Noida, UP India (PressExposure) April 21, 2011 -- 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 US and European countries have been the dominant markets of this industry and are acting as catalyst for the overall industry growth. During tough economical conditions also, the aerospace industry has shown an upward trend in line with the strong market developments in the US, says our new research report "Aerospace Industry Forecast to 2013". Further, the global aerospace and defense market is expected to reach US$ 889 Billion by 2013, growing at a CAGR of over 5% during 2011-2013.
Our report identifies that, the US represents the biggest aerospace market. The US is followed by the EU, Canada, and Japan. However, developing nations, such as China, India, Mexico, and Brazil are expected to emerge as potential marketplaces for aerospace products in near future. In fact, with 36% of the backlog of large commercial aircraft, the Asia Pacific region is rapidly becoming the largest market for new orders.
However, for past few years, the defense segment has been dominating the global aerospace industry on account of increasing global security concerns due to the threat of terrorist attacks, regional political issues, and huge expenditure by the government towards the defense segment. However, now, the civil aerospace has gained the kinetic energy and is posting higher growth than military aerospace.
"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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