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Research and Markets: Opportunities in the US Aerospace and MRO Market: 2011-2016 - The Market Is Expected To Grow To US$ 23.3 Billion with A 3.8% CAGR over the Next Five Years

Dépèche transmise le 12 octobre 2011 par Business Wire

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4f91c6/opportunities_in_t) has announced the addition of the "Opportunities in the US Aerospace and MRO Market: 2011-2016" report to their offering.

“Opportunities in the US Aerospace and MRO Market: 2011-2016”

Aerospace is one of the most significant manufacturing industries in the US and is a major contributor to the nation's economy. In 2005 the total aircraft consumption in the US was US$ 70.7 billion, consumption declined by 0.5% from 2005 to 2010. The aerospace industry (and its ancillary businesses) provides jobs to more than 10 million Americans, which is more than any sector. During these years, the US aerospace industry has emerged as the most competitive sector worldwide.

According to Lucintel's report Opportunities in the US Aerospace and MRO Market: 2011- 2016, in 2010, total aircraft consumption in the US valued at US$ 69billion. The market is expected to grow to US $ 100 billion in 2016 with 6.9% CAGR over the next five years. The MRO segment in the US also captures a significant market share of the global MRO market and accounted approximately 45% of the total world's MRO market in 2010.In 2010, total US aerospace MRO market was valued at approximately $16.6 billion.

Commercial, general aviation, helicopter, defense, and space are prominent segments of the aerospace industry. The US aerospace industry's major drivers include demand for fuel-efficient aircraft especially in the commercial segment, the aging fleet of regional jet fleet, and Boeing's new B787, which is expected to create demand in the commercial segment, increasing demand for air travel, and demand from Asian countries such as India and China.

Companies Mentioned:

• Boeing Systems Plc
• Northrop Grumman
• General Electric
• United Technologies Corporation
• Raytheon
• General Dynamics
• Goodrich Corporation
• L-3 Communications

For more information visit http://www.researchandmarkets.com/research/4f91c6/opportunities_in_t