Irving, TX (PRWEB) June 12, 2012
The aerospace industry in the People’s Republic of China has experienced steady growth over the last five years. It is expected to reach approximately US $102,549 million in revenue in 2017, with a CAGR of 19% over the next five years. All industry segments are expected to witness double-digit revenue increases throughout the forecast period of 2101-2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the Chinese aerospace marketand presents its findings in “Chinese Aerospace Market Supply Chain and Opportunities: 2012-2017.”
As indicated by Lucintel’s research,the Chinese aerospace industry faces tough competition from Russia and India; however,increasing passenger traffic, China’s thriving economy, and strong government support will continue to drivegrowth in the Chinese aerospace industry.The development and production ofindigenous programs such as the C919, ARJ21, and MA700 will help fueladditional market growth. China’s commercial aircraft sector is anticipated to be the top revenue producer, while the civil helicopter market is anticipated to have the highest rate of growth during 2012-2017.
The Chinese aerospace supply chain market is poised for robust growth by means of joint ventures (JV), foreign investment, and various initiatives by the Chinese government. In recent years,theaerospace supply chain witnessed various developments in terms of increasing foreign investments, civil aircraft advances, andthe increasing involvement of Chinese suppliers in theindustry supply chain. Low labor costs create JV and partnership opportunities for Chinese aerospace supply chain players with global aerospace majors such as Boeing, Airbus, and Eurocopter for various systems and subsystems manufacturing. China buildsits defense aircraft indigenously using its own manufacturing base.
Lucintel’s report, which provides trend scenarios and forecast statistics for 2012 through 2017, details the industry’s drivers and challenges;discusses market opportunities at OEM, Tier 1, and Tier 2 levels; provides supply chain analysis; explores JV/partnership opportunities in theaerospace supply chain; and discusses demand and supply scenarios inChina’s aerospace industry. The report also evaluates China’s aerospace supply chain through SWOT and PEST analyses and more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.