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Research and Markets: Indian Aerospace Supply Chain Market: 2011 - India Expected To Continue Its Growth Momentum, Reaching Roughly US $24 Billion By 2016

Dépèche transmise le 9 janvier 2012 par Business Wire

Research and Markets: Indian Aerospace Supply Chain Market: 2011 - India Expected To Continue Its Growth Momentum, Reaching Roughly US $24 Billion By 2016

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/4e619a/indian_aerospace_s) has announced the addition of the "Indian Aerospace Supply Chain Market: 2011" report to their offering.

Lucintel's report, which provides trend scenarios and forecast statistics through to 2016, details the industry's drivers and challenges; market opportunities at OEM, Tier 1, and Tier 2 levels; supply chain analysis; JV/partnership opportunities in Indian aerospace supply chain; and demand and supply scenarios of the Indian aerospace industry. The report also evaluates Indian aerospace supply chain through SWOT and PEST analysis and more.

India's aerospace industry has experienced significant growth over the last five years. Aircraft consumption in India is expected to continue its growth momentum, reaching roughly US $24 billion by 2016 with a CAGR of 15% over the next five years. All segments of the Indian aerospace industry grew substantially, with the OEM market registering maximum growth of approximately 20% CAGR over the last five years.

High domestic demands of aircraft, introduction of the defense offset policy in 2006 have provided immense opportunities for companies entering this sector. Lucintel's research indicates that over the next five years, the Indian offset market is expected to witness double-digit growth and reach new highs over the next 10 years primarily driven by India's procurement plans.

The Indian aerospace supply chain is sustaining strong growth through joint ventures (JVs) and partnerships with foreign aerospace players. Low labor costs, coupled with IT competitiveness, is creating JV and partnership opportunities for Indian aerospace supply chain players with global aerospace majors such as Boeing and Airbus for various systems and subsystems manufacturing.

For more information visit http://www.researchandmarkets.com/research/4e619a/indian_aerospace_s