The Global Aerospace Industry has been in the grip of rapid and unprecedented changes owing to a number of factors. The civil aviation has been at the heart of major large-scale consolidation, government’s frantic attempts at liberalization, and privatization. These developments have transformed relationships between air framers and the players in the airlines services.
Massive increase in defense expenditure in the wake of the gulf war and the US war on terrorism has been the saving grace. In the current scenario, the civil aviation sector is also fast catching up to bring itself to the same footing as the defense sector.
The US is the world leader and the top-notch performer contributing the largest slice of the market pie, approximately at 40%. It is expected that in the coming years, the competition will be concentrated in the Asia Pacific region, especially China.
RNCOS’ research report, “Global Aerospace Market Forecast (2006-2009)”, points out that in 2005,the Global Aerospace industry achieved the size of US $ 1,330 billion at a CAGR 4.5%. Sales in the defense segment constituted 86.5% share of the total Global Aerospace Industry & the remaining 14% was civil aviation in the year 2005.
Analysts expect that in the coming years, owing to the overall increase in the global economy, opportunities in the Aerospace Industry will increase manifold. By 2009, the Global Aerospace market is predicted to have attained a value of $1,380 billion.
This seeks answers to specific industry related questions, like:
• What competitive is the market landscape of the Global Aerospace Market?
• What is the current status of Global Aerospace market?
• What are the sensitivity & Success actors in the Global Aerospace Industry?
• How do different companies compare their position in Global Aerospace market?
• What are the opportunities in the Global Aerospace Industry?
It provides worthwhile information, for all those interested in the industry dynamics of the Global Aerospace industry.
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