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2014 Global Aerospace and Defence Industry outlook
Expect another record year for commercial aerospace and continued declines in defence
The Deloitte Touche Tohmatsu Limited Global Manufacturing Industry group has released this year’s Global Aerospace and Defence Industry outlook, which shows that revenue growth in the 5 percent range is expected for the overall industry in 2014.
- Revenue growth in the 5 percent range is expected for the overall Aerospace and Defence (A&D) industry in 2014
- Global revenues for defence companies are on a downward trend, declining 1.3 percent in 2012 and 1.9 percent in 2011. It is anticipated for 2013, global revenues for defence companies will track to similar levels in the past two years, around an estimated minus 2.5 percent
- Global defence spending is declining, resulting mainly from reduced armed conflict in Iraq and Afghanistan and affordability concerns in many traditional militarily active governments. However, defense spending is increasing in several areas of the globe, especially in the Middle East, India, China, Russia, South Korea, Brazil, and Japan
- 2014 will likely bring high single to double-digit levels of growth in the commercial aerospace sub-sector.