The aviation and aerospace industry is concerned with the design, development, and production of aircraft components, spacecraft, and related systems. This industry is high-tech and engaged in research and development of innovative solutions for aviation and space exploration. Major activities include the production of components for commercial aircraft, military aircraft, helicopters, satellites, rockets and drones.

The aviation and aerospace industry requires rigorous safety standards and high precision engineering. Companies are also dedicated to advanced technologies such as aircraft propulsion, lightweight materials, avionics, satellite navigation, and space research.