Growing Air Travel to Raise the Demand for Civil Aircrafts

According to our research report “Aerospace Industry Forecast to 2013”, 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 demand for civil aircrafts is growing with the rising number of air travelers and frequency of flights. Moreover, innovation and technology advancement has supported the growth in air travel sector. Internet booking is just one example of technology usage in the air travel sector. By providing greater price transparency to consumers, the online booking facility has exposed the traditional differential pricing of established airlines.

As per our findings, the US and European countries have been the dominant markets of the civil aircrafts industry and are acting as catalyst for the overall industry growth. During tough economical conditions also, the global aerospace industry showed an upward trend in line with the strong market developments in the US. Further, the global aerospace and defense market is anticipated to grow at a CAGR of over 5% during 2011-2013.

Besides, the primary driver for the overall global aerospace 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).

Our report “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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