Aerospace And Defense Springs Market Size, Share & Trends Analysis Report By Type (Flat Spiral/Power Springs, Coil Springs, Torsion, Torque Coil, Clutch Springs, Others), By Region, And Segment Forecasts, 2024 - 2030

PUBLISHED: July 19, 2024

PAGES: 110 Pages

DELIVERY TIME: 2-10 business days

ADD TO COMPARE

SELECT AN OPTION

The global aerospace & defense springs market size was valued at USD 356.6 million in 2023 and is projected to register a CAGR of 6.7% from 2024 to 2030. The market is poised for significant growth over the forecast period, driven by the continued development of lightweight, high-performance aircraft while guaranteeing adequate compliance with stringent safety regulations. The growth of the market can be attributed to the vital role specialized springs can play in vibration dampening, landing gear functionality, and flight control systems. Specialized springs are emerging as a niche component of lightweight, high-performance aircraft that can help airlines save costs and improve maneuverability for military applications.

The burgeoning use of springs in aerospace and defense applications necessitates a diverse range of spring types. This demand is driving the development of corrosion-resistant, lightweight springs, and springs with extended fatigue life, all tailored to meet the specific requirements of various end-use industries and verticals. To address these evolving needs, spring manufacturers are increasingly leveraging advanced technologies to design high-precision springs.

Aircraft designs are incorporating lighter materials and demanding functionalities, creating a boom for specialized springs. Manufacturers are exploring advanced materials like high-performance alloys and composites to develop lighter springs without sacrificing performance. These lighter springs translate to significant fuel savings for airlines and enhanced maneuverability for military aircraft. Similarly, the defense sector's focus on lightweight systems like next-generation fighter jets with advanced propulsion is driving innovation in spring materials and design.

The demand for lightweight, high-performance springs is soaring in both aerospace and defense industries. For instance, the U.S. Air Force is working on the development of a new-generation fighter aircraft as part of the Next Generation Air Dominance program. This new aircraft would be powered by adaptive engine technology, which has been under development under the Next Generation Adaptive Propulsion (NGAP) program. The U.S. Air Force proposed USD 595 million to the program for NGAP in the President's Budget.

Global Aerospace & Defense Springs Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global aerospace & defense springs market report based on type and region.

Type Outlook (Revenue, USD Million, 2017 - 2030)
Flat Spiral/Power Springs
Coil Springs
Torsion, Torque Coil, Clutch Springs
Others
Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America

U.S.

Canada

Europe

Germany

France

Asia Pacific

China

Japan

India

Latin America

Brazil

Mexico

Middle East & Africa

Product Code: GVR-3-68038-838-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation
1.2. Report Scope and Assumptions
1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
1.4. Research Methodology
1.5. Research Scope and Assumptions
1.6. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Summary
2.2. Market Snapshot
2.3. Segment Snapshot
2.4. Competitive Landscape Snapshot

Chapter 3. Market Variables, Trends, & Scope Outlook

3.1. Market Lineage Outlook
3.2. Aerospace & Defense Springs Market - Value Chain Analysis
3.3. Aerospace & Defense Springs Market Dynamics
- 3.3.1. Market Driver Analysis
  - 3.3.1.1. Increasing Demand for Lightweight and High-Performance Aircraft
  - 3.3.1.2. Growing Demand for Customized Springs and Advances in Spring Technology
- 3.3.2. Market Restraint Analysis
  - 3.3.2.1. Spring Failures due to Errors and Defects in Manufacturing
- 3.3.3. Market Opportunity Analysis
  - 3.3.3.1. Automation in Manufacturing Processes of Springs
  - 3.3.3.2. Advances in Material Technology and Enhanced Spring Features
3.4. Industry Analysis
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. Pestel Analysis

Chapter 4. Aerospace & Defense Springs Market - Type Outlook

4.1. Aerospace & Defense Springs Market: Type Estimates and Trend Analysis
4.2. Aerospace & Defense Springs Market Estimates & Forecasts, By Type, 2017 - 2030 (USD Million)
4.3. Flat Spiral/Power Springs
- 4.3.1. Aerospace & Defense Springs Market Estimates & Forecasts, By Flat Spiral/Power Springs, 2017 - 2030, (USD Million)
4.4. Coil Springs
- 4.4.1. Aerospace & Defense Springs Market Estimates & Forecasts, By Coil Springs, 2017 - 2030, (USD Million)
4.5. Torsion, Torque Coil, and Clutch Springs
- 4.5.1. Aerospace & Defense Springs Market Estimates & Forecasts, By Torsion, Torque Coil, and Clutch Springs, 2017 - 2030 (USD Million)
4.6. Others
- 4.6.1. Aerospace & Defense Springs Market Estimates & Forecasts, By Others, 2017 - 2030 (USD Million)

