This U.S. industry comprises establishment primarily engaged in (1) manufacturing aircraft parts or auxiliary equipment (except engines and aircraft fluid power subassemblies) and/or (2) developing and making prototypes of aircraft parts and auxiliary equipment. Auxiliary equipment includes such items as crop dusting apparatus, armament racks, inflight refueling equipment, and external fuel tanks.
The NAICS 336413 industry, encompassing 'Other Aircraft Parts and Auxiliary Equipment Manufacturing,' has been experiencing several noteworthy qualitative trends. One significant trend is the increased integration of advanced materials, such as composites and lightweight alloys, which contribute to more fuel-efficient and durable aircraft components. Additionally, there is a growing emphasis on the adoption of additive manufacturing (3D printing) technologies, which facilitate faster prototyping and production as well as enable complex geometries that were previously unachievable. Another notable trend is the enhanced focus on sustainability, with manufacturers investing in eco-friendly production practices and recycling initiatives.
Digitalization and the implementation of Industry 4.0 are transforming operational efficiencies. Manufacturers are increasingly utilizing digital twin technology, IoT, and smart sensors to optimize production processes, predictive maintenance, and supply chain management. Furthermore, there's an escalation in collaborative ventures and strategic partnerships to drive innovation and achieve economies of scale.
Looking ahead, the demand for aircraft parts and auxiliary equipment is expected to rise, driven by the global increase in air travel and the ongoing modernization of existing fleets. Urban Air Mobility (UAM) and the emergence of electric vertical takeoff and landing (eVTOL) aircraft present new opportunities within the industry. As these technologies mature, manufacturers will likely focus on developing specific parts and systems tailored to these innovative aircraft. Overall, the future promises ongoing technological advancements, increased globalization, and a sustained commitment to sustainability within the aircraft parts manufacturing sector.
Aircraft assemblies, subassemblies, and parts (except engines) manufacturing
Aircraft auxiliary parts (e.g., crop dusting, external fuel tanks, inflight refueling equipment) manufacturing
Aircraft control surface assemblies manufacturing
Aircraft fuselage wing tail and similar assemblies manufacturing
Aircraft propellers and parts manufacturing
Airframe assemblies (except for guided missiles) manufacturing
Developing and producing prototypes for aircraft parts (except engines) and auxiliary equipment
Joints, universal, aircraft, manufacturing
Targets, trailer type, aircraft, manufacturing
Tow targets, aircraft, manufacturing
Universal joints, aircraft, manufacturing
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.