Noida, UP -- (SBWIRE) -- 03/27/2011 -- According to our latest research report “Canadian Aerospace Industry Future Outlook”, Canada has been at the forefront of the global aerospace industry developments. The market has experienced one of the world’s fastest growths during the last few years. Canadian expertise on aircraft manufacturing has been globally acclaimed and its military applications segment is on its way to become a hot spot for the global aerospace majors. The report further revealed that the segment will register 8.5% CAGR growth by 2013 and will continue to infuse overall aerospace industry growth.
The study acknowledged that, during the past few years, the Canadian aerospace industry has grown significantly particularly in the civil and military aviation segments. The market growth has been strongly supported by the demand from the US and European countries. Although 2010 was not an encouraging year for the industry as air passenger traffic and export market performance subdued, the industry started witnessing notable recovery during late 2010 and it is anticipated that it will regain its pre-crisis growth by 2012 end.
Further, the MRO industry has emerged as one of the most potential growth areas. Aerospace clusters, like Manitoba and Quebec are rapidly positioning themselves as the global MRO hubs. MRO majors have tied up close partnerships with various universities and upgrading the technology to offer competitive and cost effective product and services to their clients. We anticipate MRO segment to achieve one of the fastest segment level growths in the industry, which will position Canada as potential investment hub for concerned companies.
Our report “Canadian Aerospace Industry Future Outlook”, has been authored to evaluate the future growth potentials of aerospace industry and its various segments in Canada. It provides information/statistics on historical, current, and forecasts for all prominent market segments including, civil & military applications, and product category, such as aircrafts and parts, MRO, and engine & parts. Most importantly, the report also provides 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 the Canadian aerospace industry, which will prove decisive for clients.
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