GERMANY AEROSPACE AND DEFENSE MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 Over the course of the projected period, the aerospace and defence market in Germany is anticipated to grow at a rate higher than 9%. The COVID-19 virus had a detrimental effect on Germany's aerospace and defence industries. As travel prohibitions are implemented in many nations, the aircraft manufacturing companies experienced a reduction in orders, which slowed the expansion of the market under study. Since the situation is returning to normal and the market is beginning to show indications of recovery, reducing the coronavirus pandemic is essential for restoring the demand for commercial aircraft.

After the UK and France, Germany is the country that spends the most on its military, spending $56.0 billion in 2021, or 1.3 percent of its GDP. Its military spending fell by 1.4% from 2020 to 2021. The new German government, which was elected in December 2021, declared that it will devote 3% of its GDP to foreign relations, international cooperation, and defence. The government declared its plan to raise military spending even more over the next years in light of the Russian invasion of Ukraine in February 2022. However, it is unclear how Germany's previous commitments to spending on development and diplomacy would be impacted by this most recent vow.

Germany is expanding its overall financial support for national and European space development initiatives, such as the ExoMars, Ariane 6, and Mars Express programmes. German investments in space programmes will total USD 180 million in technology development, USD 370 million in telecommunication, USD 94 million in situational awareness and space security, USD 550 million in space transport operations, USD 800 million in earth observation, etc. in 2020. Additionally, in August 2022, Berlin-based LiveEO, a provider of satellite analytics, obtained funds of Euro 19 million, making it one of the continent's largest investments in Earth observation. With a lead investment of 17 million euros from MMC Ventures and additional funding from the European Commission and Investitionsbank Berlin, the round was headed by MMC Ventures.

Major Players: Rheinmetall AG, Krauss-Maffei Wegmann GmbH & Co. KG, Thyssenkrupp AG, MBDA Deutschland GmbH, and Leonardo SpA

Read The Full Market Report












Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more