India & China Providing Escape Velocity to Global Aerospace Industry

The global aerospace industry is flying high. As per the RNCOS report, the industry will witness concrete growth in future led by increased demand from the prospering Asia-Pacific economies (India and China).
RNCOS, the leading research firm, has recently released its market research report “Global Aerospace Market Analysis” to discuss the growing global aerospace industry. The focus of this report is on the emerging Asia-Pacific market and the global aerospace industry, which is defined as the shipment of aircraft, engines, parts etc.
According to the report, the US continued to be the biggest market for aerospace manufacturing during 2006, experiencing an impressive growth rate of 8%. The growth momentum is likely to continue in 2007 with an anticipated growth of around 6%.The upward movement is mainly led by augmented delivery of commercial aircraft, engines and parts.
On the other hand, as the report predicts, a big proportion of the demand will stem from the Asia- Pacific region. Don Birch, President and CEO of Abacus International, said that shifting airline models including the advent of low cost carriers, the thriving markets of China and India assisted by a stronger Vietnam have led to record investment levels in the airports, aircrafts, in a statement published by Express Travel World on October 14, 2007.
A Senior Research Analyst at RNCOS agrees that growth will be particularly led by the burgeoning low cost economies of China and India that will propel the worldwide aerospace industry.
13/12/07 PRMinds (press release), France

To Read the News in full at Source, Click the Headline

Categories: Foreign Dec 2007, General Aviation Dec 2007