NEW YORK, Jan. 23, 2013 /PRNewswire/ -- Aviation Week released an exclusive series of 2013 market forecast summaries and analytical tools to help subscribers analyze the growth, stability and risk areas for the global aviation, aerospace and defense industries. This proprietary data and insight is a comprehensive release for Aviation Week, the industry's largest multimedia information and services provider.
New fleet and MRO databases provide the analytical foundation for Aviation Week & Space Technology's (AW&ST) "Aerospace & Defense 2013" issue as well as the new MRO forecasting tools for commercial, military, helicopter and business aviation aircraft. Global military analysis, detailed commercial MRO insights, outlooks for individual industry sectors, five-year forecast data for combat aircraft, military transports, rotorcraft and commercial aircraft deliveries, as well as detailed analyses of projected MRO demand are all part Aviation Week's global team of journalists and analysts –subject matter experts on technology, engineering, supply chain and manufacturing —forward-looking insight that includes:
- Aerospace & Defense 2013 - For the large commercial aircraft sector, orders will moderate, but production rates will increase to record levels. First flights of key new aircraft are scheduled: the Airbus A350, Bombardier CSeries and Mitsubishi MRJ. Business aviation remains flat, but the rotorcraft sector is rebounding.
- Commercial MRO - Civil MRO worldwide remains robust for the next decade, enjoying annual growth of roughly 3.1%. Engine maintenance dominates the outlook, with an annual growth rate close to 4% and its share among the five MRO segments will grow from 39% in 2013 to 42% in 2022.
- Military MRO - While global growth remains flat, spending is robust across all categories, with component maintenance (all types) growing fastest at a CAGR of .5%.
- Helicopter MRO - 10-year forecast projected at $23 billion for civil helicopter airframe MRO.
"If there is one theme that recurs frequently through Aerospace & Defense 2013, it is China and its growing financial, industrial, political and military influence on aerospace and defense globally," says Graham Warwick, Managing Editor, Technology, AW&ST. "By flying two new stealth fighter prototypes, operating an aircraft from a navy carrier for the first time and unveiling a range of unmanned-aircraft designs over the past two years China, at least in the eyes of the public, has narrowed the U.S.'s technological lead."
"In the past two years or so, jet aircraft useful life for both passenger and freighter have reduced if we compare the statistics with those from five years ago," says Yen-Pu Paul Chen, Director, Forecasts & Analytics, Aviation Week. "As a result, a significant portion of the deliveries will serve the purpose of filling the capacity gaps as opposed to providing additional capacity for growth purpose."
"This is a historic, transformative time for Aviation Week and our industry," says Greg Hamilton, President, Aviation Week. "As the U.S defense budget faces unprecedented pressure and uncertainty, the commercial aviation manufacturing and supply chain base is under incredible pressure to meet demand. We are excited to expand our capabilities to provide industry leaders the tools to make informed decisions — from strategy to business development — at a time when clarity and ROI is most needed."
Current AW&ST subscribers have access to Aerospace & Defense 2013 at http://www.aviationweek.com/awin. For more on the Fleet and MRO forecasts and data, visit http://awin.aviationweek.com/forms/FleetMRO.
About Aviation Week:
Aviation Week, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider for the global aviation, aerospace and defense industries. Industry professionals rely on Aviation Week for analysis, marketing and intelligence. Customers include the world's leading manufacturers, suppliers, airlines, militaries, governments and other organizations that serve this global market. Aviation Week produces data and analytics services including the Aviation Week Intelligence Network (AWIN), industry-leading events around the world, as well as ShowNews and Business & Commercial Aviation.
On July 2, 2012, the group's flagship Aviation Week & Space Technology (AW&ST) relaunched with an even greater focus on technology, business and operations that has long been the brand's hallmark. In addition to civil, military and space, AW&ST's market coverage is further expanded with new monthly Defense Technology and MRO editions to include land and sea and aftermarket insights.
Aviation Week's 2012 digital expansion includes a redesigned AviationWeek.com for deeper community engagement and navigation and a comprehensive technology upgrade to the Aviation Week Intelligence Network (AWIN). AWIN, the industry's essential integrated business tool, now has increased capability through more fleet and MRO data and an expanded team of data analysts.
About The McGraw-Hill Companies:
The McGraw-Hill Companies (NYSE: MHP), a financial intelligence and education company, signed an agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC in November 2012. Following the sale closing, expected in early 2013, the Company will be renamed McGraw Hill Financial (subject to shareholder approval) and will be a powerhouse in benchmarks, content and analytics for the global capital and commodity markets. The Company's leading brands will include: Standard & Poor's, S&P Capital IQ, S&P Dow Jones Indices, Platts, Crisil, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Company will have approximately 17,000 employees in more than 30 countries. Additional information is available at www.mcgraw-hill.com.
SOURCE Aviation Week