The most interesting when it comes to Aircraft Engines Market

Data is interesting as it shows that, the aircraft engines market is mainly driven by the increase in aircraft orders and fuel efficiency of new aircraft engines. However, existing backlogs in aircraft deliveries are restraining the growth of the aircraft engines market.

According to Research and Markets, the aircraft engines market is projected to grow from an estimated USD 68.05 billion in 2017 to USD 92.38 billion by 2022, at a CAGR of 5.23% during the forecast period.

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Major growth drivers of the testing market in the composites industry

Very interesting to observe that, increasing production of composites rich commercial and regional aircraft, development of new composite applications in different industries, an advancement in materials, increasing investment in research & development, increasing demand for light-weight materials, and rising quality and safety standards are major growth drivers of the testing market in the composites industry. According to Research and Markets, the global composites testing market was valued at US$ 1,189.7 million in 2016 and is projected to witness an excellent CAGR of 7.2% over the next five years to reach US$ 1,819.9 million in 2022.

Here is what explains the growing adoption of courier management software

For many analysts , the increasing need for inventory level management and the movement of goods in real time to minimize the lack-of-stock situations are the major reasons for the growth of the market. Increased product availability and reduced inventory costs are also driving the market growth, according to Technavio Research.

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