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9 Fastest-Growing U.S. Aircraft Parts Manufacturers

Posted by IndustrySelect on Tuesday, October 15, 2019

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The global aircraft parts manufacturing market was valued at an estimated $877 billion in 2018. Projections for the aircraft parts manufacturing industry predict a compound annual growth rate (CAGR) of 3.9% through 2025.

Total revenue of the United States' aircraft parts manufacturing industry in 2019 is $241 billion. North America accounted for 42% of the aircraft parts industry market share in 2018.

The runner-up, the Asia Pacific region, accounted for 24%.

The United States' dominant market presence in the industry is primarily attributed to the presence of major aircraft parts companies, such as Boeing and Spirit AeroSystems.

Although steel tariffs imposed by President Donald Trump may negatively impact the industry, advances in additive manufacturing should offset the detrimental effects of the tariffs.

As a result, the industry is expected to continue its expansion in the U.S.

Here are the nine fastest-growing aircraft parts manufacturing companies in the U.S.

1: Pratt & Whitney

Pratt & Whitney employs 2,000 people at the company's Midland, Georgia location. This makes it the fastest-growing aircraft parts manufacturer in the U.S. currently.

Pratt & Whitney is known for creating cutting-edge engines for aircraft.

2: Collins Aerospace

Collins Aerospace currently houses 1,500 workers at the organization's Burnsville, Minnesota plant. Collins is known for providing leading pilot enhancement and precision technology for aircraft.

3: Triumph Aerostructures, LLC., Vought Aircraft Division

The Vought Aircraft Division of Triumph Aerostructures has 1,250 employees in Red Oak, Texas. Triumph handles the manufacturing, finish and assembly processes for common aircraft materials.

4: Cobham Mission Systems Davenport LSS Inc.

Cobham's Davenport, Iowa plant is home to 950 employees. Cobham provides air-to-air refueling, life support, control and carriage systems for a variety of commercial and military aircraft.

5: RMS Company

RMS has 950 employees at its Coon Rapids, Minnesota location. RMS provides training and support services to organizations, including the U.S. federal government.

6: UTC Aerospace Systems - Customer Service Division

The Customer Service Division of UTC Aerospace Systems currently employs 700 people in Phoenix, Arizona.

UTC Aerospace works with other industry leaders, such as Collins Aerospace, to develop leading control and piloting systems for aircraft.

7: The Atlas Group

The Atlas Group's Wichita, Kansas location is home to 570 employees. The Atlas Group specializes in providing original parts to the maritime and defense industries for both aircraft and ships.

8: GKN Aerospace Transparency Systems, Inc.

GKN currently houses 545 employees at its Garden Grove, California location. GKN acts as a manufacturer of various essential aircraft parts.

9: Parker Hannifin Corp., Fluid Systems Division

The Fluid Systems Division of the Parker Hannifin Corp. represents 500 employees and is located in Irvine, California.

Parker Hannifin works to create leading hydraulic, fuel, fluid conveyance and pneumatic or lubrications systems and components for aircraft.

Keep on top of the aircraft parts manufacturing industry

Looking to contact U.S. aircraft parts manufacturers? Consider an IndustrySelect subscription

IndustrySelect subscribers gain access to over 30 industry-unique data points, including the contact information for executive-level decision makers.

All IndustrySelect data is updated every 24 hours to ensure that it is consistent with current trends in the manufacturing industry.

Visit IndustrySelect's website to learn more about how IndustrySelect can help your business thrive or to try our a free demo.

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