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

The Aircraft, Engine and Parts Manufacturing industry in New York has declined significantly over the five years to 2017. The industry relies heavily on exports for the bulk of its revenue, and with significant growth in the value of the US dollar over the past five years, industry exports have become more expensive and less competitive in the global marketplace. Moreover, demand from domestic defense agencies has also fallen in line with declining federal funding for defense. Over the five years to 2022, 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...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-9.9%
Forecast Growth 17-22
Profit
Employment
5,320
Businesses
51
What Our Customers Say

Industry Threats & Opportunities

  • Industry exports have become more expensive and less competitive in the global marketplace
  • The industry’s wage costs as a share of revenue have risen over the past five years
  • As the dollar depreciates slightly, overall demand from overseas buyers will also strengthen
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in New York's Aircraft, Engine and Parts Manufacturing industry are high and increasing. The design, protoyping, testing and production of aerospace products and components requires significant upfront capital expenses, including large-scale production machinery and communications equipment. Moreover, a large team of engineers, physicists and other highly-skilled workers is required to provide the kind of state-of-the-art aircraft technology required by military agencies, and to a lesser extent, commercial airline operators.Competition is also a barrier entry, particularly when it comes to defense contracts. These contracts are highly competitive due to the federal government's focus on price. Mor...purchase to read more.

    Additional Insights for the Aircraft, Engine & Parts Manufacturing in New York Industry

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

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

    shopping_cartPURCHASE OPTIONS

    What is the Aircraft, Engine & Parts Manufacturing in New York 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 the Space Vehicle and Missile Manufacturing industry (IBISWorld report 33641b).

    Industry Products
  • Aircraft parts and auxiliary equipment
  • Aircraft engines and engine parts
  • Industry Activities
  • Manufacturing and rebuilding aircraft
  • Manufacturing aircraft engines and engine parts
  • Manufacturing auxiliary aircraft parts
  • Table of Contents

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

  • Current Performance
  • Export and defense markets decline
  • Industry consolidation
  • A bright spot
  • Chart: Revenue Growth

  • Industry Outlook
  • Challenges remain
  • Table: Aircraft, Engine & Parts Manufacturing in New York Industry Revenue Outlook

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

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

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

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aircraft, Engine & Parts Manufacturing in New York Industry

  • Northrop Grumman Corporation BAE Systems PLCAstronics CorporationBrinkman International Group Inc.
  • Table: Northrop Grumman Corporation - financial performance
  • Table: BAE Systems PLC - financial performance
  • Table: Astronics Corporation - financial performance
  • Table: Brinkman International Group Inc. - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Aircraft, Engine & Parts Manufacturing in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Personal Income in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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 numbers 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’s Industry Market Report on Aircraft, Engine & Parts Manufacturing in New York is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 in New York:
    • 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 in New York 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 in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear