreement with Mandarin Airlines   II-88
      Flynas Signs a Letter of Agreement with CFM International for
       the Purchase of 160 LEAP-1A Engines                              II-89
      American Airlines Selects GEnx Engines to Power Boeing 787
       Dreamliners                                                      II-89
      Bombardier and PSA Airlines Signs Extension of Heavy
       Maintenance Contract for the Airline’s Fleet of CRJ Series
        Aircraft                                                        II-89
      JetBlue Selects Pratt & Whitney’s GTF Engine to Power 45
       Airbus A320neo Family Aircraft                                   II-89
      Boeing Receives Order from Air Lease Corporation for 737 MAX 8
       Airplanes                                                        II-89
      Lockheed Martin and Poland Signs an Agreement to Procure PAC-3
       MSE Missile                                                      II-89
      The government of Poland Signs a Letter of Offer with the U.S.
       Government to Purchase IAMD Battle Command System                II-90
      Kaman Composites - Vermont Expand its Manufacturing Capacity
       with ASC Autoclave                                               II-90
      Airbus and the Luxembourg Government Signs a MoU to Establish
       a Framework on Aircraft Systems                                  II-90
      Aircraft Industries Starts Series Production of its L 410 New
       Generation (NG) Aircraft                                         II-90
      Lockheed Martin Receives a Contract from The U.S. Air Force to
       Provide Training Support Services for AFSOC                      II-90
      Rolls-Royce Wins an Order from Turkish Airlines for Trent XWB
       Engines                                                          II-90
      Lockheed Martin Receives Contract from The Missile Defense
       Agency for Modified Ballistic Re-Entry Vehicles                  II-90
      Sikorsky Enters into Equipment Distribution Agreement with
       HABCO Industries                                                 II-91
      Lockheed Martin Receives a Contract from The US Military
       Forces for PAC-3 Missiles                                        II-91
      Emirates Signs an MoU to Acquire Up to 36 Additional A380
       Aircraft                                                         II-91
      United Airlines Selects Multiple Honeywell Cockpit
       Technologies for 150 Boeing 737 MAX Airplanes                    II-91
      Hexcel to Acquire OPM’s Aerospace & Defense Business              II-91
      SpiceJet and CFM Sign an Agreement to Purchase LEAP-1B Engines    II-91
      Bell Signs Purchase Agreement with Helisul Táxi Aéreo for Four
       Bell 505 Jet Ranger X Aircraft                                   II-91
      The European Commission Approves Northrop Grumman's
       Acquisition of Orbital ATK                                       II-92
      Bangkok Airways and ATR Signs a Contract for the Purchase of
       Four Additional ATR 72-600s                                      II-92
      Daher Receives a Contract from Boeing to Provide Thermoplastic
       Composite Structural Parts for the Boeing 787 Airplanes          II-92
      Hainan Airlines Signs a MOU with CFM for the Purchase of LEAP-
       1A Engines                                                      II-92
      Arianespace Enters into an Agreement with Intelsat to Launch
       Two Satellites                                                   II-92
      CFM Signs Agreement with Spring Airlines for the Purchase of
       120 LEAP-1A Engines                                              II-92
      Orbital ATK Signs a Cooperative R & D Agreement (CRADA) with
       the U.S. Air Force’s Space and Missile Systems Center            II-92
      Airbus Enters into a Purchase Agreement with Indigo Partners
       Family                                                           II-93
      Lockheed Martin Receives $944 Million Contract for PAC-3
       Missiles from The US Military Forces                             II-93
      IAE Enters into 10-Year Maintenance Agreement with IAI for
       V2500 Engines                                                    II-93
      Thales to Acquire Gemalto                                         II-93
      Qazaq Air Signs a Firm Purchase Agreement with Bombardier for
       Two New Q400 Turboprops                                          II-93
      BAE Systems and the Government of Qatar Sign a Contract for
       the Supply of Typhoon Aircraft                                   II-93
      Raytheon Establishes New Subsidiary - Raytheon Emirates           II-93

