Aerospace & Defense C-class Parts Market Forecasts to 2030 - Global Analysis By Product, Material, Application, End User and By Geography

According to Stratistics MRC, the Global Aerospace & Defense C-class Parts Market is accounted for $14.0 billion in 2024 and is expected to reach $21.1 billion by 2030 growing at a CAGR of 7.1% during the forecast period. C-class parts are typically non-critical in terms of safety and structural integrity but are essential for the overall function of an aircraft or defense system. These parts often include standard hardware, fasteners, fittings, and other auxiliary components that do not significantly impact the performance or safety of the primary systems but are necessary for the assembly and operation of the equipment. Unlike A-class or B-class parts, which are critical for safety and structural integrity, C-class parts are less critical, meaning their failure is less likely to compromise safety or performance. These parts are often standardized and manufactured in bulk, making them more readily available and less expensive compared to high-precision or specialized components and to the overall functionality of the system but are not integral to the primary operational systems.

According to the Stockholm International Peace Research Institute (SIPRI) report, global military expenditure risen by approximately 2.6% from 2017 to 2018.

Market Dynamics:

Driver:

Global rise in air travel

As commercial aviation experiences resurgence, driven by increased passenger traffic and the production of new aircraft models such as the B737 MAX and A320neo, the demand for C-class parts is expected to soar. Airlines and defense contractors require more aircraft and equipment, leading to higher consumption of C-class parts such as fasteners, fittings, and standard hardware. This growth stimulates production and innovation within the C-class parts sector, encouraging manufacturers to scale up operations and improve supply chain efficiencies. Additionally, increased air traffic drives the need for more frequent maintenance and parts replacement, further boosting demand for C-class components.

Restraint:

Shortages of C-class parts due to trade disputes, conflicts, and natural disasters

Shortages lead to delays in aircraft assembly, maintenance, and repairs, impacting operational efficiency and increasing costs for airlines and defense contractors. Trade disputes can restrict the flow of essential components, while conflicts and natural disasters can damage manufacturing facilities and supply chains, exacerbating shortages. These disruptions can result in higher prices for C-class parts due to scarcity and increased procurement costs hampering the market growth.

Opportunity:

Development of new weapon systems and technologies

As advanced weaponry and defense technologies are introduced, there is an increased need for a wide range of non-critical components used in their assembly and maintenance. These new systems often require specialized fasteners, fittings, and hardware that fall into the C-class category. This drive for innovation stimulates demand for C-class parts, encouraging manufacturers to develop and supply a broader array of components that meet evolving technological requirements. Additionally, advancements in weapon systems often lead to enhanced quality and performance standards for C-class parts, fostering improvements in material properties and design.

Threat:

Stringent regulations and quality standards

Stringent regulations and quality standards demand high levels of precision and reliability, which can complicate the manufacturing processes for non-critical components such as fasteners and fittings. Compliance with these regulations often requires advanced quality control measures, testing, and documentation, leading to higher production costs. The increased scrutiny and certification requirements can also lead to longer lead times, impacting supply chain efficiency and causing delays in the availability of C-class parts.

Covid-19 Impact:

The COVID-19 pandemic disrupted the Aerospace & Defense C-class parts market by causing supply chain interruptions and delays in manufacturing. Lockdowns and restrictions led to reduced production capacity and shortages of essential materials, affecting the availability of non-critical components. However, the pandemic also accelerated shifts towards more resilient and adaptable supply chains. As the industry recovers, there is increased focus on improving inventory management and diversifying suppliers to mitigate future disruptions.

The fasteners segment is expected to be the largest during the forecast period

The fasteners is expected to be the largest during the forecast period owing to the high consumption of fasteners, including rivets, bolts, screws, washers, nuts, seals, and rings, which are used as essential components in the assembly of aircraft parts. Moreover as aerospace and defense applications often require high standards for reliability and safety, advancements in fasteners can drive the demand for C-class parts.

The interiors segment is expected to have the highest CAGR during the forecast period

The interiors segment is expected to have the highest CAGR during the forecast period because cabin interiors are structurally less demanding than aerostructure, however, they have stringent mechanical requirements. The segment exhibits substantial demand for a wide range of components including lighting, seating, galley, chilling system, oxygen system, drinking water system, vacuum waste system, and cargo equipment.

Region with largest share:

North America is projected to hold the largest market share during the forecast period attributed to the well-established aircraft manufacturing industry in the region, which caters to around one-third operational fleet across the globe. Moreover, the region benefits from advanced manufacturing technologies and a well-established supply chain, supporting the production of high-quality C-class components. Innovations and improvements in manufacturing processes also contribute to market growth.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to increasing military expenditure in India, China, and Japan, are expected to drive the demand for military aircraft, thereby driving the market growth in the Asia Pacific. In addition, huge growth in passenger traffic owing to increasing per capita income and growing population is expected to aid the market growth.

Key players in the market

Some of the key players in Aerospace & Defense C-class Parts market include Amphenol Corp., Arconic, Inc., Boeing, Eaton Corp., Embraer, LiSi Aerospace, LMI Aerospace, Inc., National Aerospace Fasteners Corp., NTN Corp, Precision Castparts Corp, RCB Bearings, Inc., Safran SA, Satcom Direct, Stanley Black & Decker Inc, TE Connectivity. Textron Aviation Inc., Trimas Corp. And Triumph Group

Key Developments:

In August 2024, Poland Signs LOA for 96 Boeing AH-64E Apache Helicopters. The AH-64E Apache helicopters will strengthen Poland's operational capability and interoperability with the U.S., NATO and allied nations. We look forward to delivering this unmatched capability.

In August 2024, Boeing, U.S. Air Force Definitize Contract for Two Rapid Prototype E-7A Airborne Early Warning and Control (AEW&C) Aircraft. The combat-proven E-7A Wedgetail provides targeted tracking and battle management command-and-control capabilities to joint forces for "first to detect, first to engage" advantage.

In August 2024, Eaton's ReLaunch Program Enabling Women To Restart Their Careers. This program is thoughtfully designed to provide a platform for women who are looking to bridge the gap between career breaks and the current job market. It offers full-time job opportunities across various domains within Eaton

Products Covered:

• Fasteners
• Hardware
• Electrical Components
• Seals & Gaskets
• Bearings
• Miscellaneous Components
• Other Products

Materials Covered:

• Metals
• Composites
• Polymers
• Other Materials

Applications Covered:

• Airframe
• Interiors
• Engines
• Systems
• Other Applications

End Users Covered:

• Commercial Aerospace
• Military Aerospace
• Space Exploration
• Defense
• Aftermarket
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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