PUBLISHER: The Business Research Company | PRODUCT CODE: 1674249
PUBLISHER: The Business Research Company | PRODUCT CODE: 1674249
Aerospace Parts Manufacturing Global Market Report 2025
Aerospace parts manufacturing involves the production of various components essential for aircraft, including aircraft engines, propulsion systems, auxiliary equipment, and their respective parts. Companies engaged in aerospace parts manufacturing are involved in various activities such as manufacturing, development, sale, testing, and maintenance of airplanes. Their primary focus is on creating the necessary aerospace components required for the construction and assembly of aircraft. This industry plays a critical role in the aviation sector by ensuring the production and supply of high-quality parts that contribute to the overall performance, safety, and functionality of aircraft.
Aerospace parts manufacturing encompasses the production of key products, including engines, aerostructures, cabin interiors, equipment, systems and support, avionics, and insulation components. Engines serve as devices that convert fuel energy into mechanical energy, powering the motion of aircraft. The major applications of these aerospace components include interior and propulsion systems, catering to diverse end-users such as commercial aircraft, business aircraft, military aircraft, and other sectors. This industry plays a crucial role in providing essential components that contribute to the functionality and performance of various types of aircraft, meeting the needs of a wide range of end-users in the aviation sector.
The aerospace parts manufacturing market research report is one of a series of new reports from The Business Research Company that provides aerospace parts manufacturing market statistics, including aerospace parts manufacturing industry global market size, regional shares, competitors with a aerospace parts manufacturing market share, detailed aerospace parts manufacturing market segments, market trends and opportunities and any further data you may need to thrive in the aerospace parts manufacturing industry. This aerospace parts manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aerospace parts manufacturing market size has grown steadily in recent years. It will grow from $981.27 billion in 2024 to $1029.19 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to defense spending, commercial aviation demand, global economic conditions, outsourcing trends, regulatory compliance.
The aerospace parts manufacturing market size is expected to see strong growth in the next few years. It will grow to $1275.16 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to renewal and modernization, growing space industry, emerging market demand, supply chain resilience, environmental sustainability. Major trends in the forecast period include automation and robotics integration, electrification and hybrid propulsion systems, implementation of augmented reality (AR) and virtual reality (VR), global collaboration and outsourcing, cybersecurity measures.
Anticipated growth in passenger traffic is expected to drive the aerospace parts manufacturing market in the coming years. Passenger traffic refers to the total number of passengers using airports, including those boarding and disembarking aircraft, calculated as the number of passenger miles traveled divided by the total distance covered during a specific period. The annual increase in passenger traffic necessitates the production of more aircraft, thereby driving the demand for aerospace parts manufacturing. As an example, in August 2022, the International Air Transport Association (IATA), a Canada-based trade association representing global airlines, reported a substantial 229.5% increase in international air traffic in 2022 compared to 2021, and a total air traffic increase of 76.2% in the same period. This surge in passenger traffic is a key factor propelling growth in the aerospace parts manufacturing market.
The increasing demand for commercial aircraft is anticipated to drive the growth of the aerospace parts manufacturing market in the foreseeable future. Commercial aircraft, designed for the profitable transportation of passengers or cargo, rely significantly on aerospace parts manufacturing for the production of high-quality and durable components. These components are crucial for achieving an optimized strength-to-weight ratio, contributing to the reduction of aircraft weight and fuel costs. As highlighted by Airbus SE, a France-based provider of aeronautics, defense, and space-related services, commercial aircraft sales reached 202,184 clients in 2022, reflecting an 8% increase from 2021, with 661 deliveries. The substantial backlog of 7,239 aircraft and 1,078 gross commercial orders (820 net) further underscores the robust demand for commercial aircraft, serving as a key driver for the growth of the aerospace parts manufacturing market.
The aerospace parts manufacturing sector is witnessing a surge in the adoption of technological advancements, marking a prominent trend. Key players in this market are strategically concentrating on innovating new technological solutions to fortify their market positions. A notable instance of this drive is seen in January 2023, when Plataine Ltd., an Israeli AI-driven manufacturing optimization solutions provider, introduced the 'FabricOptimizer.' This novel AI-powered solution incorporates a nesting around defect feature, uniquely engineered to empower manufacturers in automatically selecting optimal options and material quantities. This enables the creation of highly optimized cut plans tailored for specific kits, thereby addressing supply chain and labor force challenges through comprehensive process automation. The 'FabricOptimizer' plays a pivotal role in aerospace manufacturing by significantly minimizing errors, rework, and material wastage, thereby contributing to a continuous enhancement of the overall production process.
