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. During tough
economical conditions also, the aerospace industry has shown an upward
trend in line with the strong market developments in the US, says our
new research report “Aerospace Industry Forecast to 2013”. Further, the
global aerospace and defense market is expected to reach US$ 889 Billion
by 2013, growing at a CAGR of over 5% during 2011-2013.
Our report identifies that, the US represents the
biggest aerospace market. The US is followed by the EU, Canada, and
Japan. However, developing nations, such as China, India, Mexico, and
Brazil are expected to emerge as potential marketplaces for aerospace
products in near future. In fact, with 36% of the backlog of large
commercial aircraft, the Asia Pacific region is rapidly becoming the
largest market for new orders.
However, for past few years, the
defense segment has been dominating the global aerospace industry on
account of increasing global security concerns due to the threat of
terrorist attacks, regional political issues, and huge expenditure by
the government towards the defense segment. However, now, the civil
aerospace has gained the kinetic energy and is posting higher growth
than military aerospace.
“Aerospace Industry Forecast to 2013”
also provides information of the key competitors in the market along
with their business information and areas of expertise. The report shows
a highly concentrated structure of the market, with the top players
dominating the market. It provides segment level analysis of the
industry along with emerging trends that may shape up with the
betterment of economic conditions. The research will help consultants,
industry analysts, and vendors to get an in-depth knowledge of the
current, past, and future performance of the industry. The report
provides an extensive research on the recent trends of the aerospace
industry trends to provide cutting edge market intelligence.
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