From 2005 to 2014 the world is estimated to produce 36,896 aircraft for both civil and military use, British paper Defense News quoted Teal Group as saying on Dec. 12.

Their total market value will be $1.012 trillion, including $311.5 billion for military market and $701.4 billion for civil market, all in 2005 dollars.

The Teal Group forecast numbers exclude uninhabited aircraft (UAVs), non-turbine aircraft, maintenance, overhaul, upgrades, and research. If all of these are included, the industry would be worth about $3 trillion to the world's economy over the next 10 years.

Additional Teal Study Findings are:

-- Over half of the new build market -- $570.6 billion -- comprises commercial transports (including regional aircraft). Fighters are second, worth $141.8 billion.

-- Compare these numbers with the last ten years (1995-2004), which saw deliveries of 30,575 aircraft worth $820.5 billion (also in 2005 dollars), despite the cyclical ups and downs, this represents 23% growth.

-- Boeing's jetliner product line rejuvenation is leading to growing market success. Boeing's success, coupled with Lockheed Martin's F-35 and broad US defense export market dominance, means great things for the US's share of the industry. US primes are gaining global market share, largely due to their successful embrace of globalization.

-- Europe looks set to retain its market share during our forecast period, although European industrial restructuring has not reached its ultimate conclusion. And if Boeing's lead accelerates, or if the F-35 fulfills its most ambitious expectations, Europe's share could erode.

-- Numerous macroeconomic trends are hurting non-traditional producers (those outside the US and Europe). These 'emerging' producers will actually have a smaller share of the market by the end of our forecast period, although thanks to increased outsourcing by the US and European primes, many non-traditional players will still prosper.

By People's Daily Online