2021 aerospace and defense

industry outlook

Commercial aerospace could remain

更多

challenged, while the defense sector is

expected to be stable

Global aerospace and defense (A&D) industry revenue is

expected to begin to recover in 2021 after a difficult year

in 2020. But this recovery will likely be uneven across

the two key sectors, commercial aerospace and defense.

The commercial aerospace sector has been significantly

affected by the COVID-19 pandemic, which has led to a

dramatic reduction in passenger traffic, in turn affecting

aircraft demand. As a result, the commercial aerospace

sector is expected to recover slowly, as travel demand

is not expected to return to pre–COVID-19 levels before

2024.1 The defense sector is expected to remain stable

in 2021, as most countries have not significantly reduced

defense budgets and remain committed to sustaining

their military capabilities. However, given the disruption

in the complex global supply chain, some defense

programs could face minor cost increases and schedule

delays in 2021.

收起