1. INDUSTRY OVERVIEW 1
Cyclical Nature of the Industry 1
A Capital-Intensive Industry 1
Impact of Recession on A&D Industry in Retrospect 1
Recession Fuels Consolidation in the Industry 3
Table 1: A Glance at the M&A Activity in the Global Aerospace
Industry during 2009-10 3
Recovery Becomes Prominent in 2010-11 3
Challenges Ahead 4
Outlook 5
Table 2: World Recent Past, Current & Future Analysis for
Aerospace & Defense Industry by Geographic Region - US,
Canada, Europe, Asia-Pacific (including Japan), Middle East,
and Latin American Markets Independently Analyzed with Annual
Revenue in US$ Billion for Years 2010 through 2015 6
Table 3: World 5-Year Perspective for Aerospace & Defense
Industry by Geographic Region- Percentage Breakdown of Annual
Revenues for US, Canada, Europe, Asia- Pacific (including
Japan), Middle East, and Latin America for Years 2011 & 2015 7
Key Statistics 8
Table 4: Global Defense Spend (2010): Percentage Share
Breakdown by Region - North America, Western Europe, Asia &
Oceania, Central & Eastern Europe, Middle East, South America
and Others 8
Table 5: Global Military Expenditure (2009): Top 15 Military
Spenders in the Year 2009 8
Aerospace Sector - A Review 9
Civil and Defense Relationships 9
Table 6: Global Aerospace Market (2011): Percentage Share
Breakdown by Segments 10
Emerging Nations - Aerospace Powerhouses in the Making 10
Asia-Pacific - Offering High Growth Potential 10
Table 7: Global Air Traffic - Routes Ranked by Compounded
Annual Growth Rate for the Period Between (2010-2030) 11
Industry Structure 12
Aircraft Industry - A Review 12
Table 8: Global Aircraft Fleet Distribution (2011):
Percentage Share Breakdown by Region - North America, Europe,
Asia-Pacific, South America, Middle East and Africa 13
Table 9: Global Aircraft Fleet Composition (2009) by Type 13
Table 10: Global Commercial Aircrafts Market (2010):
Percentage Share Breakdown of Number of Aircrafts in Service
by Geographic Region - North America, Europe, Asia-Pacific,
Latin America and Caribbean, Middle East and Others 14
Table 11: Global Aviation Manufacturing Industry (2010):
Percentage Breakdown of Manufacturing Revenues by Region -
North America, Europe, Asia-Pacific, South America, Africa
and Middle East 14
Scheduled Introduction of New Aircraft Models through 2020 14
Table 12: New Airplane Deliveries by 2030 - Percentage Share
Breakdown of Projected Number of New Airplanes to be
Delivered between 2011 & 2030 by Region - Asia-Pacific,
Europe, North America, Latin America, and Rest of World 15
Single-Aisles to Account for Majority of Future Aircraft
Deliveries 15
Table 13: Airplane Fleet Composition by 2030 - Percentage
Share Breakdown of Fleet Size by Type - Single-aisle, Twin-
aisle, Regional Jets and Large Air Planes 15
Table 14: New Airplane Deliveries by 2030 - Percentage Share
Breakdown of Projected Number of New Airplanes to be
Delivered between 2011 & 2030 by Type - Single- aisle,
Twin-aisle, Regional Jets and Large Air Planes 16
Table 15: New Freighter Deliveries by 2030 - Percentage Share
Breakdown of Projected Number of New Airplanes to be
Delivered between 2011 & 2030 by Size of Aircraft - Large
(More than 80 Tons), Medium (40 to 80 Tons) and Standard
(Less than 45 Tons) 16
Market for Business Jets 16
High Net Worth Individuals to Push Demand for Business Jets 17
Table 16: HNWI Population Worldwide (2011): Breakdown of
Number of High-Net-Worth Individuals (HNWIs) by Geographic
Region 17
Table 17: HNWI Wealth Worldwide (2011): Percentage Share
Breakdown of HNWI Wealth Value by Geographic Region 17
Table 18: Global Business Fixed Wing Jet Fleet Distribution
(2010): Percentage Share Breakdown by Region - North America,
