Stable Outlook for the Commercial Aviation Sector Drives the Aerospace & Defense Industry, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) August 11, 2014 -- Follow us on LinkedIn – Global Aerospace and Defense industry primarily comprises of companies, both large and small engaged in the production of a range of aircraft products and services, flight simulation systems and aircraft MRO services, serving both military and defense segments. The industry also encompasses pure defense related equipment such as missiles, C4ISR and related solutions; space equipment such as launch vehicles and satellites; GPS among others. The industry, which witnessed significant growth over the last 15 years, continues to evolve with the development of several new advanced technologies serving both aviation and defense sectors. Backed by a strong research and development base, the industry is poised to lend a significant boost to the development of new advanced commercial/military aviation products and defense/military equipment and services in the coming years. The aerospace and defense (A&D) industry is sensitive to a broad range of technological, political, social, and economic factors. While political factors revolve around regulations, trade/tariff/tax policies, economic factors encompass rate of GDP growth, level of inflation, debt/interest rates and health of the commercial aviation sector.
Growth in the global aerospace & defense industry declined during the 2007-2009 economic recession period. Aircraft products and services serving the commercial aviation market came under direct pressure due to weak economic growth, and reductions in cargo and passenger traffic. Defense/military products and services such as aircraft, missiles, C4ISR related solutions, on the other hand, fared better given the relatively unchanged military and defense budgets. Stable medium and long-term growth forecast for the commercial aviation sector supported by rise in passenger/freight traffic, investments on new aircraft by airlines, and airport infrastructure development, will drive significant demand for a range of commercial aircraft products and services in the coming years. While defense spending in the United States and Western European countries continues to reduce, the same in developing markets are growing by a huge margin, thus promising to lend growth traction to defense/military products and services.
The industry is undergoing rapid transformation triggered by technological developments, new product launches and new application possibilities. In addition, factors such as competition, government support, and global security scenario are likely to have a decisive influence on growth. Powered by their impressive economic growth, emerging economies in Asia-Pacific will turbocharge future growth in the industry.
As stated by the new market research report on Aerospace & Defense, the United States represents the largest market worldwide, while Asia-Pacific ranks as the fastest growing market with a CAGR of 8.4% over the analysis period. Growth in the region is led by massive defense spending in China and India. Aircraft Products & Services represents the largest market segment. Space Equipment ranks as the fastest growing market driven by growing investments on satellite network expansions by developing countries, expanding applications of communications satellites, and growing prominence of micro-satellites.
Major players covered in the report include Arianespace SA, ATR, B/E Aerospace Inc, BAE Systems Plc, Bell Helicopter, Textron Inc, Bombardier Inc, Cessna Aircraft Company, CFM International Inc., Airbus Group, Embraer SA, Finmeccanica S.p.A., GE Aviation, Gulfstream Aerospace Corporation, Hawker Beechcraft Corporation, Honeywell International Inc., Ilyushin Aviation Complex JSC, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, MBDA Missile Systems, Northrop Grumman Corporation, Pratt & Whitney, Raytheon Company, Rolls-Royce Plc, RUAG AG, Sikorsky Aircraft Corporation, Snecma SA, Thales Group, The Boeing Company, Turbomeca SA, and UTC Aerospace Systems.
The research report titled “Aerospace & Defense: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, United Kingdom, Spain, Russia and Rest of Europe), Asia-Pacific, Middle-East and Latin-America. Product segments analyzed include Aircraft Products & Services (Airframe, Aircraft Engine, Aircraft Components, Commercial Avionics, Military Avionics, In-flight Entertainment, and MRO), Missiles (Air-to-Air, Air-to-Surface, Air Defense, Surface-to-Surface, Antiship, Antitank, Bombs (Guided), Intelligent Munitions, and Others), Aircraft Training & Simulation (CBT & E-Learning, Commercial Flight Simulation, and Military Flight Simulation), C4ISR & Related (Unmanned Aerial Vehicle, Electronic Warfare, Mine Countermeasures, Naval Radar and Sonar, Chemical & Biological Agent Detectors, Infrared Imaging Systems and Components, Military Ground Communications, Land-Based Surveillance Radar, and Others), Space Equipment (Launch Vehicles, Communications Satellites and Earth Observation Satellites), and GPS (Geotechnologies) (Commercial Satellite Imaging, Commercial Aerial Imaging, GIS Software, Commercial SAR Data, and Commercial SAR Software).
For more details about this comprehensive market research report, please visit
http://www.strategyr.com/Aerospace_And_Defense_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
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Web Site: http://www.StrategyR.com/
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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