Advances Will Be Driven By Rising Demand For Air Travel In Developing Regions

US civil aircraft shipments are forecast to reach $98.3 billion in 2021, according to Civil Aircraft: United States, a report recently released by Freedonia Focus Reports. Continued gains in world GDP, particularly in developing regions, are projected to boost US civil aircraft production. The US civil aircraft industry is highly reliant on export markets, and hence a growing world economy represents a major driver of US production.

Rising incomes in developing regions such as Asia and Africa boost demand for air transport services, which supports US aircraft orders. For instance, Boeing reports that Juneyao Airlines – a Chinese operator – ordered five 787-9 aircraft in February 2017, while SpiceJet – an Indian airline – ordered 100 737 aircraft in January 2017. However, domestic producers face significant competition from foreign firms. For example, Boeing competes with Airbus, Embraer, and Bombardier. In addition, a number of countries (eg, Russia, China) are attempting to create or further cultivate aerospace industries. The existence of competitive modes of transport, such as high-speed rail in Europe and Asia, also constrains demand.

These and other key insights are featured in Civil Aircraft: United States. This report forecasts US civil aircraft shipments and demand in US dollars at the manufacturers' level to 2021. Total shipments are segmented by product in terms of:

• transport jet
• business jet
• helicopter
• turboprop
• piston

The scope of this report covers new, completed civil aircraft. Excluded are sales of used aircraft as well as sales of individual engines and other parts. Unpowered aircraft, unmanned aerial vehicles (or drones), military aircraft, and space vehicles are also excluded.

To illustrate historical trends, total shipments, total demand, the various shipment segments, and trade are provided in annual series from 2006 to 2016.

(Source: Fredonia Focus news release)

FMI: www.freedoniafocusreports.com/Civil-Aircraft-United-States-10829511