PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2011/01/06 - Growth in defense spending and increasing demand in major exports markets will enable market segment to achieve 6.7% CAGR growth by 2013, says RNCOS.
According to our latest research offering “Canadian Aerospace Industry Future Outlook”, the Canadian aerospace industry has witnessed an impressive growth during the past few years, with major contribution from the civil aviation segment. Military applications although constitute small share in the aerospace industry, Canada’s competency in fighter jets and helicopters makes it a favorable destination for military application manufacturing hub and export base. Based on defense spending and other factors, the study foresees some dynamic market developments in aircrafts and aircrafts parts sector, which will help market to post 6.7% CAGR growth during 2010-2013.
The research identified that Aircraft and aircraft parts market has been one of the fastest growing sub-segments in the aerospace industry during the last decade. During past decade, the segment has secured double digit CAGR growth and emerged as one of the most lucrative business area for global aerospace OEM’s and suppliers. It is anticipated that public spending on defense infrastructure developments and various other factors discussed and analyzed in the report will sustain segment’s growth during the forecast period (2010-2013).
Further, the sub-segment is quite export oriented and exports represent a dominating share of the overall industry revenue. Traditionally, the US has been the major export market for Canadian manufacturers, but now Middle East and some Asia Pacific markets are showing increasing interests in Canada made aircrafts and aircrafts parts. The trend is expected to prevail in coming years as well, which will position the country as a trusted supplier of aircrafts and parts in these new exports markets.
Our report “Canadian Aerospace Industry Future Outlook”, has been authored to evaluate current market status and future growth potentials of the Canadian aerospace industry. It provides information/statistics on historical, current, and forecasts for all prominent market segments including, civil and military applications and product category such as, aircrafts and parts, MRO and engine and parts. Most importantly, the report also provides industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Canadian aerospace industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.