Delhi, India (PressExposure) February 09, 2009 -- A new market research report, âAerospace Industry Forecast to 2013â, recently released by RNCOS says that the aerospace industry in China is flying high despite the ongoing financial crisis, thanks to the Increasing passenger traffic and strong government support.
Recent years have witnessed a substantial increase in the number of air passengers in China. In 2007, China's air passenger traffic soared to 388 Million passenger trips, up 16.80% from the last year. International passenger traffic surged by 17.50% to over 38 Million, while trips on domestic flights jumped by 16.7% to 349 Million. International journeys have become more attractive for Chinese travelers because of Yuan appreciation.
So the country has constructed many new airports and started large-scale operations, and in the process, its air passenger transport network structure has changed dramatically.
The spectacular growth in air travel has fueled a similar boom in civil aircraft sector, with around 4,000 new airplanes will be bought by the China in coming 20 years.
According to the report, the government of China is also seriously supporting its aerospace industry. As part of its efforts, the government organized an âAerospace Trade Showâ in November 2008 to promote its growing aviation and aerospace industry. Roughly US$ 4 Billion deals involving 102 aircraft were signed during the six-day event attended by representatives of 600 aviation companies from 35 countries.
âAerospace Industry Forecast to 2013â provides an exhaustive research and rational analysis on the global aerospace market. This extensive research will help the clients to identify market trends and evaluate the leading-edge opportunities critical to the success of the global aerospace industry. It gives an overview on the various factors driving the aerospace market, together with the forces that are blocking the growth of the industry.
The RNCOS research covers detailed overview and future prospects of the major developed countries, like the US, Canada, Japan, the UK, France and Germany, together with that on the emerging countries like China, India, Mexico and Brazil.
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