Global Aircraft Manufacturing Market report provides in-depth analysis of growth, current and future trends, future insights, and segmentation. The report also covers comprehensive analysis of leading players existed in the market. This report contains the detailed study of market share with dominate regions and their accurate share in terms of revenue. The report also includes qualitative insights for the industry analysis such as opportunities, drivers, restraints, value chain, PESTEL analysis, Porter’s Five Forces analysis and manufacturing cost analysis.
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Aircraft manufacturing includes the manufacturing and assembly of an aircraft body as well as all the components and software required for its functioning. Aerospace & aviation is a dynamic industry that is influenced by several macroeconomic indicators such as GDP, fuel price to name a few. Also, increased spending on travel and tourism in major economies is also acting as a supplement to the growth of the aerospace industry.
The global aircraft manufacturing market size is estimated to reach from 43.94 US$ billion to 63.82 US$ billion over the prediction period. A growing number of passengers is one of the major for the rising demand for civil aircraft. The growth of the middle-class group combined with increasing travel & tourism is a key factor to drive the market growth. The market is segmented on the basis of product type, application, and region. By product, the market is classified as helicopters, gliders, passenger aircraft, ultralight aircraft, blimps, and others. By application, the market is sub-segmented into civil, military & defense, commercial, and others.
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The global aircraft manufacturing market is sub-segmented into Latin America, Asia Pacific, North America, Europe, and MEA. Among these, the North America region holds the leading position for global market share. This region has developed after a period of consolidation, bankruptcy, and economic recession. North America accounted for around 35% of market share in 2017. Likewise, the Asia Pacific and Europe region also witnessing substantial improvements in the market.
However, Asia Pacific is estimated to remain its continued growth owing to rising defense spending by countries such as India, China, ASEAN, and South Korea region. The huge economic growth in the Asia Pacific has formed a novel category of the middle-class which has improved the air travelers in the area. The Favorable strategies shaped by the governments of such countries have more stimulated investments in the airline segment. Overall, the global aircraft manufacturing market analysis shows positive growth trends globally.
The global aircraft manufacturing market is highly fragmented due to the existence of top vendors. The major factor of the market share is seized by global companies like Airbus and Boeing. Increasing demand for passenger aircraft, particularly from the Asia Pacific is leading to improved aircraft orders and sales for these companies. Growing military expenditure is also boosting the sales of fighter aircraft.
Reasons for the study:
The purpose of the study is to give an exhaustive outlook of the aircraft manufacturing industry.
We have been following the aviation sector from quite some time, especially the aircraft manufacturing segment in particular. This sector has been gaining immense importance, as the global aviation industry is booming.
The rise in aerospace research and particular rise in the defense spending by the countries at a global level is creating a huge opportunity for the aircraft manufacturers. Furthermore, new trends such as e-commerce are shaping the air cargo industry in a new way, offering significant growth opportunities.
In the recent past, several political and economic events took place that tends to have a significant impact on the airline industry. Furthermore, trends observed in the delivery statistics depicted new developments in the aircraft industry. Constant technology innovations and manufacturing techniques are leading to constant evolution in the industry.
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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