Aircraft, Engine & Parts Manufacturing in California - Industry Market Research Report

To the skies: The industry is expected to benefit from increased drone development and usage

Aircraft, Engine & Parts Manufacturing in California

Declining federal defense funding has pushed revenue for the Aircraft, Engine and Parts Manufacturing industry downward over the five years to 2017. Despite significant taxes and environmental regulations, many industry operators develop and produce in California due to the state's large military presence, existing aerospace and defense firms, access to highly-skilled labor and weather, which allows for year-round outdoor testing. While federal defense spending will continue falling over the next five years, declines will be less steep. Moreover, defense cuts over the next five years will not impact California operators to the same extent as the overall US industry. With the Pentagon focusing increasingly on drone development and utilization, spending in this area of the defense budget is expected to rise. As a leader in drone technology, California's aircraft, engine and parts manufacturers will be uniquely positioned to benefit from the defense department's shift in strategy.

Companies in this industry manufacture and overhaul complete aircraft (including unmanned aerial vehicles), develop prototypes and convert aircraft. The industry also includes the manufacture, conversion and overhaul of aircraft engines and propulsion systems. Additionally, the industry makes related parts and auxiliary equipment. This report excludes guided missiles, space vehicles and related equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.