The commercial airliner and regional aircraft market is forecast to grow at a compound annual growth rate (CAGR) of 5.3% over the next five years, to reach a market value of US $112 billion by 2017.
Despite the tough economic conditions facing most industries, the commercial airliner and regional aircraft market continues to boom.
This strong market growth, particularly in regions such as Asia and the Middle East, is set to be driven by an increasing demand from emerging economies for new low-cost carriers, deregulation, and rising middle class.
North America currently dominates the commercial airliner and regional aircraft market, however, Asia and the Middle East are expected to drive demand within the global aerospace industry in the years to come.
The market does look set to face some challenges regarding aircraft financing and fluctuating oil prices, but the increasing air traffic rates, emerging economies, and aging fleets continue to drive the industry.
Demand within the regional aircraft market is anticipated to be greater than that of commercial airliners, resulting in a decrease of market share for commercial airliners and an increase in regional aircraft demand.
For more information on the commercial airliner and regional aircraft market, see the latest research: Commercial Airliner and Regional Aircraft Market Report
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