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 global aircraft, aircraft parts manufacturing, repair & maintenance market was valued at $702.5 billion in 2017. North America was the largest geographic region accounting for $258.1 billion or 36.7% share in the market. The USA was the largest country in the aircrafts, aircraft components manufacturing and repair services market in 2017, accounting for $171.14 billion or 24.4% share in the market.
Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve safety, productivity and quality of aircrafts. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision making. These technologies optimize manufacturing operations and costs.
The companies covered are The Boeing Company, Airbus Group, United Technologies Corp., General Electric Company, and Lockheed Martin Corp.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The aircrafts, aircraft components manufacturing and repair services industry is segmented into Aircraft Manufacturing, and Aircraft Parts Manufacturing, Repair & Maintenance.
Aircraft Manufacturing industry consists of companies involved in developing prototypes and manufacturing or assembling of complete aircraft and making aircraft.
Aircraft Parts Manufacturing, Repair & Maintenance industry includes establishments involved in the developing prototypes and manufacturing aircraft engine and engine parts, other aircraft parts, auxiliary equipment, modifications or conversions and complete overhauling and rebuilding of aircraft.