Aircrafts, Aircraft Components Manufacturing And Repair Services Global Market Briefing 2018
Report Highlights
Including: Aircraft Manufacturing, Aircraft Parts Manufacturing, Repair & Maintenance
Covering: The Boeing Company, Airbus Group, United Technologies Corp., General Electric Company, and Lockheed Martin Corp.
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Data
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Market Numbers
Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.
Competitor Market Share Data
The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.
Analysis
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Referencing
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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.
North America was the largest region, in the aircrafts, aircraft components manufacturing and repair services market in 2017, accounting for 36.7% share in the market. This was due to strong air travel market in the region which includes USA and Canada and presence of major aircraft manufacturers such as Boeing, and Lockheed Martin and Textron Inc., who uses aircraft components during the manufacturing of aircrafts.
Asia-Pacific was the second largest region, accounting for 22.6% share in the market.
Africa was the smallest region in the aircrafts, aircraft components manufacturing and repair services market in 2017, accounting for 3.7% share in the market.
Machine Learning Algorithms In Aircrafts
Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve safety, productivity and quality of aircrafts. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision making. These technologies optimize manufacturing operations and costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases lifecycle of parts and reduces maintenance costs. Boeing has successfully built machine-learning algorithms for aircraft designing and to automate factory operations.
- Table 1 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Historic Market Size, 2013-2017
- Table 2 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Forecast Market Size, 2017-2021
- Table 3 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Split By Region, 2017
- Table 4 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Historic And Forecast Growth Rate, By Region, 2013-2021
- Table 5 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Split By Country, 2017
- Table 6 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Historic And Forecast Growth Rate, By Country, 2013-2021
- Table 7 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, 2017, Key Competitor Estimated Market Shares, 2017
- Figure 1 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Historic Market Size, 2013-2017
- Figure 2 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Forecast Market Size, 2017-2021
- Figure 3 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Split By Region, 2017
- Figure 4 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Historic And Forecast Growth Rate, By Region, 2013-2021
- Figure 5 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, Split By Country, 2017
- Figure 6 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services, Historic And Forecast Growth Rate, By Country, 2013-2021
- Figure 7 : Global Aircrafts, Aircraft Components Manufacturing And Repair Services Market, 2017, Key Competitor Estimated Market Shares, 2017
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