Increasing defense spending and market turnaround in major exports destinations will spur aerospace industry to grow at 6% CAGR by 2013, says RNCOS.

Noida, UP -- (SBWire) -- 11/29/2010 -- According to our latest research offering, “Canadian Aerospace Industry Future Outlook”, Canada represents one of the world’s largest and fast growing aerospace markets. With a strong presence in all the Canadian regions, the aerospace industry is an important contributor to the country’s economic growth. However, economic turmoil proved decisive for industry and its annual growth went in negative territory during 2010. The research revealed that by early 2011 the industry will start posting positive growth result and increasing military spending along with rebound in exports will enable aerospace market to grow at 6% CAGR during 2010-2013.

The study inferred that, military applications, although constitute small share in the aerospace industry, Canada’s competency in fighter jets and helicopters makes it a favorable destination for military application manufacturing hub and export base. The segment saw some rays of hope in late 2010 with some fighter jets order book, but we anticipate 2011 to be a slow recovery period. The defense spending will increase in coming years, which will certainly prove to be a panacea for the Canada based military procurement and services companies.

Further, even in the wake of economic slowdown, MRO sub-sector has not felt the impact as much as aircraft manufacturing because the maintenance schedule on existing planes is essential and unavoidable. Although grounding of some fleets slightly slowed the potential growth in this market, the MRO market is set for a glittering future backed by various factors discussed and analyzed in the report.

Our report, “Canadian Aerospace Industry Future Outlook”, is an outcome of extensive research and thorough analysis of Canadian aerospace market potentials. It provides information/statistics on historical, current, and forecasts for all prominent market segments including, civil and military applications and product categories such as, aircrafts and parts, MRO, and engine & parts. The report also facilitates brief overview of all-important aerospace clusters in Canada and industry developments.

Most importantly, the report also presents industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of Canada aerospace industry, which will definitely prove decisive for clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM285.htm

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About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.