The commercial aviation market is expected to grow at a significant rate over the coming years on account of increasing passenger air traffic. The uptake of the air logistics market is also projected to ease transportation of bulk goods at a faster rate. According to a recent report by Boeing, a pioneer aircraft manufacturer, the global aircraft manufacturing industry will resume growth with a 0.3% increase from 2017. The growth is attributed to the strong demand for next generation aircraft on account of increasing air traffic in Asia Pacific and Central & South America. Boeing estimates that its production is likely to touch 52 per month by 2018. Increasing budget allocations to the defense industry is also expected to positively impact growth. Large spending is observed in weapon upgradation, unmanned systems, cyber security, threat intelligence, and other communication systems.

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