Global Commercial Aircraft Manufacturing Market Forecast to Reach $159.98 Billion by 2015

Research and Markets has announced the addition of the "Global Commercial Aircraft Manufacturing Market 2011-2015" report to their offering.

TechNavio's analysts forecast the Global Commercial Aircraft Manufacturing market to reach US$159.98 billion by 2015. One of the key factors contributing to this market growth is the growth of the Commercial Aircraft segment. The Global Commercial Aircraft Manufacturing market has also been witnessing an increasing backlog of orders. However, complex regulatory requirements pose the biggest challenge in the Global Commercial Aircraft Manufacturing market.

The key vendors dominating this market space are European Aeronautic Defence and Space Co., General Electric Co., The Boeing Co., and United Technologies Corp.

The other vendors mentioned in the report are Honeywell International Inc., Textron Inc., and Embraer S.A.

Commenting on the report, an analyst from TechNavio's Automotive team said: ''The Global Commercial Aircraft Manufacturing market is expected to witness increasing demand for commercial aerospace products from developing countries in the coming years, leading to market consolidation and expansion. Many companies are focusing on expanding their presence in developing countries by embarking on diverse strategic initiatives, which are expected to enhance their topline growth and market reach.''

According to the report, one of the major growth drivers is the increasing focus on R&D. The strong focus of the vendors in the Global Aerospace industry on R&D activities to develop innovative solutions and enhance existing product lines is a major factor that drives the growth of this market. Currently, the focus of many vendors in this market is on enhancing existing products and services as well as launching first-to-market products to offer customers a wider range of choices, improve aircraft performance, and set new standards for customer safety, comfort, and in-flight productivity.

Source: http://www.researchandmarkets.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Research and Markets. (2019, February 09). Global Commercial Aircraft Manufacturing Market Forecast to Reach $159.98 Billion by 2015. AZoM. Retrieved on October 20, 2019 from https://www.azom.com/news.aspx?newsID=35436.

  • MLA

    Research and Markets. "Global Commercial Aircraft Manufacturing Market Forecast to Reach $159.98 Billion by 2015". AZoM. 20 October 2019. <https://www.azom.com/news.aspx?newsID=35436>.

  • Chicago

    Research and Markets. "Global Commercial Aircraft Manufacturing Market Forecast to Reach $159.98 Billion by 2015". AZoM. https://www.azom.com/news.aspx?newsID=35436. (accessed October 20, 2019).

  • Harvard

    Research and Markets. 2019. Global Commercial Aircraft Manufacturing Market Forecast to Reach $159.98 Billion by 2015. AZoM, viewed 20 October 2019, https://www.azom.com/news.aspx?newsID=35436.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit