Major Group SIC 3724 - Aircraft Engines And Engine Parts

SIC 3724 - Aircraft Engines And Engine Parts

SIC 37 - Transportation Equipment
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 372 - Aircraft And Parts
  SIC 371 - Motor Vehicles And Motor Vehicle Equipment SIC 372 - Aircraft And Parts SIC 373 - Ship And Boat Building And Repairing SIC 374 - Railroad Equipment SIC 375 - Motorcycles, Bicycles, And Parts SIC 376 - Guided Missiles And Space Vehicles And Parts SIC 379 - Miscellaneous Transportation Equipment
  - SIC 3724 - Aircraft Engines And Engine Parts
    SIC 3721 - Aircraft SIC 3724 - Aircraft Engines And Engine Parts SIC 3728 - Aircraft Parts And Auxiliary Equipment, Not Elsewhere Classified

Establishments primarily engaged in manufacturing aircraft engines and engine parts. This industry also includes establishments owned by aircraft engine manufacturers and primarily engaged in research and development on aircraft engines and engine parts whether from enterprise funds or on a contract or fee basis. Also included are establishments engaged in repairing and rebuilding aircraft engines on a factory basis. Establishments primarily engaged in manufacturing guided missile and space vehicle propulsion units and parts are classified in Industry 3764; those manufacturing aircraft intake and exhaust valves and pistons are classified in Industry 3592; and those manufacturing aircraft internal combustion engine filters are classified in Industry 3714. Establishments primarily engaged in the repair of aircraft engines, except on a factory basis, are classified in Transportation, Industry 4581; and research and development on aircraft engines on a contract or fee basis by establishments not owned by aircraft engine manufacturers are classified in Services, Industry 8731.

Industry trends:

NAICS 3724, Aircraft Engines and Engine Parts, is witnessing several notable qualitative trends. Firstly, there is a significant shift towards sustainable aviation, driven by both regulatory pressures and consumer demand for greener travel. This is leading to increased investments in research and development for electric and hybrid propulsion systems, as well as alternative fuels such as hydrogen.

Secondly, the adoption of advanced manufacturing techniques, such as additive manufacturing (3D printing), is revolutionizing the production process. These technologies are enabling more efficient, cost-effective, and customizable production of engine parts, while also reducing waste and lead times.

Furthermore, digitalization and the integration of IoT (Internet of Things) are enhancing the performance and maintenance of aircraft engines. Predictive maintenance, enabled by real-time data analytics and AI, is becoming more prevalent, reducing downtime and operational costs.

Looking ahead, the global demand for air travel is expected to recover post-pandemic, driving an uptick in the production of new aircraft and, consequently, aircraft engines and parts. There is also a forecasted increase in collaborations and partnerships within the industry to leverage technological advancements and achieve sustainability goals.

This industry is comprised of:

Air scoops, aircraft

Aircraft engines and engine parts, internal combustion and jet

Airfoils, aircraft engine

Cooling systems, aircraft engine

Engine heaters, aircraft

Engine mount parts, aircraft

Exhaust systems, aircraft

External power units, aircraft: for hand-inertia starters

Jet assisted takeoff devices (JATO)

Lubricating systems, aircraft

Pumps, aircraft engine

Research and development on aircraft engines and engine parts by the

Rocket motors, aircraft

Starters, aircraft: nonelectric

Turbines, aircraft type

Turbo-superchargers, aircraft

Explore related industries:

SIC 3519 - Internal Combustion Engines, Not Elsewhere Classified SIC 3812 - Search, Detection, Navigation, Guidance, Aero and Water Systems and Instruments SIC 4581 - Airports, Flying Fields, And Airport Terminal Services

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