(EMAILWIRE.COM, December 21, 2018 ) The Business Research Companys global aircraft and components manufacturing market analysis covers the year-on-year growth of the global aircraft and components manufacturing market historic and forecast growth. It also includes chapters on the aircraft and components manufacturing market trends, geographical analysis, and competitive landscape.
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The global aircraft and components manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 6.5% by 2020.
Aircraft And Components Manufacturing Global Market Segmentation
According to TBRCs global aircraft and components manufacturing market research, the market is split by segments into aircraft manufacturing market and aircraft parts manufacturing, repair and maintenance market.
The Aircraft Manufacturing industry consists of companies involved in developing prototypes and manufacturing or assembling of complete aircraft and making aircraft. These include manufacturing of blimps, gliders, helicopters, target drones, ultra-light aircraft and unmanned and robotic aircrafts. It is the largest market with about 55% of the total market share.
The Aircraft Parts Manufacturing, Repair & Maintenance industry includes establishments involved in the developing prototypes and manufacturing aircraft engine and engine parts, other aircraft parts, auxiliary equipment, modifications or conversions and complete overhauling and rebuilding of aircraft.
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Aircraft manufacturing market had the highest CAGR (compound annual growth rate) of about 3.5% during 2013-2017; this segment is expected to grow at a CAGR of about 7.5% during 2017-2021. This is may be due to the need to replace the ageing aircrafts and helicopters. The increased privatized search and rescue operations and availability of light weight choppers may drive this market in the forecast period
The global aircraft and components manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The aircraft manufacturing market and aircraft parts manufacturing, repair and maintenance markets segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are Boeing, Airbus, United Technologies, GE Aviation and Lockheed Martin.
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