Aircrafts, aircraft components manufacturing and repair services industry consists of companies involved in developing prototypes and manufacturing or assembling of complete aircrafts, and aircraft parts. This industry also includes companies that provide modifications or conversions, repairing, parts replacing, and complete overhauling and rebuilding of aircraft. The types of aircraft manufactured by companies in this industry include blimps, gliders, helicopters, target drones, ultra-light aircraft and unmanned and robotic aircrafts.
The top five companies covered are Boeing, Airbus, United Technologies, GE Aviation and Lockheed Martin. Boeing was the largest company in the aircraft and components manufacturing 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 and components manufacturing market was valued at around $700 billion in 2017. North America was the largest region in the aircraft and components manufacturing market in 2017, accounting for more than 35% market share. The USA was the largest country in the market in 2017, accounting for more than 20% 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.
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