UK is the world’s third largest aerospace industry in terms of revenue and is one of the most important hubs for aerospace manufacturing. It has been found that, strong demand from emerging markets with continued aftermarket recovery is driving the market for aerospace in the country. Besides, the research revealed that healthy growth in air passenger traffic and the continued development of new programmes, such as Airbus A380, Boeing 787 Dreamliner, etc are expected to support steady growth in the near future. Moreover, according to a new report by RNCOS, “Global Aerospace Industry Outlook 2015”, the UK aerospace industry is expected to surge at a CAGR of around 5% during 2012-2015.
Many companies worldwide are also investing huge amount of money in order to develop fuel-efficient and environment-friendly aircrafts, which will positively contribute to the growth of the industry worldwide. Moreover, growing demand for new, fuel-efficient aircraft with continuous increase in the military budget spending worldwide is likely to propel the future market developments of the aerospace industry in the coming years. Additionally, growth in emerging markets, such as India, China, Mexico and Brazil is also contributing to the increasing revenue of global aerospace industry.
The report, spread across in 100 pages provides an extensive research and objective analysis of the global aerospace market and its various segments, including civil and military aerospace. In addition, it entails a detailed analysis of the market in terms of developed and emerging markets. Each section sufficiently explains the segment, export and import of aerospace products by country, along with the ongoing developments in the aerospace market. It investigates both past and current trends of the aerospace market and outlines future trends towards providing cutting-edge market intelligence. The research contains exhaustive information on the market players that will help clients in formulating market strategies and assess opportunity areas in the global aerospace market.
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