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2020 Aircraft And Aircraft Parts Manufacturing And Repair And Maintenance Market Demand, Supply, Growth Factors, Latest Rising Trends and Forecast
Aircraft And Aircraft Parts Manufacturing And Repair And Maintenance Market
The global aircraft manufacturing and aircraft parts manufacturing and repair & maintenance market and aircraft manufacturing market size reached a value of nearly $481 billion in 2017, having grown at 3.7% since 2013. Growth in the historic period resulted from increased demand for air travel and technological advances. Factors that negatively affected growth in the historic period were increased corruption and bribery activities and high currency rate fluctuations.
The key drivers of the aircraft and aircraft parts manufacturing and repair & maintenance market include:
Commercial Use Of Drones – Legal authority allowing the use of drones for commercial use is being extended more widely. For example, in August 2016 the US Federal Aviation Authority issued a rule allowing the use of drones (or ) for commercial purposes under certain conditions without a special waiver that was expensive and time-consuming to obtain and severely restricted their use. Many other countries follow the FAA’s regulatory lead, so this cleared commercial drones for take-off not just in the USA but worldwide. Combined with the launch of reliable and stronger drones specifically for commercial use, such as that manufactured by DJI, a Chinese company, this is expected to drive rapid growth in the drone segment of the market.
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Aircraft And Aircraft Parts Manufacturing And Repair & Maintenance Market Segmentation:
The aircraft and aircraft parts manufacturing and repair & maintenance market is categorized by segment, and by geography.
By Service Type- The aircraft and aircraft parts manufacturing and repair & maintenance market can be categorized by segment type into
a) Aircraft Manufacturing
b) Aircraft Parts Manufacturing, And Aircraft And Aircraft Parts Repair & Maintenance
The aircraft manufacturing market size was the largest at 61.7% of the total.
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By Geography - The aircraft and aircraft parts manufacturing and repair & maintenance market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in aircraft and aircraft parts manufacturing and repair & maintenance market are
• The Boeing Company
• Airbus Group
• Lockheed Martin Corporation
• United Technologies Corporation
• GE Aviation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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