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Aircraft, Engine & Parts Manufacturing in the US - Industry Market Research Report

  • August 2017
  • 50 pages
  • Ibisworld
Report ID: 2252792

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Gearing up: Increased military spending is expected to augment private sector gains

Abstract

Aircraft, Engine & Parts Manufacturing in the US

The Aircraft, Engine and Parts Manufacturing industry has changed significantly over the five years to 2017. During the five-year period, the industry’s commercial segment rapidly grew, with demand increasing due to climbing global air travel and fleet replacement. On the other hand, the defense segment has been hit by declining US defense spending, partially offsetting strong commercial demand. Nonetheless, due to surging commercial demand, industry revenue is expected to increase. Over the five years to 2022, industry revenue is forecast to continue rising. Global and domestic demand for commercial aircraft will continue to drive revenue growth. Moreover, the defense market is anticipated to pick up as production of key industry platforms, such as the F-35, picks up.


Companies in this industry manufacture and overhaul complete aircraft, develop prototypes and convert aircraft. The industry also includes the manufacture, conversion and overhaul of aircraft engines and propulsion systems. Additionally, the industry makes related parts and auxiliary equipment. For information on guided missiles, space vehicles and related equipment, which are excluded from this industry, see Space Vehicle and Missile Manufacturing industry (IBISWorld report 33641b).


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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