NAICS 336412 - Aircraft Engine and Engine Parts Manufacturing
This U.S. industry comprises establishments primarily engaged in one or more of the following: (1) manufacturing aircraft engines and engine parts; (2) developing and making prototypes of aircraft engines and engine parts; (3) aircraft propulsion system conversion (i.e., major modifications to systems); and (4) aircraft propulsion systems overhaul and rebuilding (i.e., periodic restoration of aircraft propulsion system to original design specifications).
Industry trends:
The aircraft engine and engine parts manufacturing industry (NAICS 336412) is experiencing significant transformations driven by advancements in technology and shifts in market demand. One of the latest qualitative trends is the emphasis on sustainability and the development of greener engines. Companies are investing heavily in research and development to create engines that are more fuel-efficient and emit fewer pollutants. This aligns with the global push for reducing carbon footprints and meeting stringent environmental regulations.
Another notable trend is the increasing integration of digital technologies such as artificial intelligence (AI), the Internet of Things (IoT), and predictive analytics in manufacturing processes. These technologies are enhancing production efficiency, improving quality control, and reducing downtime by enabling predictive maintenance.
The industry is also witnessing a growing demand for lightweight materials such as advanced composites and titanium alloys, which contribute to the overall efficiency and performance of aircraft engines. This demand is driven by the need to improve fuel efficiency and reduce operational costs in the aerospace sector.
In terms of forecasts, the near future is expected to see a surge in collaborations and partnerships between established aerospace companies and tech firms to leverage new technologies. Additionally, the recovery of the aviation sector post-pandemic is likely to boost demand for new aircraft engines and replacement parts, further stimulating industry growth. Companies that can innovate and adapt to these trends are poised to capture significant market share.
This industry is comprised of:
Aircraft engine and engine parts (except carburetors, pistons, piston rings, valves) manufacturing
Aircraft engine overhauling
Aircraft engine rebuilding
Aircraft turbines manufacturing
Developing and producing prototypes for aircraft engines and engine parts
Engines and engine parts, aircraft (except carburetors, pistons, piston rings, valves), manufacturing
Gas turbines, aircraft, manufacturing
Gasoline engine parts (except carburetors, pistons, piston rings, valves), aircraft, manufacturing
Gasoline engines, aircraft, manufacturing
Internal combustion engines, aircraft, manufacturing
Jet propulsion and internal combustion engines and parts, aircraft, manufacturing
Rocket engines, aircraft, manufacturing
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