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As the Aerospace and Defence Market recovers, companies are expected to focus on innovation to develop new technologies and solutions, create new markets, and expand growth opportunities. Commercial aviation has weathered many downturns in the past, yet the recovery has followed quickly and the industry has been reliably returned to its long-term growth rate of approximately 5 percent per year. Despite uncertainties, 2011 passenger traffic rose to about 6 percent above 2010 levels. In the defence sector, the financial crisis that started in 2008 has led to austerity measures and defence budget cuts across the west. Whereas the rise of the rest, especially growing economies like China, India, Brazil, Turkey and others have created a tremendous shift in the global defence industrial sector. Aerospace and Defence Market


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