The global market for Aerospace Parts Manufacturing was valued at US$766.5 Billion in 2024 and is projected to reach US$1.1 Trillion by 2030, growing at a CAGR of 5.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The aerospace parts manufacturing industry is characterized by continuous innovation and the adoption of advanced technologies. Additive manufacturing (3D printing) is revolutionizing the production of aerospace parts by enabling the creation of complex and lightweight components with reduced lead times and material waste. Automation and robotics are being increasingly integrated into manufacturing processes to enhance precision, efficiency, and consistency. The use of advanced materials, such as composites and high-strength alloys, is also prevalent in the industry to improve the performance and durability of aerospace components. Additionally, digital technologies, including computer-aided design (CAD) and computer-aided manufacturing (CAM), are essential tools in the design and production of aerospace parts.
The growth in the aerospace parts manufacturing market is driven by several factors. Firstly, the increasing production rates of commercial aircraft, driven by the growing demand for air travel, are a major driver. Secondly, advancements in manufacturing technologies, such as additive manufacturing and automation, are enhancing production capabilities and efficiency. Thirdly, the rising demand for lightweight and high-performance materials is leading to the adoption of advanced materials in aerospace parts manufacturing. Additionally, the expansion of the defense sector and the development of new military aircraft and systems are boosting the demand for aerospace components. Furthermore, the increasing investments in space exploration and satellite deployment are contributing to the growth of the aerospace parts manufacturing market. Lastly, the focus on maintenance, repair, and overhaul (MRO) services to ensure the longevity and reliability of aircraft is further driving the demand for high-quality aerospace parts.
Global Aerospace Parts Manufacturing Market - Key Trends & Drivers Summarized
Aerospace parts manufacturing is a critical segment of the aerospace industry, encompassing the production of components and systems used in commercial aircrafts, business aircrafts, military aircrafts, and in space applications. This includes the manufacturing of engines, airframes, avionics, aerostructures, landing gear, and other essential parts. The industry relies on advanced manufacturing processes and technologies to produce high-precision and high-quality components that meet stringent safety and performance standards. Aerospace parts manufacturers play a vital role in supporting the production and maintenance of aircraft and spacecraft, ensuring their reliability and efficiency throughout their operational lifespan.The aerospace parts manufacturing industry is characterized by continuous innovation and the adoption of advanced technologies. Additive manufacturing (3D printing) is revolutionizing the production of aerospace parts by enabling the creation of complex and lightweight components with reduced lead times and material waste. Automation and robotics are being increasingly integrated into manufacturing processes to enhance precision, efficiency, and consistency. The use of advanced materials, such as composites and high-strength alloys, is also prevalent in the industry to improve the performance and durability of aerospace components. Additionally, digital technologies, including computer-aided design (CAD) and computer-aided manufacturing (CAM), are essential tools in the design and production of aerospace parts.
The growth in the aerospace parts manufacturing market is driven by several factors. Firstly, the increasing production rates of commercial aircraft, driven by the growing demand for air travel, are a major driver. Secondly, advancements in manufacturing technologies, such as additive manufacturing and automation, are enhancing production capabilities and efficiency. Thirdly, the rising demand for lightweight and high-performance materials is leading to the adoption of advanced materials in aerospace parts manufacturing. Additionally, the expansion of the defense sector and the development of new military aircraft and systems are boosting the demand for aerospace components. Furthermore, the increasing investments in space exploration and satellite deployment are contributing to the growth of the aerospace parts manufacturing market. Lastly, the focus on maintenance, repair, and overhaul (MRO) services to ensure the longevity and reliability of aircraft is further driving the demand for high-quality aerospace parts.
Scope of the Study
The report analyzes the Aerospace Parts Manufacturing market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Aerostructures; Engines; Avionics; Cabin Interiors; Equipment, System & Support; Insulation Components); End-Use (Commercial Aircraft, Military Aircraft, Business Aircraft, Other End-Uses).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Aerostructures segment, which is expected to reach US$501.9 Billion by 2030 with a CAGR of a 5.1%. The Engines segment is also set to grow at 5.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $231.5 Billion in 2024, and China, forecasted to grow at an impressive 7.6% CAGR to reach $146.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3M Company, Aerosonic Corporation, Aircraft Spruce and Specialty Company, ACRO Aircraft Seating Ltd., AeroControlex Group and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Aerospace Parts Manufacturing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Aerospace Parts Manufacturing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Aerospace Parts Manufacturing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 91 major companies featured in this Aerospace Parts Manufacturing market report include:
- 3M Company
- Aerosonic Corporation
- Aircraft Spruce and Specialty Company
- ACRO Aircraft Seating Ltd.
- AeroControlex Group
- Aerosila
- Adient Aerospace LLC
- Aeroaid Ltd.
- ABC International
- Aircraft Cabin Modification GmbH
- Aequs Pvt. Ltd.
- Aircraft Lighting International
- Adams Rite Aerospace, Inc.
- Advent Aircraft Systems, Inc.
- Airbus Sas
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADACHINAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Company
- Aerosonic Corporation
- Aircraft Spruce and Specialty Company
- ACRO Aircraft Seating Ltd.
- AeroControlex Group
- Aerosila
- Adient Aerospace LLC
- Aeroaid Ltd.
- ABC International
- Aircraft Cabin Modification GmbH
- Aequs Pvt. Ltd.
- Aircraft Lighting International
- Adams Rite Aerospace, Inc.
- Advent Aircraft Systems, Inc.
- Airbus Sas
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 579 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 766.5 Billion |
| Forecasted Market Value ( USD | $ 1100 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
