SIC 3721 - Aircraft
Establishments primarily engaged in manufacturing or assembling complete aircraft. This industry also includes establishments owned by aircraft manufacturers and primarily engaged in research and development on aircraft, whether from enterprise funds or on a contract or fee basis. Also included are establishments engaged in repairing and rebuilding aircraft on a factory basis. Establishments primarily engaged in manufacturing engines and other aircraft parts and auxiliary equipment are classified in Industries 3724 and 3728; and those manufacturing guided missiles and space vehicles and parts are classified in Industry Group 376. Establishments primarily engaged in the repair of aircraft, except on a factory basis, are classified in Transportation, Industry 4581; and research and development on aircraft by establishments not owned by aircraft manufacturers are classified in Services, Industry 8731.
Industry trends:
The aircraft manufacturing industry (NAICS 3721) is currently experiencing a significant transformation driven by technological advancements, sustainability mandates, and evolving market demands. A notable trend is the growing emphasis on green aviation, with manufacturers investing heavily in alternative propulsion systems such as electric and hybrid engines. This shift is aimed at reducing carbon emissions and aligning with global environmental goals.
Digitalization is another key trend, with enhanced use of AI, IoT, and big data analytics to optimize manufacturing processes, improve product quality, and enhance predictive maintenance. These technologies are enabling manufacturers to streamline operations, reduce costs, and increase efficiency.
The demand for urban air mobility (UAM) vehicles, such as air taxis and personal aerial vehicles, is also on the rise. This trend is expected to revolutionize short-distance travel, particularly in congested urban areas, and several companies are already conducting test flights and working on regulatory approvals.
In terms of market dynamics, there is a strong rebound in demand for both commercial and private aircraft as global travel restrictions ease and consumer confidence returns post-pandemic. However, supply chain disruptions and material shortages continue to pose challenges, potentially hindering production timelines.
Looking ahead, industry forecasts suggest steady growth driven by fleet modernization initiatives, increased defense spending, and the expanding global middle class fueling demand for air travel. Strategic partnerships and collaborations are likely to play a crucial role in innovation and market expansion.
This industry is comprised of:
Aircraft
Airplanes, fixed or rotary wing
Airships
Autogiros
Balloons (aircraft)
Blimps
Dirigibles
Gliders (aircraft)
Hang gliders
Helicopters
Research and development on aircraft by the manufacturer
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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