Tools commonly used in the Aircraft Equipment Parts & Supplies (Wholesale) industry for day-to-day tasks and operations.

• Aviation snips
• Rivet guns
• Torque wrenches
• Wire crimpers
• Cable tie guns
• Inspection mirrors
• Drill bits
• Screwdrivers
• Pliers
• Wire strippers
• Heat guns
• Soldering irons
• Multimeters
• Oscilloscopes
• Pressure gauges
• Fuel testers
• Hydraulic testers
• Pitot-static testers
• Borescopes
• Non-destructive testing equipment

Common products and services typical of NAICS Code 423860-04, illustrating the main business activities and contributions to the market.

• Aircraft lighting systems
• Avionics equipment
• Cabin interior products
• Engine components
• Fuel system parts
• Landing gear components
• Navigation systems
• Oxygen systems
• Propellers
• Safety equipment
• Structural components
• Turbine engines
• Wing components
• Hydraulic systems
• Electrical components
• Communication systems
• Instrumentation
• Bearings
• Fasteners
• Hoses

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

• FAA Repair Station Certification: This certification is required for companies that perform maintenance, repairs, and alterations of aircraft and aircraft products. The certification is issued by the Federal Aviation Administration (FAA) and ensures that the company meets the safety standards set by the FAA.
• ISO 9001:2015 Certification: This certification is an international standard that specifies requirements for a quality management system. It is applicable to any organization that wants to ensure its products and services consistently meet customer requirements and enhance customer satisfaction.
• AS9120B Certification: This certification is a quality management system standard for distributors of aerospace commodity items. It is designed to ensure that distributors provide products and services that meet customer and regulatory requirements.
• ITAR Registration: The International Traffic in Arms Regulations (ITAR) is a set of United States government regulations that control the export and import of defense-related articles and services on the United States Munitions List (USML). Companies that deal with ITAR-controlled items must register with the US Department of State.
• EAR Compliance: The Export Administration Regulations (EAR) are a set of regulations administered by the Bureau of Industry and Security (BIS) that govern the export and re-export of certain commercial items. Companies that deal with EAR-controlled items must comply with the regulations.

A concise historical narrative of NAICS Code 423860-04 covering global milestones and recent developments within the United States.

• The Aircraft Equipment Parts & Supplies (Wholesale) industry has a long and rich history dating back to the early 20th century. The industry has been driven by technological advancements in aviation, which have led to the development of new and innovative aircraft equipment parts and supplies. Notable milestones in the industry include the development of the first aircraft engine in 1903, the first commercial flight in 1914, and the introduction of the first jet engine in 1939. In recent history, the industry has been shaped by the increasing demand for air travel and the growth of the global aviation industry. The industry has also been impacted by the COVID-19 pandemic, which has led to a decline in air travel and a decrease in demand for aircraft equipment parts and supplies in the short term.

The anticipated future trajectory of the NAICS 423860-04 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 Equipment Parts & Supplies (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 expansion of the aviation industry. The growth of the industry is also driven by the increasing demand for aircraft parts and supplies from airlines, aircraft manufacturers, and maintenance, repair, and overhaul (MRO) companies. The industry is also expected to benefit from the increasing adoption of advanced technologies such as 3D printing, artificial intelligence, and blockchain, which are expected to improve the efficiency and effectiveness of the supply chain. However, the industry may face challenges such as the increasing competition from low-cost suppliers and the impact of the COVID-19 pandemic on the aviation industry.

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

• Boeing has developed a new 3D-printed titanium bracket for its 787 Dreamliner aircraft, which is expected to reduce the weight of the aircraft and improve its fuel efficiency.
• Airbus has developed a new drone inspection system for its aircraft, which uses high-resolution cameras and artificial intelligence to detect and diagnose defects in the aircraft's structure and components.
• Honeywell Aerospace has developed a new predictive maintenance system for aircraft, which uses artificial intelligence and machine learning to analyze data from the aircraft's sensors and predict when maintenance is required.
• GE Aviation has developed a new advanced turboprop engine for regional aircraft, which is expected to improve fuel efficiency and reduce emissions.
• Pratt & Whitney has developed a new geared turbofan engine for commercial aircraft, which is expected to reduce fuel consumption and noise levels.