Aerospace manufacturers are reportedly moving their manufacturing investments to the US, according to the latest data from consultancy firm ICF International.
The consultancy firm said that China and other emerging economies have attracted aerospace investments during the past decade; however, the companies are now focusing on the US market, reported Reuters.
As part of its study, ICF analysed data from more than 2,000 transactions since 2000.
The US was found to have attracted 28 manufacturing investments from 2012 to 2013, while China and Mexico with eight each and four in Brazil.
ICF vice-president Kevin Michaels was quoted by the news agency as saying: "The US at this point in time has become the hot spot in aerospace manufacturing.
"Three years ago, it looked like everything was heading to China. Now that’s changed."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn recent years, commercial aircraft manufacturers have been exploring ways to reduce costs within the supply chain, to offset declining air travel prices.
For instance, Boeing is planning in-house production of components for the 787 Dreamliner in line with effort to cut outsourcing costs, while European giant Airbus is constructing an assembly line in Alabama.
Among the US states, Florida is stepping up efforts to attract aerospace manufacturers, Reuters reported.
The state already has five aerospace manufacturing facilities, including Boeing, Airbus, Gulfstream and two Embraer, and more than 500 aerospace and defence companies.
