Industry Analysis & Industry Trends
The Global Commercial Aircraft industry has experienced some turbulence over the past five years. Emerging economies' buoyant demand for air travel and fleet expansion fueled strong revenue growth in the beginning of the period. Strong demand helped build a considerable backlog of orders for major players, which helped cushion the drop in demand during the recession. Revenue declined 3.9% in 2009, but new aircraft deliveries and renewed global economic growth have since allowed revenue to recover. After several delays, the Boeing delivered the 787 aircraft in 2011; rival company Airbus Group (formerly EADS) has also experienced strong demand for its A380 and A320neo aircraft. As a result of these trends, IBISWorld expects industry revenue to grow at an annualized rate of 3.2%... read more
The five years through 2014 have presented both opportunities and challenges to the Global Commercial Aircraft Manufacturing industry. Periods of high unemployment, low per capita disposable income and overall economic uncertainty negatively affected leisure travel and weakened downstream demand from commercial air carriers. While sluggish economic growth and low business sentiment lowered potential investments in new aircraft, a rising concern over fuel economy has generated a new area of focus for technological development.
In 2009, industry revenue contracted 3.9% due to the global economic downturn, particularly the US and Eurozone recessions, which constrained demand in this industry's two most mature markets... read more