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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | A few countries dominate the global aerospace production in 2010, with major industry players being involved in both aeronautics and space systems (Table 25.2). The United States and European countries remain the prominent aerospace markets, with sales in the United States representing some USD 214 billion for 2009, followed by Europe, Canada and Japan. However, China, India, Mexico and Brazil are emerging as important customers of aerospace products. The aerospace sector is one of the fastest globalising industries in terms of both market structure and production system. In addition to satellite systems, new aeronautic markets are developing based on the growth in air traffic worldwide (expected to continue rising 4.9% on an annual basis over the next 10 years), and increases in military aerospace expenditures. Despite its strategic nature, aerospace represents a small percentage of the total manufacturing value added in G7 countries (Figure 25.4). The percentage for all G7 countries remains below 4% of the total in 2008 (Figure 25.3). |
| Page Count | 2 |
| Starting Page | 108 |
| Ending Page | 109 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2011-07-22 |
| Access Restriction | Open |
| Subject Keyword | Development Science and Technology Economics |
| Content Type | Text |
| Resource Type | Chapter |
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