2014-04-01 05:05:02 - Aircraft and Spacecraft in Indonesia: ISIC 353 - a new market research report on companiesandmarkets.com
Market for aircraft and spacecraft in Indonesia grows 16% in 2012, driven by developing airline industry which, however, is at threat of overcapacity. Sales of military aircraft recover during second half of 2007-2012 review period as country´s military disengages from financial constraints and political sanctions.
Government incentives to increase safety in airline business and consolidate the industry give stimulus to market. Local aircraft and spacecraft manufacturing industry suffers over review period, with turnover contracting by a third.
Over 2013-2018 forecast period industry is estimated to grow by 7% per annum on average, driven by growth in the country´s economy and the numbers of air passengers.
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