Aerospace Parts Manufacturing Market, By Product, By Aircraft Type, By Application, By Geography

Description

The aerospace parts manufacturing market is estimated to be valued at USD 918.7 Bn in 2024 and is expected to reach USD 1,419.2 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 918.7 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	6.40%	2030/2031 Value Projection:	US$ 1,419.2 Bn

Aerospace Parts Manufacturing Market Share (%), By Region, 2024

Aerospace Parts Manufacturing Market - IMG1

The aerospace parts manufacturing market involves the production of aircraft parts and components used in manufacturing commercial, military, business, and general aviation aircraft. It comprises companies primarily engaged in manufacturing aircraft structural parts like fuselage, wings, tail, and supporting systems. Rapid globalization, rising passenger traffic, growing military spending of countries, and utilization of newer aircraft materials are some of the key factors fueling the market growth. Advanced manufacturing technologies like 3D printing and robotics are assisting aerospace parts manufacturers in producing lightweight parts with better efficiency. With air travel becoming more accessible, the aerospace parts manufacturing industry is poised to witness steady growth over the coming years.

Market Dynamics:

The aerospace parts manufacturing market is driven by increasing commercial aircraft procurements and military upgrades globally. Rising passenger traffic has encouraged major aircraft OEMs like Boeing and Airbus to ramp up production rates. Geopolitical tensions are also propelling defense modernization programs worldwide. Furthermore, the adoption of fuel-efficient aircraft with more composite materials provides opportunities for manufacturers of next-generation aerospace parts. However, the market growth can be restrained by the high costs associated with aircraft manufacturing and risks of supply chain disruptions. Stringent aviation safety regulations also remain a challenge for parts makers. Ongoing investments in digital transformation using IoT, 3D printing, and robotics are helping players overcome these obstacles.

Key Features of the Study:

This report provides an in-depth analysis of the global aerospace parts manufacturing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2024 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global aerospace parts manufacturing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Airbus Group, Alcoa Corporation, Arconic Corporation, Boeing, Bombardier Inc., Collins Aerospace, Elbit Systems Ltd, Teijin, Lockheed Martin Corporation, Triumph Group, Inc, Safran , JAMCO Corporation, Rolls-Royce plc , Intrex Aerospace, CAMAR Aircraft Parts Co. , GENERAL ELECTRIC, Honeywell International Inc., Superior Air Parts., Thales, and PARKER HANNIFIN.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global aerospace parts manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aerospace parts manufacturing market.

Market Segmentation:

By Product
- Engines
- Cabin Interiors
- Aerostructure
- Avionics
- Insulation Components
- Others
By Aircraft Type
- Narrow Body aircraft
- Wide-body aircraft
- Turboprop aircraft
By Application
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players
- Airbus Group
- Alcoa Corporation
- Arconic Corporation
- Boeing
- Bombardier Inc.
- Collins Aerospace
- Elbit Systems Ltd
- Teijin
- Lockheed Martin Corporation
- Triumph Group, Inc
- Safran
- JAMCO Corporation
- Rolls-Royce plc
- Intrex Aerospace
- CAMAR Aircraft Parts Co.
- GENERAL ELECTRIC
- Honeywell International Inc.
- Superior Air Parts.
- Thales
- PARKER HANNIFIN

Product Code: CMI6706

1. Research Objectives and Assumptions

Research Objectives
Assumptions

2. Market Overview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Aircraft Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Market Scenario - Conservative, Likely, Opportunistic
Market Opportunity Map

3. Market Dynamics and Trend Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Pest Analysis
Porters Analysis
Regulatory Scenario
COVID-19 Impact Analysis
New Product Approvals
Market Attractiveness, By Country
Market Attractiveness, By Market Segment
Key Developments & Deals
Trend Analysis - Historic and Future Trend Assessment
Key Developments

4. Global Aerospace Parts Manufacturing Market, By Product , 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Engines, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Cabin Interiors, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Aerostructure, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Avionics, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Insulation Components, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Others, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

5. Global Aerospace Parts Manufacturing Market, By Aircraft Type, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Narrow Body aircraft, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Wide-body aircraft, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Turboprop aircraft, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

6. Global Aerospace Parts Manufacturing Market, By Application, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Commercial Aircraft, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Business Aircraft, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Military Aircraft, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

7. Global Aerospace Parts Manufacturing Market, By Region, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, (US$ Billion)
- Market Y-o-Y Growth Comparison (%), 2024 - 2031, (US$ Billion)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product , 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Aircraft Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, By Product , 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Aircraft Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
U.K.
Germany
Italy
France
Spain
Russia
Rest Of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product , 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Aircraft Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
China
India
Japan
Australia
South Korea
ASEAN
Rest Of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product , 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Aircraft Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
GCC
Israel
Rest of Middle East & Africa
Latin America
- Introduction
- Market Size and Forecast, By Product , 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Aircraft Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
Brazil
Mexico
Argentina
Rest of Latin America

8. Company Profiles - Global Aerospace Parts Manufacturing Market

Airbus Group
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
Alcoa Corporation
Arconic Corporation
Boeing
Bombardier Inc.
Collins Aerospace
Elbit Systems Ltd
Teijin
Lockheed Martin Corporation
Triumph Group, Inc
Safran
JAMCO Corporation
Rolls-Royce plc
Intrex Aerospace
CAMAR Aircraft Parts Co.
GENERAL ELECTRIC
Honeywell International Inc.
Superior Air Parts.
Thales
PARKER HANNIFIN

9. References and Research Methodology

References
Research Methodology
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