This term has been largely subsumed by the more encompassing term: "aerospace industry"
Marketing 2015 The aircraft production was worth US$180.3 billion: 61% airliners, 14% business and general aviation, 12% military aircraft, 10% military rotary wing and 3% civil rotary wing; while their MRO was worth $135.1 Bn or $315.4 Bn combined
The global aerospace industry was worth $838.5 billion in 2017: aircraft & engine OEMsrepresented 28% ($235 Bn), civil & military MRO & upgrades 27% ($226 Bn), aircraft systems & component manufacturing 26% ($218 Bn), satellites & space 7% ($59 Bn), missiles & UAVs5% ($42 Bn) and other activity, including flight simulators, defense electronics, public research accounted for 7% ($59 Bn)
The Top 10 countries with the largest industrial bases in 2017 were the United States with $408.4 billion (representing 49% of the whole), followed by France with $69 billion (8.2%), then China with $61.2 billion (7.3%), the United Kingdom with $48.8 billion (5.8%), Germany with $46.2 billion (5.5%), Russia with $27.1 billion (3.2%), Canada with $24 billion (2.9%), Japan with $21 billion (2.5%), Spain with $14 billion (1.7%) and India with $11 billion (1.3%). These ten countries represent $731 billion or 87.2% of the whole industry
In 2018, the new commercial aircraft value is projected for $270.4 billion while business aircraft will amount for $18 billion and civil helicopters for $4 billion.[3]
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