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North America Diminishing in Importance for the Global Fixed-wing Military Aircraft Market Notes Frost & Sullivan - Decreasing demand in the US coupled with improving economies in Asia-Pacific shift the balance in favor of new markets
North America Diminishing in Importance for the Global Fixed-wing Military Aircraft Market Notes Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2013/07/24 - Decreasing demand in the US coupled with improving economies in Asia-Pacific shift the balance in favor of new markets.

   
 
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Budgetary pressures in North America and Europe are significantly affecting both new aircraft production numbers and delivery revenue on a global basis. Asia-Pacific and other regions provide some lift to the market, but it is small at this point.

Frost & Sullivan's recent Aerospace and Defense (defense.frost.com) research finds that the global market for military fixed-wing aircraft earned revenues of $77.29 billion in 2012 and estimates this to decrease to $65.67 billion in 2017.

View the video on Frost & Sullivan's Global Fixed-wing Military Aircraft analysis and gain access to the online community.

If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

North America, the mainstay of military fixed-wing procurement, will have minimal growth throughout the forecast period. Europe has already reduced procurement and will remain at replacement spending levels.

"North America is declining in all categories, except new aircraft purchases," noted Aerospace & Defense Industry Manager Wayne Plucker. "Europe, on the other hand, will experience moderate growth in both MRO and modifications, but declines in new purchases."

Asia-Pacific will experience growth in MRO and new aircraft procurement. Largely insulated from the economic malaise that has impacted North America and Europe, Asia-Pacific economies are growing. Increasing budgets are driving both new aircraft purchases and modification plans. The Rest-of-World segment will experience the best overall growth, again driven by strong purchase and modification plans.

"The competitive environment is expanding as more non-western competitors enter the market," said Plucker. "The western suppliers still dominate the market, but are increasingly engaged in joint ventures and teams to gain a competitive advantage and minimize risk."

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North America Diminishing in Importance for the Global Fixed-wing Military Aircraft Market Notes Frost & Sullivan

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Frost & Sullivan | Military Aircraft
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