Aircraft And Components Manufacturing Global Market Is Valued At $838 billion in 2017 According To TBRC’s Latest Report

13/lug/2018 07:26:35 tbrc Contatta l'autore

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The aircraft and components manufacturing industries include aircraft manufacturing, aircraft engine and engine parts and other aircraft parts and auxiliary equipment.

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The global aircraft and components manufacturing market is valued at $ 838 billion in 2017 two to the expected increase in economic activity and increasing demand for air travel, particularly in developing countries. Technological advancements such as additive manufacturing, machine automation and analytics, smart automation and block chain are also expected to drive the market into the forecast period.

In the report, the global aircrafts and components manufacturing market is divided into two segments: aircraft manufacturing and aircraft manufacturing, repair and maintenance . Aircraft manufacturing in the major portion, accounting for more than 65% of the market share, including aircraft manufacturing, repair and maintenance segment.

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The USA was the largest country in the aircraft and components manufacturing market in 2017, accounting for more than 35% of the market share. This was a large customer base for business, personal and leisure travel in the country.

The aircraft and components manufacturing market is fragmented. The top five competitors in the market made up to 24% of the total market share in 2017. Boeing was the largest competitor of the market, followed by Airbus and United Technologies. Boeing was founded in 1916 and is headquartered in Chicago, USA. The company is involved in designing, developing, manufacturing, selling, and servicing commercial jetliners, military aircraft, satellites, missile defense, human space flights, 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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