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

• Aircraft engine parts
• Avionics components
• Landing gear assemblies
• Hydraulic systems
• Electrical systems
• Fuel systems
• Propellers
• Turbine blades
• Cockpit instruments
• Airframe components

Common products and services typical of NAICS Code 423860-05, illustrating the main business activities and contributions to the market.

• Reclaimed aircraft engine parts
• Refurbished avionics components
• Used landing gear assemblies
• Reclaimed hydraulic systems
• Refurbished electrical systems
• Reclaimed fuel systems
• Used propellers
• Refurbished turbine blades
• Reclaimed cockpit instruments
• Used airframe components

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 sets out the requirements for a quality management system. It is applicable to any organization, regardless of size or industry. The certification is issued by the International Organization for Standardization (ISO) and ensures that the company has a quality management system in place that meets customer and regulatory requirements.
• AS9120B Certification: This certification is a quality management system standard for distributors of aerospace commodity items. It is issued by the International Aerospace Quality Group (IAQG) and ensures that the company has a quality management system in place that meets customer and regulatory requirements specific to the aerospace industry.
• ITAR Registration: This registration is required for companies that manufacture, export, or import defense articles and services. It is issued by the U.S. Department of State and ensures that the company complies with the International Traffic in Arms Regulations (ITAR).
• NIST SP 800-171 Compliance: This compliance is required for companies that handle controlled unclassified information (CUI) for the U.S. government. It is issued by the National Institute of Standards and Technology (NIST) and ensures that the company has implemented the necessary security controls to protect CUI.

A concise historical narrative of NAICS Code 423860-05 covering global milestones and recent developments within the United States.

• The Aircraft Parts-Reclaiming (Wholesale) industry has a long history dating back to the early days of aviation. In the early 1900s, the Wright brothers began manufacturing their own aircraft parts, and soon after, other companies followed suit. During World War II, the industry experienced a significant boom as the demand for aircraft parts increased. After the war, the industry continued to grow as airlines expanded their fleets and the demand for aircraft parts increased. In recent years, the industry has faced challenges due to the decline in the number of aircraft in operation and the increasing use of newer, more efficient aircraft. However, the industry has adapted by focusing on the reclamation and recycling of older aircraft parts, which has helped to sustain its growth. In the United States, the Aircraft Parts-Reclaiming (Wholesale) industry has seen significant growth in recent years. This growth can be attributed to several factors, including the increasing demand for aircraft parts due to the expansion of the airline industry, the growing popularity of air travel, and the increasing use of older aircraft. Additionally, advancements in technology have made it easier for companies to reclaim and recycle aircraft parts, which has helped to reduce costs and increase efficiency. Overall, the industry is expected to continue to grow in the coming years as the demand for aircraft parts continues to increase.

The anticipated future trajectory of the NAICS 423860-05 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 Parts-Reclaiming (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for aircraft parts and the growing aviation industry. The rise in air travel and the need for aircraft maintenance and repair will drive the demand for aircraft parts, which will benefit the industry. Additionally, the increasing focus on sustainability and the need to reduce carbon emissions in the aviation industry will create opportunities for the industry to reclaim and recycle aircraft parts, which will further boost growth. However, the industry may face challenges due to the COVID-19 pandemic, which has caused a decline in air travel and reduced demand for aircraft parts. Nevertheless, the industry is expected to recover as air travel resumes and the aviation industry rebounds.

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

• Use Of 3D Printing Technology to Produce Aircraft Parts: 3D printing technology is being used to produce aircraft parts, which is faster and more cost-effective than traditional manufacturing methods. This innovation is expected to reduce the cost of aircraft parts and increase their availability.
• Development Of Sustainable Aircraft Parts: The industry is focusing on developing sustainable aircraft parts that can be recycled and reused, which will reduce waste and benefit the environment.
• Use Of Artificial Intelligence In Aircraft Maintenance: Artificial intelligence is being used to monitor and predict aircraft maintenance needs, which will improve safety and reduce downtime.
• Adoption Of Blockchain Technology for Supply Chain Management: The industry is adopting blockchain technology to improve supply chain management, which will increase transparency and reduce the risk of fraud.
• Development Of New Aircraft Parts Recycling Techniques: The industry is developing new techniques to reclaim and recycle aircraft parts, which will reduce waste and benefit the environment.