NEW YORK, 25 April 2009. Reportlinker.com has unveiled a market research report, "Aerospace Industry Forecast to 2013," which reveals that growing air travel and wars around the world are driving the global aerospace industry. The civil aerospace segment is predicted to grow at a faster pace than the defense segment, according to the report. It is estimated that by the end of 2027, the world's airlines will take delivery of 29,400 civil airplanes with total value of $3.2 trillion.
The U.S. represents the largest aerospace market, with total sales estimated to have closed at $204.4 billion in 2008, followed by the European Union, Canada, and Japan. In the future, however, developing economies such as China, India, Mexico, and Brazil are expected to emerge as big markets for aerospace products.
The Chinese aerospace sector ranks among the world's most dynamic sector due to the massive investment by the country. Moreover, Chinese aerospace companies are showing their presence in the global aerospace industry. It is anticipated that China will buy more than 3,700 airplanes before, 2028 with the potential market value of $390 billion, becoming the most potential civil aerospace market.
The report is designed to provide objective analysis on the global aerospace market, investigating past and current trends in the global aerospace market and outlining future trends.
It also assesses industry performance in civil and defense segments. Based on various market indicators, the report evaluates future outlook of the industry.
