TechNavio recognizes the following companies as the key players in the Commercial Aircraft Market in Indonesia: GMF Aero Asia, PT. Dirgantara Indonesia, PT. Indopelita Aircraft Services, and PT. Nusantara Turbin dan Propulsi
Commenting on the report, an analyst from TechNavio’s team said: “Currently, PT. Digantara Indonesia is the only aircraft manufacturer in Indonesia. It is primarily incorporated to manufacture military and navy aircrafts. This entity was incorporated by the Government as an initiative for making the economy robust and manufacturing oriented. However, with the increase in domestic demand for air travel and considering the expansion plans of airline companies, PT. Dirgantara Indonesia has also started manufacturing commercial aircraft. PT. Dirgantara has initiated a project with Lion Air, a leading private airline company, to manufacture four units of commercial N219 aircraft by 2016. The capacity will be gradually enhanced over the coming years and this trend is expected to continue in commensuration with the increase in demand for air travel and the opening up of new air routes.”
According to the report, one of the major drivers in this market is the increase in demand among the burgeoning Middle Class Population segment. The growing middle class in the developing nations increasingly prefer to travel by air, owing to their increase in disposable income. This has urged the airline companies to purchase more commercial aircrafts to match up with the growing demand.
Further, the report states that one of the main challenges in this market is the weak Indonesian economy and low forex rate. Although the Indonesian economy is growing rapidly among its other peer countries such as India and Bangladesh, the country is suffering from lack of resources. Due to this, either most of the processes are outsourced or the resources are hired from overseas at higher costs. This results in a sluggish growth for the Commercial Aircraft market in Indonesia.
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-market-in-indonesia-…
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 Market in Indonesia 2014-2018
