Tools commonly used in the Aircraft Brokers (Wholesale) industry for day-to-day tasks and operations.

• Aircraft valuation software
• Market analysis tools
• Customer relationship management (CRM) software
• Sales and marketing automation tools
• Financial analysis software
• Contract management software
• Aviation industry news and analysis sources
• Aircraft maintenance and repair software
• Aviation safety and compliance tools
• Aviation insurance and risk management software

Common products and services typical of NAICS Code 423860-02, illustrating the main business activities and contributions to the market.

• Commercial airliners
• Private jets
• Helicopters
• Military aircraft
• Cargo planes
• Business aircraft
• Regional aircraft
• Amphibious aircraft
• Agricultural aircraft
• Gliders

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Airline Transport Pilot (ATP): This certification is required for pilots who operate aircraft weighing more than 12,500 pounds or that are authorized to carry more than nine passengers. The Federal Aviation Administration (FAA) provides this certification.
• Commercial Pilot License (CPL): This certification is required for pilots who operate aircraft for compensation or hire. The FAA provides this certification.
• Aircraft Dispatcher License: This certification is required for individuals who plan and monitor flights. The FAA provides this certification.
• Airframe and Powerplant (A&P) Certification: This certification is required for individuals who perform maintenance, repairs, and inspections on aircraft. The FAA provides this certification.
• Part 135 Air Carrier Certificate: This certification is required for operators who carry passengers or cargo for compensation or hire. The FAA provides this certification.

A concise historical narrative of NAICS Code 423860-02 covering global milestones and recent developments within the United States.

• The Aircraft Brokers (Wholesale) industry has a long history dating back to the early 20th century when the first commercial airlines were established. The industry has since grown and evolved with the development of new technologies and advancements in aviation. Notable milestones include the introduction of jet engines in the 1950s, the deregulation of the airline industry in the 1970s, and the rise of low-cost carriers in the 1990s. In recent years, the industry has faced challenges due to the COVID-19 pandemic, which has led to a decline in air travel and a decrease in demand for aircraft. However, the industry is expected to recover as air travel resumes and the demand for aircraft increases. In the United States, the Aircraft Brokers (Wholesale) industry has a more recent history, with the first aircraft brokerages established in the 1980s. The industry has since grown and become more competitive, with the emergence of new players and the adoption of new technologies. Notable advancements include the use of online platforms for aircraft sales and the development of new financing options for aircraft purchases. The industry has also faced challenges in recent years, including the 2008 financial crisis and the COVID-19 pandemic, which have led to a decline in demand for aircraft and a decrease in sales. Despite these challenges, the industry is expected to continue to grow in the coming years as the demand for air travel increases and the global economy recovers.

The anticipated future trajectory of the NAICS 423860-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Aircraft Brokers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for air travel and the subsequent need for aircraft. The rise in air travel is expected to increase the demand for new and used aircraft, which will benefit the industry. Additionally, the growth of e-commerce is expected to increase the demand for air cargo transportation, which will also benefit the industry. However, the industry may face challenges due to the COVID-19 pandemic, which has caused a decline in air travel and a decrease in demand for aircraft. Nevertheless, the industry is expected to recover as the pandemic subsides and air travel returns to pre-pandemic levels.

Recent groundbreaking advancements and milestones in the Aircraft Brokers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Online Aircraft Sales Platforms: Online aircraft sales platforms have emerged in recent years, allowing aircraft brokers to reach a wider audience and streamline the sales process. These platforms allow buyers to browse and purchase aircraft online, making the process more efficient and convenient.
• Use Of Drones for Inspections: Some aircraft brokers are using drones to inspect aircraft, which can be more efficient and cost-effective than traditional inspection methods. Drones can quickly and easily access hard-to-reach areas of an aircraft, allowing for more thorough inspections.
• Virtual Reality Tours: Some aircraft brokers are using virtual reality technology to provide potential buyers with virtual tours of aircraft. This allows buyers to get a better sense of the aircraft's features and layout without having to physically visit the aircraft.
• Increased Focus on Sustainability: Some aircraft brokers are placing a greater emphasis on sustainability, promoting the use of more fuel-efficient aircraft and encouraging the adoption of sustainable practices in the industry.
• Expansion Into Emerging Markets: Some aircraft brokers are expanding into emerging markets, such as Asia and the Middle East, where there is a growing demand for air travel and aircraft. This allows brokers to tap into new markets and increase their customer base.