World aircraft market to reach $191.3 billion in 2020, says Teal Group analyst

Posted by Courtney E. HowardBAYTOWNE, Fla., 6 Sept. 2011. Aviation markets have enjoyed remarkable growth rates over the past decade, and it is a trend likely to continue throughout the next 10 years, according to the findings of Richard Aboulafia, vice president of analysis at aerospace and defense analysis firm Teal Group in Fairfax, Va. In fact, he currently considers the aviation industry to be “a safe haven in a world of economic turmoil."Next week, Aboulafia is scheduled to speak at Mentor Graphics’ Integrated Electrical Solutions Forum (IESF) 2011 in Long Beach, Calif., and The Aerospace Alliance event in Sandestin, Fla.

Aboulafia and Teal Group follow and speak to civil and military aviation market segments, including large jetliners, business aircraft, rotorcraft, combat aircraft, military transports and tankers, and other platforms.