Aerospace industry is subjected to stringent regulatory guidelines as air-safety is paramount. Global regulatory bodies such as European Aviation Safety Agency (EASA) makes the regulatory framework in this regard. EASA emphasizes on certification of all stake holders. Recently, EASA suspends certification of GMR Aero Technic, which provides maintenance overhaul services for aircraft. The regulatory body did not specify the proper reason for suspension, but said that re-approval would depend on progress made

The article cited AMA's "Global Aerospace Engineering Market Study" explored substantial growth in North America and CAGR of 4.2%. According to the report, Introduction of Lightweight Aircraft Components is one of the primary growth factors for the market. Increasing Air Traffic Owing to Influx in Air Passenger is also expected to contribute significantly to the Aerospace Engineering market growth. Overall, Aircraft Manufacturing applications of Aerospace Engineering, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Aerospace Engineering market identified that the demand is rising in many different parts of the world as "Product Up-gradation and Technological Innovation ". Furthermore, some recent industry insights like "Key players and research institutes are focusing on developing hybrid-electric aircraft. Of late, in November 2018, University of Illinois aerospace engineers are testing a more sustainable alternative to fossil fuels to power airplanes." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Aerospace Engineering market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Aerospace Engineering market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Aerospace Engineering Market Study

Data Triangulation
The overall Aerospace Engineering market size is calculated using market estimation process, the Aerospace Engineering market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Aerospace Engineering market size has been validated using both top-down and bottom-up approaches.