  5. FOCUS ON SELECT GLOBAL PLAYERS                                     II-94
      AAR CORP. (USA)                                                   II-94
      Airbus Group (Netherlands)                                        II-94
      Applied Radar, Inc. (USA)                                         II-95
      Arianespace SA (France)                                           II-95
      BAE Systems Plc (United Kingdom)                                  II-95
      Ball Aerospace & Technologies Corporation (USA)                   II-96
      Bombardier, Inc. (Canada)                                         II-96
      CAE (USA)                                                         II-97
      CFM International Inc. (USA)                                      II-97
      Dassault Aviation SA (France)                                     II-98
      Delta TechOps (USA)                                               II-98
      DigitalGlobe (USA)                                                II-99
      Embraer SA (Brazil)                                               II-99
      Esterline Technologies Corporation (USA)                          II-100
      FlightSafety International Inc. (USA)                             II-100
      GE Aviation (USA)                                                 II-101
      General Dynamics Corporation (USA)                                II-101
      Honeywell International, Inc. (USA)                               II-102
      Indra Sistemas, S.A. (Spain)                                      II-102
      Israel Aerospace Industries Ltd (Israel)                          II-103
      Kaman Corporation (USA)                                           II-103
      L3 Technologies, Inc. (USA)                                       II-104
       L3 Link Training & Simulation (USA)                              II-104
      Leonardo S.p.A. (Italy)                                           II-105
      Lockheed Martin Corporation (USA)                                 II-105
      MBDA Missile Systems (USA)                                        II-106
      Msp Aviation, Inc. (USA)                                          II-106
      Northrop Grumman Corporation (USA)                                II-107
      Orbital ATK, Inc. (USA)                                           II-107
      Planet Labs Inc. (USA)                                            II-108
      Raytheon Company (USA)                                            II-108
      Rockwell Collins, Inc. (USA)                                      II-108
      Rolls-Royce Plc (United Kingdom)                                  II-109
      RUAG AG (Switzerland)                                             II-109
      Safran S.A. (France)                                              II-110
      Space Exploration Technologies Corp (USA)                         II-110
      Textron Inc. (USA)                                                II-111
      Thales Group (France)                                             II-111
      The Boeing Company (USA)                                          II-112
      United Technologies Corporation (USA)                             II-113
       UTC Aerospace Systems (USA)                                      II-113
       Pratt & Whitney (USA)                                            II-114

  6. GLOBAL MARKET PERSPECTIVE                                          II-115
      Table 20: World Recent Past, Current & Future Analysis for
      Aerospace and Defense Industry by Geographic Region/Country -
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Middle East & Africa, and Latin America Markets Independently
      Analyzed with Annual Sales Figures in US$ Million for Years
      2016 through 2024 (includes corresponding Graph/Chart)            II-115

      Table 21: World Historic Review for Aerospace and Defense
      Industry by Geographic Region/Country - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
      and Latin America Markets Independently Analyzed with Annual
      Sales Figures in US$ Million for Years 2011 through 2015
      (includes corresponding Graph/Chart)                              II-116

      Table 22: World 14-Year Perspective for Aerospace and Defense
      Industry by Geographic Region/Country - Percentage Breakdown
      of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East & Africa, and Latin America
      Markets for Years 2011, 2018 & 2024 (includes corresponding
      Graph/Chart)                                                      II-117
      Aerospace and Defense Industry by Sector                          II-118
      Table 23: World Recent Past, Current & Future Analysis for
      Aircraft Products & Services by Geographic Region/Country -
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Middle East & Africa, and Latin America Markets Independently
      Analyzed with Annual Sales Figures in US$ Million for Years
      2016 through 2024 (includes corresponding Graph/Chart)            II-118

      Table 24: World Historic Review for Aircraft Products &
      Services by Geographic Region/Country - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
      and Latin America Markets Independently Analyzed with Annual
      Sales Figures in US$ Million for Years 2011 through 2015
      (includes corresponding Graph/Chart)                              II-119

