IBISWorld has released the report “Aeronautical Engineering Services Procurement Category Market Research.” Topics covered include pricing environment, product characteristics, supply chain dynamics and key statistics. It is intended to assist buyers of aeronautical, also known as aerospace, engineering services.
According to the report, over the past three years, demand from the commercial sector has slowly rebounded with the uptick of research and development, in turn increasing the need for aerospace engineering services. The market should also continue to grow over the next three years, due to rebounding aircraft operators and manufacturers.
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Sources: Press materials received from the company and additional information gleaned from the company’s website.