Aerospace is the term given to the atmosphere and the space around it. When it comes to the business aspects, aerospace is an industry that is involved in design, creation, manufacture and research about vehicles that are capable of travelling in aerospace.
The term Aerospace is quite broad and has commercial, industrial as well as military applications. Most countries have an aerospace industry that is formed by the joint efforts of both the public and the private sector. The US has NASA and the ESA is present in Europe.
When it comes to the manufacturing process, you will find that this industry produces various equipments like aircrafts, missiles, engines, and other related parts. Most of these companies in the aerospace industry work for the government. When it comes to the United States, most of the aerospace equipment is used by the Department of Defense and NASA. Boeing and Lockheed Martin are some of the most prominent manufacturers in the aerospace industry in US.
There are various companies like EADS, Thales, and SaaB that manufacture aerospace products in the European Union. European Space agency is the primary consumer of these products. These companies also hold the majority of the share in the global aerospace industry.
In the last few decades, a lot of changes have taken place in the aerospace industry. There have been over 5000 acquisitions and mergers to be precise. Over the years, the technology related to aerospace has kept getting better, all these organizations are working around the world to better them further. | 
