Aircraft parts manufacturing, repair & maintenance industry includes establishments involved in developing prototypes and manufacturing aircraft engine and engine parts, other aircraft parts, auxiliary equipment, modifications or conversions and complete overhauling and rebuilding of aircraft.
The top five companies covered are United Technologies Corp., General Electric Company, The Boeing Company, Safran S.A and Airbus Group. United Technologies Corporation was the largest company in the aircraft parts manufacturing, repair & maintenance market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global aircraft parts manufacturing, repair & maintenance market was valued at around $300 billion in 2017. North America was the largest region in the aircraft parts manufacturing, repair & maintenance market in 2017, accounting for nearly 45% share in the market. The USA was the largest country in the market in 2017, accounting for more than 20% share.
Aircraft Health Monitoring System (AHMS) is cutting the maintenance, repair and overhaul cost. Replacing visual inspections, X-ray, penetrant testing and other the traditional inspection procedures with AHMS may reduce the inspection time from hours to minutes. AHMS is supported by data processing systems, machine learning, and economical IoT-enabled sensors. This system also helps the airlines to make processes faster with less maintenance. Companies including Airbus, Boeing and GE are adopting this technology for better efficiency.