Delhi, India (PressExposure) June 22, 2009 -- According to our latest research on global aerospace industry under the title, âAerospace Industry Forecast to 2013â, replacement of aircrafts in the US and European market and increasing passenger traffic in the emerging countries will drive the aerospace industry in coming years. Overall civil aircraft industry will value more than US$ 3 Trillion in coming 20 years.
As per our research report, despite the ongoing recession faced by the world, the US and European markets will see major growth in civil aircraft segment in coming years. Replacements of airplanes will be the major driving force behind the growth of industry in developed countries. Overall aerospace industry of the US is expected to grow at a CAGR of around 5% in coming years.
Further, emerging markets are expected to see a major growth in commercial aircraft segment. China, the Middle East, India and other emerging markets will witness this growth mainly due to increasing passenger traffic. Dynamic population and growing income levels will be the leading factors behind the growth of passenger traffic in these markets. In coming two decades, the emerging Asia-Pacific region will command the largest market, both in terms of units and value, with 31% of the units and 36% of the value.
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. This study gives an overview on the various factors driving the aerospace market, together with the forces that are blocking the growth of the industry.
The research also covers detailed industry overview and future outlook of the major developed countries, including US, Canada, Japan, United Kingdom, France and Germany, alongwith that of the emerging markets, including Middle East (UAE, Saudi Arabia and Qatar), China, India, Mexico and Brazil.
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