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Market Analysis

In terms of its market perspective, CORSAIR will focus directly on the aeronautical segment, while it will certainly have wider impact on other transportation segments such as automotive and railway.

Currently, the European aircraft industry employs 380,000 directly and a further 650,000 indirectly through its supply chain, which includes a significant number of SMEs. The American aircraft industry employs 680,000 directly. The predicted growth in aircraft traffic is expected to be 5% per annum, and it is forecasted [Global Market Forecast 2001-2020, Airbus] that until 2020 the world jetliner fleet will grow to nearly 11,000 aircrafts. Considering the number of aircrafts to be retired in this period of time, 15,800 passenger aircrafts and freighters will be delivered until 2020, representing a potential market of about €1500 billion.

This means that both the old aircraft can increase their lifetime and new airplanes can be developed taking into account the benefits obtained by CORSAIR for the management of MRO operations.

The success of CORSAIR will significantly enhance the competitiveness of European aerospace industry. It will also contribute in maintaining the leading edge against global competitors while at the same time leaving the window open for cross-industry cooperation, allowing to achieve as wide a number of applications as possible.

The technologies and tools that will result from this proposal are essential to achieve these goals but they will also lead to an increased role of synergistic industries such as sensors, electronics, processing units and parts manufacturers, as well as opportunities for the employment of highly skilled professionals.