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

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

  • December 2020 •
  • 64 pages •
  • Report ID: 2252792 •
  • Format: PDF
Outbound flight: Demand for commercial aircraft will likely expand, supporting industry growth

Abstract

Aircraft, Engine & Parts Manufacturing in the US
The Aircraft, Engine and Parts Manufacturing industry develops and manufactures planes, rotorcraft, engines and related components for the civil and defense markets. After years of growth, the industry’s revenue has recently slowed. The majority of this stagnation was due to falling defense spending, which reduced US demand for military aircraft and related components. However, some of the decline in growth was also caused by a slowdown in the commercial segment, as global demand moderated and operators switched production to newer generation products. Over the five years to 2024, global and domestic demand for commercial aircraft will continue to drive revenue growth. Moreover, the defense market is anticipated to pick up as the production of key industry platforms, such as the F-35 and updated legacy products, 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 the 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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