Aerospace is resilient.
RNCOS 12—RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. (1/31/12, “US Leads Global Aerospace and Aviation Industry”)
According to our research report, “Aerospace Industry Forecast to 2013”, global aerospace industry has witnessed an impressive growth over the past few years, with civil aviation segment emerging as the major contributor. Increase in air traffic and considerable increase in military budget have provided the much required impetus to the industry. The US represents the biggest aerospace market and is anticipated to grow at a CAGR of around 3.2% during 2011-2013.
The US is the leader of aerospace and aviation industry as it is both the largest producer and marketplace for the industry. As per our findings, civil aircrafts account for a major share in the US aerospace market. Civil aircraft sales were mainly driven by the sales of large commercial jetliners in the past. Moreover, the positive growth expected from the market for large jetliners is likely to boost the civil aerospace market in the coming years.
Besides, the report covers the other major aerospace markets including both developed and emerging markets. The countries covered in the developed markets include, the US, Canada, UK, and many others, while the emerging markets are comprised of countries like the Middle East, China, India, and various others. Besides, overall growth in the global aerospace market is mainly driven by aircraft and aircraft part segments. These segments have witnessed a double digit growth during the last decade. Our report also contains information about the various M&A activities in the global aerospace industry.