Aircraft And Components Manufacturing Market To Foresee Double Growth Rate By 2021

Posted October 3, 2018 by srikanthgtbrc

The global aircraft and components manufacturing market was valued at around $700 billion in 2017. North America was the largest region in the aircraft and components manufacturing market in 2017, accounting for more than 35% market share.

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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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.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
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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Tags Aircraft And Components Manufacturing Global Market Report 2018 , , Aircraft Manufacturing Market Report , Aircraft Parts Manufacturing Market Report
Last Updated October 3, 2018