The global aircraft, engines, parts and equipment industry is expected to reach a value of more than $120 billion by 2015, according to research from Global Industry Analysts. A rising percentage of low-cost, short-haul airplanes deliveries are set to be made to the Asia-Pacific, after the rise of low-cost carriers (LCC) in this region in recent years. Developing countries are expected to provide good opportunities in coming years due to rising demand for military aircraft and increased air traffic, in particular along domestic short-haul routes.
Aircraft manufacturing and production stands to benefit from investments, provided by governments and other parties, in regional aviation infrastructure projects, including new terminal facilities. According to research from Visiongain, the global commercial aircraft parts manufacturer approval industry is expected to grow to $625 million between 2013 and 2023.