Press Release Summary = With significant breakthrough in the civil aviation sector, the aerospace industry in Germany is in a bullish phase. Funds for R& D have been instrumental in sprucing up the industry.
Press Release Body = Since 2003, the German aerospace market grew by 2% so as to attain a value of US$20 Bn in 2004. This development was possible only through heavy increase in expenditures on research and development. However, the pace of development amongst the sectors of the global aerospace industry varies to a considerable extent.
It was the tremendous success of the Airbus manufacturing units in the commercial aircraft sector during the previous year that, the prospects of Airbus's growth are an all time high. Although, the manufacturing of A380 is not yet in full swing, but it will give a great fillip to Germany's aviation industry when large-scale production commences. This success factors in aerospace industry especially in equipments was driven by efforts made by many medium-sized companies operating in the Global aerospace market.
The Euro-copter was the world's market leader when the going was good for the helicopter programs with orders received up to Euro 9 Bn. RNCOS' research report, "Global Aerospace Market Forecast (2006-2009)" reveals that in 2004 the civil aviation sector was the largest contributor, accounting for 62.1% of the total sales worth or US$ 13 Bn. it's expected that the market will grow by 11% from 2004 to 2009, an addition of US$ 22 Bn. in 2009, sales figure for the civil aviation sector will be one of the largest at US$ 14 Bn, accounting for 63.5% of global aerospace market.
This report will help you to find out answers for some critical questions like:
. How competitive is the market landscape of the global Aerospace industry? . What is the current status of global aerospace market? . What is the Success & Sensitive factor for the aerospace industry? . How do different companies compare their position in global aerospace market?
The report, "Global Aerospace Market Forecast (2006-2009)" provides an updated and detailed overview of the global aerospace market. This report is very helpful to Chief Information Officers and other Aerospace staff of organization, manufacturers, prospective Investors, students and academicians looking to get an overview about the global aerospace market.
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