      Table 25: World 14-Year Perspective for Aircraft Products &
      Services by Geographic Region/Country - Percentage Breakdown
      of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East & Africa, and Latin America
      Markets for Years 2011, 2018 & 2024 (includes corresponding
      Graph/Chart)                                                      II-120

      Table 26: World Recent Past, Current & Future Analysis for
      Aircraft Products & Services by Product Segment - Airframe,
      Aircraft Engines, Aircraft Components, Commercial Avionics,
      Military Avionics, In-flight Entertainment, and MRO
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2016 through 2024 (includes corresponding
      Graph/Chart)                                                      II-121

      Table 27: World Historic Review for Aircraft Products &
      Services by Product Segment - Airframe, Aircraft Engines,
      Aircraft Components, Commercial Avionics, Military Avionics,
      In-flight Entertainment, and MRO Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-122

      Table 28: World 14-Year Perspective for Aircraft Products &
      Services by Product Segment - Percentage Breakdown of Dollar
      Sales for Airframe, Aircraft Engines, Aircraft Components,
      Commercial Avionics, Military Avionics, In-flight
      Entertainment, and MRO for Years 2011, 2018 & 2024 (includes
      corresponding Graph/Chart)                                        II-123

      Table 29: World Recent Past, Current & Future Analysis for
      Missiles by Geographic Region/Country - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
      and Latin America Markets Independently Analyzed with Annual
      Sales Figures in US$ Million for Years 2016 through 2024
      (includes corresponding Graph/Chart)                              II-124

      Table 30: World Historic Review for Missiles by Geographic
      Region/Country - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East & Africa, and Latin America
      Markets Independently Analyzed with Annual Sales Figures in
      US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-125

      Table 31: World 14-Year Perspective for Missiles by Geographic
      Region/Country - Percentage Breakdown of Dollar Sales for US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East & Africa, and Latin America Markets for Years 2011, 2018 & 
      2024 (includes corresponding Graph/Chart)                         II-126

      Table 32: World Recent Past, Current & Future Analysis for
      Missiles by Product Segment - Air-to Air, Air-to-Surface, Air
      Defense, Surface-to-Surface, Antiship, Antitank, Bombs
      (Guided), Intelligent Munitions, and Others Independently
      Analyzed with Annual Sales Figures in US$ Million for Years
      2016 through 2024 (includes corresponding Graph/Chart)            II-127

      Table 33: World Historic Review for Missiles by Product
      Segment - Air-to Air, Air-to-Surface, Air Defense,
      Surface-to-Surface, Antiship, Antitank, Bombs (Guided),
      Intelligent Munitions, and Others Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-128

      Table 34: World 14-Year Perspective for Missiles by Product
      Segment - Percentage Breakdown of Dollar Sales for Air-to Air,
      Air-to-Surface, Air Defense, Surface-to-Surface, Antiship,
      Antitank, Bombs (Guided), Intelligent Munitions, and Others
      for Years 2011, 2018 & 2024 (includes corresponding
      Graph/Chart)                                                      II-129

      Table 35: World Recent Past, Current & Future Analysis for
      Aircraft Training & Simulation by Geographic Region/Country -
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Middle East & Africa, and Latin America Markets Independently
      Analyzed with Annual Sales Figures in US$ Million for Years
      2016 through 2024 (includes corresponding Graph/Chart)            II-130

      Table 36: World Historic Review for Aircraft Training &
      Simulation by Geographic Region/Country - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
      and Latin America Markets Independently Analyzed with Annual
      Sales Figures in US$ Million for Years 2011 through 2015
      (includes corresponding Graph/Chart)                              II-131

      Table 37: World 14-Year Perspective for Aircraft Training &
      Simulation by Geographic Region/Country - Percentage Breakdown
      of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East & Africa, and Latin America
      Markets for Years 2011, 2018 & 2024 (includes corresponding
      Graph/Chart)                                                      II-132

      Table 38: World Recent Past, Current & Future Analysis for
      Aircraft Training & Simulation by Product Segment - CBT &
      E-Learning, Commercial Flight Simulation, and Military Flight
      Simulation Independently Analyzed with Annual Sales Figures in
      US$ Million for Years 2016 through 2024 (includes
      corresponding Graph/Chart)                                        II-133

