The Global Commercial Aircraft Market Outlook: 2016

The Global Commercial Aviation sector is witnessing its second golden age marked by burgeoning order backlogs across leading industry OEMs propelled by the introduction of technological innovations, especially, the next generation aerospace propulsion systems along-with strong tailwinds in the form of favorable market dynamics with rapid air traffic growth being witnessed across markets & regions and a sustained low crude oil price environment boosting overall airlines profitability.

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Airbus A-380 commercial aircraft
Airbus A-380 commercial aircraft

The tailwinds are projected to be sustained over long term with global air traffic projected to double itself by 2030, led by the APAC region.

The introduction of latest aircraft programs by the OEMs; incorporating next generation engine technologies translating into optimized operating economics & enhanced performance specifications, features & dynamics; has been a key driver of fleet renewals across airlines globally of-late besides enabling Airlines to open new routes and business concepts, thereby, providing potential, significant growth avenues.

With virtually everything in favor & almost nothing against it as of now, the global commercial aircraft market is projected to require over 32,600 new commercial aircrafts through 2034 worth $4.9 trillion, as per Airbus.

With virtually everything in favor & almost nothing against it as of now, the global commercial aircraft market is projected to require over 32,600 new commercial aircrafts through 2034 worth $4.9 trillion, as per Airbus.

The aircraft OEMs, thus, buoyed by the record order backlogs and having fine-tuned their medium term product portfolio strategies; are focusing their efforts on & planning ways to increase aircraft production rate over near term to meet original delivery schedules and to harness the long-term visibility of their order books effectively through optimization of industrial footprint and enhanced alignment of capital expenditure and allocation of resources with the order book position & demand trend.

All the OEMs, thus, are making significant investments towards expansion of their existing industrial base in-line with the planned, significant increase in aircraft production rate over near term and to support new, under development aircraft programs besides aligning & fine-tuning their strategies in-sync with emerging market trends & developments.

Apart from OEMs, other key players in the industry value chain, too, are making significant investments towards expansion of their existing industrial base in-line with & to support the planned, significant increase in aircraft production rate across OEMs over near term.

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