Aircraft And Aircraft Parts Manufacturing And Repair & Maintenance Global Market Opportunities And Strategies To 2021

The combined global aircraft parts manufacturing and repair & maintenance market and global aircraft manufacturing market reached a value of nearly $481 billion in 2017, having grown at 3.7% since 2013. It will grow at a compound annual growth rate (CAGR) of 9.0% to nearly $679.2 billion by 2021.

Growth in the historic period resulted from increased demand for air travel and technological advances. Going forward, growth of the global economy and increasing use of drones are expected to contribute to the rising demand for aircraft and aircraft parts manufacturing and repair & maintenance. Factors that negatively affected growth in the historic period were increased corruption and bribery activities and high currency rate fluctuations. Factors that could hinder the growth of this market in future are increasing cyber-attacks and inadequate aviation infrastructure.
The market is segmented into two segments: the aircraft manufacturing market and the aircraft parts (components) manufacturing and aircraft and aircraft parts repair and maintenance market. The aircraft manufacturing market size was the larger at 61.7% of the total. The aircraft manufacturing market is also expected to grow at the highest CAGR of 9.5%.

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The aircraft manufacturing market is segmented into civil airplanes manufacture, military airplanes manufacture, civil and military helicopters manufacture, civil and military drones manufacture, and civil and military gliders manufacture. The civil planes manufacturing market accounted for the largest share of the aircraft manufacturing market in 2017 at 49.5%. The civil and military drones manufacturing market is expected to grow at the highest CAGR of 16.4%
The aircraft parts (components) manufacturing and aircraft and aircraft parts repair and maintenance market can be segmented into civil aircraft repair, maintenance and overhaul, military aircraft repair, maintenance & overhaul, aircraft engines & engine parts manufacture, and other aircraft parts manufacture. Civil aircraft repair, maintenance and overhaul accounted for the largest share of the aircraft and aircraft parts repair, maintenance and overhaul market in 2017 at 37.5%. The civil aircraft maintenance, repair, & overhaul segment is also expected to grow at the highest CAGR of 9.6%.
North America is the largest market for the aircraft and aircraft parts manufacturing and repair & maintenance companies, accounting for 40.3% of the global market. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, North America and Eastern Europe will be the fastest growing regions for this market; growth will be at CAGRs of 10.9% and 8.3% respectively. These will be followed by Asia Pacific, Africa and the Middle East, where the markets are expected to grow at CAGRs of 8.0% each.
The aircraft manufacturing industry is highly concentrated with two large players (The Boeing Company and Airbus Group) each holding a significant market share. Other major players in the aircraft manufacturing industry are Lockheed Martin Corp., United Technologies Corp., and General Electric Company.
The global aerospace & defense market, of which the aircraft and aircraft parts manufacturing and repair & maintenance market is a segment, was worth $721 billion in 2017, having grown at 2.9% since 2013, and is expected to grow at a compound annual growth rate (CAGR) of 9.5% to nearly $953 billion by 2021. 
The top opportunities in the global aircraft manufacturing market and the aircraft parts manufacturing and repairs & maintenance market will arise in the civil airplanes manufacturing segment which will gain $76.3 billion of global annual sales by 2021, and in the USA, where an almost identical amount will be added to the overall market. 14 market-trend-based and five player-adopted strategies for aircraft manufacturing industry businesses include those in low-cost countries competing for business in the major aircraft manufacturing countries, offering retro-fitting of inflight entertainment systems, developing turboprop models, investment in engine overhaul facilities, strengthening market presence in their regional aviation market and for businesses in all segments major investment in research and development.

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Description: 
Where is the largest and fastest growing market for the aircraft and aircraft parts manufacturing and repair & maintenance market- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The aircraft and aircraft parts manufacturing and repair & maintenance market opportunities and strategies to 2023 report from the Business Research Company answers all these questions and many more.
The report covers the following chapters

- Market Characteristics - The market characteristics section of the report defines and explains the aircraft and aircraft parts manufacturing and repair & maintenance market. This chapter includes different goods and services covered in the report, basic definitions and market supply chain analysis.

- Global Market Size And Growth - This section contains the global historic (2013-2017) and forecast (2017-2021) market value, and drivers and restraints that support and control the growth of the market in the historic and forecast period. 

- Trends And Strategies - This chapter includes some of the major trends shaping the global aircraft and aircraft parts manufacturing and repair & maintenance market by segment. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities. 

- PESTEL Analysis - This chapter covers the political, economic, social, technological, environmental and legal factors affecting a market.

- Customer Information - This section includes customer surveys in the aircraft and aircraft parts manufacturing and repair & maintenance industry

- Global Market Segmentation - This section contains global segmentation of the aircraft and aircraft parts manufacturing and repair & maintenance market for 2017. Segmentation types include by region and by country segmentation of the aircraft and aircraft parts manufacturing and repair & maintenance market. 

- Global Macro Comparison - The global aircraft and aircraft parts manufacturing and repair & maintenance market comparison with macro-economic factors gives the aircraft and aircraft parts manufacturing and repair & maintenance market size, percentage of GDP, and average aircraft and aircraft parts manufacturing and repair & maintenance market expenditure.

- Macro Comparison By Country - The aircraft and aircraft parts manufacturing and repair & maintenance market comparison with macro-economic factors across countries gives the aircraft and aircraft parts manufacturing and repair & maintenance market size, percentage of GDP, by country and per capita average aircraft and aircraft parts manufacturing and repair & maintenance market expenditure.

- Region/Country Market Size And Growth - This section contains the region?s market size (2017), historic (2013-2017) and forecast (2017-2021) market value, and growth. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa) and major countries within each region.

- Competitive Landscape - This section covers details on the competitive landscape of the global aircraft and aircraft parts manufacturing and repair & maintenance market, estimated market shares and company profiles for the leading players.

- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.

- Opportunities And Strategies - This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.

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Companies Mentioned: The Boeing Company, Airbus Group, Lockheed Martin Corporation, United Technologies Corporation, GE Aviation

Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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