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    Aircraft Engine & Parts Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 2/22/2021
    SIC Codes: 3724, 3728
    NAICS Codes: 336412, 336413
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Aircraft Engine & Parts Manufacturing Industry Profile

    Companies in this industry manufacture aircraft engines and engine parts; as well as fuselage, propeller and rotor, landing gear, electric and hydraulic control, and avionic systems. Major companies include GE Aviation and Pratt & Whitney (both based in the US); as well as Kawasaki Heavy Industries (Japan), Rolls-Royce (UK), Safran (France), and Thales (France).

    In addition to the US, Canada, France, Japan, and the UK are all major sources of aircraft parts. The industry is dominated by large players that typically maintain manufacturing operations around the world. Demand for aircraft parts is driven by new orders for commercial, military, and general aviation aircraft, as well as maintenance, repair, and overhaul (MRO) services.

    The US aircraft engine and parts manufacturing industry includes about 1,350 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $74 billion.

    COMPETITIVE LANDSCAPE

    Rapid changes in technology and geographic shifts in demand are affecting how and where aircraft engine and parts manufacturers compete. Amid passenger and cargo demand growth in emerging markets, companies are forging global partnerships to share risks, costs, and sales, and to increase their manufacturing and support services footprints. Technologies including additive manufacturing, the internet of things (IoT), and big data are increasingly important competitive differentiators. Engine and parts companies aim to leverage these and other technologies to reduce aircraft operating costs and improve their own cost structures.

    Exports are an important source ...

     
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