Canadian Aerospace Industry Future Outlook

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					RNCOS                          Canadian Aerospace Industry Future Outlook
Online Business Research




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RNCOS                                                  Canadian Aerospace Industry Future Outlook
Online Business Research




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                            © Canadian Aerospace Industry Future Outlook
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RNCOS                                           Canadian Aerospace Industry Future Outlook
Online Business Research




Executive Summary
Canada has been at the forefront of the global aerospace industry growth during the past few
years. The market experienced one of the world’s fastest growths and positioned itself as the
5th largest aerospace market globally. Canadian expertise on aircraft (both civil and military)
manufacturing has been globally acclaimed and its MRO industry is on its way to become a hot
spot for global aerospace majors.


According to our new research report, “Canadian Aerospace Industry Future Outlook”,
Canada with its CAD 22.1 Billion aerospace industry ranked 5th globally in 2009. The economic
slowdown has had a negative impact on the industry’s growth in 2009 with aircraft and parts
orders cancellation from the US and the EU markets. In the continual of sluggish demand and
reduced air traffic scenario, the situation remained subdued even in 2010 and the industry
posted year on year negative growth results. However, a slow but steady market rebound is
anticipated in early 2011 on the back of increasing defense spending and recovery in major
exports market like the US, France, and Middle East.


Further, even in the wake of economic slowdown, MRO sub-sector has not felt the impact as
much as aircraft manufacturing because the maintenance schedule on existing planes is
essential and unavoidable. Although, grounding of some fleets slightly slowed the potential
growth of this market, the MRO market is set for a glittering future backed by various factors
discussed and analyzed in the report.


Our report, “Canadian Aerospace Industry Future Outlook”, is an outcome of extensive
research and thorough analysis of the Canadian aerospace market potentials. It provides
information/statistics on historical, current, and forecasts for all prominent market segments
including, civil and military applications and product category such as, aircrafts and parts,
MRO and engine and parts. The report also facilitates brief overview of all important
aerospace clusters in Canada and industry developments taking place in them.


Most importantly, the report also provides industry forecast based on correlation of past
drivers, challenges, and opportunities for expansion. In this way, the report presents a
complete and coherent analysis of Canada aerospace industry, which will prove decisive for
clients.


© RNCOS                                    Page 3
RNCOS                                                                           Canadian Aerospace Industry Future Outlook
Online Business Research




                                                                Table of Contents

1.   Analyst View ........................................................................................................................................ 7
2.   Emerging Industry Trends ................................................................................................................. 8
  2.1     Falling Air Passenger Traffic - Cause of Concern......................................................................... 8
  2.2     Growing Market for Unmanned Vehicles ...................................................................................... 9
  2.3     Increasing Defense Spending ..................................................................................................... 11
  2.4     Lower Operating Costs - Sustaining Investment Attractiveness................................................. 12
3. Industry Performance & Future Outlook till 2013 .......................................................................... 13
  3.1     Industry Overview ....................................................................................................................... 13
  3.2     Industry Segments ...................................................................................................................... 16
     3.2.1      Civil Applications ................................................................................................................. 16
     3.2.2      Military Applications............................................................................................................. 18
  3.3     Product Category ........................................................................................................................ 20
     3.3.1      Aircraft, Aircraft Parts & Components ................................................................................. 21
     3.3.2      MRO .................................................................................................................................... 23
     3.3.3      Engines & Engine Parts ...................................................................................................... 25
  3.4     Exports Developments ................................................................................................................ 27
  3.5     Employment Status ..................................................................................................................... 29
  3.6     Investments ................................................................................................................................. 30
4. Aerospace Cluster Analysis ............................................................................................................ 32
  4.1     Quebec........................................................................................................................................ 32
  4.2     Ontario......................................................................................................................................... 36
  4.3     Alberta ......................................................................................................................................... 38
  4.4     Manitoba...................................................................................................................................... 41
5. Competitive Landscape.................................................................................................................... 43
  5.1     Bombardier.................................................................................................................................. 43
  5.2     CAE Inc ....................................................................................................................................... 45
  5.3     Magellan Aerospace Corporation................................................................................................ 47
  5.4     Heroux-Devtek Inc. ..................................................................................................................... 48
  5.5     ExelTech Aerospace Inc. ............................................................................................................ 49




© RNCOS                                                                Page 4
RNCOS                                                               Canadian Aerospace Industry Future Outlook
Online Business Research




List of Figures:

