Industry Analysis & Industry Trends
The Aircraft, Engine and Parts Manufacturing industry has had its ups and downs over the five years to 2014. During the recession, industry revenue fell as collapsing demand for air travel led to fewer purchases of industry products from airliners. However, persistent demand for military-related products helped reduce the depth of this decline. In addition, as the economy recovered, demand for air travel increased while emerging economies boosted exports. In the five years to 2019, the industry will continue to reach new altitudes alongside strong commercial demand, but declining military spending will temper growth... purchase to read more
Industry Report - Industry Locations Chapter
When choosing location industry operators look at a number of factors including, government incentives, a source of skilled labor and locations of universities that do basic research. Suppliers tend to set up facilities near major original equipment manufacturers' factories in order to cut down on transportation costs, thereby forming manufacturing hubs. Defense contractors commonly spread their operations across multiple states in order to gain support from legislatures and government officials when it comes to contracts.
The West region account for 27.0% of industry establishments. California has by far the largest aerospace sector in the country with multiple manufacturers having facilities there... purchase to read more