While declining budgets will shrink the defense aerospace market, the commercial aerospace market will see record growth in aircraft production, according to a Deloitte study released on Thursday. The global aerospace industry will grow by 5 percent in 2014, but nearly all of that expansion will be from the commercial sector. The exponential rise in passenger air travel has seen increased demand for aircraft. Deloitte expects single- to double-digit growth in the aerospace supply chain to keep pace with aircraft…
