Despite economic difficulty, the aerospace industry is proliferating and the global commercial airliner and regional aircraft market is expected to reach approximately US $112 billion in 2017 with a CAGR of 5.3% over the next five years.Increasing demand from emerging economies for new low-cost carriers, deregulation, and rising middle class are factors driving growth in markets such as Asia and the Middle East.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the Global Commercial Airliner and Regional Aircraft market and presents its findings in “Global Commercial Airliner and Regional Aircraft Industry 2012–2017: Trend, Profit, and Forecast Analysis.”
The Global Commercial and Regional Aircraft industry consists of commercial airliners and regional aircraftmanufacturers. Industry products are used by airlines (international, domestic, and regional) and governments around the world. The industry is highly consolidated in terms of suppliers and buyers.
North America dominates this market, but Asia and the Middle East are expected to drive demand for the global aerospace industry in coming years. The aerospace industry is expecting increases in the demand of new fleets, especially in the narrow body aircraft segment. The industry is facing challengeswith aircraft financing and fluctuating oil prices,but the increasing air traffic rates, emerging economies, and aging fleets are driving the industry. Technological changes due to environmental concerns are also forcing OEMs to improve fuel burn capability of aircraft and reduce noise level.
Lucintel’s research indicates that demand for regional aircraft is expected to be greater than commercial airliners, resulting in a decrease of market share for commercial airliners and an increase in regional aircraft demand.
Lucintel’s report provides quantitative and qualitative data analysis ofthis market. This study includes manufacturers of commercial airliner and regional aircraft. The report tracks four regions for two segments,commercial airlines and regional aircraft,and tracks eight segments. This study is limited to annual trends for the past fiveyears (2006-2011) and forecasts for the next five years (2012-2017).
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