Aerospace manufacturing

Summary

An aerospace manufacturer is a company or individual involved in the various aspects of designing, building, testing, selling, and maintaining aircraft, aircraft parts, missiles, rockets, or spacecraft. Aerospace is a high technology industry. The aircraft industry is the industry supporting aviation by building aircraft and manufacturing aircraft parts for their maintenance. This includes aircraft and parts used for civil aviation and military aviation. Most production is done pursuant to type certificates and Defense Standards issued by a government body. This term has been largely subsumed by the more encompassing term: "aerospace industry". In 2015 the aircraft production was worth US

180.3 Billion: 61% airliners, 14% business and general aviation, 12% Military aircraft, 10% military rotary wing and 3% civil rotary wing; while their MRO was worth

135.1 Bn or

Bn combined. The global aerospace industry was worth

838 billion in 2017: Aircraft & Engine OEMs represented 28% (

Bn), Civil & Military MRO & Upgrades 27% (

Bn), Aircraft Systems & Component Manufacturing 26% (

Bn), Satellites & Space 7% (

Bn), Missiles & UAVs 5% (

Bn) and other activity, including flight simulators, defense electronics, public research accounted for 7% (

Bn). The countries with the largest industry were led by the United States with

408.4 Bn (%) followed by France with

69 Bn (%) then China with

61.2 Bn (%), United Kingdom with

48.8 Bn (%), Germany with

46.2 Bn (%), Russia with

27.1 Bn (%), Canada with

24 Bn (%), Japan with

21 Bn (%), Spain with

14 Bn (%) and India with

11Bn (%). The top 10 countries represent

731 Bn or % of the whole industry. In 2018, the new commercial aircraft value is projected for

270.4 billion while business aircraft will amount for

18 billion and civil helicopters for

4 billion.