NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/04/29 - Increasing defense spending, export activities, and developments in aircrafts & aircrafts parts sector, are expected to drive the Canadian aerospace market to grow at a CAGR of 6.7% during 2010-2013, says RNCOS.
According to our research report “Canadian Aerospace Industry Future Outlook”, the Canadian aerospace industry is expected to continue its impressive growth in coming years, with a major contribution from the civil aviation segment. Military applications contribute a smaller share to the country’s aerospace industry, however are very crucial to its development due to their superior competence in fighter jets and helicopter manufacturing. Based on defense spending and other factors, the study foresees some dynamic market developments in aircrafts and aircrafts parts sector, which will help market to post 6.7% CAGR growth during 2010-2013.
According to our research, the country will observe growth across all sub segments of the market, however the primary driver for the overall market will be aircraft and aircraft parts segment, which has secured double digit CAGR growth during the last decade on the back of activities from the global aerospace OEM’s and suppliers. It is anticipated that, the public spending on defense infrastructure and various other factors discussed and analyzed in the report will sustain segment’s growth during the forecast period (2010-2013).
Further, the sub-segment is quite export oriented and exports represent a dominating share of the overall industry revenue. Traditionally, the US has been the major export market, however activities from the Middle East and some Asia Pacific markets are being observed. The trend is expected to prevail in coming years as well, which will position the country as a trusted supplier of aircrafts and parts in these new exports markets.
“Canadian Aerospace Industry Future Outlook”, provides latest developments in the aerospace industry of Canada. The report analyzes market trends critical to the further growth and their impact on the aerospace industry. Additionally, the report features information/statistics on historical, current, and forecasts for all prominent market segments including, civil and military applications and product category, such as aircrafts and parts, MRO and engine and parts along with business description of key players. Most importantly, the report also provides industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Canadian aerospace industry.
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.