Source: KPMG
The global Aerospace and Defense (A&D) sector is growing rapidly. Airbus and Boeing predict more than 40,000 new commercial jets will be manufactured over the next 20 years. And global defense spending rose by nearly 10 percent in 2024, its fastest growth rate in nearly four decades.
At the same time, however, the sector is undergoing rapid and disruptive change across a wide range of areas. The agenda is continuously shifting based on rapidly evolving geopolitical change and technological advancements. As such, A&D leaders and defense departments will need to take a much more holistic view of their strategies to thrive in the current environment.
“The sustained growth in the aviation sector and the rising demand for aviation-related services from regional and global companies have driven us to continue expanding our infrastructure,”
— Grant McDonald, Global Sector Leader, Aerospace & Defense KPMG International
