Global Aircraft Manufacturing Market Overview:
Aircraft manufacturing is the process of designing, building, and assembling aircraft. This includes commercial airliners, military aircraft, and general aviation planes. The aircraft industry also includes manufacturing aircraft parts for maintenance. Growing technological developments in order to reduce manufacturing cost and improve fuel efficiency brings a lucrative opportunity in the market. Furthermore, rising demand for planes from the commercial and military & defense sectors is one of the driving factors for the global aircraft manufacturing market.
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Rising Adoption of 3D Printing Process for Aircraft Manufacturing
Market Growth Drivers:
Growing Investments in the Aviation Infrastructure and Rising Demand for Planes from the Commercial and Military & Defense Sector
High Cost Associated With Aircraft Manufacturing and Maintainance
Growing Technological Developments in Order to Improve Fuel Efficiency
The aircraft manufacturing market is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are Lockheed Martin (United States), Airbus (France), Boeing (United States), Raytheon Technologies (United States), Northrop Grumman (United States), General Electric (United States), Safran (France), Leonardo (Italy), Bombardier (Canada) and United Aircraft Corporation (Moscow). Considering Market by Components, the sub-segment i.e. Hydraulics will boost the Aircraft Manufacturing market. Considering Market by Type, the sub-segment i.e. Helicopters will boost the Aircraft Manufacturing market. Considering Market by Manufacturing Process, the sub-segment i.e. Milling will boost the Aircraft Manufacturing market.
Latest Market Insights:
In January 2023, Raytheon Technologies merged its two defense businesses. Raytheon Intelligence & Space (RIS) and Raytheon Missiles & Defense (RMD) will become a single business called Raytheon. Aircraft parts manufacturer Collins Aerospace and aircraft engine manufacturer Pratt & Whitney remained separate businesses within RTX.
In July 2023, GE Aerospace introduced a new livery design for the aircraft test bed for NASA's Electrified Powertrain Flight Demonstration (EPFD) project, a groundbreaking effort to help demonstrate the feasibility of hybrid electric flight for commercial aviation. For the hybrid electric test flights, GE Aerospace is partnering with Boeing and subsidiary Aurora Flight Sciences using modified Saab 340B aircraft powered by GE's CT7 engines.
What Can be Explored with the Aircraft Manufacturing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aircraft Manufacturing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aircraft Manufacturing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aircraft Manufacturing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aircraft Manufacturing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aircraft Manufacturing Companies, Government Bodies, R&D Institutes, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.