TechNavio recognizes the following companies as the key players in the Commercial Aircraft Manufacturing Market in Australia: Ferra Engineering Pvt. Ltd., Qantas Engineering & Maintenance, and Sigma Aerospace Pvt. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the demand for no-frills airlines has increased, especially in Australia. The cost-effective business model of no-frills airlines has increased the demand for new aircraft in the market. Generally, no-frills airlines fly only on short-haul routes and provide only seats as a product to passengers. This business model is highly cost effective and can capture a large share in the domestic Aviation market in Australia. These airlines generally tap passengers who either use road or rail as their main mode of transportation. The travel cost in no-frills airlines is almost the same as that in these other modes of transportation. This trend is expected to have a positive impact on the growth of the market in the future.”
According to the report, the growth in tourism is expected to boost the growth of the Commercial Aircraft market in the country. Rising domestic air passenger traffic is also expected to fuel the domestic aircraft parts manufacturing activities in the country.
Further, the report states that commercial airlines in Australia are required to rely on the import of commercial aircraft from the US and other countries. There is no company engaged in the complete manufacturing of commercial aircraft in Australia. Thus, it is a major challenge confronting the Aircraft Manufacturing market in Australia to find players for the domestic production of commercial aircraft to reduce its dependence on imports.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/commercial-aircraft-manufacturing-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Commercial Aircraft Manufacturing Market in Australia 2014-2018
