PRZOOM - /newswire/ -
Delhi, New Delhi, India, 2006/08/16 - With high growth in IT and aerospace technologies India is on the edge of world aerospace. Indian aerospace firms are internationally competitive and customer oriented..
Equipped with comparative advantage of cheap and skilled engineers, India is positioned to become a key-sourcing hub for global aerospace firms. The combination of its successful information and aerospace technologies has given India an edge over its aerospace industry. India has made its place in the global aerospace industry, making them internationally competitive and customer oriented.
The country’s opportunities in aerospace industry has started off a wave of aerospace engineering and design services to be outsourced to India. These off shoring areas are control system design, embedded development, high level aeronautical system design, simulation, testing devices, cockpit equipment support software, air traffic management systems, and composite structuring.
While India is set to become a major player, USA has also joined the race in global aerospace market. USA has tied up with India’s HCL Technologies to make a base for the flight test system of the Dream liner aircraft.
A market research report namely “Global Aerospace Market Forecast (2006-2009)” by RNCOS lists the several major trends in Indian aerospace industry. It includes rapid growth in civil airlines, increase in private airlines, and predicted future growth in manufacturing especially in the private sector. In its global aerospace market forecast the report predicts that the Indian aerospace technology outsourcing market, which is currently at US $155 million will reach US $1 billion.
The report supplements with answers to questions relating to:
• The competitive market landscape in the global aerospace market
• The current status of the global aerospace market
• The position of the market after five years
• The major driving forces of the global aerospace industry
• The opportunities that exist for manufacturers in this market
• The sensitivity and success factors in aerospace industry in the world
• The different comparisons in the positions of the companies in the global aerospace market.
The market research report, “Global Aerospace Market Forecast (2006-2009)” provides an updated and detailed overview of the global aerospace market. The report would be of great help to chief information officers and other aerospace staff of the organizations, manufacturers, prospective investors, and students and academicians desiring to study the current global aerospace market.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.