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.
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