Lift off: Improving government investment will aid industry recovery

The Aerospace Product and Parts Manufacturing industry in Ontario is expected to contract amid volatile trade prospects and weak performance from industry leader Bombardier Inc. The Canadian aerospace sector has been subject to various fluctuations in demand over the five years to 2019 including a collapse in commodity prices over 2015, a devaluation of the Canadian dollar and a renegotiation of the North American Free Trade Agreement, which is integral to the success of provincial operators. As a result, industry revenue has oscillated wildly. Over the next five years, the industry is forecast to reverse course as the returns from research and development strategies and growing backlogs of orders come to fruition. A...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 14-19
-1.2%
Forecast Growth 19-24
Profit
Employment
14,343
Businesses
214

Industry Threats & Opportunities

  • A continued emphasis on component manufacturing is expected to bolster demand as government investment improves
  • Additional Insights for the Aerospace Product & Parts Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Aerospace Product & Parts Manufacturing in Ontario Industry are

  • Ability to take advantage of government subsidies and other grants
  • Ability to expand and curtail operations rapidly in line with market demand
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Manufacturing GDP of Ontario in the Aerospace Product & Parts Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Aerospace Product & Parts Manufacturing in Ontario Industry?

    Industry operators manufacture aircraft components as well as assembling completed aircraft. This includes space vehicles, rotorcraft and guided missiles. Industry operators also provide maintenance, repair and retrofit services for their vehicles and parts, although the majority of their revenue is derived from manufacturing.

    Industry Products
  • Complete aircraft
  • Aircraft engines and parts
  • Other components for aircraft
  • Rotorcraft and components
  • Spacecraft and components
  • Industry Activities
  • Manufacture complete aircraft and rotorcraft
  • Manufacture aircraft components, parts and subassemblies
  • Modify or retrofit aircraft, parts and engines
  • Maintenance and repair services for aircraft and components
  • Manufacture missiles and components
  • Manufacture space vehicles and components
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Manufacturing GDP of Ontario
  • Research and development expenditure
  • Government expenditure and investment
  • World price of aluminum
  • World price of crude oil

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aerospace Product & Parts Manufacturing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Heavy Engineering Construction in Canada
  • Tire Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Aluminum Manufacturing in Canada
  • Computer Manufacturing in Canada
  • Semiconductor & Other Electronic Component Manufacturing in Canada
  • Navigational Instrument Manufacturing in Canada

  • Key Selling Industries
  • Aircraft Maintenance, Repair & Overhaul in Canada
  • Heavy Equipment Rental in Canada
  • Iron Ore Mining in Canada
  • Oil Drilling & Gas Extraction in Canada
  • Satellite TV Providers in Canada
  • Scheduled Air Transportation in Canada

  • Products & Services
  • Other components for aircraft
  • Aircraft engines and parts
  • Complete aircraft
  • Spacecraft and components
  • Other
  • Rotorcraft and components
  • Chart: Aerospace Product & Parts Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Private market
  • Public market
  • Chart: Major Market Segmentation for the Aerospace Product & Parts Manufacturing in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Aerospace Product & Parts Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    Bombardier Inc., Raytheon Company, General Dynamics Corporation, Honeywell International Inc., Magellan Aerospace Corporation,
  • Table: Bombardier Inc. - financial performance
  • Table: Raytheon Company - financial performance
  • Table: General Dynamics Corporation - financial performance
  • Table: Honeywell International Inc. - financial performance
  • Table: Magellan Aerospace Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Aerospace Product & Parts Manufacturing in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Aerospace Product & Parts Manufacturing in Ontario Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Manufacturing GDP of Ontario (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Avionics
  • Avionics are aircraft electronic systems and include things such as radar and communication, control and display systems.
  • Ground Equipment
  • Ground equipment includes all necessary land infrastructure for aerospace operations including communications networks, radars and control towers.
  • Original Equipment Manufacturers (Oems)
  • OEMs assemble complete products which are sold under their own nameplates.
  • Satellite Bus
  • The bus is the infrastructure of a satellite, providing locations for the payload.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Aerospace Product & Parts Manufacturing in Ontario market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Aerospace Product & Parts Manufacturing in Ontario:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aerospace Product & Parts Manufacturing in Ontario market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aerospace Product & Parts Manufacturing in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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