Aviation Parts

Aircraft parts are components manufactured to be used on aircraft. Companies such as www.STRAIGHTAERO.com and www.ILSMART.com provide list price reference and supply information for the aircraft parts business space. more...

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Many other companies such as BOEING and HONEYWELL specialize in making, repairing and reselling used/refurbished aircraft parts. Because of strict regulations on aircraft maintenance in most countries, aircraft parts must often be certified by regulatory agencies, and for this reason are often considerably more expensive than comparable uncertified parts. For those airlines that fly into the United States all new, used and refurbished parts must be certified by FAA approved manufacturers and repair stations.

Definition of the industry

The aircraft parts industry is defined as establishments primarily engaged in manufacturing aircraft assemblies, aircraft engine components, equipment and parts. The list price reference for newly manufactured parts can be found on sites such as www.STRAIGHTAERO.com or AVREF. Aircraft part refurbishment establishments are also included in this industry. There is a large market for refurbished parts. The supply is usually posted on sites such as www.ILSMART.com. ILS allows users to post their inventory of parts s well as make purchases. Establishments primarily engaged in manufacturing aeronautical instruments and electronic navigational equipment are not considered part of this sector and are covered in most aeronautical regulatory jurisdictions by other rules.

The aerospace industry is divided into two main sectors: the civil sector and the military sector, The military sector has declined sharply since the end of the Cold War. There has also been a decline in overall expenditures in the aerospace industry is also due to the increasing level of globalization. This trend has led to consolidation and massive restructuring worldwide.

Internationally, the market for aircraft parts in the civil aviation sector is dominated by Boeing (60 per cent of the global market) and Airbus Industrie (30 per cent of the market). This oligopoly (Boeing and Airbus) controls the standards that aircraft parts suppliers must meet. In addition to this concentration of companies, the aerospace component industry and market is concentrated geographically in the United States (75 per cent), although Europe (14 per cent) and Japan (5 per cent) are important centres. The military aircraft parts industry is dominated by large aerospace and defence conglomerates in a small number of large, industrial countries such as the United States, France and the United Kingdom.

Aircraft hydraulic and pneumatic assemblies comprise 6.7% of total industry shipments. The split between civilian and military hydraulic and pneumatic assemblies is 78% for civilian and 22% for military applications. Aircraft power transmission equipment comprises 6.1% of total industry shipments. The split between civilian and military power transmission equipment is 56% for civilian and 44% for military applications.

Read more at Wikipedia.org