Aerospace & Defense :
Amidst numerous downturns like recession
and failing economic equation, global aviation and defense market is
recuperating at a phenomenal pace. Different sectors like commercial aviation,
homeland security and defense in the aerospace market are quickly returning to their
long-term growth rates. Despite all the uncertainties and challenges that the
industry is facing, the market is growing at an estimated rate of over 5% per
year. Commercial passenger traffic on the other hand is also expected to grow
by more than 6% for the decades to come. Commercial aviation sector is also
concentrating on meeting the growing needs for efficient aerial transportation.
Global defense industrial sector has made a
dramatic shift in terms of power and long-term goals. Struggling with financial
crisis, budget cuts to austerity measures, and the defence market is now
shifting focus towards developing economies of the world. Changing defense
culture and inclusion of high-tech advancements in defense technology are
boosting the companies to take risk and make bold decisions as far as this
sector is concerned. Unmanned technology, cyber security, communication
technology and adaptation of commercial applications technologies are expected
to brighten up the defense sector.
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