Civil Aircraft Manufacturing in the US Forecast
The civil aircraft manufacturing industry is considered by many to be the technological backbone of the US manufacturing base. U.S. aircraft manufacturers depend heavily on the international market for their sales. Civil aircraft shipments are anticipated to register a fair growth and account for over $50 billion by 2015. Aerospace manufacturing comprises nearly three percent of the nation's manufacturing workforce and employs over 500,000 Americans in high skilled and high-wage jobs, hence contributing to the overall economic growth significantly.
During the period that followed after the attacks of 9/11 on the US, civil aircraft shipments dipped majorly and missed out on accounting for any growth whatsoever. The aftermath of this was a salient cutback in air travel which eventually led to a steep reduction in civil aircraft shipments, especially commercial ones. It was not until 2005-2007 that the industry managed to recover and get back on track again.
The U.S. civil aircraft manufacturing industry is composed of major firms such as Boeing, United Technologies, Gulfstream Aerospace, and Textron, amongst others.
Established aerospace manufacturing centers are located in the Washington State, California, Texas, Kansas, Connecticut and Arizona. The industry encountered a major slump in market again after the 2008 recession crisis. However, growth was experienced in 2009 and 2010 only because of other sub-divisions such as general aviation aircrafts that included business jets and helicopters.
The aerospace industry by its very nature is cyclical - with industry-specific cycles seemingly occurring approximately every 10 years - and being highly susceptible to changing international situations and market forces that are often beyond its control.
Commercial aircraft manufacturing sales are directly tied to the health of the airline industry, and a host of factors can influence demand for air travel, including increased economic activity, regional conflicts, terrorism, and disease outbreaks. It also remains influenced by fuel costs, excise duties and changes in prices of raw materials such as aluminum, steel etc.
Environmental concerns too are a matter of constant pressure on the industry. But, no matter how many lows this industry has been through, it always has managed to rescue itself out of it just in time. And this steadiness is what makes this industry a tough competitor to its other counterparts across the globe.
In this industry scenario, Synergyst analyzes the Civil Aircraft Manufacturing Industry in the United States. The report covers the following:
• An analysis of the US civil aircraft manufacturing industry including market statistics, the fleet of US civil aircrafts, industry trends, industry structure, monopsony power of airlines, the dominance of big players in the industry, and the trade of civil aircrafts in the US.
• Product developing in the industry is analyzed through an overview of product development, product diversity, production methods, and the presence of increasing returns to adoption.
• Industry segmentation is analyzed through the following segments, general aviation, helicopters and transport aircrafts, further broken down into commercial airliners and regional and other transport aircrafts.
• Challenges facing the industry are analyzed, followed by an analysis of the major industry players through a company overview, analysis of business segments, presence in the industry of the major players, and a SWOT analysis.
• Industry forecast is segmented into an outlook for general aviation, outlook for helicopters market, and an outlook for transport aircrafts and segments. An overall market outlook is also included.
Synergyst 's report on the Civil Aircraft Manufacturing in the US is a comprehensive coverage of an industry which seems likely to experience a good growth rate in the coming years.
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