The Aerospace and Defense Supply Chain Technology Stack
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By Tristan Lee The aerospace and defense industry (A&D), which encompasses the development of aircraft, spacecraft, and military equipment, has been on an upward trajectory, particularly with record highs in United States defense spending spurred by global tensions and conflicts like the ground war in Ukraine. Advanced development, such as the integration of 8k imaging systems into drones and focused development of hypersonic missiles is a reflection of growing technological demands in the field. The global A&D market has witnessed substantial growth from $700 billion in 2021 to $855 billion in 2023, marking a compound annual growth rate (CAGR) of 7.5% during this period. Projections further anticipate that the market will reach $1076 billion by 2027 with a CAGR of 5.9%, highlighting both the industry's continued innovation and the impact of geopolitical factors on market expansion.
The Aerospace and Defense Supply Chain Technology Stack
The Aerospace and Defense Supply Chain…
The Aerospace and Defense Supply Chain Technology Stack
By Tristan Lee The aerospace and defense industry (A&D), which encompasses the development of aircraft, spacecraft, and military equipment, has been on an upward trajectory, particularly with record highs in United States defense spending spurred by global tensions and conflicts like the ground war in Ukraine. Advanced development, such as the integration of 8k imaging systems into drones and focused development of hypersonic missiles is a reflection of growing technological demands in the field. The global A&D market has witnessed substantial growth from $700 billion in 2021 to $855 billion in 2023, marking a compound annual growth rate (CAGR) of 7.5% during this period. Projections further anticipate that the market will reach $1076 billion by 2027 with a CAGR of 5.9%, highlighting both the industry's continued innovation and the impact of geopolitical factors on market expansion.