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Opportunities in UK Aerospace and MRO Market: 2011-2016
Lucintel, Oct 2010, Pages: 95
The UK aerospace industry, which has experienced significant growth over the last five years, is expected to continue that momentum and reach US $50 billion by 2016with a CAGR of 6.8% over the next five years.
As described in the report, increasing passenger air travel and the continued development of new programs such as Airbus A380, Boeing 787 Dreamliner, Eurofighter Typhoon, F-35 Lightning III, and the Bombardier C series are expected to support steady growth. The major drivers for the defense sector are tied to budgetary increases, resulting in an increased level of defense aircraft procurement.
Lucintel’s research indicates that growth in global fleet size, increasing penetration of composites in aero structures, and an increase in air traffic are the key drivers for Maintenance, Repair, and Overhaul (MRO) activity in the UK. The use of composite materials is expanding in aero structures and other components on various platforms, including the Boeing 787 and Airbus 380, creating new and future opportunities in the MRO market.
The major challenges faced by the UK aerospace and defense industry include the shortage of skilled workers, incorporation of new technologies to meet the global demand, and the presence of MRO hubs in countries such as China and Singapore.
In the UK, the defense market captures the highest value and the commercial aircraft market is second,followed by the business jet market.
This Lucintel research report provides insights regarding recent industry trends, as well as future opportunities and threats. In addition, the report addresses the market by segment, addressing civil and military aviation as well as MRO and offset activities in the UK.
This unique report from Lucintel provides valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report can save hundreds of hours of research time and can significantly benefit you in expanding your business in this market. In today’s turbulent economy, you need every advantage that you can find to keep ahead in your business.
Features of This Report:
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with this market.
Some of the features of “Opportunities in UK Aerospace and MRO Market: 2011–2016” are as follows:
- UK Aerospace market in terms of ($) value and number of units delivered in various segments.
- Competitive analysis: market shares of the industry leaders in various segments of the aerospace market.
- Market segment: market share of the industry by aircraft and by segment
- MRO market: trend (2005–2010) and forecast (2011–2016) for UK Aerospace MRO market
- Growth trends for last five years (2005–2010) and forecasts for next five years (2011–2016) in terms of dollar shipment and units delivered for the total aerospace market and for various industry segments.
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
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