TechNavio today launched its report Global Aerospace and Defense Market 2011-2015 based on an in-depth study covering the US, and Europe and Rest of the World regions. 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 Civil Aviation industry in the US has recorded significant growth over the past few years. The Aerospace industry in the US has emerged as an industry with high potential across the world, despite the negative impact of the global financial crisis. The Aerospace industry in the US is showing an uptrend in line with strong market developments. It is expected that the US will buy a huge amount of airplanes by 2028. It is also expected that the world’s airlines will take delivery of massive commercial aircraft by the end of 2029. Hence, the growth of the Aerospace industry in the US is helping companies to increase the demand for their products in this market.”
According to the report, the increase in defense spending is one of the major factors driving the growth of the Global Aerospace and Defense market. Governments in countries such as China, India, Brazil, Saudi Arabia, Russia, the United Arab Emirates, South Korea, and Spain are expected to increase their defense budget to double digits by 2015. Hence, the allocation of a huge budget by various governments across the world is driving the Global Aerospace and Defense market.
Further, the report also discusses that one of the main challenges for aerospace and defense vendors is the rapid evolution of new technologies.
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. For further information on this report, please visit http://goo.gl/UTt3i
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Automotive, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Report – Global Aerospace and Defense Market 2011-2015
