Depending on their intended use, airplanes and aircraft come in a wide variety of sizes and designs. Narrow body, broad body, and turboprop aircraft are the three types of aircraft that can be distinguished. There are numerous components in an airplane, including the cockpit, fuselage, wings, landing gear, propellers, and interior cabins. Expensive military budgets the primary forces for market expansion are the development of lightweight, high-strength airplane components.
The global Aircraft Parts Market was valued at US$ 537.04 Bn in 2019 and is expected to reach US$ 826.01 Bn by 2028 at a CAGR of 4.9% between 2021 and 2028.
Major Players in the Aircraft Parts Industry:
1. Airbus Group
Airbus Group founded in 2000 and its headquarters Leiden, Netherlands. The company operates in 20 countries Airbus SE is a European multinational aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft.
2. Alcoa Corporation
Alcoa Corporation founded in 1888, and its Headquarters located in Pittsburgh, Pennsylvania, United States. The company operates in 10 nations.
3. Arconic Corporation
Arconic Corporation Inc was launch in 1888 and it’s headquarter located Pittsburgh, Pennsylvania, United States it operate over 45 country. In 2018 Arconic have entered into an agreement to collaborate ... Lockheed Martin's newly released 2017
4. Boeing
Boeing was launch in 1916 and it’s headquarters inArlington, Virginia, United States.it operate over 150 country. Boeing and Embraer are evaluating manufacturing opportunities in India, French competitor Airbus has no plan to assemble planes in India.
5. Bombardier Inc
Emerson Electric Co was founded 1942 with its headquarters in Montreal, Canada. With businesses in over 27 countries. Bombardier introduces Global 8000 aircraft. On May 23, 2022
6. Collins Aerospace
Collins Aerospace was launch in 2018 and its headquarters in Charlotte, North Carolina, United States.it operate over 30 country. Collins Aerospace acquires Dutch Thermoplastic Components to deliver lighter, cost-efficient and sustainable aircraft structures.
7. Elbit Systems Ltd
Elbit Systems Ltd was founded 1966 with its headquarters in Haifa Isreal with businesses in over 20 countries. Elbit Systems Ltd. is an Israel-based international defense Electronics Company engaged in a wide range of programs throughout the world. Elbit Systems Awarded Contract worth Approximately $100 Million to Supply Intelligence and EW Aircraft to an International Customer.
*Definition- An airplane is a transportation vehicle that is used to transport people and cargo from one place to another through air
