NAICS Code 423860-03 - Aircraft Engines (Wholesale)
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NAICS Code 423860-03 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423860-03
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Tools
Tools commonly used in the Aircraft Engines (Wholesale) industry for day-to-day tasks and operations.
- Engine hoists
- Engine stands
- Torque wrenches
- Spark plug sockets
- Fuel pressure gauges
- Compression testers
- Oil filter wrenches
- Ignition timing lights
- Cylinder hones
- Valve spring compressors
- Piston ring compressors
- Dial indicators
- Micrometers
- Vernier calipers
- Feeler gauges
- Thread chasers
- Pipe wrenches
- Pliers
- Screwdrivers
- Hammers
Industry Examples of Aircraft Engines (Wholesale)
Common products and services typical of NAICS Code 423860-03, illustrating the main business activities and contributions to the market.
- Jet engines
- Turboprop engines
- Piston engines
- Fan blades
- Compressor blades
- Turbine blades
- Engine mounts
- Fuel pumps
- Oil pumps
- Ignition systems
- Exhaust systems
- Engine sensors
- Engine control units
- Thrust reversers
- Engine cowlings
- Engine covers
- Engine seals
- Engine gaskets
- Engine bearings
Certifications, Compliance and Licenses for NAICS Code 423860-03 - Aircraft Engines (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- FAA Aircraft Certification: The Federal Aviation Administration (FAA) Aircraft Certification is required for the manufacturing, maintenance, and operation of aircraft engines. This certification ensures that the aircraft engines meet the safety standards set by the FAA.
- ISO 9001:2015 Quality Management System: This certification ensures that the company has a quality management system in place that meets the international standards for quality management. It is important for the aircraft engine wholesale industry to have this certification to ensure that the products meet the quality standards.
- AS9100D Aerospace Quality Management System: This certification is specifically designed for the aerospace industry and ensures that the company has a quality management system in place that meets the international standards for quality management in the aerospace industry.
- NIST SP 800-171 Cybersecurity Framework: This framework provides guidelines for protecting the sensitive information of the company and its customers. It is important for the aircraft engine wholesale industry to have this certification to ensure that the sensitive information is protected from cyber threats.
- ITAR Registration: The International Traffic in Arms Regulations (ITAR) registration is required for companies that deal with defense-related articles and services. It is important for the aircraft engine wholesale industry to have this registration to ensure that they are compliant with the regulations.
History
A concise historical narrative of NAICS Code 423860-03 covering global milestones and recent developments within the United States.
- The Aircraft Engines (Wholesale) industry has a long and rich history dating back to the early 20th century. The Wright brothers, who are credited with inventing the first successful airplane, also developed the first aircraft engine in 1903. Since then, the industry has seen significant advancements, including the development of jet engines in the 1930s and the introduction of turbofan engines in the 1960s. In recent years, the industry has focused on developing more fuel-efficient engines, with companies like General Electric and Rolls-Royce investing heavily in research and development. In the United States, the industry has been impacted by the COVID-19 pandemic, with a decrease in air travel leading to a decline in demand for new aircraft engines.
Future Outlook for Aircraft Engines (Wholesale)
The anticipated future trajectory of the NAICS 423860-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Shrinking
The future outlook for the Aircraft Engines (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 need for new and more efficient aircraft engines. The industry is also expected to benefit from the growing trend towards more environmentally friendly aircraft engines. The use of new technologies such as 3D printing and advanced materials is also expected to drive growth in the industry. However, the industry may face challenges such as increasing competition and regulatory changes that could impact demand for aircraft engines.
Industry Innovations for NAICS Code 423860-03
Recent groundbreaking advancements and milestones in the Aircraft Engines (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- GE Aviation has developed a new advanced turboprop engine, the Catalyst, which is designed to be more fuel-efficient and environmentally friendly.
- Pratt & Whitney has developed a new geared turbofan engine, which is designed to be quieter and more fuel-efficient than traditional jet engines.
- Rolls-Royce has developed a new UltraFan engine, which is designed to be more fuel-efficient and environmentally friendly than previous models.
- CFM International has developed a new LEAP engine, which is designed to be more fuel-efficient and environmentally friendly than previous models.
- Honeywell Aerospace has developed a new HTF7700L turbofan engine, which is designed to be more fuel-efficient and environmentally friendly than previous models.
NAICS Code 423860-03 - Aircraft Engines (Wholesale)
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