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Aviation & AerospaceAerospace

PUBLISHER: Grand View Research | PRODUCT CODE: 1404805

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PUBLISHER: Grand View Research | PRODUCT CODE: 1404805

Aerospace Parts Manufacturing Market Size, Share & Trends Analysis Report By Product (Engines, Avionics), By Aircraft Type (Business, Military), By Region (North America, Asia Pacific), And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Aerospace Parts Manufacturing Market Growth & Trends:

The global aerospace parts manufacturing market size was estimated at USD 1,233.24 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The expansion in air passenger and air freight volume across the globe against the backdrop of economic growth in emerging countries and considerable developments in commercial aviation are the key drivers for aerospace parts manufacturing market.

The number of passengers flying per year has continued to ascend, fueled by affordable ticket prices, frequency of flights, and route availability. This is to positively impact on the aerospace parts manufacturing market over the coming years. Aviation is carbon intensive and one of the fastest growing sectors in terms of greenhouse emissions. Increasing demand for air transportation and decreasing marginal fuel efficiency are likely to put pressure on aerospace industry to reduce the greenhouse emissions.

Growth and improvement in emerging economies coupled with the increase in per capita income are expected to drive the demand for passenger and air freight over the forecast period, consequently resulting in surged demand for aerospace parts manufacturing. Moreover, the aging fleet, technological advancements, increased need for efficient aircraft, and aircraft designed for specific missions such as space missions are expected to drive the demand for new aircraft, thereby boosting the demand for aerospace parts manufacturing.

The increased defense spending to reduce the operational costs and improve the efficiency of aircraft is anticipated to create opportunities for innovation, which, in turn, is expected to boost the technological advancements in aerospace parts manufacturing market. Additionally, energy costs continue to be the most significant expense in aircraft operations, thus impelling the replacement of more in-service aircraft with fuel-efficient aircraft. This is further anticipated to present tremendous opportunities to the aircraft and aero engine manufacturers.

Aerospace parts manufacturers purchase raw materials either directly from suppliers or through third party suppliers under competitively priced supply contracts or bidding arrangements. Parts manufacturers procure raw materials from suppliers to produce customized components for their clients. They enter into long-term contracts with material suppliers to maintain a robust supply. The manufacturers of the complex aerospace parts, such as aero engines, have their own supply chain within the market.

Aircraft manufacturers provide the flexibility of customization to their major customers such as large airlines in order to differentiate the brands and fulfill operational requirements. Airlines then add or modify the pre-qualified components offered by the suppliers. Airlines enter into definitive agreements with aerospace parts manufacturers for the supply and maintenance of their products. In addition, major market suppliers such as Safran Group offer their engines to the airlines and simultaneously offer maintenance, repair, and overhaul services.

Aerospace Parts Manufacturing Market Report Highlights:

  • On the basis of product, aircraft manufacturing is dominated the aerospace parts manufacturing industry in 2022 with the revenue share of 51.5%. However, manufacturing of insulation components represent the strongest growth and is expected to continue the trend in the near future. Additive manufacturing is gaining attraction, owing to its benefits, such as low-cost and reduction in errors.
  • Based on aircraft type, commercial aircrafts dominated the market including passenger, freight, and cargo aircraft. The global commercial passenger and cargo fleet are expected to grow in line with the annual number of passengers, which is expected to double over the next two decades.
  • Based on the region, North America contributes the largest share to the market, accounting for more than 50.5% of the total market in 2022, owing to the presence of key aerospace parts manufacturers coupled with the huge aircraft manufacturing industry in the region.
  • The Asia Pacific region is estimated to be the fastest growing market for aerospace parts manufacturing industry due to growing development in the aviation industry in the region driven by the economic growth of Japan, China and other markets. Moreover, growth in passenger traffic is forecasted to drive the market growth over the forecast period.
  • The aerospace parts manufacturing companies are integrated into the value chain from earlier stages of material purchase and design process. Aircraft manufacturing companies work closely with suppliers to monitor technological trends as well as to anticipate any changes in component availability and pricing.
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Product Code: GVR-2-68038-678-3

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR'S Internal Database
    • 1.3.3. Secondary Sources
    • 1.3.4. Third Party Perspective
    • 1.3.5. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation and Data Visualization
  • 1.6. List of data sources

Chapter 2. Executive Summary

  • 2.1. Geographic Snapshot
  • 2.2. Segment Snapshot
  • 2.3. Segment Snapshot
  • 2.4. Competitive Snapshot

