Secure your seat for the 2024 Forecast webinar

On Wednesday, February 14, 2024, at 12PM ET, hear from the editors of Aerospace Manufacturing & Design, Defense & Munitions, EV Design & Manufacturing, and Today's Medical Developments as they sit down for a roundtable discussion looking at the design and manufacture markets in 2024 and beyond. Attend this webinar to find out what challenges lay ahead as well as the opportunities.

Highlights will include:

• The global medical devices market size, valued at $597.4 billion in 2023, looks to grow at a compound annual growth rate (CAGR) of 6.2% through 2032 to reach $1.025 trillion by 2032.
• Global military spending is estimated to be $2.01 trillion in 2023 and expected to rise to $2.13 trillion in 2024, increasing at a 2.74% compound annual growth rate (CAGR). The global market for missiles and missile defense systems (MMDS) is forecast to grow from $45.3 billion in 2023 to $67.9 billion by 2033. The global rocket and missile market size is projected to grow from $57.7 billion in 2023 to $77.4 billion by 2028, at 6.1% CAGR. And this is just the start.
• In the commercial aircraft market, Airbus registered a backlog of 8,598 aircraft at the end of 2023. Airbus has never sold as many A320 single-aisle jetliners or A350 widebody aircraft in any given year.
  Boeing reported a total firm-order backlog of 5,626 aircraft, three-quarters of them single-aisle jetliners.
  Embraer’s regional jetliner firm order backlog stood at $17.8 billion at the end of 3Q 2023, the highest level in any one year. The commercial aircraft market is expected to reach $3.9 trillion through 2032.
• A record-breaking 1.2 million U.S. vehicle buyers chose to go electric in 2023. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% share of the total U.S. vehicle market in 2023, up from 5.9% in 2022. But there’s more to EV than cars and trucks – think drones, planes, bikes, and boats.