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Global Aerospace Sector and Future Prospects
AM Mind Power Solutions, Feb 2010, Pages: 42
The present report on aerospace has covered global market size and developments, wherein discussed growth rates, demand by segment/ geographical regions and civil aerospace sector outlook.
The present report on aerospace has covered global market size and developments, wherein discussed growth rates, demand by segment/ geographical regions and civil aerospace sector outlook. The next section of the report focuses on United States, aerospace industry by customers and product groups. Civil aircraft market in US gives an overview of opportunities exists in the market. European Union also contribute a strong part in the global aerospace industry growth, the report identifies the structure of the industry and market size.
The report also discusses opportunities in South Korean aerospace industry. In Asia, China has a great potential in the market and further Indian low cost airlines offering players to participate actively. Here the publisher has mentioned industry trends which are changing rapidly and gives understanding of market demand.
Further, industry outlook section helps to predict the future of the aerospace in global level and provide better understanding of present situation and growth in near future. Players profiling and recent financials makes out a better understanding of the market.
The global aerospace sector widely comprises of military and civil aircrafts where demand depends upon the economy of the country. In recent years some regions despite having large traffic volumes are growing comparatively slowly despite observing airline participants on a rise, new markets been discovered and new passenger service concepts being introduced. Air traffic in Asia Pacific is large and growing rapidly offering ample opportunities for the new payers. It accounts for ~% of the travel and is expected to grow in the coming years. Fuel price, labor costs and traffic are some of the factors which affect the regional jet markets.
The slowdown in world trade has depressed both passenger travel and air cargo traffic. As the world economy recovers, the region's airlines will return to their long-term growth trend. The poor passenger demand has affected the airline profits in 2009, especially in premium segments of the market.
United States
The civil aerospace sector is expected to grow by nearly US$~ billion, registering a marginal growth in 2009. The aftermarket service has also been affected because of the downturn observed in the sector. However the positive growth from the large commercial jetliners is likely to result in net positive trend for civil aerospace. Sale of Military aircrafts is also one segment which experienced year over year growth of more than ~% and reached US$~ billion in 2009.
Aerospace sector slowed down in 2008 and continued in 2009. In total US trade of aerospace products generated a net inflow of US$~ billion, resulting in a surplus of 6% lower than the surplus generated in 2008.
European Union
The civil aircraft is the biggest segment of the European aerospace industry accounting for highest turnover around US$~ billion annually alone. In terms of export, the EU is the largest market for the United States aerospace industry; while Japan accounted for the largest single country export market for the U.S. in 2007. Subsequently, The EU’s three largest aerospace markets were France, United Kingdom and Germany. UK aerospace industry is the third largest after France and Germany accounted for US$~ billion exports in 2007. In 2008, despite the economic slowdown, Europe’s aerospace and defence industries managed to improve their overall performance.
In 2008, civil markets accounted for ~% of the turnover of the European aeronautical industry, up from ~% in 2007 and ~% of the civil turnover was generated by exports.
Canada
Canada is a strong market for maintenance, repair and overhaul (MRO) of aircraft and aircraft systems and components. The strong market for MRO in Canada has been attracting customers from United States, Europe, South America and Asia.
China
China’s rapidly expanding aviation industry presents many opportunities for U.S. exporters, particularly in the market for imported aircraft parts. China’s demand for aircraft parts can be attributed to a number of factors pertaining to the age and expansion of China’s aircraft fleet, domestic production and assembly of aircraft.
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