TechNavio today launched its report Aircraft Manufacturing Market in China 2011-2015 based on an in-depth study focusing exclusively on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The Aircraft Manufacturing market in China is expected to witness an increasing demand to replace older aircraft with new ones that are more fuel-efficient and use technologies that can adapt to stricter environments standards. Furthermore, there is an increasing focus on stringent international environment regulations involving factors such as air quality, emissions, and noise levels. Therefore, airlines will have to step up the retirement of older aircraft and modernize their fleet, technology, and infrastructure. Advanced aircraft with lower emissions and noise profiles will be able to meet the increasingly stringent environmental regulations. This will drive the market in the near future.”
According to the report, the increase in government spending on national defense propels the demand for military aircraft. In addition, the compulsory purchase of Chinese-made aircraft by the Government and airlines has a major positive impact on the Aircraft Manufacturing market in China. Moreover, the allocation of a huge budget by the Chinese Government is driving the Aircraft Manufacturing market in China.
Further, the report also discusses that one of the major challenges for this market is that the Aerospace industry is subject to rapid technological changes.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/aircraft-manufacturing-market-china-201…
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TechNavio Announces the Publication of its Report – Aircraft Manufacturing Market in China 2011-2015
