NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2008/07/03 - The global aerospace industry will be boosted by low cost economies in Asia-Pacific, such as India and China, as they provide affordability in initial and operating costs.
According to a new research report, “Global Aerospace Market Analysis”, by RNCOS, Asia-Pacific is likely to emerge as the new force that will drive the global aerospace industry, mainly because of the fast emerging economies such as India and China.
The current trends indicate that manufacturers will focus on the needs of low cost carriers recognizing that the low cost economies such as India and China will be the biggest booster to the industry as they provide affordability in initial and operating costs, which is considered a major success factor for aerospace players, says the report. At macro-level, the next generation of the global aerospace industry is likely to be driven by low cost economies. Hence, as these economies will drive the global aerospace industry, the business environment is anticipated to remain competitive; as a result, the manufacturers in the developed economies need to chart out new business strategies, like cost reductions.
The RNCOS report further says that to achieve the low cost standards, the aerospace manufacturers are working hard to upgrade operations by taking initiatives such as outsourcing the services, cutting alliances and pouring investments into improvement programs. Consequently, leading players of the industry have also joined the league directing huge investment in emerging countries to benefits from the low production bases.
Apart from this, “Global Aerospace Market Analysis” focuses on the global aerospace industry that is defined as the shipment of aircrafts, engines, parts etc. It gives in-depth and comprehensive information on the marketplace for global aerospace industry. It takes into account the current market trends, evolving technologies and growth prospects of the aerospace industry worldwide, and helps clients to identify the leading-edge opportunities critical for the success of the aerospace industry at the global level. Detailed data, coupled with critical analysis, given in the report helps potential investors to easily navigate through the evolving aerospace market. It also provides forecast based on the study of market trends, drivers, barriers and business development issues.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.