Leading companies in the aerospace parts manufacturing market are forming strategic partnerships to advance sustainable aviation fuel (SAF) initiatives, aiming to lower carbon emissions and promote eco-friendly aviation solutions. Strategic partnerships involve companies combining their strengths and resources to achieve shared goals and mutual success. For example, in February 2024, Airbus SE, a France-based aerospace company, collaborated with TotalEnergies, a France-based petroleum company. This partnership seeks to accelerate the development and distribution of SAF, supporting the aviation sector's decarbonization objectives. The focus is on ensuring a consistent SAF supply while driving research and innovation for future aircraft designs.
In August 2022, Trelleborg Group, a renowned Sweden-based provider of engineered polymer solutions for aerospace, successfully acquired MG Silikon GmbH for an undisclosed sum. This strategic acquisition is anticipated to bolster Trelleborg's standing within the aerospace sector by combining resources with MG Silikon, particularly amplifying the production capacity for airframe seals. Moreover, this move is poised to empower Trelleborg in broadening its range of silicone-based sealing solutions for cabin interiors. MG Silikon GmbH, headquartered in Germany, specializes in manufacturing aviation components and sealing solutions tailored for both aviation and industrial applications.
Major companies operating in the aerospace parts manufacturing market include RTX Corporation, General Electric Company, Airbus SAS, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., BAE Systems plc, Safran S.A., Eaton Corporation plc, Freudenberg & Co. KG, Rolls Royce plc, Bombardier Inc., Dassault Systems SE, MTU Aero Engines AG, Spirit AeroSystems Holdings Inc., Embraer S.A., GKN Aerospace Ltd., Woodward Inc., Hexcel Corporation, Triumph Group, Panasonic Avionics Corporation, Jamco Corporation, Kellstrom Defense Aerospace Inc., Intrex Aerospace, Aequs Private Limited, CAMAR Aircraft Parts Company, Lycoming Engines, Aero Engineering & Manufacturing Co., Engineered Propulsion System Inc., Superior Air Parts Inc., Aviant Aerospace Inc.
North America was the largest region in the aerospace parts manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global aerospace parts manufacturing market report during the forecast period. The regions covered in the aerospace parts manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aerospace parts manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The aerospace parts manufacturing market includes revenues earned by rubber pad forming and hydroforming. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
1. Executive Summary
2. Aerospace Parts Manufacturing Market Characteristics
3. Aerospace Parts Manufacturing Market Trends And Strategies
4. Aerospace Parts Manufacturing Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Aerospace Parts Manufacturing Growth Analysis And Strategic Analysis Framework
- 5.1. Global Aerospace Parts Manufacturing PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Aerospace Parts Manufacturing Market Growth Rate Analysis
- 5.4. Global Aerospace Parts Manufacturing Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Aerospace Parts Manufacturing Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Aerospace Parts Manufacturing Total Addressable Market (TAM)
6. Aerospace Parts Manufacturing Market Segmentation
7. Aerospace Parts Manufacturing Market Regional And Country Analysis
8. Asia-Pacific Aerospace Parts Manufacturing Market
9. China Aerospace Parts Manufacturing Market
10. India Aerospace Parts Manufacturing Market
11. Japan Aerospace Parts Manufacturing Market
12. Australia Aerospace Parts Manufacturing Market
13. Indonesia Aerospace Parts Manufacturing Market
14. South Korea Aerospace Parts Manufacturing Market
15. Western Europe Aerospace Parts Manufacturing Market
16. UK Aerospace Parts Manufacturing Market
17. Germany Aerospace Parts Manufacturing Market
18. France Aerospace Parts Manufacturing Market
19. Italy Aerospace Parts Manufacturing Market
20. Spain Aerospace Parts Manufacturing Market
21. Eastern Europe Aerospace Parts Manufacturing Market
22. Russia Aerospace Parts Manufacturing Market
23. North America Aerospace Parts Manufacturing Market
24. USA Aerospace Parts Manufacturing Market
25. Canada Aerospace Parts Manufacturing Market
26. South America Aerospace Parts Manufacturing Market
27. Brazil Aerospace Parts Manufacturing Market
28. Middle East Aerospace Parts Manufacturing Market
29. Africa Aerospace Parts Manufacturing Market
30. Aerospace Parts Manufacturing Market Competitive Landscape And Company Profiles
31. Aerospace Parts Manufacturing Market Other Major And Innovative Companies
32. Global Aerospace Parts Manufacturing Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Aerospace Parts Manufacturing Market
34. Recent Developments In The Aerospace Parts Manufacturing Market
35. Aerospace Parts Manufacturing Market High Potential Countries, Segments and Strategies
36. Appendix
