ICD Research White Papers
Buyer Spend Activity and Procurement Behaviours and Strategies in the Aerospace Industry - 2011-2012
This report is the result of an extensive survey drawn from ICD Research's exclusive panel of leading aircraft manufacturers, airline and aircraft operators and aerospace maintenance, repair and overhaul (MRO) companies and suppliers. This report provides a definitive analysis of industry outlook and explores how opportunities and demands are set to change in 2011-2012.
Across the aerospace industry, 66% of respondents are more optimistic about revenue growth for their company over the next 12 months than the previous 12 months. Reasons behind this trend include strong growth in air travel around the world for both civilian and military purposes, decreased global economic uncertainty, strong growth in emerging markets such as India, China, Mexico and Brazil, and the growing demand for new, fuel-efficient aircraft following rising jet fuel prices. Demand for aircraft will grow strongly in 2011-2012 with more solid rates of global economic recovery encouraging overall business growth.
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