Aircraft Manufacturing Market Growth Rate To Double Up By 2021

Aircraft manufacturing consists of companies involved in developing prototypes and manufacturing or assembling of complete aircraft and making aircraft. These include manufacturing of blimps, gliders, helicopters, target drones, ultra-light aircraft and unmanned and robotic aircrafts.

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The global aircraft manufacturing market has shown moderate growth in the past years with a CAGR of around 3%. The year 2017 recorded highest ever market value in this industry as per TBRC’s in-house consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the aircraft manufacturing market to grow at double CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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The global aircraft manufacturing market is expected to grow at a compound annual growth rate (CAGR) of 7% by 2021. This can be attributed to the expected increase in economic activity and high demand for air travel, particularly in developing countries. Additionally, increasing military spending by governments across the world are expected to further aid the industry.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are The Boeing Company, Airbus Group, Lockheed Martin Corp., BAE Systems PLC and Bombardier Inc.

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