Aerospace Industries Gliding Despite Decreased Defense Spending

As the US defense budget tightens, aerospace industries, including space vehicle and missile manufacturers, aircraft manufactures and unmanned aerial vehicle manufacturers, will turn to other revenue streams, such as commercial and international markets.

Other markets, including exports, will prove an additional outlet for growth. The international market will prove a logical end-user, as a significant number of aerospace companies are located in the west region of the United States. Because of it being a transportation and research hub, the region allows companies more convenient access to new sector-related technologies and cost-effective access to shipping ports. In the end, the next five years will see new opportunities for growth for aerospace industries, as companies adapt to new operating conditions brought on by defense budget cuts.

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By IBISWorld Industry Analyst Radia Amari

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