Opportunities In The US Aerospace And MRO Market: 2011-2016, October 2011

NEW YORK, Feb. 9, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Opportunities in the US Aerospace and MRO Market: 2011–2016, October 2011

http://www.reportlinker.com/p0769880/Opportunities-in-the-US-Aerospace-and-MRO-Market-2011–2016-October-2011.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Aerospace_and_Defense

Background:

The US aerospace industry, which was hit by recession in 2009, began showing signs of recovery in 2010 and is expected to reach $100 billion by 2016 with a CAGR of 6.9% over the next five years. As detailed in the study, aerospace is a prominent driving factor in the US economy.

Aerospace is not only a source of employment but revenues generated by exports support research and development activities. The aerospace industry has the largest trade surplus of all the US manufacturing sectors, and is expected to maintain its robust export activity. Lucintel's research indicates that major aerospace industry markets such as the US and UK will likely reach saturation, whereas demand should increase from APAC nations such as China and India. Rising fuel prices are expected to generate demand for fuel-efficient aircraft, and the commercial and general aviation segment will propel the industry. Government purchases will drive the defense segment.

The MRO market of the US captures approximately 45% of the world aerospace MRO market. The efficient air transportation system in the US provides a solid market for MRO activities. US aerospace MRO market is expected to reach $20 billion by 2016.

This Lucintel research report provides insights regarding recent industry trends, and future opportunities and threats. In addition, the report addresses the market by segment, addressing civil and military aviation and MRO activities in the US.

This unique report from Lucintel provides the valuable information, insights, and tools needed to identify new growth opportunities and operate successfully in this market. This report is estimated to save hundreds of hours of your personal research time and it is anticipated to significantly help in expanding your business in this market. In today's unstable economy, you need every advantage to keep you ahead in your business.