2024 Aerospace and Defense industry Outlook

Director ASIM Sandro VR, apr 30

In 2023, the aerospace and defense (A&D/Deloitte Research Center for Energy & Industrials) sector experienced a resurgence in demand for products, driven by factors such as the recovery of domestic commercial aviation and geopolitical shifts necessitating military modernization. This upswing in demand translated into increased orders for both aircraft and aftermarket services, particularly in the commercial aviation and defense segments.

Looking ahead to 2024, the momentum is expected to continue, with ongoing growth projected in both commercial and defense sectors. As global travel continues to rebound and geopolitical tensions persist, the demand for A&D products and services is anticipated to remain robust. Additionally, emerging markets like advanced air mobility are poised to progress in testing and certification, laying the groundwork for commercialization. To navigate these opportunities and challenges, A&D companies may leverage digitalization and emerging technologies to enhance efficiency, address supply chain issues, attract talent, and innovate in product development, thereby fostering profitability and resilience in the face of evolving market dynamics.

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