Aerospace Market Outlook Fall 2018: The market that continues to thrive

Aerospace Market Outlook Fall 2018: The market that continues to thrive

Sponsored by Mitutoyo America, this on-demand webinar reviews 2018’s performance and offers insights on what to expect in 2019.

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Education/Training Industry/Regulations Jet/Turbine Engines Military/UAV/UAS MRO

Expectations for the year remain on target for the overall commercial aircraft market to grow at 3.5% annually compared to 2.1% in 2017. North America aerospace demand is expected to be up 4.3% year over year. Lagging aircraft retirement and the need for additional shop visits for older aircraft are driving the maintenance, repair, and overhaul (MRO) market to nearly $72 billion this year as airliner and aeroengine original equipment manufacturers (OEMs) ramp up production for the growing, multi-year backlog.

Market analyst Richard Aboulafia, vice president of Teal Group, says the outlook for the aircraft industry is the best it has been in decades.

Kevin Michaels, managing director at AeroDynamic Advisory, notes aircraft production for 2017 was about $164 billion, and with a 5.8% CAGR for the next 4 years will lead to a market value of about $218 billion.

Learn more about the strong and growing aerospace industry in this on-demand webinar sponsored by Mitutoyo America.

Boeing Airbus Lockheed Martin GE Aviation Pratt & Whitney Bombardier Embraer Military Aviation Northrop Grumman MRJ/Mitsubishi Regional Jet CFM Int'l