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UK Aerospace Industry – Flying Higher
Jul 25, 2006
The position of UK Aerospace industry as force to reckon with in the global aerospace scenario was first reinforced in 1998. Today, the Aerospace industry provides A-1 services and is accredited as the largest aerospace industry in Europe.
The aerospace market continues to be a great revenue-driver for the national economy, with UK-owned overseas companies generating multi-billion turnovers and providing employment opportunities for a large pool of skilled professionals. Overseas markets continue to contribute approximately 68% of the UK aerospace turnover, with exports in both the civil and defense sectors.
The global aerospace industry today employs around 165,000 people directly and over 370,000 industry professionals through indirect employment. Such large numbers imply that UK aerospace industry employs more than 33% of the total of the European aerospace companies.
RNCOS’ research report, “Global Aerospace Market Forecast (2006-2009)” reveals that in 2004, the annual turnover of the UK aerospace industry increased by 1.8% to attain the size of £18 Bn. This significant increase in revenue marked the come back of the aerospace industry in UK due to rise in exports.
According to RNCOS’ analysts, since 1981 growth in global aerospace industry has mainly been driven by civil sector sales, however 2004 marked a break in the trend, with growth being propelled by increases in defense sales.
This report will help you find out answers for some critical questions like
- What is the competitive market landscape in the global Aerospace market?
- What is the current status of global Aerospace market?
- What are the crucial factors affecting the success rate for the global Aerospace market?
- How do different companies compare their position in global Aerospace market?
The report provides an updated and detailed overview of the global Aerospace market, which can be of help to CIOs and other Aerospace staff, manufacturers, prospective investors and academicians.
For more information visit: http://www.rncos.com/Report/IM052.htm
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