Middle East Civil Aerospace Industry Growing Despite Recession

According to our latest research on Global aerospace industry, "Aerospace Industry Forecast to 2013", increasing passenger traffic in the Middle East and the rapid expansion by the regional airlines are expected to push the civil aerospace sector in the Middle East region. Despite the economic slowdown, Middle Eastern airlines will add on 114 civil aircrafts to their fleets in 2009, which will be 8% of the worldwide deliveries.

As per the research report, growing passenger traffic is largely responsible for the surging civil aerospace industry in the region. In January 2009, Middle East was the only region to register a positive air traffic growth of 3.1% from a year ago. Increasing trade activities and development of tourism industry in the region are the major reasons behind the growth of passenger traffic in the Middle East.

Besides this, rapid expansion by the airlines in Middle East is also fuelling the growth into the civil aerospace industry. At the time of recession, when airlines around the world are retreating, airlines in Middle East are increasing their capacity by ordering more aircrafts and by expanding their routes rapidly to Asia, Europe, Africa and North America. Emirates, the largest and most established Gulf airlines, boosted its capacity by more than 240% since the end of 2000, while Qatar Airways, Qatar's national carrier, has grown more than six times during the same period.

"Aerospace Industry Forecast to 2013" provides an exhaustive research and rational analysis on the global aerospace market. This extensive research will help the clients to identify market trends and evaluate the leading-edge opportunities critical to the success of the global aerospace industry. This study gives an overview on the various factors driving the aerospace market together with the forces that are blocking the growth of the industry.

The research also covers detailed industry overview and future perspective of major developed countries including US, Canada, Japan, United Kingdom, France and Germany. It also covers industry overview and future perspective of the emerging market including Middle East (UAE, Saudi Arabia and Qatar), China, India, Mexico and Brazil.

For more information visit: http://www.rncos.com/Report/IM176.htm