Figure 2-1: Unmanned Vehicles Market (Million US$), 2007, 2009 & 2011 ............................................... 10
Figure 2-2: Defense Spending (Billion US$), 2008-09 & 2009-10 .............................................................. 11
Figure 2-3: Comparative Annual Operating Expenses of Aerospace Sector by Country ........................... 12
Figure 3-1: Aerospace Industry (Billion CAD), 2008-2013.......................................................................... 14
Figure 3-2: Share in Global Aerospace Industry (2009 & 2013)................................................................. 15
Figure 3-3: Aerospace Industry by Civil Applications (Billion CAD), 2008-2013 ........................................ 17
Figure 3-4: Aerospace Industry by Military Applications (Billion CAD), 2008-2013.................................... 19
Figure 3-5: Aerospace Industry by Product Category (%), 2009 ................................................................ 20
Figure 3-6: Aircraft and Aircraft Parts Market (Billion CAD), 2008-2013 .................................................... 22
Figure 3-7: MRO Market (Billion CAD), 2008-2013 .................................................................................... 24
Figure 3-8: Engines & Engine Parts Market (Billion CAD), 2008-2013 ...................................................... 26
Figure 3-9: Aerospace Industry Exports (Billion CAD), 2008-2010 ............................................................ 28
Figure 3-10: Aerospace Industry Exports by Region (%), 2009 ................................................................. 28
Figure 3-11: Employment in Aerospace Industry (‘000), 2007-2009 .......................................................... 29
Figure 3-12: Aerospace Industry Investments (Billion CAD), 2007-2009 ................................................... 30
Figure 3-13: Aerospace Industry Investments by Sector (%), 2009 ........................................................... 31
Figure 4-1: Alberta - Aerospace & Defense Industry by Sector (%), 2009 ................................................. 39
Figure 4-2: Alberta - Aerospace Product and Parts Manufacturing Exports by Country (%), 2009 ........... 40
Figure 4-3: Manitoba - Aerospace Industry by Sector (%), 2009................................................................ 42




© RNCOS                                                      Page 5
RNCOS                                                              Canadian Aerospace Industry Future Outlook
Online Business Research




List of Tables:

Table 2-1: Air Passenger Traffic by Category (Million), 2007-2009.............................................................. 8
Table 4-1: Quebec - Aerospace Industry Snapshot (2009) ........................................................................ 32
Table 4-2: Quebec - Details of Major Aerospace Companies (2009) ......................................................... 34
Table 4-3: Quebec - Details of Major MRO Companies ............................................................................. 35
Table 4-4: Ontario - Aerospace Industry Snapshot (2009) ......................................................................... 37
Table 4-5: Alberta - Aerospace & Defense Industry Snapshot (2009) ....................................................... 38
Table 4-6: Manitoba - Aerospace Industry Snapshot (2009) ...................................................................... 41




© RNCOS                                                    Page 6
RNCOS                                          Canadian Aerospace Industry Future Outlook
Online Business Research




1. Analyst View
The Canadian aerospace industry has witnessed an impressive growth during the past few
years, with major contribution from the civil aviation segment. The market growth has been
strongly supported by the demand from the US and European countries. Although 2010 was
not an encouraging year for the industry as air passenger traffic and export market
performance subdued, recovery is inevitable in 2011 with the developments especially in the
US market.


Although military applications constitute small share in the aerospace industry, Canada’s
competency in fighter jets and helicopters makes it a favorable destination for military
application manufacturing hub and export base. Although the segment is expected to witness
some rays of hope in late 2010 with some fighter jets order, we see 2011 to be of slow
recovery. The defense spending will increase in 2011, which will certainly prove to be a
panacea for the military pr
				
DOCUMENT INFO
Description: Canada has been at the forefront of the global aerospace industry growth during the past few years. The market experienced one of the world’s fastest growths and positioned itself as the 5th largest aerospace market globally. Canadian expertise on aircraft (both civil and military) manufacturing has been globally acclaimed and its MRO industry is on its way to become a hot spot for global aerospace majors. According to our new research report, “Canadian Aerospace Industry Future Outlook”, Canada with its CAD 22.1 Billion aerospace industry ranked 5th globally in 2009. The economic slowdown has had a negative impact on the industry’s growth in 2009 with aircraft and parts orders cancellation from the US and the EU markets. In the continual of sluggish demand and reduced air traffic scenario, the situation remained subdued even in 2010 and the industry posted year on year negative growth results. However, a slow but steady market rebound is anticipated in early 2011 on the back of increasing defense spending and recovery in major exports market like the US, France, and Middle East. Further, even in the wake of economic slowdown, MRO sub-sector has not felt the impact as much as aircraft manufacturing because the maintenance schedule on existing planes is essential and unavoidable. Although, grounding of some fleets slightly slowed the potential growth of this market, the MRO market is set for a glittering future backed by various factors discussed and analyzed in the report. Our report, “Canadian Aerospace Industry Future Outlook”, is an outcome of extensive research and thorough analysis of the Canadian aerospace market potentials. It provides information/statistics on historical, current, and forecasts for all prominent market segments including, civil and military applications and product category such as, aircrafts and parts, MRO and engine and parts. The report also facilitates brief overview of all important aerospace clusters in Canada and industry dev
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