Standard Report | Premium Report | |
---|---|---|
Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
Government Vendors | ||
Instant Download - Available immediately upon purchase | ||
Download both PDF and Excel
|
Download now: |
2024 U.S. Industry Statistics & Market Forecast - Aircraft Engine and Engine Parts Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Aircraft Engine and Engine Parts Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
---|---|---|
Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|
Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Aircraft Engine & Engine Parts Manufacturing industry is constantly evolving to keep pace with technological advancements, changes in regulations, and shifting market demands. Some of the key trends affecting this industry include:1. Increased demand for fuel-efficient engines: with growing concerns over climate change and rising fuel costs, airlines and aircraft manufacturers are placing greater emphasis on fuel efficiency. This has led to the development of new materials and designs that can improve the efficiency of engines, as well as a shift towards the use of alternative fuels such as biofuels.
2. Growing demand for electric and hybrid engines: as the world moves towards greener forms of energy, the aviation industry is also exploring the use of electric and hybrid engines. This has led to increased investment in research and development, as well as partnerships between engine manufacturers and technology companies.
3. Increasing use of additive manufacturing: also known as 3D printing, additive manufacturing is becoming more prevalent in the production of aircraft engine parts. This technology enables faster, more efficient production and the creation of more complex designs, allowing manufacturers to reduce costs and improve performance.
4. New regulations and safety requirements: aviation is a highly regulated industry, and engine manufacturers must keep up with changing safety requirements and emissions regulations. This has led to increased investment in compliance monitoring and quality control, as well as research into new materials and designs that can meet these requirements.
5. Shift towards predictive maintenance: as engines become more complex and are subject to increasingly demanding operating conditions, there is a growing need for real-time monitoring and predictive maintenance to minimize downtime and improve reliability. This has led to the development of new sensors and analytics tools that enable engine operators to monitor performance and detect potential issues before they become serious.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
---|---|---|
Total Revenue | Order at top of page |
|
Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Aircraft Engine and Engine Parts Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
---|---|
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Aircraft Engine and Engine Parts Manufacturing industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Aircraft Engine and Engine Parts Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
---|---|
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
---|---|
Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
|
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
|
Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
---|---|---|---|---|
Management Occupations | 8% | Order at top of page |
||
Chief Executives | 0% | |||
General and Operations Managers | 1% | |||
Business and Financial Operations Occupations | 12% | |||
Business Operations Specialists | 10% | |||
Computer and Mathematical Occupations | 9% | |||
Computer Occupations | 9% | |||
Software and Web Developers, Programmers, and Testers | 5% | |||
Architecture and Engineering Occupations | 20% | |||
Engineers | 17% | |||
Industrial Engineers, Including Health and Safety | 5% | |||
Office and Administrative Support Occupations | 5% | |||
Installation, Maintenance, and Repair Occupations | 8% | |||
Production Occupations | 33% | |||
Assemblers and Fabricators | 11% | |||
Aircraft Structure, Surfaces, Rigging, and Systems Assemblers | 6% | |||
Aircraft Structure, Surfaces, Rigging, and Systems Assemblers | 6% | |||
Metal Workers and Plastic Workers | 9% | |||
Other Production Occupations | 10% |
Aircraft Engine and Engine Parts Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Aircraft Engine and Engine Parts Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Aircraft Engine and Engine Parts Manufacturing industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Aircraft Engine and Engine Parts Manufacturing industry. |
Source:
Innovation News
- Jan 04, 2024: Whisper Aero patents Ducted Wing With Flaps
- Jan 04, 2024: Whisper Aero patents Ultra-quiet Drone
- Jan 04, 2024: Whisper Aero patents Propulsor Fan
- Dec 22, 2023: Whisper Aero trademarks "SMARTTHRUSTER" - Downloadable computer software for use in collecting, aggregating, and analyzing data from propulsion systems to analyze the health of the system; downloadable computer software for use in facilitating data collection, aggregation and analysis from propulsion systems; downloadable computer software for use in collecting, aggregating and analyzing data from propulsion systems to determine maintenance requirements
- Dec 22, 2023: Whisper Aero trademarks "JETFOIL" - Air propulsion technology and systems
- Dec 22, 2023: Whisper Aero trademarks "JETWING" - Air propulsion technology and systems
- Jul 13, 2023: Whisper Aero raises $41 million in funding.
- Aug 22, 2022: Verdego Aero raises $9 million in funding.
- May 06, 2021: Verdego Aero raises $2 million in funding.
Recent Federal Contracts for Aircraft Engine and Engine Parts Manufacturing- Feb 16, 2024: GENERAL ELECTRIC COMPANY (Lynn, MA) awarded $1,195,888
- Feb 14, 2024: MINT TURBINES LLC (Stroud, OK) awarded $299,259
- Feb 05, 2024: JET SUPPORT SERVICES, INC. (Chicago, IL) awarded $515,000
- Jan 18, 2024: S3 AERODEFENSE, LLC (Milwaukee, WI) awarded $215,960
- Jan 10, 2024: SHERWOOD AVIONICS AND ACCESSORIES, INC. (Opa Locka, FL) awarded $24,720
- Feb 16, 2024: GENERAL ELECTRIC COMPANY (Lynn, MA) awarded $1,195,888
- Feb 14, 2024: MINT TURBINES LLC (Stroud, OK) awarded $299,259
- Feb 05, 2024: JET SUPPORT SERVICES, INC. (Chicago, IL) awarded $515,000
- Jan 18, 2024: S3 AERODEFENSE, LLC (Milwaukee, WI) awarded $215,960
- Jan 10, 2024: SHERWOOD AVIONICS AND ACCESSORIES, INC. (Opa Locka, FL) awarded $24,720
Related Reports
Can't find what you're looking for? We have over a thousand
market research reports.
Ask us and an analyst will help you find what you need.