Europe, South America, Asia-Pacific, Africa and Middle East 18
Table 19: Global Market for Business Jets (2009): Percentage
Breakdown of Market Share by Manufacturers - Cessna,
Bombardier, Embraer, Hawker Beechcraft, Gulf Stream and
Others 18
Regional Jets Witness Increase in Demand, Grow in Size 18
Table 20: Demand for Regional Jets by 2030: Percentage
Breakdown of Projected Number of Units between 2011 & 2030 by
Region - North America, Europe, China, Asia-Pacific
(Excluding China), Latin America, and Rest of World 19
Trends 19
Heightened Replacement Activity to Spur Future Demand in
Aircrafts Sector 19
Retirements Provide Growth Opportunity in Aircrafts Sector 19
The Airbus A380: A Solution for Traffic Congestion-Related
Problems 19
Aircraft Engine Market 20
Opportunities for Engine Manufacturers 20
Global Aircraft MRO Market - An Overview 20
Outsourcing - Emerging Growth Driver 20
Good Times Ahead for the Global MRO Market 21
Table 21: Global Aerospace MRO Market (2011): Percentage
Breakdown of Revenues by Regions - North America, Europe &
CIS, Asia-Pacific, Middle East, South America and Africa 21
Commercial Aircraft Component MRO Market Undergoing Strategic
Change 22
PMA Market to Reshape the MRO Sector 22
Engine MRO Market 23
Engines Lead the Growth of the MRO market 23
Table 22: Global Market for Aircraft MRO Components (2011):
Percentage Breakdown of Value Sales by Service Type -
Engines, Components, Heavy Maintenance Visits &
Modifications and Lines 23
Other Key Statistical Findings 24
Table 23: Global Civil MRO Market (2011): Percentage Share
Breakdown by Service Type - Engine Overhaul, Component MRO,
Line Maintenance and Airframe Heavy Maintenance 24
Table 24: Global Military MRO Market (2011): Percentage Share
Breakdown by Service Type - Field Maintenance, Airframe MRO,
Component MRO, Engine MRO, Supply Chain Management, Pilot
Training, Maintenance Training and Engineering/ Technical
Services 24
Table 25: Global Business Aviation MRO Market (2011):
Percentage Share Breakdown by Region - North America, Europe,
Latin America, Asia-Pacific, Middle and Africa 25
Table 26: Global Business Aviation MRO Market (2011):
Percentage Share Breakdown by Activity - Component
Maintenance, Engine Maintenance, Airframe Maintenance and
Modifications 25
Research & Development in Aircraft Industry 25
Futuristic Aircraft Market 26
Unmanned Aerial Vehicles - The Emerging Sector 26
UAV Sector Needs Regulatory Body 26
Aircraft Leasing: Mainstay for Emerging Asian Aviation Industry 27
Table 27: Top 10 Aircraft Leasing Firms Worldwide (2008):
Breakdown by Fleet Value In US$ Billion 27
Regulatory Trends in the Aircraft Industry 27
Avionics 28
Avionics Systems Hog Limelight After the ‘09/11’ Events 28
Table 28: Global Aerospace Avionics Market (2011):
Percentage Breakdown of Value Sales by Type - Communication
Systems, Integrated Systems, Surveillance Systems, and
Navigation Systems 28
Demand for Military Avionics to Increase 28
Intelligence, Surveillance and Reconnaissance Market 29
Global Market for Missiles 29
Raytheon - A Leading Player 29
Market for Air-to-Air Missiles to Expand 29
Table 29: Global Missile Market (2011): Percentage Breakdown
of Value Sales by Segment - Air Defense, Air-to-Surface,
Air-to-Air, Anti-Armor, Anti-Ship, and Surface-to-Surface 30
Emerging Markets Hold Promise 30
Naval Sonar & Radar: An Overview 30
Advanced Guidance/Seeker Technology 31
Active Radar 31
Imaging Infrared Focal Plane Array 31
Command-Inertial Guidance 31
Other Technologies 32
High-Speed Data Link Communications Systems to Spell Doom for
Radars 32
Competitive Scenario 32
Table 30: Leading Manufacturers in the Global Civil Aviation
