Aircrafts, aircraft components manufacturing and repair services industry consists of companies involved in developing prototypes and manufacturing or assembling of complete aircrafts, and aircraft parts. This industry also includes companies that provide modifications or conversions, repairing, parts replacing, and complete overhauling and rebuilding of aircraft. The types of aircraft manufactured by companies in this industry include blimps, gliders, helicopters, target drones, ultra-light aircraft and unmanned and robotic aircrafts.
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In 2017, the aircrafts, aircraft components manufacturing and repair services market was valued at $700 billion. Its large market size can be attributed to high demand for commercial aircrafts from air travels across the world especially developing countries. Additionally, demand for repair and maintenance for ageing aircraft carriers is further supporting the market.
The aircraft and components manufacturing market in the report is segmented into aircraft manufacturing market and aircraft parts manufacturing, repair and maintenance market.
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North America was the largest region, in the aircrafts, aircraft components manufacturing and repair services market in 2017, accounting for more than 30% share in the market. The USA was the largest country in 2017, accounting for more than 20% of the market share.
The top five competitors in the market in 2017 were The Boeing Company, Airbus Group, United Technologies Corp., General Electric Company and Lockheed Martin Corp. The Boeing Company was the largest competitor. It was founded in 1916 and is headquartered in Chicago, USA. The company is involved in designing, developing, manufacturing, selling, and servicing of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. Boeing operates in over 65 countries worldwide, and also offers performance-based logistics and training services.
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