This
industry manufactures aircraft engines, engine parts, propeller,
rotor, landing gear, fuselage, hydraulic and electric control, and
avionics systems. Engines and other component parts compose of about
45 percent of the global aircraft and parts market. U.S., Canada,
Japan, France, and UK are all major producers of aircraft parts. The
aircraft engine and parts manufacturing industry has a medium level
of concentration, with two largest aircraft manufacturers (Boeing and
Airbus) holding more than 50% of the total market share. Boeing
dominates this industry in the commercial aircraft sector. This
industry comprises commercial aircrafts (wide body aircraft and
narrow body aircraft), military aircrafts (helicopters, engines and
parts used in military), rotary aircrafts (helicopters), and general
aviation (small business jets and planes). It also includes single
engine piston, multi engine piston, turbofan or turbojet, and
turboprop that are used in these aircrafts.
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Full Report:-
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Rising
demand for commercial and private airplanes due to trends in air
travel is driving the market forward. Technological improvements
along with innovative trends such as introduction of M601H-80
Turboprop Derivative Engine II-49 by GE Aviation and collaboration of
four aviation companies (Avidyne Corporation, Eagle Creek Aviation
Services, Inc., Edge Aviation Services, and Lone Mountain Aviation)
to launch G3-R9 II-48 market are also one of the factors driving this
market. The industry's focus on improving fuel efficiency will compel
the companies to bring new low cost aircrafts, thereby driving the
growth of this market. The spending in defense is expected to
contract as the United States would wind down military involvement
overseas, but commercial demand and growth in light jet production
would keep revenue strong.
Canada
leads in producing turbine-powered aviation engines for business and
commercial aircraft and helicopters. Europe along with United States
and Canada together hold major share of the global aircraft, engines,
parts and equipment market. Countries such as Japan, South Korea with
continuous technological development are estimated to be key markets
over few years. With population and economic growth, rising
urbanization, increasing cargo and passenger hubs, launch of low-cost
carriers, deregulation, and inter-regional trade in regions such as
China and India, Asia Pacific is expected to be the fastest growing
market in near future.
Some
of the niche players operating in this market include Airbus S.A.S.,
American Champion Aircraft Corporation, BAE Systems, Bell Helicopter
Textron Inc., CFM International, Inc, European Aeronautic Defense and
Space Co , Fokker Aerostructures B.V., GE Aviation, Pratt &
Whitney International Aero
Engines,
Kawasaki Heavy Industries, MD Helicopters Inc., Rolls-Royce , Safran,
Thales, and Zodiac.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report
provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report
is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides
market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report
also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value
chain analysis.
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