Additive
manufacturing is continuously evolving and manufacturers are now using 3D
printing technology to produce parts for aircrafts and aircraft engines.3D
printing creates a three-dimensional physical object using a digital design.
They are 25% lighter, simpler and offer more design features than conventional
parts. This enables manufacturers to create high performance aircraft engines
and components. GE Aviation has introduced 3D printed parts in its aircraft
engines. In 2016, Airbus unveiled the first aircraft made using 3D printing
technology. Boeing has also planned to use 3D printed titanium parts in the
construction of its 787 Dreamliner jets that is expected to save about $3
million in construction costs.
THE BUSINESS RESEARCH COMPANY EXPECTS THE GLOBAL AIRCRAFT AND
COMPONENTS MANUFACTURING MARKET TO GROW TO $2 TRILLION BY
2021
North
America was the largest region in the aircraft and components manufacturing
market in 2017, accounting for two-fifth of the market share. This was due to
presence of major aircraft manufacturers such as Boeing in this region. The
aircraft and components manufacturing industry also experienced significant
growth in Mexico because of the investments by the Canadian company Bombardier,
and increasing participation of companies such as GE, Airbus, Honeywell,
Eurocopter and Safran Group, among other international companies in other parts
of the region.
Read report: https://www.thebusinessresearchcompany.com/report/aircraft-and-components-manufacturing-global-market-report-2018
According to The Business Research Company’s Consultant, Nitin
Gianchandani, aircraft manufacturers are using machine learning techniques such
as artificial intelligence (AI) to improve safety, productivity and quality of
aircrafts. Machine learning algorithms collect data from machine-to-machine and
machine-to-human interfaces and use data analytics to drive effective decision
making. These technologies optimize manufacturing operations and costs. For
example, GE Aviation uses machine learning and data analytics to identify
faults in engines which increases lifecycle of parts and reduces maintenance
costs. Boeing has successfully built machine learning algorithms for aircraft
designing and to automate factory operations.
Boeing was the
largest player in the aircraft and components manufacturing market, with
revenues of $65.1 billion in 2016. Boeing’s growth strategy is to expand its
operations in emerging markets. In 2017, the company opened the Boeing India
Engineering and Technology Center (BIETC) in Bengaluru, India.
The
aircraft and components manufacturing industry includes establishments
manufacturing aircraft, aircraft engine and engine parts and other aircraft
parts and auxiliary equipment.
Aircraft
and Components manufacturing Global Market Report 2018 is a detailed
report giving a unique insight into this market. The report is priced at $6000
for an individual user. To use across your office, the price is $9000 and $12000
if you wish to use across a multinational company.
About
The Business Research Company
Visit
TheBusinessResearchCompany.com, mail info@tbrc.info or call +447443439350 or +918897263534 or +919160996838 for
more information on this and many other titles.
The
Business Research Company is a market research and intelligence company, which
excels in company, market and consumer research.
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has research professionals at its offices in the UK, India and the US as well a
network of trained researchers globally. It has specialist consultants in a wide
range of industries including manufacturing, healthcare, chemicals and
technology.
The
Business Research Company's management has more than 20 years of varied
business research experience. They have delivered hundreds of research projects
to the senior management of some of the world's largest organizations.
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