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Lucintel Projects Global Military Aircraft Industry to Witness Slight Growth in 2012-2017
Irving, TX (PRWEB) October 11, 2012
The global military aircraft industry is anticipated to experience moderate declines in North America and Europe through 2014 due to budget cuts announced for the period. Conversely, Asia is expected to drive the industry by increasing defense expenditures from emerging economies such as India, China, and some Middle East countries. Industry revenue is forecast to reach an estimated US $60 billion in 2017 with a CAGR of 0.22% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global military aircraft industry and presents its findings in “Global Military Aircraft Industry 2012- 2017: Market Trend, Profit, and Forecast Analysis.”
The global military aircraft industry comprises manufacturers and suppliers of military protective combat aircraft and non-combat aircraft. The industry is highly consolidated in terms of suppliers as well as buyers, and is highly dependent on government spending. North America dominates this industry, which is dominated by defense expenditures for multi-year aircraft programs collaborated on by different groups of nations.
Lucintel’s market research indicates that North America and the European countries are trimming their defense budgets, which has created uncertainty for the industry in the global environment. Increasing defense budget in regions such as Asia Pacific (APAC) and Rest of the World (ROW), including the Middle East, will provide opportunities to somewhat offset the impact of reductions in large, western countries such as the US and the UK.
This report provides an overview of the global military aircraft industry and tracks industry performance in four geographic regions. The report studies manufacturers serving this segment, providing a five-year (2006-2011) annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, APAC, and ROW. The report also provides a forecast, addressing market opportunities for next five years (2012-2017) for each of these regions.
For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.
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