This industry
manufactures aircraft engines, engine parts, propeller, rotor,
landing gear, fuselage, hydraulic and electric control, and avionics
systems. Engines and other component parts compose of about 45
percent of the global aircraft and parts market. U.S., Canada, Japan,
France, and UK are all major producers of aircraft parts. The
aircraft engine and parts manufacturing industry has a medium level
of concentration, with two largest aircraft manufacturers (Boeing and
Airbus) holding more than 50% of the total market share. Boeing
dominates this industry in the commercial aircraft sector. This
industry comprises commercial aircrafts (wide body aircraft and
narrow body aircraft), military aircrafts (helicopters, engines and
parts used in military), rotary aircrafts (helicopters), and general
aviation (small business jets and planes). It also includes single
engine piston, multi engine piston, turbofan or turbojet, and
turboprop that are used in these aircrafts.
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Research Report of Aircraft Engine, Parts and Equipments Market :
Rising demand for
commercial and private airplanes due to trends in air travel is
driving the market forward. Technological improvements along with
innovative trends such as introduction of M601H-80 Turboprop
Derivative Engine II-49 by GE Aviation and collaboration of four
aviation companies (Avidyne Corporation, Eagle Creek Aviation
Services, Inc., Edge Aviation Services, and Lone Mountain Aviation)
to launch G3-R9 II-48 market are also one of the factors driving this
market. The industry\'s focus on improving fuel efficiency will
compel the companies to bring new low cost aircrafts, thereby driving
the growth of this market. The spending in defense is expected to
contract as the United States would wind down military involvement
overseas, but commercial demand and growth in light jet production
would keep revenue strong.
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Report :
Canada leads in
producing turbine-powered aviation engines for business and
commercial aircraft and helicopters. Europe along with United States
and Canada together hold major share of the global aircraft, engines,
parts and equipment market. Countries such as Japan, South Korea with
continuous technological development are estimated to be key markets
over few years. With population and economic growth, rising
urbanization, increasing cargo and passenger hubs, launch of low-cost
carriers, deregulation, and inter-regional trade in regions such as
China and India, Asia Pacific is expected to be the fastest growing
market in near future.
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Some of the niche
players operating in this market include Airbus S.A.S., American
Champion Aircraft Corporation, BAE Systems, Bell Helicopter Textron
Inc., CFM International, Inc, European Aeronautic Defense and Space
Co , Fokker Aerostructures B.V., GE Aviation, Pratt & Whitney
International Aero Engines, Kawasaki Heavy Industries, MD Helicopters
Inc., Rolls-Royce , Safran, Thales, and Zodiac.
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