Overview

Experiencing some turbulence: Reduced military spending will offset private sector gains

IBISWorld’s Aircraft, Engine & Parts Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Strong global and domestic demand for commercial aircraft will drive growth
  • While domestic demand for military aircraft declined, international demand boomed
  • Industry operators will experience a more tempered market compared with the previous five years

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    Industry Analysis & Industry Trends

    The Aircraft, Engine and Parts Manufacturing industry has changed significantly in five years to 2016. 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 hard by declining US defense spending, partially offsetting strong commercial demand. In the five years to 2021, 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. Nonetheless, the civil segment will continue to face headwinds from a possible down cycle in aircraft orders, while the defense segment endures budget uncertainty...

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    Industry Report - Industry Products Chapter

    The United States is the largest aircraft manufacturer in the world, with leading companies in large commercial aircraft, combat aircraft, helicopters, unmanned aerial vehicles and engines segments. Over the past five years, strong demand from emerging market airlines for new commercial aircraft, the replacement of older aircraft with newer models. On the other hand, the wind down of US combat operations in the Middle East and the overall decline in defense spending has led to decline military aircraft sales. As a result, the industry's civil products' share of revenue is estimated to climb from about 64.6% in 2011 to an estimated 76.3% in 2016. Comparatively, defense-related products' share of revenue has plunged from over 35.0% in 2011 to below a quarter in 2016.

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    Additional Insights for the Aircraft, Engine & Parts Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Aircraft, Engine & Parts Manufacturing Industry are

  • Economies of scope
  • Well-developed internal processes
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Demand from air transportation and Federal funding for defense in the Aircraft, Engine & Parts Manufacturing industry impact industry performance..

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    Industry Products

    What is the Aircraft, Engine & Parts Manufacturing Industry?

    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).

    Industry Products
    Aircraft
    Aircraft engines and engine parts
    Other aircraft parts and auxiliary equipment
    Industry Activities
    Manufacturing and rebuilding aircraft
    Manufacturing aircraft engines and engine parts
    Manufacturing aircraft auxiliary parts

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from air transportation
  • Federal funding for defense
  • NATO defense spending
  • Trade-weighted index

  • Current Performance
  • Commercial segment soars
  • Defense segment nosedives
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Civil segment moderates
  • Defense segment levels out
  • Profit and other trends
  • Table: Aircraft, Engine & Parts Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aircraft, Engine & Parts Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Aircraft, Engine & Parts Manufacturing
  • Aircraft, Marine & Railroad Transportation Equipment Wholesaling
  • International Airlines
  • Domestic Airlines
  • Charter Flights

  • Key Selling Industries
  • Circuit Board & Electronic Component Manufacturing
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Engine & Turbine Manufacturing
  • Iron & Steel Manufacturing
  • Molybdenum & Metal Ore Mining
  • Semiconductor & Circuit Manufacturing

  • Products & Services
  • Aircraft
  • Aircraft engines and engine parts
  • Other aircraft parts and auxiliary equipment
  • Chart: Aircraft, Engine & Parts Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Civil demand
  • Volatile demand for military aircraft

  • Major Markets
  • Exports
  • Domestic civil market
  • Domestic defense market
  • Chart: Major Market Segmentation for the Aircraft, Engine & Parts Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Aircraft, Engine & Parts Manufacturing

  • Basis of Competition
    Commercial marketDefense marketEngines manufacturersExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aircraft, Engine & Parts Manufacturing Industry

  • Industry Globalization
    Major Companies
    The Boeing CompanyLockheed Martin CorporationGE AviationUnited Technologies Corporation
  • Table: The Boeing Company - financial performance
  • Table: Lockheed Martin Corporation - financial performance
  • Table: GE Aviation - financial performance
  • Table: United Technologies Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Aircraft, Engine & Parts Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Aircraft, Engine & Parts Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Federal Funding for Defense (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    787
  • Boeing's 787 class of commercial passenger aircraft that faced production delays before being introduced into service and has since suffered equipment failures that grounded the global fleet.
  • Large Commercial Aircraft
  • Large commercial aircraft are the largest category of commercial planes and can carry large amounts of passengers.
  • Original Equipment Manufacturer (Oem)
  • OEMs assemble complete aircraft, which they sell under their name. Examples include Boeing, Lockheed Martin and Northrup Grumman.
  • Unmanned Aerial Vehicles (Uav)
  • Aircraft that fly without a human crew on board.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Aircraft, Engine & Parts Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aircraft, Engine & Parts Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aircraft, Engine & Parts Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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