Aerospace Products & Parts Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/8/2018
SIC Codes: 3721, 3724, 3728, 3761, 3764, 3769
NAICS Codes: 3364
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 Aerospace Products & Parts Manufacturing Industry Profile

Companies in this industry manufacture aircraft, aircraft components, and missiles and space vehicles. Major companies include US-based Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, and Space Exploration Technologies (SpaceX), as well as Airbus Group (the Netherlands), BAE Systems (the UK), Bombardier (Canada), and Leonardo (Italy). Many companies work primarily as subcontractors to the largest manufacturers.

Top countries for aerospace products and parts manufacturing include Canada, France, the UK, and the US. North America and Europe are the largest markets for aerospace products, but emerging economies in the Asia/Pacific region are expected to provide the greatest growth opportunities. Global aerospace and defense revenue is forecast to rise about 5% in 2018 and about 6% in 2019, according to S&P Global. Aerospace and defense revenue is expected to be driven by increased commercial aircraft production and rising defense spending in the US and Europe.

The US aerospace products and parts manufacturing industry includes about 1,400 companies with combined annual revenue of about $232 billion.

COMPETITIVE LANDSCAPE

Demand is driven by military budgets and the overall economic climate, which affects airline traffic and demand for new commercial aircraft. The profitability of individual companies depends on technical expertise and the ability to accurately price long-term contracts. Large companies enjoy economies of scale in design, manufacturing, and purchasing. Small companies can compete effectively by concentrating on selected components and parts manufacturing for particular prime contractors. Increasingly, small ...

 
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