Chapter 3. Aerospace Parts Manufacturing Market Variables, Trends & Scope

  • 3.1. Industry Value Chain Analysis
    • 3.1.1. SUPPLIER OUTLOOK
      • 3.1.1.1. Airbus A380
      • 3.1.1.1.1. Aerostructure
      • 3.1.1.1.2. Engine
      • 3.1.1.1.3. Equipment Safety & Support Component
      • 3.1.1.1.4. Avionics
      • 3.1.1.1.5. Insulation Components
      • 3.1.1.1.6. Cabin Interiors
      • 3.1.1.2. Airbus A350
      • 3.1.1.2.1. Airframe systems & assemblies
      • 3.1.1.2.2. Cabin interiors
      • 3.1.1.2.3. Equipment Safety & Support Component
      • 3.1.1.2.4. Avionics
      • 3.1.1.2.5. Engine
      • 3.1.1.2.6. Components
      • 3.1.1.3. Boeing 787 Dreamliner
      • 3.1.1.3.1. Airframe systems & assemblies
      • 3.1.1.3.2. Cabin interiors
      • 3.1.1.3.3. Equipment Safety & Support Component
      • 3.1.1.3.4. Avionics
      • 3.1.1.3.5. Engine
      • 3.1.1.3.6. Components
      • 3.1.1.4. List of Major Tier 1 and Tier 2 Suppliers, by Components
      • 3.1.1.5. List of Major Products Manufactured by Companies
      • 3.1.1.5.1. Jamco Corporation
      • 3.1.1.5.2. Intrex Aerospace
      • 3.1.1.5.3. Rolls Royce plc
      • 3.1.1.5.4. CAMAR Aircraft Parts Company
      • 3.1.1.5.5. Safran Group
      • 3.1.1.5.6. Woodward, Inc.
      • 3.1.1.5.7. Engineered Propulsion System
      • 3.1.1.5.8. Eaton Corporation plc
      • 3.1.1.5.9. Aequs
      • 3.1.1.5.10. Aero Engineering & Manufacturing Co.
      • 3.1.1.5.11. GE Aviation
      • 3.1.1.5.12. Lycoming Engines
      • 3.1.1.5.13. Pratt & Whitney
      • 3.1.1.5.14. Superior Air Parts, Inc.
      • 3.1.1.5.15. MTU Aero Engines AG
      • 3.1.1.5.16. Honeywell International, Inc.
      • 3.1.1.5.17. UTC Aerospace Systems
    • 3.1.2. Top Producers
      • 3.1.2.1. The Boeing Company
      • 3.1.2.2. Airbus Se
  • 3.2. Technology Overview
    • 3.2.1. Lightweight Materials
    • 3.2.2. Additive Manufacturing
  • 3.3. Raw Material Trends
    • 3.3.1. Philippines Raw Material Trends
  • 3.4. Regulatory Framework
    • 3.4.1. U.S. Federal Aviation Administration
      • 3.4.1.1. Original Design Process
      • 3.4.1.2. Original Design Approval Regulations & Policies
      • 3.4.1.3. Parts Manufacturer Approval
    • 3.4.2. Asia Pacific Regulatory Framework
      • 3.4.2.1. China
      • 3.4.2.1.1 China Civil Aviation Technical Standard Order
  • 3.5. Aerospace Parts Trade Statistics, By Key Countries, 2017 - 2021
    • 3.5.1. U.S.
    • 3.5.2. Canada
    • 3.5.3. Mexico
    • 3.5.4. Germany
    • 3.5.5. Uk
    • 3.5.6. France
    • 3.5.7. Italy
    • 3.5.8. The Netherlands
    • 3.5.9. Indonesia
    • 3.5.10. Malaysia
    • 3.5.11. Philippines
    • 3.5.12. China
    • 3.5.13. Japan
    • 3.5.14. India
    • 3.5.15. Republic Of Korea
    • 3.5.16. Australia
    • 3.5.17. Saudi Arabia
    • 3.5.18. United Arab Emirates (Uae)
    • 3.5.19. Qatar
    • 3.5.20. Brazil
  • 3.6. Aerospace Parts Manufacturing Market - Market Dynamics
    • 3.6.1. Market Driver Analysis
      • 3.6.1.1. Rise In Passenger And Freight Traffic
      • 3.6.1.2. Increase In Rate Of Aircraft Fleet Replacement
    • 3.6.2. Market Restraint Analysis
      • 3.6.2.1. Fluctuations In Raw Material Prices
    • 3.6.3. Market Challenges
    • 3.6.4. Market Opportunities
  • 3.7. Business Environment Analysis: Aerospace Parts Manufacturing Market
    • 3.7.1. Aerospace Parts Manufacturing Market - Porter's Analysis
    • 3.7.2. Aerospace Parts Manufacturing Market: Pestel Analysis
  • 3.8. Parts Manufacturing And Mro Growth Opportunities
    • 3.8.1. Asia Pacific
    • 3.8.2. Philippines
  • 3.9. Aerospace Industry Analysis, By Country
    • 3.9.1. Malaysia
    • 3.9.2. Morocco
    • 3.9.3. Mexico

