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Global Aerospace and Defense Industry Revenues to Exceed 500 Billion...



The global aerospace and defense industry (http://www.strategyr.com/Aerospace_And_Defense_Industry_Market_Report.asp) has witnessed significant growth in the last 15 years. If September 11, 2001 terrorist attacks, the SARS outbreak and the Asian financial crisis plagued the global aviation industry in the recent past; then global economic slowdown and volatile oil prices are challenges for the present. Future growth in aviation is expected to be driven by burgeoning demand for domestic and international air travel in emerging economies, growing dominance of low cost carriers, deregulation of airspace, and growing popularity of global hubs particularly in the Middle East. However, the sub-prime credit crisis in the US, and its after shocks in the global financial markets are a cause of worry for the aerospace industry, especially for civilian aviation.



Rising demand from Asian market (both outbound and inbound traffic) is expected to drive global demand for airfreight. Liberalization of air services, rise in international trade, enhanced technologies, more number of fuel-efficient freighters and expansion in hold capacity would propel traffic growth in the global air cargo market. With a defense budget of more than US$480 billion in 2008, United States is the world'ss largest defense market. Defense electronics /C4ISR continue to account for a growing share of annual expenditure worldwide.



United States is by far, the world'ss largest aerospace and defense market, with revenues projected to be worth US$298 billion in 2015, as stated by Global Industry Analysts, Inc. Europe is the second largest market with an estimated share of about 27%. Together, Europe and the US account for more than 80% of the world'ss aerospace and defense revenues. Aircraft products and services (http://www.strategyr.com/Aerospace_And_Defense_Industry_Market_Report.asp) represents the largest product segment and is projected to exceed US$350 billion by the year 2014. Through 2015, demand for MRO services (http://www.strategyr.com/Aerospace_And_Defense_Industry_Market_Report.asp) worldwide is expected to register handsome growth primarily fueled by robust expansion in developing and emerging markets in Asia-Pacific, Latin America and Eastern Europe. The market for C4ISR is forecast to grow at a robust pace of 6.9% through 2010 while the market for missiles is projected to register a CAGR of 6.5%. The space equipment market is estimated at about US$ 61.2 billion in 2008.



The global aerospace and defense industry has a three-tier structure. Boeing 's38; Airbus continue to fight for market superiority in large commercial aircraft while Embraer and Bombardier dominate smaller commercial aircraft. Boeing and Airbus are traditional competitors in the global Narrow-body and Wide-body commercial aircraft market. Key industry participants include Arianespace, AgustaWestland, B/E Aerospace, BAE Systems, Ball Aerospace 's38; Technologies Corporation, Bell Helicopter Textron, Bombardier, Embraer-Empresa Brasileira de Aeron's225;utica S.A., European Aeronautics Defense and Space Company EADS N.V., Airbus S.A.S, Eurocopter Group, Finmeccanica, GE - Aviation, Goodrich Corporation, Gulfstream Aerospace Corporation, Hawker Beechcraft, Honeywell International, Irkut, Israel Aircraft Industries, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rolls-Royce, Pratt 's38; Whitney, Snecma, Sikorsky Aircraft Corporation, Thales, and The Boeing Company among others.



The report titled Aerospace and Defense Industry: A Global Strategic Business Report published by Global Industry Analysts, Inc., provides a comprehensive review of world market trends and drivers, market sizing data, industry issues and challenges. The study presents extensive commentary on the aviation/defense industry, hard-to-find statistical facts, product segmentation, competitive assessment, market shares, new product introductions, strategic corporate activity and key player profiles. The study offers market data analytics in dollar terms for major regional markets such as United States, Canada, Japan, Europe (France, Germany, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East, and Latin America. Key product segments analyzed include Aircraft Products 's38; Services; Missiles; Modeling, Simulation 's38; Training Equipment; C4ISR 's38; Related Equipment; Space Equipment; and GPS (Geotechnologies).



For more details about this 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) (http://www.StrategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world'ss largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.



Global Industry Analysts, Inc.


Telephone 408-528-9966


Fax 408-528-9977


Email press@StrategyR.com


Web Site http://www.StrategyR.com/






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