      Table 39: World Historic Review for Aircraft Training &
      Simulation by Product Segment - CBT & E-Learning, Commercial
      Flight Simulation, and Military Flight Simulation
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2011 through 2015 (includes corresponding
      Graph/Chart)                                                      II-134

      Table 40: World 14-Year Perspective for Aircraft Training &
      Simulation by Product Segment - Percentage Breakdown of Dollar
      Sales for CBT & E-Learning, Commercial Flight Simulation, and
      Military Flight Simulation for Years 2011, 2018 & 2024
      (includes corresponding Graph/Chart)                              II-135

      Table 41: World Recent Past, Current & Future Analysis for
      C4ISR & Related Systems by Geographic Region/Country - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East & Africa, and Latin America Markets Independently
      Analyzed with Annual Sales Figures in US$ Million for Years
      2016 through 2024 (includes corresponding Graph/Chart)            II-136

      Table 42: World Historic Review for C4ISR & Related Systems by
      Geographic Region/Country - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East & Africa, and
      Latin America Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-137

      Table 43: World 14-Year Perspective for C4ISR & Related
      Systems by Geographic Region/Country - Percentage Breakdown of
      Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East & Africa, and Latin America
      Markets for Years 2011, 2018 & 2024 (includes corresponding
      Graph/Chart)                                                      II-138

      Table 44: World Recent Past, Current & Future Analysis for
      C4ISR & Related Systems by Product Segment - Unmanned Aerial
      Vehicle, Electronic Warfare, Mine Countermeasures, Naval Radar
      and Sonar, Chemical & Biological Agent Detectors, Infrared
      Imaging Systems and Components, Military Ground
      Communications, Land-Based Surveillance Radar, and Others
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2016 through 2024 (includes corresponding
      Graph/Chart)                                                      II-139

      Table 45: World Historic Review for C4ISR & Related Systems by
      Product Segment - Unmanned Aerial Vehicle, Electronic Warfare,
      Mine Countermeasures, Naval Radar and Sonar, Chemical &
      Biological Agent Detectors, Infrared Imaging Systems and
      Components, Military Ground Communications, Land-Based
      Surveillance Radar, and Others Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-140

      Table 46: World 14-Year Perspective for C4ISR & Related
      Systems by Product Segment - Percentage Breakdown of Dollar
      Sales for Unmanned Aerial Vehicle, Electronic Warfare, Mine
      Countermeasures, Naval Radar and Sonar, Chemical & Biological
      Agent Detectors, Infrared Imaging Systems and Components,
      Military Ground Communications, Land-Based Surveillance Radar,
      and Others for Years 2011, 2018 & 2024 (includes corresponding
      Graph/Chart)                                                      II-141

      Table 47: World Recent Past, Current & Future Analysis for
      Space Equipment by Geographic Region/Country - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle East &
      Africa, and Latin America Markets Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2016 through
      2024 (includes corresponding Graph/Chart)                         II-142

      Table 48: World Historic Review for Space Equipment by
      Geographic Region/Country - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East & Africa, and
      Latin America Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-143

      Table 49: World 14-Year Perspective for Space Equipment by
      Geographic Region/Country - Percentage Breakdown of Dollar
      Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East & Africa, and Latin America Markets for
      Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)      II-144

      Table 50: World Recent Past, Current & Future Analysis for
      Space Equipment by Product Segment - Launch Vehicles,
      Communications Satellites, and Earth Observation Satellites
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2016 through 2024 (includes corresponding
      Graph/Chart)                                                      II-145

      Table 51: World Historic Review for Space Equipment by Product
      Segment - Launch Vehicles, Communications Satellites, and
      Earth Observation Satellites Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2011 through
      2015 (includes corresponding Graph/Chart)                         II-146

