Ideas That Generate Results
Indian Aerospace Industry Analysis
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Publish Date : Jan, 2011| No. of Pages : 60
Indian aerospace industry has witnessed an impressive growth during the past few years, with major contribution from the civil aviation segment. The market has been strongly supported by the government and private sector participation, which fueled domestic and international passenger arrivals and acted as catalyst for the overall industry growth. Availability of skilled manpower along with favorable business environment will position India as one of the most attractive investment destinations in the coming years.
According to our latest research report “Indian Aerospace Industry Analysis”, India is the 9th largest aviation market in the world. Although the passenger traffic went into negative growth territory in FY 2009, it posted a remarkable recovery in FY 2010 and grew around 13.6% Y-O-Y, which was amongst the highest globally. Further, the government's open sky policy has attracted many overseas players to enter the market and the industry is growing in terms of both players and the number of aircrafts. On the basis of strong market fundamentals, it is anticipated that the civil aviation market will register more than 16% CAGR during 2010-2013.
Additionally, aircraft maintenance, repair and overhaul sector is tremendously developing in the country. Driven by an increasing fleet of newly acquired aircrafts, shortage of trained and experienced professionals, and a need to cut aircraft maintenance and operational costs, the MRO market holds plethora of opportunities for players in the technical services outsourcing business. Further, globalization of MRO services, availability of talent, manpower cost competitiveness etc. will make India a potential global as well as regional MRO hub.
Our report “Indian Aerospace Industry Analysis”, is an outcome of extensive research and thorough analysis of the Indian aerospace and defense industry. The report provides statistics/analysis on all prominent industry segments including civil aerospace market, airports infrastructure, low cost carriers market, passenger traffic outlook defense expenditure, equipment overview etc. Most importantly, the report has also provided industry forecasts based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Indian aerospace industry, which will prove decisive for clients.