Uncategorized

Teal Group: Aviation Industry Poised for Historic Growth

By Gally Articola | April 17, 2007
Send Feedback

Richard Aboulafia, vice president of analysis for The Teal Group, a widely followed aviation consultancy, will emphasize explosive growth in all sectors of the aviation business in a forthcoming webinar, entitled, The Paris Air Show: Predictions, Advice & Insider Information. The webinar, scheduled for May 24, will focus on news, trends, events, and industry statistics that are likely to emerge at The Paris Air Show in June, the aviation industry's premier event. The avionics niche is scheduled to receive special attention from the speakers, who include Aboulafia and Michel Merluzeau, consultant with Frost & Sullivan.

“The world aircraft industry is firing on both cylinders. The first simultaneous civil and military market upturn in decades is giving most primes a boost. While a handful of subsegments and programs are weak, the supplier base has the diverse program exposure necessary to enjoy this broader growth,” says Aboulafia.

Other aircraft production findings Teal Group will detail at the May 24 webinar include:

  • Production of 42,499 aircraft worth $1.253 trillion is forecast between 2007 and 2016.

  • The military component of this market is worth $342.7 billion, while the civil sector is worth $910.1 billion.

  • Over the last ten years (1997-2006), 32,149 aircraft worth $922.4 billion were delivered.

At the webinar, sponsored by Aviation Today, Aboulafia will explain that Boeing’s jetliner product rejuvenation coupled with Lockheed Martin’s F-35 and broad U.S. defense export market dominance means expansion of the United States’ share of the industry, and with it dominance in leading edge technologies in such areas as avionics. Europe looks to retain its market share during the next decade, although European industrial restructuring has not reached its ultimate conclusion. To register for the webinar, click here.

Receive the latest avionics news right to your inbox