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(Transportation-News.com, January 07, 2017 ) The global Aerospace & Defense industry has experienced rapid transformation in the last few months. Following a steep decline in the orders and backlogs in the year 2008 and 2009, aircraft manufacturing companies are witnessing phenomenal growth in the near future. This strong recovery is majorly driven by the commercial aviation segment as global passenger traffic is rising rapidly by 10% - 12% every year. Also contributing to the aviation industry’s growth are the overall improvement of the global economy, the entry of low-cost carriers and rising demand of aircrafts from developing economies especially India and China.
The two major players have already increased their production plans: Airbus increased the rate to 36 per month of its plane A320 by the end of 2010 and expected to reach 46 per month by 2015. Boeing is also ramping up its manufacturing rate of its plane 737 to 42 per month by 2015 and in future it is expected to reach higher. Airbus and Boeing continues to dominate the commercial aircraft market whereas bombardier and embraer dominates the smaller aircraft segments which include business and regional jets.
However, inspite of the high manufacturing rate, aviation fuel prices still remain a major concern and is hampering the industry growth. In the year 2011, International Air Transport Association (IATA) has lower down its forecast for airline industry profits from USD 9.10 billion to USD 8.60 billion due to the increase in crude oil prices.
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Global economic recovery has created the demand for oil across the globe thereby creating huge pressure on energy prices. Further, the political turmoil in the Middle East has also added to the surge in oil prices. In terms of geography, Latin American, Asia Pacific and African airlines are benefiting from the strong economic growth and are experiencing substantial gains in the traffic. For manufacturers, Asia Pacific is the largest source of order backlog. Weak domestic markets of Europe are affecting the airlines, although outbound freight business travel and look positive.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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