Industry - Companies Ranked by Manufacturing Revenues in 2009 33
Table 31: Leading Manufacturers in the Global Military
Aviation Industry - Companies Ranked by Manufacturing
Revenues in 2009 33
Large Commercial Aircraft Duopoly to Shatter 33
Aeronautical Systems: An Insight into the Future 34
Advanced Subsonic Transports and Military Aircraft 34
Supersonic Aircraft 34
Hypersonic/Transatmospheric Vehicles 34
Air Freight 35
Middle East and Asia-Pacific Drives in the Airfreight Sector 35
Asia to Lead Air Cargo Growth 35
Helicopter Market - Defense Sector to Push Demand 36
Table 32: Global Market for Civil Helicopters (2009):
Percentage Breakdown of Market share by Manufacturers -
Eurocopter, Agusta Westland, Bell Helicopter, Sikorsky,
McDonnell Douglas Helicopter Systems, Mil/Kamov and HAL 36
Table 33: Global Market for Military Helicopters (2009):
Percentage Breakdown of Market Share by Manufacturers -
Sikorsky, Eurocopter, Russian Heli, Bell, Boeing, Agusta
Westland and Others 37
2. MARKET TRENDS AND ISSUES 38
OEMs Strengthen Portfolios with Intelligence Offerings 38
Flight Simulation Technologies and Training Recovers Post
Recession 38
Fuel Costs Continue to Remain a Key Issue 38
Aircraft Operators Look for Alternative Fuels 39
Raw Material Inventory Piles Up As Aircraft Production Declines 39
Table 34: Aircraft Production - Material Demand (2011):
Percentage Share Breakdown by Material Type - Aluminum,
High-Strength Steel, Titanium Alloy, Super Alloy, Composites
and Other Metals 39
The Industry Embraces Chrome-Free Products 40
Satellite Services to Expand in Business Jet and Commercial
Aircraft Markets 40
US-EU Open Skies Agreement - Towards an Unfettered Aviation
Industry 40
Fractional Ownership - A Key Business Option 41
Aerospace Coatings Too Suffer Less demand during Recession 41
Aerospace R&D Expenditure Heading Towards All-time High 42
Technology Binds Global Aviation and Defense Industry 42
Low Cost Carriers on an Upsurge 42
Regional Tensions Increase Military Aircraft Sales 42
Military Transport Aircraft Production Expected to Rise 43
Environmental Issues - Increasing Focus 43
Current Icing Potential - A Tool to Prevent In-Flight Icing 44
NASA Develops New Acoustic Control Technique 44
3. PRODUCT OVERVIEW 45
Aircraft Products & Services 45
Airframe 45
Aircraft Engine 45
Aircraft Components 45
Commercial Avionics 45
Military Avionics 45
In-flight Entertainment 45
MRO 46
Missiles 46
Air-to-Air Missile 46
Air-to-Surface Missile 46
Air Defense Missile 46
Surface-to-Surface 46
Antiship 46
Antitank 46
Bombs (Guided) 46
Intelligent Munitions 46
Others 47
Modeling, Simulation and Training 47
CBT & E-Learning 47
Military Training & Simulation 47
Commercial & Military Visual Simulation 47
Commercial & Military Flight Simulation 47
C4ISR & Related 47
Unmanned Aerial Vehicle 47
Electronic Warfare 47
Mine Countermeasures 48
Naval Radar and Sonar 48
Chemical & Biological Agent Detectors 48
Infrared Imaging Systems and Components 48
Military Ground Communications 48
Land-Based Surveillance Radar 48
Others 48
Space Equipment 48
Launch Vehicles 48
Communications Satellites 49
Earth Observation Satellites 49
GPS (Geotechnologies) 49
Commercial Satellite Imaging 49
Commercial Aerial Imaging 49
GIS Software 49
Commercial SAR Data 49
Commercial SAR Software 49
4. STRATEGIC CORPORATE DEVELOPMENTS 50
5. PRODUCT LAUNCHES 78
A REGIONAL MARKET PERSPECTIVE 81
1. UNITED STATES 81
Industry Overview 81
US Rules the Global Aerospace Market 81
Weak Economic Conditions Pull Back Investments in the US 82
Exports to Drive US Aerospace Recovery 82
Civil Aircrafts Segment to Propel Aerospace Industry 82
Helicopter Market gets Support from the War on Terror 82