Chapter 5. Aerospace & Defense Springs Market - Regional Outlook

5.1. Aerospace & Defense Springs Market, By Region, 2023 & 2030
5.2. Aerospace & Defense Springs Market Estimates & Forecasts, By Region, 2017 - 2030 (USD Million)
5.3. North America
- 5.3.1. North America Aerospace & Defense Springs Market Estimates & Forecasts, (USD Million)
- 5.3.2. U.S.
  - 5.3.2.1. U.S. Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.3.3. Canada
  - 5.3.3.1. Canada Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
5.4. Europe
- 5.4.1. Europe Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.4.2. U.K.
  - 5.4.2.1. U.K. Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.4.3. Germany
  - 5.4.3.1. Germany Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.4.4. France
  - 5.4.4.1. France Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
5.5. Asia Pacific
- 5.5.1. Asia Pacific Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.5.2. China
  - 5.5.2.1. China Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.5.3. Japan
  - 5.5.3.1. Japan Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.5.4. India
  - 5.5.4.1. India Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
5.6. Latin America
- 5.6.1. Latin America Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.6.2. Brazil
  - 5.6.2.1. Brazil Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 5.6.3. Mexico
  - 5.6.3.1. Mexico Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)
5.7. Middle East and Africa
- 5.7.1. Middle East and Africa Aerospace & Defense Springs Market Estimates & Forecasts, 2017 - 2030 (USD Million)

Chapter 6. Aerospace & Defense Springs Market - Competitive Landscape

6.1. Company Categorization
6.2. Participant's Overview
6.3. Product Benchmarking
6.4. Global Aerospace & Defense Springs Market, Company Ranking, 2023
6.5. Strategy Mapping
- 6.5.1. Mergers & Acquisitions
6.6. Company List
- 6.6.1. Argo Spring Manufacturing Co., Inc.
- 6.6.2. M. Coil Spring Manufacturing Company
- 6.6.3. Myers Spring Co. Inc.
- 6.6.4. Ace Wire Spring & Form Co., Inc.
- 6.6.5. Vulcan Spring & Manufacturing Co.
- 6.6.6. EBSCO Spring Co.
- 6.6.7. Rowley Spring & Stamping Corp.
- 6.6.8. Nordia Springs Ltd.
- 6.6.9. John Evans' Sons Inc.
- 6.6.10. Lee Spring GmbH

Product Code: GVR-3-68038-838-1

List of Tables

TABLE 1 Aerospace & Defense Springs Market, (USD Million) 2017 - 2030
TABLE 2 Global Market Estimates and Forecasts, by Region, 2017 - 2030 (USD Million)
TABLE 3 Global Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
TABLE 4 Flat Spiral/Power Springs Market, by Region, 2017 - 2030 (USD Million)
TABLE 5 Coil Springs Market, by Region, 2017 - 2030 (USD Million)
TABLE 6 Torsion, Torque Coil, and Clutch Springs Market, by Region, 2017 - 2030 (USD Million)
TABLE 7 Others Market, by Region, 2017 - 2030 (USD Million)
TABLE 8 North America Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 9 U.S. Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 10 Canada Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 11 Europe Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 12 U.K. Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 13 Germany Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 14 France Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 15 Asia Pacific Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 16 China Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 17 Japan Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 18 India Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 19 Latin America Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 20 Brazil Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 21 Mexico Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 22 Middle East and Africa Aerospace & Defense Springs Market, by Type, 2017 - 2030 (USD Million)
TABLE 23 Company Market Share, 2023
TABLE 24 Key companies undergoing mergers & acquisitions

List of Figures

Fig. 1 Aerospace & Defense Springs Market Segmentation
Fig. 2 Aerospace & Defense Springs Market Report Scope
Fig. 3 Information Procurement
Fig. 4 Data Analysis Models
Fig. 5 Market Formulation and Validation
Fig. 6 Data Validating & Publishing
Fig. 7 Aerospace & Defense Springs Market Snapshot, 2023 & 2030 (USD Million)
Fig. 8 Segment Snapshot, by Type, 2023 & 2030 (USD Million)
Fig. 9 Competitive Landscape Snapshot
Fig. 10 Global Spring Market and Global Aerospace & Defense Spring Market, 2023 (USD Billion)
Fig. 11 Aerospace & Defense Springs Market - Value Chain Analysis
Fig. 12 Aerospace & Defense Springs Market Analysis - Market Dynamics
Fig. 13 Key Market Driver Impact
Fig. 14 Key Market Restraint Impact
Fig. 15 Key Market Opportunity Impact
Fig. 16 Aerospace & Defense Springs Market Analysis - Porter's Five Forces Analysis
Fig. 17 Aerospace & Defense Springs Market Analysis - PESTEL Analysis
Fig. 18 Aerospace & Defense Springs Market, By Type: Key Takeaways
Fig. 19 Aerospace & Defense Springs Market, By Type: Market Share Analysis 2023 & 2030
Fig. 20 Aerospace & Defense Springs Market Estimates and Forecasts, By Flat Spiral/Power Springs, 2017 - 2030 (USD Million)
Fig. 21 Aerospace & Defense Springs Market Estimates and Forecasts, By Coil Springs, 2017 - 2030 (USD Million)
Fig. 22 Aerospace & Defense Springs Market Estimates and Forecasts, By Torsion, Torque Coil, and Clutch Springs, 2017 - 2030 (USD Million)
Fig. 23 Aerospace & Defense Springs Market Estimates and Forecasts, By Others, 2017 - 2030 (USD Million)
Fig. 24 Aerospace & Defense Springs Market, By Region, 2023 & 2030 (USD Million)
Fig. 25 Regional Marketplace (North America & Europe) - Key Takeaways
Fig. 26 Regional Marketplace (Asia Pacific, Latin America, and Middle East and Africa) - Key Takeaways
Fig. 27 North America Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 28 U.S. Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 29 Canada Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 30 Europe Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 31 U.K. Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 32 Germany Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 33 France Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 34 Asia Pacific Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 35 China Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 36 Japan Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 37 India Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 38 Latin America Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 39 Brazil Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 40 Mexico Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 41 Middle East and Africa Aerospace & Defense Springs Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Fig. 42 Key Company Categorization