      Table 52: World 14-Year Perspective for Space Equipment by
      Product Segment - Percentage Breakdown of Dollar Sales for
      Launch Vehicles, Communications Satellites, and Earth
      Observation Satellites for Years 2011, 2018 & 2024 (includes
      corresponding Graph/Chart)                                        II-147

      Table 53: World Recent Past, Current & Future Analysis for GPS
      (Geotechnologies) by Geographic Region/Country - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle East &
      Africa, and Latin America Markets Independently Analyzed with
      Annual Sales Figures in US$ Million for Years 2016 through
      2024 (includes corresponding Graph/Chart)                         II-148

      Table 54: World Historic Review for GPS (Geotechnologies) by
      Geographic Region/Country - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East & Africa, and
      Latin America Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-149

      Table 55: World 14-Year Perspective for GPS (Geotechnologies)
      by Geographic Region/Country - Percentage Breakdown of Dollar
      Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East & Africa, and Latin America Markets for
      Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)      II-150

      Table 56: World Recent Past, Current & Future Analysis for GPS
      (Geotechnologies) by Product Segment - Commercial Satellite
      Imaging, Commercial Aerial Imaging, GIS Software, Commercial
      SAR Data, and Commercial SAR Software Independently Analyzed
      with Annual Sales Figures in US$ Million for Years 2016
      through 2024 (includes corresponding Graph/Chart)                 II-151

      Table 57: World Historic Review for GPS (Geotechnologies) by
      Product Segment - Commercial Satellite Imaging, Commercial
      Aerial Imaging, GIS Software, Commercial SAR Data, and
      Commercial SAR Software Independently Analyzed with Annual
      Sales Figures in US$ Million for Years 2011 through 2015
      (includes corresponding Graph/Chart)                              II-152

      Table 58: World 14-Year Perspective for GPS (Geotechnologies)
      by Product Segment - Percentage Breakdown of Dollar Sales for
      Commercial Satellite Imaging, Commercial Aerial Imaging, GIS
      Software, Commercial SAR Data, and Commercial SAR Software for
      Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)      II-153


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Outlook                                                         III-1
        US Defense Budget Focuses on Modernization of Key Capabilities  III-1
        Procurement of Additional Ships, Aircraft and Investments in
         Key Technologies to Help Adapt to the Evolving Security
          Environment                                                   III-2
        Advances in US Air Force to Provide Precision Attack
         Capability against Current and Emerging Threats                III-3
        US Army’s Modernization Initiatives Aim at Reclaiming its
         Competitive Advantage to Counter Threats Posed by Near-peer
          Adversaries                                                   III-4
        US Homeland Missile Defence Programs to Defend Against an
         Increasingly Complex Ballistic Missile Threat                  III-4
        Advanced Autonomous Systems, Artificial Intelligence and
         Hypersonic Capability to Help Achieve Competitive Military
          Advantage                                                     III-6
         Table 59: Air Power in the United States: Breakdown of
         Number Of Air Defense Vehicles by Type for the Year 2018
         (includes corresponding Graph/Chart)                           III-8
        Major Aerospace and Defense Federal Departments                 III-8
         National Aeronautics and Space Administration (NASA)           III-8
         Department of Defense (DoD)                                    III-8
         Federal Aviation Administration (FAA)                          III-8
         Department of Homeland Security (DHS)                          III-9
        Regulatory Environment                                          III-9
         Environmental Regulations                                      III-9
         Regulatory Framework for Defense Related Exports               III-9
         Select Regulatory Bodies                                       III-10
          The Office of Defense Trade Controls                          III-10
          The Bureau of Export Administration                           III-10
        Industry Structure                                              III-10
         Challenges for Market Participants                             III-10
          High Entry Barriers                                           III-10
          Rising Production Costs                                       III-11
          Industry Structure Undergoing Transformation                  III-11
          Increasing Competition                                        III-11
          The European Onslaught                                        III-11
           A Focus on Major US and European Players by Competitive Area III-12
          Federal Control - Major Bottleneck for US Aerospace and
           Defense Sales                                                III-12
           Risk Elements for US Commercial Remote Sensing Satellite
            Companies                                                   III-12
        Product Launches                                                III-13
        Recent Industry Activity                                        III-14
        Key Players                                                     III-17
      B.Market Analytics                                                III-32
        Table 60: US Recent Past, Current & Future Analysis for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-32