Chapter 4. Aerospace Parts Manufacturing Market: Product Estimates & Trend Analysis

  • 4.1. Key Takeaways
  • 4.2. Product Movement Analysis & Market Share, 2023 & 2030
  • 4.3. Aerospace Manufacturing Parts Market Estimates & Forecast, By Product (USD Billion), 2018 - 2030
  • 4.4. Engines
  • 4.5. Aircraft Manufacturing
  • 4.6. Cabin Interiors
  • 4.7. Equipment, System, & Support
  • 4.8. Avionics
  • 4.9. Insulation Components

Chapter 5. Aerospace Parts Manufacturing Market: Aircraft Estimates & Trend Analysis

  • 5.1. Key Takeaways
  • 5.2. Aircraft Movement Analysis & Market Share, 2023 & 2030
  • 5.3. Aerospace Manufacturing Parts Market Estimates & Forecast, By Aircraft (USD Billion), 2018 - 2030
  • 5.4. Commercial Aircraft
  • 5.5. Business Aircraft
  • 5.6. Military Aircraft
  • 5.7. Others

Chapter 6. Aerospace Parts Manufacturing Market: Regional Estimates & Trend Analysis

  • 6.1. Aerospace Parts Manufacturing Market: Regional Outlook
  • 6.2. North America
    • 6.2.1. North America Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.2.2. U.S.
      • 6.2.2.1. U.S. Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.2.3. Canada
      • 6.2.3.1. Canada Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.2.4. Mexico
      • 6.2.4.1. Mexico Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
  • 6.3. Europe
    • 6.3.1. Europe Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.3.2. Germany
      • 6.3.2.1. Germany Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.3.3. UK
      • 6.3.3.1. Uk Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.3.4. France
      • 6.3.4.1. France Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.3.5. Italy
      • 6.3.5.1. Italy Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.3.6. The Netherlands
      • 6.3.6.1. The Netherlands Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.4.2. Indonesia
      • 6.4.2.1. Indonesia Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.4.3. Malaysia
      • 6.4.3.1. Malaysia Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.4.4. Philippines
      • 6.4.4.1. Philippines Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.4.5. China
      • 6.4.5.1. China Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.4.6. Japan
      • 6.4.6.1. Japan Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.4.7. Australia
      • 6.4.7.1. Australia Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
  • 6.5. Central & South America
    • 6.5.1. Central & South America Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
    • 6.5.2. Brazil
      • 6.5.2.1. Brazil Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
  • 6.6. Middle East & Africa
    • 6.6.1. Middle East & Africa Aerospace Parts Manufacturing Market Estimates And Forecasts, 2018 - 2030 (USD Billion)

Chapter 7. Aerospace Parts Manufacturing Market - Competitive Landscape

  • 7.1. Company Market Share, 2023
    • 7.1.1. Commercial Turbofan Engines Market Share - Company Market Share Analysis
  • 7.2. Aerospace Parts Manufacturing Market: Distribution Landscape
  • 7.3. Competitive Landscape
  • 7.4. Strategy Framework
  • 7.5. Company Listing
    • 7.5.1. JAMCO Corporation
    • 7.5.2. Intrex Aerospace
    • 7.5.3. Rolls Royce plc
    • 7.5.4. CAMAR Aircraft Parts Company
    • 7.5.5. Safran Group
    • 7.5.6. Woodward, Inc.
    • 7.5.7. Engineered Propulsion System
    • 7.5.8. Eaton Corporation plc
    • 7.5.9. Aequs
    • 7.5.10. Aero Engineering & Manufacturing Co.
    • 7.5.11. GE Aviation
    • 7.5.12. Lycoming Engines
    • 7.5.13. Pratt & Whitney
    • 7.5.14. Superior Air Parts Inc.
    • 7.5.15. MTU Aero Engines AG
    • 7.5.16. Honeywell International, Inc.
    • 7.5.17. Collins Aerospace
    • 7.5.18. Composite Technology Research Malaysia Sdn. Bhd.
    • 7.5.19. Mitsubishi Heavy Industries Ltd.
    • 7.5.20. Kawasaki Heavy Industries Ltd.
    • 7.5.21. Subaru Corporation
    • 7.5.22. IHI Corporation
    • 7.5.23. Lufthansa Technik AG
    • 7.5.24. Diel Aviation Holding GmbH
    • 7.5.25. Elektro-Metall Export GmbH
    • 7.5.26. Liebherr International AG
    • 7.5.27. Hexcel Corporation
    • 7.5.28. DuCommun Incorporated
    • 7.5.29. Rockwell Collins
    • 7.5.30. Spirit Aerosystems, Inc.
    • 7.5.31. Panasonic Avionics Corporation
    • 7.5.32. Zodiac Aerospace
    • 7.5.33. Thales S.A.
    • 7.5.34. Dassault Systems SE
    • 7.5.35. Parker-Hannifin Corporation
    • 7.5.36. Chemetall GmbH
    • 7.5.37. Premium AEROTECH GmbH
    • 7.5.38. Daher Group
    • 7.5.39. FACC AG
    • 7.5.40. Triumph Group
    • 7.5.41. Curtiss-Wright Corporation
    • 7.5.42. Stelia Aerospace
    • 7.5.43. Magellan Aerospace
    • 7.5.44. Bridgestone Corporation
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Product Code: GVR-2-68038-678-3

