DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Commercial Airframe Component Market 2016-2020" report to their offering.
The report forecasts the Global Commercial Airframe Component Market to grow at a CAGR of 4.06% during the period 2016-2020.
An emerging trend in this market is the implementation of folded wings. Improvements in aircraft design have led to the development of foldable wings for carrier-based aircraft. This new wing configuration allows the wings to be folded above the fuselage and to occupy less space inside a hangar.
According to the report, a key driver of market growth is the increased demand for aircraft globally. Growing economy and rising tourism have significantly influenced the global air traffic. The travel and tourism segment contributed $7.58 trillion (9.8% of GDP) in 2014-15 and is expected to show a rise of 3.7% in 2015-16, and reach $11.38 trillion (10.5% of GDP) in 2025, reflecting a 3.8% increase per annum.
Further, the report states that one challenge that could hamper market growth is stringent regulatory norms as vendors in this market have to adhere to regulations in different countries.
- Avcorp Industries
- Ferra Engineering
- Precision Castparts
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market segmentation by components
PART 09: Geographical segmentation
PART 10: Key leading regions
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/4klkdc/global_commercial
Related Topics: Aircraft Parts