Tracking What Matters Most
According to a new research study published on November 2013, the aerospace and defense market is expected to reach $248.2 billion (USD) by 2018. This growth will be supported primarily within the application sectors engineering/aeronautics (body), inflight entertainment, avionics and engine.
Globally, the avionics and engine industry together account for approximately 39 percent of the market, which is expected to support the aerospace and defense electronics industry going forward. Geographical analysis also shows that the highest Compounded Annual Growth Rate (CAGR) of 14.2 percent is anticipated from the Asia-Pacific region during the analysis period (2011- 2018).