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Opportunities in the US Aerospace and MRO Market: 2011-2016
Lucintel, Oct 2011, Pages: 86
Aerospace is one of the most significant manufacturing industries in the US and is a major contributor to the nation’s economy. In 2005 the total aircraft consumption in the US was US$ 70.7 billion, consumption declined by 0.5% from 2005 to 2010. The aerospace industry (and its ancillary businesses) provides jobs to more than 10 million Americans, which is more than any sector. During these years, the US aerospace industry has emerged as the most competitive sector worldwide.
According to Lucintel’s report “Opportunities in the US Aerospace and MRO Market: 2011– 2016,” in 2010, total aircraft consumption in the US valued at US$ 69billion. The market is expected to grow to US $ 100 billion in 2016 with 6.9% CAGR over the next five years. The MRO segment in the US also captures a significant market share of the global MRO market and accounted approximately 45% of the total world’s MRO market in 2010.In 2010, total US aerospace MRO market was valued at approximately $16.6 billion. The market is expected to grow to US$ 23.3 billion with a 3.8% CAGR over the next five years.
Commercial, general aviation, helicopter, defense, and space are prominent segments of the aerospace industry. The US aerospace industry’s major drivers include demand for fuel-efficient aircraft especially in the commercial segment, the aging fleet of regional jet fleet, and Boeing’s new B787, which is expected to create demand in the commercial segment, increasing demand for air travel, and demand from Asian countries such as India and China.
This report takes an extensive look at recent industry trends, as well as future opportunities and threats, and is an invaluable aid to professionals in the industry or those or interested in it. The report provides the reader with a detailed market analysis, addressing sector sizes and trends, market structures, and market share for key companies.
This unique report from Lucintel provides the valuable information, insights, and tools needed to identify new growth opportunities and operate successfully in this market. This report is estimated to save hundreds of hours of your personal research time and it is anticipated to significantly help in expanding your business in this market. In today’s unstable economy, you need every advantage to keep you ahead in your business.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “Opportunities in US Aerospace and MRO Market 2011-2016” include these:
- Market size estimates in terms of dollar value and number of units delivered in various market segments of the aerospace industry - US Aerospace industry background and characteristics - Key drivers of aerospace industry and impact analysis - US MRO market trend( 2005 - Porter’s Five Forces analysis - Growth trends for last five years and forecasts for next five shipment and units delivered for the total aerospace market and also for various industry segments - Growth opportunities in US
Benefits of Lucintel Report:
Lucintel’s core competency is in market research and management consulting. In last 12 years, Lucintel has worked on hundreds of market research studies. Lucintel’s market reports offer the following benefits:
- It saves your money, as compared to doing research in-house. ($50,000+) - It saves your time. Lucintel delivers the report in hours vs. months of in-house data collection and report writing. - It is an unbiased source of industry facts, intelligence and insights. - It helps your make confident business decisions quickly.
Who Can Benefits From This Report
This study is intended for material suppliers, parts fabricators, OEMs, investors, executives and consultants. This multi-client market study from Lucintel is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons as follows.
- Business development - Strategic planning - Business presentation - Determination of market size and trend - Competitive analysis - Personnel training - Budgeting - Investment Decision
Lucintel has closely tracked and conducted research on composites and other markets since 1998.This research project was designed for the purposes of determining the OEMs, Tier 1 and Tier 2 players as they are expected to identify the opportunity in different segments of US aerospace industry and the likely demand for aerospace components in near future.
Comprehensive market analysis, trend, and forecast data is estimated to help make any investment, business or strategic decisions.
This study is a culmination of eight months of full-time effort performed by Lucintel’s analyst team.
Our analysts used the following sources for the creation and completion of this valuable report: - In-depth secondary research and telephone interviews with more35 major OEMs, and Tier 1 and Tier 2 suppliers - In-depth research on more than 30 companies involved in the aerospace market - Thorough secondary research from financial statements and annual reports of the competitors · Extensive search of current published literature, market and database information, including industry news, company press releases, and customer intentions - A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked composites and aerospace market over the years
Lucintel collects a significant amount of uninterpreted data from a variety of sources and converts this into intelligent data as follows. The intelligent data is used by our clients for making confident business decisions.
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