By 2015, the global aerospace and defense market is to achieve revenues of $399 billion, according to a new report available on companiesandmarkets.com. Increasing air traffic, commercial airline expansion, and expenditure in the military and defense industries are expected to increase revenues in the short and medium term.

The United States will maintain its position as the largest aerospace and defense market, while the Asia-Pacific region will experience fastest growth during the reporting period, at over 3%. Growth is being triggered by increased air traffic and demand for commercial aeroplanes in countries like India and China. Growth of 3.7% in the modelling, simulation and training segment has come from the urgent need to train new pilots.

The recession hit the commercial aviation industry of the developed regions particularly hard. Fewer passengers meant fewer flights, leaving airlines to cancel or postpone aircraft orders. Airbus, Boeing and other players in the aerospace and defense industry may have large order books and a backlog of work, but this cannot be relied upon during extended periods of economic depression. Military and defense expenditure fared less badly as the long term military strategies of major regions rely on a sustained level of expenditure; while less powerful nations were not able to retain their military budgets.

Political, economic, social, technological, legislative and environmental considerations all have a significant impact upon the aerospace and defense market, and rate of post-recessional recovery will vary.

Companies referenced within the 1,547 page aerospace and defense report include ATR, BAE Systems Plc, Bell Helicopter Textron Inc, Cessna Aircraft Company, EADS, Finmeccanica S.p.A., GE Aviation, Lockheed Martin Corporation, Northrop Grumman Corporation, Pratt & Whitney, Raytheon Company, Rolls-Royce Plc, Snecma SA, Thales Group, and Turbomeca SA, among numerous others.

Aerospace and Defense Industry: A Global Strategic Business Report provides a detailed assessment of market, including forecasting data by key geographies and product sectors, trend analysis and drivers for growth, product/technology innovation and introduction, and company profiles.

Aerospace and Defense Industry: A Global Strategic Business Report

http://www.companiesandmarkets.com/Market-Report/aerospace-and-defense-industry-a-global-strategic-business-report-542828.asp