Losing its Hold on Global A&D Industry? 83
Trade Between the US and Other Countries 83
Cut Capacity - Need of the Hour in the US Aerospace Sector 84
Key Statistical Findings 84
Table 35: US Aerospace Sector (2010): Percentage Share
Breakdown of Dollar Sales by Product Group - Aircrafts,
Missiles, Space and Other Related Products and Services 84
Table 36: US Airline Fleet Composition (2011): Percentage
Share Breakdown of Fleet Size by Company - Boeing, Airbus,
Bombardier, Embraer, Hawker Beechcraft, Bombardier (de
Havilland) and Others 84
Table 37: US Civil Aerospace Industry Shipments (2010):
Percentage Share Breakdown of Dollar Sales by Product Segment 85
Table 38: Aerospace Equipment Market in the US (2011):
Percentage Breakdown of Sales for DOD, NASA/Other Government,
and Others 85
Table 39: Military Flight Simulation Market in the US (2011):
Percentage Breakdown of Value Sales by Service - Air Force,
Navy, and Army 85
Imports and Exports 86
Table 40: US Aerospace Imports (2010): Percentage Breakdown
of Value Imports by Origin Country 86
Table 41: US Aerospace Exports (2010): Percentage Breakdown
of Value Exports by Destination Country 86
2. CANADA 87
Profile of the Canadian Aerospace and Defense Industry 87
Aerospace Sector - A Review 87
Trends in Aerospace Sector 87
Canadian Aerospace Companies to Continue Acquisitions 88
Key Statistical Findings 89
Table 42: Canadian Aerospace Industry (2011): Percentage
Share Breakdown by Segments - Aircrafts, Parts and
Components; MRO; Engines and Parts; Avionics and Electro
Systems; Simulation and Training; Space and Others 89
Table 43: Competition in Canadian Aerospace Industry (2011):
Number of Active Players by Segment 89
Table 44: Canadian Exports of Helicopters, Airplanes and
Spacecrafts (2010): Breakdown of Value Exports by Top 10
Destination Countries in US$ Millions 90
Table 45: Canadian Imports of Helicopters, Airplanes and
Spacecrafts (2010): Breakdown of Value Imports by Top 10
Countries of Origin in US$ Millions 90
3. EUROPE 91
Industry in a Transition Phase 91
Table 46: European Recent Past, Current & Future Analysis for
Aerospace & Defense Industry by Geographic Region -France,
Germany, UK and Rest of Europe Markets Independently Analyzed
with Annual Revenue in US$ Billion for Years 2010 through
2015 92
Table 47: European 5 - Year Perspective for Aerospace &
Defense Industry by Geographic Region- Percentage Breakdown
of Annual Revenues for France, Germany, UK and Rest of Europe
Markets for Years 2011 & 2015 93
Market Prospects Post Recession 93
European Market for Helicopters 94
Table 48: Growth in European Civil Helicopter Fleet
(2005-2011) 94
Consolidation 94
European A&D Companies Grow Stronger 94
Retention of Skilled Workforce: The Critical Issue 95
Space Industry 96
3a. FRANCE 96
Civil Aviation in France 96
3b. GERMANY 97
German Aerospace Industry Witnessing Fast Growth 97
Space Sector: Rebuilding Through Restructuring 97
Germany Calls for Greater Cooperation 98
Synergies through Coordinated Research Programs 98
3c. RUSSIA 99
An Overview 99
Outlook for Various Segments of the Aerospace Industry 99
Machine Tools 99
Aircraft and Avionics Systems 100
Software 100
Smaller Aircraft Components 100
Materials 100
Statistical Findings 100
Table 49: Russian Aircraft MRO Spend (2011): Percentage
Breakdown by Activity - Engine, Line, Components, Airframe
Heavy Maintenance and Modifications 100
Table 50: Leading Aircraft Engine MRO Suppliers in CIS
(2010): Percentage Breakdown of Market Share for
Rolls-Royce-Derby, Lufthansa Technik-Airmotive, Iberia E & M,
Lufthansa Technik - Network, Pratt & Whitney-Cheshire, Avio,
SNECMA - Network and Others 101
