Aerospace is the human effort in science, engineering, and business to fly in the atmosphere of Earth (aeronautics) and surrounding space (astronautics). Aerospace organizations research, design, manufacture, operate, or maintain aircraft and/or spacecraft. Aerospace manufacturing is a high-technology industry that produces commercial, military, and civilian aircrafts, space vehicles, aircraft engines, propulsion units, and related parts.
US Industry Revenues (2014): 228 Billion
US Industry Revenues (2015 Estimate): 240 Billion
US Industry Employment (2014): 606,600
The average production employee in aerospace products and parts production works 42.6 hours a week.
The working conditions in the aerospace industry vary by job. Production jobs in the aerospace industry are generally located in manufacturing facilities. The quality of equipment and facilities depends greatly on the age of the facility.
Aerospace production jobs usually require standing for long period of time and some measure of physical strength.
Important locations of the aerospace industry within the U.S. include the following:
- Washington State
- New York
In 2014, the U.S. aerospace contributed $228 Billion to the US economy, with $118.8 billion in export sales. The industry’s positive trade balance of $70.5 billion is the largest trade surplus of any manufacturing industry and came from exporting 64.3 percent of all aerospace production.
The U.S. aerospace market is the largest in the world and has a skilled workforce, extensive distribution systems, diverse offerings, and strong support at the local and national level for policy and promotion. The U.S. aerospace industry directly employs about 600,000 workers in scientific and technical jobs across the nation and supports more than 700,000 jobs in related fields. Job growth over the next decade is expected to increase at a slow pace. According to the U.S. Bureau of Labor Statistics, employment opportunities in the Aerospace Industry are expected to grow slower than the national average.
Industry estimates indicate that the annual increase in the number of large commercial airplanes during the next 20 years will be 3.5 percent per year for a total of 34,000 valued at $4.5 trillion.