WASHINGTON, Dec. 9 /PRNewswire/ -- Some 36,896 military and civil aircraft worth
"The industry is firing on both cylinders," said Aboulafia. "This first simultaneous civil and military market upturn in decades is giving most primes a strong boost. While some segments are weak, the supplier base has the diverse program exposure necessary to enjoy this growth."
The Teal Group forecast numbers exclude uninhabited aircraft (UAVs), non-turbine aircraft, maintenance, overhaul, upgrades, and research. If all of these are included, the industry would be worth about
Additional Teal Study Findings -- Over half of the new build market -- $570.6 billion -- comprises commercial transports (including regional aircraft). Fighters are second, worth $141.8 billion. -- "Compare these numbers with the last 10 years (1995-2004), which saw deliveries of 30,575 aircraft worth $820.5 billion (also in 2005 dollars)," said Aboulafia. "Despite the cyclical ups and downs, this represents 23% growth." -- Boeing's jetliner product line rejuvenation is leading to growing market success. Boeing's success, coupled with Lockheed Martin's F-35 and broad U.S. defense export market dominance, means great things for the United States' share of the industry. U.S. primes are gaining global market share, largely due to their successful embrace of globalization. -- "Europe looks set to retain its market share during our forecast period," said Aboulafia, "although European industrial restructuring has not reached its ultimate conclusion. And if Boeing's lead accelerates, or if the F-35 fulfills its most ambitious expectations, Europe's share could erode." -- Numerous macroeconomic trends are hurting non-traditional producers those outside the US and Europe). "These 'emerging' producers will actually have a smaller share of the market by the end of our forecast period," concluded Aboulafia, "although thanks to increased outsourcing by the U.S. and European primes, many non-traditional players will still prosper."
The Teal Group is an aerospace and defense market analysis firm based in Fairfax, Virginia, USA. It provides competitive intelligence to industry and government worldwide.
SOURCE Teal Group
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