Overview

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

The Aircraft, Engine & Parts Manufacturing in New York industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    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..

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    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..

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    Industry Products

    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

    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
  • 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

  • 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
  • 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
    Competitive Landscape
    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

  • Major Companies
    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

  • Operating Conditions
    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
    Key Statistics
    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
    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 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 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.

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