2017 global aerospace and defense market overview

The global aerospace and defense industry remains buoyant, enjoying 3.8% revenue growth year-on-year in 2016, alongside healthy profit margins of 8.8%. However, profits are down 1% from 2015 due mainly to aircraft OEMs and issues in engines and cabin segments for some selected suppliers. The commercial aerospace industry profit pool has also declined. Macro-economic factors for the industry from GDP growth to oil price, raw material and interest rates remain favorable compared to historical levels.