Reportlinker.com has unveiled a market research report, "Aerospace Industry Forecast to 2013," which reveals that growing air travel and wars around the world are driving the global aerospace industry.
The civil aerospace segment is predicted to grow at a faster pace than the defense segment, according to the report. It is estimated that by the end of 2027, the world's airlines will take delivery of 29,400 civil airplanes with total value of $3.2 trillion.
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