Ceramic Industry News / Advanced Ceramics

U.S. Aerospace and MRO Market to Reach $100 Billion by 2016

January 16, 2012
/ Print / Reprints /
/ Text Size+

The U.S. aerospace industry, which was hit by recession in 2009, began showing signs of recovery in 2010 and is expected to reach $100 billion by 2016 with a CAGR of 6.9% over the next five years, according to “Opportunities in U.S. Aerospace and MRO Market 2011–2016,” a new report by Lucintel. Aerospace is a prominent driving factor in the U.S. economy, the study reports. Aerospace is not only a source of employment; revenues generated by exports support research and development activities. The aerospace industry has the largest trade surplus of all the U.S. manufacturing sectors, and is expected to maintain its robust export activity.

According to the study, major aerospace industry markets such as the U.S. and UK will likely reach saturation, whereas demand should increase from APAC nations such as China and India. Rising fuel prices are expected to generate demand for fuel-efficient aircraft, and the commercial and general aviation segment will propel the industry. Government purchases will drive the defense segment.

The U.S. maintenance, repair and operations (MRO) market captures approximately 45% of the world aerospace MRO market. The efficient air transportation system in the U.S. provides a solid market for MRO activities. U.S. aerospace MRO market is reportedly expected to reach $20 billion by 2016.

For more information, phone (972) 636-5056 or visit www.lucintel.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts


Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40