Overview of the Global Aerospace Parts Manufacturing Industry:
The Global Aerospace Parts Manufacturing Market is projected to experience substantial growth between 2025 and 2030, driven by digital transformation, innovation in service delivery, and expanding demand. The Global Aerospace Parts Manufacturing Market size was valued at around USD 936 billion in 2024 and is projected to reach USD 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. This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.
Market Size & Forecast (2025–2030)
- Base Year: 2024
- Forecast Period: 2025–2030
- CAGR (2025-30) : 4%
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Global Aerospace Parts Manufacturing Market Opportunity:
Increasing Focus on Sustainability – The focus of various airlines is increasing towards reducing the spread of carbon in the environment and meeting the sustainability rules set by the government. As a result, aircraft manufacturers are inclining towards lightweight parts to reduce the overall weight of aircraft. As a result, the quantity of fuel used by aircraft decreases hence the carbon emissions. This provides an opportunity for aerospace parts manufacturers to help airlines meet this demand by manufacturing various components with lighter and more durable metals such as carbon fiber. They can also use 3D printing techniques to make parts as they do not require any bolts to assemble, thus making the parts lighter. Therefore, manufacturing parts that can reduce the fuel consumption of aircraft can provide a lucrative growth opportunity by reducing the emissions in the environment.
Top Companies in the Aerospace Parts Manufacturing Market
Here’s a snapshot of key players leading innovation and market share:
- 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
- Others
Includes SWOT analysis, revenue trends, partnerships, and product launches.
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Aerospace Parts Manufacturing Market Segmentation Analysis
-By Product
- Engine
- Aero Structure
- Cabin Interiors
- Avionics
- Insulation Components
- Other Ancillary Equipment
Based on the product, the engine segment holds the largest share of aerospace parts around 38%.
-By End User
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
- Space Rocket
- Others
Based on end user, commercial aircraft holds the largest market share around 51%. This is due to the increasing number of flight travelers worldwide.
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Regionally, North America holds the major share of the market around 41%. This is because various leading aircraft manufacturers are present in this region.
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Methodology Behind the Report
This research combines qualitative and quantitative methods, including:
- Expert interviews
- Proprietary forecasting models
- Financial and trade databases
- Government and institutional data
Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.
Frequently Asked Questions About the Aerospace Parts Manufacturing Market
- What is the growth rate of the Aerospace Parts Manufacturing market from 2025–2030?
- