Noida, India (PressExposure) August 31, 2009 -- According to our latest research on global aerospace industry under the title, "Aerospace Industry Forecast to 2013", India is expected to become a hub for MRO (maintenance, repair and overhauling) facilities. Indiaâs MRO market is expected to cross the US$ 1 Billion mark by the end of 2010.
As per our research report, ever-increasing passenger traffic and fleet expansion, particularly the arrival of low-cost airlines, in the Indian aviation sector have opened up avenue whole new world of opportunities for international aircraft companies in the MRO segment. Worldâs leading aircraft manufacturers are now eyeing India to set up their MRO facilities. Airbus, Boeing and the government of Singapore are considering to set up MRO facilities in Gujarat (India). These MRO facilities are likely to be a part of Gujarat governmentâs 2,500 acre SEZ for aerospace and avionics industry.
Further, the report highlights that growing passenger traffic will boost the demand of civil aircrafts in India. Domestic passenger traffic is anticipated to surge by more than 75% to over 52 Million passengers by 2016-17 from 2007-08, while the international air passenger traffic is estimated to rise from 21 Million passengers to 33 Million passengers during the same period, equating to a rise of around 57%. With such high growth projections, India is expected to take the delivery of more than 1,000 aircrafts in coming 20 years, thereby emerging as one of the fastest growing aviation market in the world.
"Aerospace Industry Forecast to 2013" provides an exhaustive research and rational analysis on the global aerospace market. This extensive research will help clients to identify the current market trends and evaluate the leading-edge opportunities critical to the success of the global aerospace industry. This study gives an overview on 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 markets, including US, Canada, Japan, UK, France and Germany, alongwith that of the emerging markets of the Middle East (UAE, Saudi Arabia and Qatar), China, India, Mexico and Brazil.
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