Aerospace

Peter Nolan
Additional contact information
Peter Nolan: University of Cambridge

Chapter 4 in China and the Global Business Revolution, 2001, pp 141-240 from Palgrave Macmillan

Abstract: Abstract The aerospace industry has special characteristics tending to push the industry towards large firm size and high levels of concentration. Moreover, the forces pushing in this direction have accelerated sharply since the 1980s. By the late 1990s, it had become one of the most concentrated of all industries. In civil aircraft, there was an effective global duopoly, and in aero-engines a triopoly. In the defence sector, a mere four firms now dominated in the USA. In Europe, the entire industry was in the throes of explosive concentration. It is possible that within a short time there will be one massive European aerospace company spanning the production of both civil and military aircraft. The barriers to entry for developing country aircraft and engine manufacturers have grown drastically in recent years, making the possibility of any developing country building a powerful indigenous industry much less than a decade or two ago.

Keywords: Aerospace Industry; Aircraft Industry; Aviation Industry; Military Aircraft; Civilian Aircraft (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52410-1_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230524101

DOI: 10.1057/9780230524101_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().