NewswireTODAY - /newswire/ - Noida, Uttar Pradesh, India, 2010/12/12 - The global aerospace and defense market is forecasted to register CAGR of over 5% during 2011-2013, RNCOS acknowledged.

The global aerospace industry has witnessed an impressive growth during the past few years, with civil aviation segment emerging as the major contributor towards the growth of the industry. The US and European countries have been the dominant markets of this industry and are acting as catalyst for the overall industry growth. According to our new research report “Aerospace Industry Forecast to 2013”, the global aerospace and defense market is forecasted to register CAGR of over 5% during 2011-2013. Continuous increase in military budget spending worldwide and increasing demand for civil aircrafts from emerging countries will primarily contribute to the future market developments of the aerospace industry.

At the regional forefront, our research reveals that the US remained the largest aerospace manufacturer, despite the financial crisis in 2009 and is expected to retain its position in 2010 as well followed by the EU and Canada. However, in terms of future growth potentials, countries of the Asia-Pacific region such as, China and India have emerged as the most promising countries. Our research report presents an analysis on the developed markets and emerging markets (segment wise) of the aerospace industry. It has also analyzed the future performance of developed markets.

Furthermore, we have found that with the growing aerospace industry, the MRO industry has emerged as one of the most potential growth areas. Our study has examined the global MRO market at both segment level and regional level along with the future outlook of the market. We have also found that innovation and technology advancements are the main potential growth factors of the aerospace industry in future. Internet booking is just one example of technology used in the aerospace sector.

Our report provides an extensive research and objective analysis of the global aerospace market and its various segments, including civil aviation and defense. It investigates both past and current trends of the aerospace market and outlines future trends to provide cutting edge market intelligence. The report has identified key players of the industry and briefly studied the competitive landscape. The report also provides unbiased SWOT analysis of key player.

Report/IM176

About RNCOS
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.

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