Civil Aircraft to Drive Aerospace Industry

According to our new research report, "Aerospace Industry Forecast to 2013", the civil aerospace segment has been driving growth in the global aerospace industry. The segment currently accounts for an estimated 25% of the global aerospace industry. In future, this share is anticipated to increase significantly on the back of increasing air passenger traffic.
The number of air passengers world-wide has substantial increased over the last few years. For instance, more than 2 Billion people traveled by air in 2006, pushing growth in the global air travel industry. Rising number of air passenger is primarily accredited to low cost airlines, growth in the global economy creating financial resources for more and more people to fly, larger planes as well as bigger and increasing number of airports. Moreover, the demand for civil aircrafts is escalating worldwide in the backdrop of increasing air travel and business activities among countries.
The future growth in civil aircraft industry can also be analyzed with the fact that airlines worldwide will require around 30,000 civil airplanes with a total value of more than US$ 3 Trillion in the next 20 years. Majority of this demand will come from emerging markets. India one of the fastest growing market will require more than 1,000 civil aircrafts worth around US$ 105 Billion in the next 20 years. Thus, increasing demand by the emerging economies will fuel growth in the civil aircraft industry.
"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 market trends and evaluate leading-edge opportunities critical for the success of the global aerospace industry.
13/03/09 PR-USA.Net

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Categories: Foreign Mar 2009, Indian Aviation- In General Mar 2009