Automotive & Transportation Market Analysis Aircraft Engine & Equipment Market Research Report | Seite 3

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. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/