Aerospace Fasteners Market Size, Share, and Growth Analysis, By Product Type (Rivets, Screws), By Application (Cabin Interior, Fuselage), By Aircraft Type, By End User, By Region - Industry Forecast 2025-2032

Aerospace Fasteners Market size was valued at USD 6.1 billion in 2023 and is poised to grow from USD 6.59 billion in 2024 to USD 12.3 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).

The aerospace fasteners market is witnessing significant growth driven by the surge in global air travel and rising living standards. Essential components like nuts, bolts, screws, rivets, washers, and pins are critical for both aircraft fabrication and repair, designed to endure high strength, extreme temperatures, and corrosion. These fasteners not only enhance aircraft safety by ensuring the structural integrity of vital assemblies but are also becoming increasingly important as nations bolster their military capabilities with advanced fighter jets and helicopters. The booming aviation sector, particularly in developing regions, has prompted key manufacturers such as Airbus, Boeing, and Bombardier to expand their production capabilities to fulfill rising demand for new commercial aircraft. This confluence of factors is propelling the aerospace fasteners market forward.

Top-down and bottom-up approaches were used to estimate and validate the size of the Aerospace Fasteners market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aerospace Fasteners Market Segments Analysis

Global Aerospace Fasteners Market is segmented by Product Type, Application, Aircraft Type, End User and region. Based on Product Type, the market is segmented into Rivets, Screws, Nuts & Bolts and Others. Based on Application, the market is segmented into Cabin Interior, Fuselage and Control Surfaces. Based on Aircraft Type, the market is segmented into Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Business Jets and Fighter Jets. Based on End User, the market is segmented into Commercial Aviation and Defense. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Aerospace Fasteners Market

The aerospace fasteners market is significantly driven by the ongoing growth of both commercial and military aircraft fleets across the globe. With air travel on the rise and a burgeoning demand for connectivity in emerging markets, airlines are increasingly ordering new aircraft to satisfy passenger needs. Moreover, defense modernization initiatives are further augmenting the acquisition of new military aircraft. This surge in aircraft development and procurement directly translates to a heightened requirement for aerospace fasteners, essential for the assembly and maintenance of these aircraft, thereby propelling the market forward.

Restraints in the Aerospace Fasteners Market

The aerospace fasteners market faces several restraints due to various global events including geopolitical tensions, natural disasters, and supply chain challenges, all of which can affect the availability of essential raw materials, manufacturing capabilities, and distribution networks. This market heavily relies on a stable and efficient supply chain to fulfill the needs of aircraft manufacturers, airlines, and defense contractors. When disruptions occur, they can result in production delays, heightened costs, and potential shortages, which ultimately impact the broader aerospace industry. Such factors pose significant challenges that could hinder market growth and stability.

Market Trends of the Aerospace Fasteners Market

The aerospace fasteners market is witnessing a significant trend towards the integration of smart technologies and the Internet of Things (IoT), marking a transformative shift in the industry. Smart fasteners equipped with advanced sensors are revolutionizing aircraft maintenance by enabling real-time monitoring of crucial parameters such as tension, temperature, torque, and fatigue. This innovative approach facilitates predictive maintenance, as the collected data offers valuable insights into the health and performance of fasteners and related components. As a result, airlines and maintenance teams can conduct remote assessments, allowing for proactive interventions and optimizations in maintenance schedules, ultimately enhancing operational efficiency and safety in aviation.