        Table 61: US Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-34

        Table 62: US 14-Year Perspective for Aerospace and Defense
        Industry by Industrial Sector/Segment - Percentage Breakdown
        of Dollar Sales for Aircraft Products & Services; Missiles;
        Aircraft Training & Simulation; C4ISR & Related; Space
        Equipment; and GPS (Geotechnologies) for Years 2011, 2018 &
        2024 (includes corresponding Graph/Chart)                       III-36

  2. CANADA                                                             III-37
      A.Market Analysis                                                 III-37
        Bombardier, Inc. - A Key Canadian Player                        III-37
      B.Market Analytics                                                III-38
        Table 63: Canadian Recent Past, Current & Future Analysis
        for Aerospace and Defense Industry by Industrial
        Sector/Segment - Aircraft Products & Services; Missiles;
        Aircraft Training & Simulation; C4ISR & Related; Space
        Equipment; and GPS (Geotechnologies) Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-38

        Table 64: Canadian Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-40

        Table 65: Canadian 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-42

  3. JAPAN                                                              III-43
       Market Analysis                                                  III-43
        Table 66: Japanese Recent Past, Current & Future Analysis
        for Aerospace and Defense Industry by Industrial
        Sector/Segment - Aircraft Products & Services; Missiles;
        Aircraft Training & Simulation; C4ISR & Related; Space
        Equipment; and GPS (Geotechnologies) Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-44

        Table 67: Japanese Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-46

        Table 68: Japanese 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-48

  4. EUROPE                                                             III-49
      A.Market Analysis                                                 III-49
        Outlook                                                         III-49
        European Union Increases Investments in Defense to Develop
         Common Military Capabilities                                   III-49
        Product Launch                                                  III-50
        Recent Industry Activity                                        III-50
      B.Market Analytics                                                III-51
        Table 69: European Recent Past, Current & Future Analysis
        for Aerospace and Defense Industry by Geographic
        Region/Country - France, Germany, Italy, UK, Spain, Russia
        and Rest of Europe Markets Independently Analyzed with
        Annual Sales Figures in US$ Million for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-51

        Table 70: European Historic Review for Aerospace and Defense
        Industry by Geographic Region/Country - France, Germany,
        Italy, UK, Spain, Russia and Rest of Europe Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-52

        Table 71: European 14-Year Perspective for Aerospace and
        Defense Industry by Geographic Region/Country - Percentage
        Breakdown of Dollar Sales for France, Germany, Italy, UK,
        Spain, Russia and Rest of Europe Markets for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-53

        Table 72: European Recent Past, Current & Future Analysis
        for Aerospace and Defense Industry by Industrial
        Sector/Segment - Aircraft Products & Services; Missiles;
        Aircraft Training & Simulation; C4ISR & Related; Space
        Equipment; and GPS (Geotechnologies) Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-54

        Table 73: European Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-56

        Table 74: European 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-58

  4a. FRANCE                                                            III-59
      A.Market Analysis                                                 III-59
        Table 75: Air Power in France: Breakdown of Number Of Air
        Defense Vehicles by Type for the Year 2018 (includes
        corresponding Graph/Chart)                                      III-59
        Key Players                                                     III-59
      B.Market Analytics                                                III-62
        Table 76: French Recent Past, Current & Future Analysis for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-62

        Table 77: French Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-64

        Table 78: French 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-66

  4b. GERMANY                                                           III-67
      A.Market Analysis                                                 III-67
        Table 79: Air Power in Germany: Breakdown of Number Of Air
        Defense Vehicles by Type for the Year 2018 (includes
        corresponding Graph/Chart)                                      III-67
      B.Market Analytics                                                III-68
        Table 80: German Recent Past, Current & Future Analysis for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-68

