Global Aerospace Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Buyer Spend and Procurement Strategies

16 Aug 2011 • by Natalie Aster

China, India and the Middle East are predicted to be the fastest growing emerging markets for the aerospace industry. The expansion of business activities in emerging markets combined with strong economic growth, changing consumer lifestyles and a rise in disposable income has increased the levels of domestic and international air travel. Consequently, aerospace manufacturing processes have grown across numerous emerging countries.

The report “Global Aerospace Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Buyer Spend and Procurement Strategies” by iCD Research provides the reader with a definitive analysis of industry outlook and explores how opportunities and demands are set to change in 2011–2012. The report not only grants access to the opinions and strategies of business decision makers and competitors, but also examines their actions surrounding business priorities. It also provides access to information categorized by region, and company type and size.

The majority of aerospace industry buyer respondents will be increasing procurement expenditure over the next 12 months. The average size of the annual procurement budgets of for aerospace industry buyer respondents is US$XX million.

Overall, XX% of respondents from the aerospace industry buyer segment agree that in order to maintain and win their business, suppliers will have to improve customer service.

Report Details:

Global Aerospace Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Buyer Spend and Procurement Strategies

Published: July, 2011
Pages: 124
Price: US$ 2,000.00

Report Sample Abstract

Revenue growth expectations by turnover

For analyzing revenue growth expectations by company turnover, companies are classified as small, mediumsized or large based on the turnovers mentioned below:

  • Turnover less than US$100 million: small company;
  • Turnover between US$100 million–US$1 billion: medium sized company;
  • Turnover more than US$1 billion: large company.

Respondents from small companies are more optimistic about revenue growth than those from medium-sized and large companies, with 70% from small companies expecting growth in revenue in the next 12 months. This indicates that the recession could have leveled out the competition, resulting in smaller companies having fairer access to a wider audience to gain business. Small companies are very optimistic about revenue growth, driven by strong growth in the industry and various national government support programs for small businesses. For example, the introduction of the Small Business Administration 504 loan program, under the American Recovery and Reinvestment Act, in the US in February 2011 was aimed to help smaller companies survive the economic difficulties and establish themselves as stable entities. The scheme enables small and medium-sized businesses with very low business valuations to acquire new assets at considerably reduced rates. Under the scheme, fees charged by the SBA are waived and the refinancing of existing debt is allowed.

In recent times, small and medium-sized aerospace industry companies have emerged as the most soughtafter acquisition targets of large companies, and the trend has significantly increased the revenue growth expectations of large companies. For instance, PRV Aerospace, a portfolio company of Platte River Ventures, has acquired Quality Forming, a US-based manufacturer of large and complex high-value precision sheet metal components and assemblies for the aerospace industry. The acquisition enables PRV Aerospace to increase its business and strengthen its position in the aerospace and defense industry.

Many small- and large-turnover companies also intend to form wide-ranging joint ventures in order to effectively compete with major competitors in the industry. For example, in February 2011, Tata Advanced Systems, a subsidiary of Tata Sons Ltd., formed a joint venture company with Lockheed Martin. The new joint venture company, Tata Lockheed Martin Aerostructures, will manufacture aerostructures for C-130 aircraft.

Growth expectations in developed countries by company turnover

An analysis of growth expectations for developed countries by company turnover reveals that large companies showed inclination towards the US, Singapore, Taiwan, Hong Kong and Canada, while small and mediumsized companies favor UK, Japan, Singapore, Taiwan and Hong Kong.

More information can be found in the report “Global Aerospace Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Buyer Spend and Procurement Strategies” by iCD Research.

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