NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/06/09 - Recovering economy along with increasing delivery of civil aircrafts and components will enable aerospace industry to achieve 4.7% CAGR during 2010-2013, says RNCOS.
According to our latest research offering “Aerospace Industry Forecast to 2013”, the US and European countries have been the prominent markets acting as catalyst for the growth of the global aerospace industry for the past few years. Despite tough phase of economic recession, the aerospace industry has shown uptrend in line with strong market developments in the US. Significant increase in military budget and growth in air traffic have provided the necessary impetus to the industry in tough times. It is anticipated that in coming years also, the country will sustain its market leadership with a healthy CAGR of 4.7% through 2013.
Our research reveals that civil aircraft segment currently dominates the aerospace industry in the US. The segment accounts for around 40% of the total industry sales, followed by military aircraft segment at 27%. Not only in domestic market, the civil aircraft segment has become a dominant participant for the industry’s export matrix also. Looking beyond 2009, the segment will continue to follow the upward growth trajectory for at least next three to four years amid growing demand from Asia-Pacific and Middle Eastern countries.
Apart from the US, various other markets, including Canada, UK, France, Germany, China, etc., have also shown tremendous industry developments over the past few years. Intense efforts by the industry and governments to address long-term competitive issues through the aerospace innovation programs and international collaborations have started paying dividends in these emerging markets. We anticipate that in coming years also, the markets will continue to post encouraging growth results on the back of concrete market fundamentals discussed and evaluated thoroughly in the report.
“Aerospace Industry Forecast to 2013” is an outcome of our extensive research and thorough analysis on the aerospace industry and its components at both global and regional levels. The report discusses the market structure, current and past market performance and factors critical to the success of the concerned industry. Current market developments and forecasts for all prominent countries have been covered in the report. We have also identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.