Aerospace Products & Parts Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/8/2024
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
View Full Sample Add To Cart

Excerpt from Aerospace Products & Parts Manufacturing Industry Profile

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

The top countries with the highest aerospace exports in 2022 were the US, France, Germany, the UK, and Canada, according to Statista. The US contributed more than $100 billion in aerospace exports that year, making it the leading country in terms of sales value. The US, China, India, Russia, India, and Saudi Arabia accounting for about 60% of expenditure, according to the Stockholm International Peace Research Institute (SIPRI).

The US aerospace products and parts manufacturing industry includes about 1,800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $250 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 companies are developing system integration capabilities as large firms outsource more aspects of ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu
Add To Cart

Focus Profiles

Complement this Industry Profile by purchasing a Focus Profile. Aerospace Products & Parts Manufacturing has one Focus Profiles that can help you better understand this industry:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options