        Table 81: German Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-70

        Table 82: German 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-72

  4c. ITALY                                                             III-73
      A.Market Analysis                                                 III-73
        Leonardo S.p.A. - A Key Italian Player                          III-73
      B.Market Analytics                                                III-74
        Table 83: Italian Recent Past, Current & Future Analysis for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-74

        Table 84: Italian Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-76

        Table 85: Italian 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-78

  4d. THE UNITED KINGDOM                                                III-79
      A.Market Analysis                                                 III-79
        Table 86: Air Power in the UK: Breakdown of Number of Air
        Defense Vehicles by Type for the Year 2018 (includes
        corresponding Graph/Chart)                                      III-79
        Key Players                                                     III-79
      B.Market Analytics                                                III-81
        Table 87: UK Recent Past, Current & Future Analysis for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-81

        Table 88: UK Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-83

        Table 89: UK 14-Year Perspective for Aerospace and Defense
        Industry by Industrial Sector/ Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-85

  4e. SPAIN                                                             III-86
      A.Market Analysis                                                 III-86
        Indra Sistemas, S.A. - A Key Spanish Player                     III-86
      B.Market Analytics                                                III-87
        Table 90: Spanish Recent Past, Current & Future Analysis for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-87

        Table 91: Spanish Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-89

        Table 92: Spanish 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-91

  4f. RUSSIA                                                            III-92
      A.Market Analysis                                                 III-92
        Outlook                                                         III-92
        Russia’s Defense Budget Focused on Keeping Pace with
         Technological Improvements to Narrow the Gap with Peer
          Competitors                                                   III-92
        A Review of Russia’s New Generation Weapon Systems              III-93
         Table 93: Air Power in Russia: Breakdown of Number of Air
         Defense Vehicles by Type for the Year 2018 (includes
         corresponding Graph/Chart)                                     III-94
      B.Market Analytics                                                III-95
        Table 94: Russian Recent Past, Current & Future Analysis for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-95

        Table 95: Russian Historic Review for Aerospace and Defense
        Industry by Industrial Sector/Segment - Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies)
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-97

        Table 96: Russian 14-Year Perspective for Aerospace and
        Defense Industry by Industrial Sector/Segment - Percentage
        Breakdown of Dollar Sales for Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-99

  4g. REST OF EUROPE                                                    III-100
      A.Market Analysis                                                 III-100
        Recent Industry Activity                                        III-100
        Key Players                                                     III-100
      B.Market Analytics                                                III-102
        Table 97: Rest of Europe Recent Past, Current & Future
        Analysis for Aerospace and Defense Industry by Industrial
        Sector/Segment - Aircraft Products & Services; Missiles;
        Aircraft Training & Simulation; C4ISR & Related; Space
        Equipment; and GPS (Geotechnologies) Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-102

        Table 98: Rest of Europe Historic Review for Aerospace and
        Defense Industry by Industrial Sector/Segment - Aircraft
        Products & Services; Missiles; Aircraft Training &
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-104

        Table 99: Rest of Europe 14-Year Perspective for Aerospace
        and Defense Industry by Industrial Sector/Segment -
        Percentage Breakdown of Dollar Sales for Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies) for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-106

  5. ASIA-PACIFIC                                                       III-107
      A.Market Analysis                                                 III-107
        Outlook                                                         III-107
        A Special Focus on China, the Emerging Military Superpower      III-107
         China Boosts Defense Spending on Expanding Air and Naval
          Defense Capabilities amid Military Modernization              III-107
         China’s Fifth Generation and Enhanced Fourth Generation
          Fighter Aircraft Provide Readiness for Combat Operations      III-109
         China’s Aerial Refuelling Tankers Extends the Combat Radius
          of Chinese Fighter Aircraft                                   III-112
         China’s Naval Modernization Initiative Includes
          Domestically Built High-tech Aircraft Carrier                 III-112
        A Review of China’s Arsenal of Ballistic Missiles               III-113
         Table 100: Air Power in China: Breakdown of Number of Air
         Defense Vehicles by Type for the Year 2018 (includes
         corresponding Graph/Chart)                                     III-115
        A Review of the Indian Military & Defense Industry              III-115
         India’s Defense Budget to Reduce Reliance on Russian
          Defense Imports and Focus on ‘Make in India’ Policy           III-115
         India’s Arsenal of Weapons to Counter Increasing Security
          Challenges from Regional Threats                              III-117
          Table 101: Air Power in India: Breakdown of Number Of Air
          Defense Vehicles by Type for the Year 2018 (includes
          corresponding Graph/Chart)                                    III-118
        Recent Industry Activity                                        III-118
      B.Market Analytics                                                III-120
        Table 102: Asia-Pacific Recent Past, Current & Future
        Analysis for Aerospace and Defense Industry by Industrial
        Sector/Segment - Aircraft Products & Services; Missiles;
        Aircraft Training & Simulation; C4ISR & Related; Space
        Equipment; and GPS (Geotechnologies) Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-120

