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Aerospace & Defense
Astronics faced significant disruptions due to Boeing’s operational halt and subsequent strike. The shutdown led to inventory accumulation both at Astronics and Boeing, influencing shipment rates.
Axon has positioned itself as a leader in delivering cutting-edge technologies aimed at saving lives, enhancing transparency, and empowering public safety agencies globally.
The company is leveraging its leadership in autonomy by integrating software and hardware across domains, with particular emphasis on uncrewed aircraft and autonomous satellite systems.
The global aerospace and defense market, which was valued at USD 750 billion in 2022, is anticipated to reach around USD 1,388 billion by 2030, with a compound annual growth rate (CAGR) of 8.2%.
The global aerospace and defense industry is poised for substantial growth, with projections indicating a surge from USD 750 billion in 2022 to USD 1,388 billion by 2030, at a CAGR of 8.2%.
The global aerospace and defense market, worth about USD 750 billion in 2022, is projected to grow to ~USD 1,388 billion by 2030, with a compound annual growth rate (CAGR) of around 8.2% from 2023 to 2030.
The Aerospace and Defense sector recorded revenues of ~$740.5bn in 2022, an increase of 3% over 2021, and operating profit of $66bn, a rise of 8%.
For Airbus, the management of supply chain remains a crucial part of its activities. Even though the situation is getting better, due to the ongoing ramp up by the company, the need for material and components keep increasing.
The Aerospace and Defense sector recorded revenues of ~$740.5bn in 2022, an increase of 3% over 2021, and operating profit of $66bn, a rise of 8%. The minor increase in revenue fell short of projections as supply chain, labor issues and rising end- market demand led to production limitations.
