Aircrafts, aircraft components
manufacturing and repair services industry consists of companies involved in
developing prototypes and manufacturing or assembling of complete aircrafts, and
aircraft parts. This industry also includes companies that provide
modifications or conversions, repairing, parts replacing, and complete
overhauling and rebuilding of aircraft. The types of aircraft manufactured by
companies in this industry include blimps, gliders, helicopters, target drones,
ultra-light aircraft and unmanned and robotic aircrafts.
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The global aircraft and components manufacturing market has
shown moderate growth in the past years with a CAGR of over 3%. The year 2017
recorded highest ever market value in this industry as per TBRC’s in-house
consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the aircraft and components manufacturing
market to grow at double the CAGR by 2021 as compared to 2017, along with
geographies best suited for investments with highest return rate.
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report at
The global aircraft, aircraft parts manufacturing, repair &
maintenance market is expected to grow at an annual growth rate (CAGR) of 6.5%.
This can be attributed to the expected increase in economic activity and high
demand for air travel, particularly in developing countries. Additionally,
increasing military spending by governments across the world are expected to
further aid the industry.
Companies included in the report
are The Boeing Company, Airbus Group, United Technologies Corp, General
Electric Company and Lockheed Martin Corp.
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