Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Several distinctive factors are anticipated to pose a challenge for the aircraft engines
and equipment industry such as the complexity of technology, its high regulatory,
quality and safety requirements, the critical importance of intellectual property safety in
sectors such as aircraft engine and avionics. Furthermore, the production of the
industry is lower than any other industry owing to the bulky products and the high level
of product design and customization. The U.S. and European standards are largely
based on the global aviation standards and are accepted worldwide. Air Control
Pollution Law is another regulation for conservation and safety of the environment.
Rolls Royce follows the Engine Health Management to keep track of the numerous
engines all over the world.
The market of Asia Pacific region is expected to grow at the substantially and at a
higher rate owing to the increasing population and consumer demand and growing
trade link between countries. Furthermore, growing modernization strategies and lowcost carrier supply by the Philippines is anticipated to foster Asia Pacific market.
Increasing cargo, passenger hubs, deregulation and inter-regional trade are few other
reasons which are anticipated to drive Asia Pacific market. The North American market
is estimated to witness sluggish growth on account of the reduced expenditure on
defense due to decreased involvement of the U.S. overseas. The Latin American
aircraft engine and equipment industry continue to evolve on account of economic
grow th,
market
liberalization,
new
investments
in
airlines,
infrastructure
and
liberalization market, cross-border airline consolidation and fierce competition. The
market of European region is expected to grow as low-cost carriers are anticipated to
drive efficiencies across the global aircraft engines and equipment industry. The market
of Middle East is anticipated to grow owing to its geographical location. Furthermore,
Gulf governments are leading investors in aviation projects fostering Middle Eastern
aircraft engine and components market forward.
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