List of Tables

  • Table 1 Aerospace Manufacturing Parts Market Estimates & Forecast, By Product, 2018 - 2030 (USD Billion)
  • Table 2 Aerospace Manufacturing Parts Market Estimates & Forecast, By Aircraft, 2018 - 2030 (USD Billion)
  • Table 3 Aerospace Parts Manufacturing Market: Distribution Landscape

List of Figures

  • Fig. 1 Aerospace Parts Manufacturing Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation And Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Regional Outlook
  • Fig. 7 Segmental Outlook
  • Fig. 8 Competitive Outlook
  • Fig. 9 Aerospace parts manufacturing market - Industry value chain analysis
  • Fig. 10 Aerospace parts manufacturing market: Supply chain
  • Fig. 11 Aerospace parts manufacturing market: Market dynamics
  • Fig. 12 Number of flights worldwide, 2017 - 2021 (In Millions)
  • Fig. 13 In - service aircraft reaching 25 years of age which needs replacement (Units)
  • Fig. 14 Prices of aluminum, 2017 - 2023 (USD/Ton)
  • Fig. 15 Aerospace Parts Manufacturing Market, by Product: Key Takeaways
  • Fig. 16 Aerospace Parts Manufacturing Market, by Product: Market Share, 2023 & 2030
  • Fig. 17 Aerospace parts manufacturing market estimates & forecasts, by engine 2018 - 2030 (USD Billion)
  • Fig. 18 Aerospace parts manufacturing market estimates & forecasts, by aircraft 2018 - 2030 (USD Billion)
  • Fig. 19 Aerospace parts manufacturing market estimates & forecasts, by cabin interiors 2018 - 2030 (USD Billion)
  • Fig. 20 Aerospace parts manufacturing market estimates & forecasts, by equipment, system, & support 2018 - 2030 (USD Billion)
  • Fig. 21 Aerospace parts manufacturing market estimates & forecasts, by avionics 2018 - 2030 (USD Billion)
  • Fig. 22 Aerospace parts manufacturing market estimates & forecasts, by insulation components 2018 - 2030 (USD Billion)
  • Fig. 23 Aerospace Parts Manufacturing Market, by Aircraft: Key Takeaways
  • Fig. 24 Aerospace Parts Manufacturing Market, by Application: Market Share, 2023 & 2030
  • Fig. 25 Aerospace parts manufacturing market estimates & forecasts, by aircraft, 2018 - 2030 (USD Billion)
  • Fig. 26 Aerospace parts manufacturing market estimates & forecasts, by aircraft, 2018 - 2030 (USD Billion)
  • Fig. 27 Aerospace parts manufacturing market estimates & forecasts, by aircraft, 2018 - 2030 (USD Billion)
  • Fig. 28 Aerospace parts manufacturing market estimates & forecasts, by aircraft, 2018 - 2030 (USD Billion)
  • Fig. 29 Aerospace parts manufacturing market revenue, by region, 2023 & 2030 (USD Billion)
  • Fig. 30 Regional marketplace: Key takeaways
  • Fig. 31 Regional marketplace: Key takeaways
  • Fig. 32 North America aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 33 U.S. aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 34 Canada aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 35 Mexico aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 36 Europe aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 37 Germany aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 38 UK aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 39 France aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 40 Italy aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 41 The Netherlands aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 42 Asia Pacific aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 43 Indonesia aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 44 Malaysia aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 45 Philippines aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 46 China aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 47 Japan aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 48 Australia aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 49 Central & South America aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 50 Brazil aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 51 Middle East & Africa aerospace parts manufacturing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 52 Commercial turbofan engines market share: Company market share analysis
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