Aircraft And Components Manufacturing Global Market Report 2018

Aircraft And Components Manufacturing Global Market Report 2018
Starting Price : $ 6000.00 | Pages : 250 | Published : February 2018

SKU CODE : 3326 | Format :

The aircraft and components manufacturing industry includes establishments manufacturing aircraft, aircraft engine and engine parts and other aircraft parts and auxiliary equipment.

North America was the largest region in the aircraft and components manufacturing market in 2017, accounting for 42% market share. This was due to presence of major aircraft manufacturers such as Boeing in this region. The aircraft and components manufacturing industry also experienced significant growth in Mexico as a result of the investments by the Canadian company Bombardier, and increasing participation of companies such as GE, Airbus, Honeywell, Eurocopter and Safran Group, among other international companies in other parts of the region. Asia Pacific was the second largest region accounting for 24% market share. South America was the smallest region accounting for 2% market share.

Additive manufacturing is continuously evolving and manufacturers are now using 3D printing technology to produce parts for aircrafts and aircraft engines.  3D printing creates a three-dimensional physical object using a digital design. They are 25% lighter, simpler and offer more design features than conventional parts. This enables manufacturers to create high performance aircraft engines and components. GE Aviation has introduced 3D printed parts in its aircraft engines.  In 2016, Airbus unveiled the first aircraft made using 3D printing technology.  Boeing has also planned to use 3D printed titanium parts in the construction of its 787 Dreamliner jets that is expected to save about $3 million in construction costs.
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