• Analysis and Studies
• Aerospace and aircraft industry: a look at the market

The aerospace industry for a country is a major asset with great value. The origins of the industry date back to the inventors of the airplane, the Wright brothers. In 1903, they were able to create a prototype able to fully function. In the years to come, industrialization and the war economy boosted research and development in the aerospace sector. Indeed, such tools were widely used in both world wars. Especially in WWII, it became a strategic asset for armies. In the post-war period, civil aviation started. Countries and private industries have started to invest more and more in this sector. From the 1960s, technology brought less expensive machinery into the sector, and plane tickets were affordable for everyone. Nowadays, the market is dominated by a limited number of significant companies producing aircraft. Europe, Asia, and North America are home to the main manufacturers. The dominant players in the market are the American Boeing, the French Airbus, and the Chinese COMAC.

Let's look in-depth at the world’s imports and exports of aircraft, spacecraft, and parts thereof in 2020:

• The top exporters were the United States ($35.5 billion), France ($31.5 billion), Germany ($28.8 billion), the United Kingdom ($12.4 billion), and Canada ($9.85 billion).
• United States ($27.4 billion), France ($16.1 billion), Germany ($13.6 billion), China ($10.3 billion), and the United Kingdom ($8.05 billion) were major importers. 

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