Irving, TX (PRWEB) May 08, 2012
The United States is a global leader in the aerospace industry. The US aerospace industry, which was hit by recession in 2009, began showing signs of recovery in 2010 and is expected to reach $100 billion by 2016 with a CAGR of 6.9% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the US Aerospace and MRO Market and offers its findings in a comprehensive research report, “Opportunities in US Aerospace and MRO Market: 2011–2016.”
As detailed in the study, aerospace is a prominent driving factor in the US economy. Aerospace is not only a source of employment but revenues generated by exports support research and development activities. The industry’s ripple effects have helped other industries such as automotive. The aerospace industry has the largest trade surplus of all the US manufacturing sectors and is expected to maintain its robust export activity.
Lucintel’s research indicates that major aerospace industry markets such as the US and UK will likely reach saturation, where as demand should increase from APAC nations such as China and India. Rising fuel prices are expected to generate demand for fuel-efficient aircraft, and the commercial and general aviation segment will propel the industry. Government purchases will continue drive the defense segment.
The MRO market of the US captures approximately 45% of the world market. The efficient air transportation system in the US provides a solid market for MRO activities. Showing signs that it is recovering, the MRO market is expected to reach $20 billion by 2016.
This Lucintel research report provides insights regarding recent industry trends, and future opportunities and threats. In addition, the report addresses the market by segment, addressing civil and military aviation and MRO activities in the US.
For a detailed table of contents and pricing information on this timely and insightful report, please contact Lucintel at 972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that help you make critical decisions with greater speed, insight, and cost efficiency.