(PRWEB) January 04, 2013
The People’s Republic of China’s aerospace industry is expected to witness unprecedented growth over the forecast period of 2012-2017 to reach an estimated US $102,549 million in revenue in 2017, with a CAGR of 19% over the next five years.
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 the study reveals, all the segments of Chinese aerospace industry are expected to witness double-digit growth during the forecast period,tempering the impact of tough competition from Russia and India. Increasing passenger traffic, China’s growing economy, and strong government support to the aerospace industry will continue to drive Chinese aerospace industry.Upcoming domestically developed programs such as the C919, ARJ21, and MA700 are expected to drive market growth. The commercial aircraft market is expected to contribute the largest percentage of revenue to the market,while the civil helicopter market is expected to lead industry growth during 2012-2017.
Lucintel’s research outlines that China’s aerospace supply chain market is poised for robust growth through joint ventures (JVs) and foreign investment as well as various Chinese government initiatives. In recent years,the Chinese aerospace supply chain has experienced increasing foreign investments, civil aircraft advancements, and increasing involvement of Chinese suppliers in the global aerospace supply chain.
Low labor costs are creating 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 manufacturesits defense aircraft indigenously using its own manufacturing base.
Lucintel’s aerospace research 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 the aerospace 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 email@example.com. Lucintel offers a broad range of industry research reports,market research reports and management consulting services.
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