Table 51: Leading Aircraft Engine MRO Suppliers in Russia
(2010): Percentage Breakdown of Market Share for SNECMA -
Network, Lufthansa Technik-Network, Air France Industries/
KLM E&M, Tap Air Portugal, MTU-Hannover, Pratt & Whitney -
Norway and Others 101
Russia Revamps the Defense Industry 101
3d. UNITED KINGDOM 102
The Irish Market 102
4. ASIA-PACIFIC 103
Aerospace Industry in Asia- An Overview 103
Opportunities and Challenges 104
Cargo Volume is a Large Component of the Asian Industry 104
Key Statistical Findings 105
Table 52: Asia-Pacific Aviation Manufacturing Industry
(2010): Percentage Breakdown of Revenues by Country - Japan,
China, South Korea, India and Others 105
Table 53: Asia-Pacific Fleet Distribution (2010) - Percentage
Share Breakdown by Type - Commercial Fixed Wing, Military
Fixed Wing, Civil Rotary Wing and Military Rotary Wing 105
Table 54: Asia-Pacific Commercial Fixed Wing Fleet
Composition (2010) by Country 105
Table 55: Asia-pacific Aerospace MRO Industry (2010):
Percentage Breakdown of Revenues by Country - China,
Singapore, Japan, South Korea, Malaysia, India and Others 106
4a. AUSTRALIA 107
Australian Aerospace Industry-An Overview 107
Table 56: Australian Aerospace Industry (2009): Percentage
Breakdown of Market Shares by Company - Boeing Australia, BAE
Systems, Australian Aerospace Ltd, Hawker Pacific and Others 107
4b. CHINA 108
Smooth Ride for Aerospace Giants Expected 108
The EU’s Chinese Obsession 109
Current Trends 109
Chinese Aviation Industry Recovers from Recession 109
Chinese Aviation Industry’s Profit Triples 109
China to lead the Way in Passenger Traffic 109
China Helicopter Market- Could be the World’s Largest 110
Chinese Aircraft MRO Market Poised for Strong Growth 110
Prospective Aerospace Manufacturing Investments in China 110
4c. INDIA 111
Aerospace Industry in India-Overview 111
India - An Aerospace Manufacturing Hub 111
The Indian Aircraft MRO Market - An Overview 111
TATA to Foray into Aerospace 112
4d. JAPAN 113
Japan- An Industry in Transition 113
Impact of Japan Crisis on Aerospace Industry 113
4e. KOREA 113
Korean Aerospace Industry- An Overview 113
5. LATIN AMERICA 114
Key Statistical Findings 114
Table 57: Latin American Aircraft Fleet Composition (2010):
Percentage Share Breakdown by Country - Brazil, Mexico,
Columbia, Chile, Venezuela, Argentina and Others 114
Table 58: Latin America Market for Business Jets (2009):
Percentage Breakdown of Market Share for Cessna, Bombardier,
Hawker Beechcraft, Embraer, Dassault, Gulfstream, Boeing,
Airbus and Others 114
Table 59: Latin America Market for Turboprops (2009):
Percentage Breakdown of Market Share for Hawker Beechcraft,
Gulfstream, Embraer, Cessna, Pilatus, Socato, Piper,
Bombardier and Others 115
Table 60: Latin American Aircraft MRO Market (2011):
Percentage Share Breakdown by Service Type - Engine
Maintenance, Components, Line, Airframe and Modifications 115
Table 61: Latin America Aircraft MRO Market (2011):
Percentage Share Breakdown by Country - Brazil, Mexico,
Chile, Colombia, Argentina, Venezuela, El Salvador, Panama,
Peru, Bolivia and Others 116
5a. BRAZIL 117
FIFA and Olympics to Drive Brazilian Growth 117
Aircraft MRO Sector 117
5b. MEXICO 118
Mexican Aerospace Market Outlook 118
6. THE MIDDLE EAST 119
The Haven of Defense Sectors 119
Dubai Eyes Global Aerospace Market 119
Key Statistical Findings 119
Table 62: Middle East Aircraft Fleet Composition (2011):
Percentage Share Breakdown by Country - UAE, Saudi Arabia,
Qatar, Bahrain, Kuwait, Oman and Non-GCC 119
Table 63: Middle East Aircraft MRO Market (2011): Percentage
Share Breakdown by Activity - Engine, Components,
Modification, AHM and Line 120
GLOBAL DIRECTORY