        Table 103: Asia-Pacific Historic Review for Aerospace and
        Defense Industry by Industrial Sector/Segment - Aircraft
        Products & Services; Missiles; Aircraft Training &
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-122

        Table 104: Asia-Pacific 14-Year Perspective for Aerospace
        and Defense Industry by Industrial Sector/Segment -
        Percentage Breakdown of Dollar Sales for Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies) for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-124

  6. MIDDLE EAST & AFRICA                                               III-125
      A.Market Analysis                                                 III-125
        Recent Industry Activity                                        III-125
        Israel Aerospace Industries Ltd - A Key Regional Player         III-126
      B.Market Analytics                                                III-127
        Table 105: Middle East & Africa Recent Past, Current &
        Future Analysis for Aerospace and Defense Industry by
        Industrial Sector/Segment - Aircraft Products & Services;
        Missiles; Aircraft Training & Simulation; C4ISR & Related;
        Space Equipment; and GPS (Geotechnologies) Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2016 through 2024 (includes corresponding Graph/Chart)          III-127

        Table 106: Middle East & Africa Historic Review for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Aircraft Products & Services; Missiles; Aircraft Training & 
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-129

        Table 107: Middle East & Africa 14-Year Perspective for
        Aerospace and Defense Industry by Industrial Sector/Segment - 
        Percentage Breakdown of Dollar Sales for Aircraft Products & 
        Services; Missiles; Aircraft Training & Simulation; C4ISR & 
        Related; Space Equipment; and GPS (Geotechnologies) for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-131

  7. LATIN AMERICA                                                      III-132
      A.Market Analysis                                                 III-132
        Recent Industry Activity                                        III-132
        Embraer SA - A Key Brazilian Player                             III-132
      B.Market Analytics                                                III-133
        Table 108: Latin American Recent Past, Current & Future
        Analysis for Aerospace and Defense Industry by Industrial
        Sector/Segment - Aircraft Products & Services; Missiles;
        Aircraft Training & Simulation; C4ISR & Related; Space
        Equipment; and GPS (Geotechnologies) Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-133

        Table 109: Latin American Historic Review for Aerospace and
        Defense Industry by Industrial Sector/Segment - Aircraft
        Products & Services; Missiles; Aircraft Training &
        Simulation; C4ISR & Related; Space Equipment; and GPS
        (Geotechnologies) Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-135

        Table 110: Latin American 14-Year Perspective for Aerospace
        and Defense Industry by Industrial Sector/ Segment -
        Percentage Breakdown of Dollar Sales for Aircraft Products &
        Services; Missiles; Aircraft Training & Simulation; C4ISR &
        Related; Space Equipment; and GPS (Geotechnologies) for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-137


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 326 (including Divisions/Subsidiaries - 394)

     The United States (192)
     Canada (14)
     Japan (14)
     Europe (138)
     - France (26)
     - Germany (23)
     - The United Kingdom (37)
     - Italy (7)
     - Spain (5)
     - Rest of Europe (40)
     Asia-Pacific (Excluding Japan) (21)
     Middle East (11)
     Latin America (2)
     Africa (2)
Additional Information:
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Date of Publication:
May 21, 2018
Number of Pages:
907 Pages