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Global Aerospace Parts Manufacturing Industry Outlook (2025-2030)
TheGlobal Aerospace Parts Manufacturing Marketsize was valued at aroundUSD 936 billion in 2024and is projected to reachUSD 1,200 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30.
The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. The stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Years: 2020-23
- Base year: 2024
- Forecast Years: 2025-30
- Risk & Swot Analysis
- Growth parameters influence Global Aerospace Parts Manufacturing market dynamics
- Regions Covered: North America, South America, Europe, The Middle East & Africa, Asia-Pacific
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The Global Aerospace Parts Manufacturing Market is further bifurcated into:
By Product
-Engine- Market Size & Forecast 2020-2030, USD Million
-Aero structure- Market Size & Forecast 2020-2030, USD Million
-Cabin Interiors- Market Size & Forecast 2020-2030, USD Million
-Avionics- Market Size & Forecast 2020-2030, USD Million
-Insulation Components- Market Size & Forecast 2020-2030, USD Million
-Other Ancillary Equipment – Market Size & Forecast 2020-2030, USD Million
By End User
-Commercial Aircraft- Market Size & Forecast 2020-2030, USD Million
-Business Aircraft- Market Size & Forecast 2020-2030, USD Million
-Military Aircraft- Market Size & Forecast 2020-2030, USD Million
-Space Rocket- Market Size & Forecast 2020-2030, USD Million
-Others (Training Aircrafts, Satellite, etc.)- Market Size & Forecast 2020-2030, USD Million
Which prominent factor is expected to drive the Global Aerospace Parts Manufacturing Market during 2025-30?
Increasing Air Travel – The number of people traveling by plane is continuously growing, mainly in emerging countries such as India, China, Brazil, etc. For instance, the number of passengers traveling in a single day through flights in India has crossed half a million number for the first time in November 2024, and that too in the non-festive season. To meet the increasing demand for air travel and stay competitive, the airline industry has to increase the number of commercial aircraft in their service. As a result, it creates a high demand for various parts that are used in the manufacturing of aircraft such as engines, communication & navigation devices, etc.
Global Aerospace Parts Manufacturing Market Profiles that Support the Exponential Growth
This specific section of the report comprises key market players that are currently actively putting strategic measures into place to strengthen and develop their positions in this competitive industry. The competition landscape in the industry has been in-depth analyzed in the market research report. Some of the key players in the market are the ones listed below:
Boeing, Airbus, Derco, RTX, Northrop Grumman, General Electric Aerospace, Honeywell, Rolls Royce Plc, Safran, Thales Group, Collins Aerospace, L3Harris Technologies, MTU Aero Engines, Intrex Aerospace, BAE Systems, and others
Global Aerospace Parts Manufacturing Industry Recent Development:
- 2024: Lockheed Martin parent company of Derco expanded their production facility in Texas. This expansion aimed to increase the production of various reliable parts using 3D printing or additive manufacturing.
- 2024: Honeywell announced an investment of around USD 84 million for the expansion of its Kansas Aerospace Manufacturing Facility. This expansion aimed to develop its supply chain by increasing the production of next-generation avionics and printed circuit board assemblies.
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Key Questions Answered in the Research Report
- What is the predicted Global Aerospace Parts Manufacturing market size and growth rate for the years 2025-30?
- What challenges are restricting the growth of the Global Aerospace Parts Manufacturing market?
- What are the key Drivers, Trends, and opportunities defining the Global Aerospace Parts Manufacturing market size?
- Which segment accounted for the largest market share in the Global Aerospace Parts Manufacturing market?
- Which prominent companies are leading growth in the Global Aerospace Parts Manufacturing market?
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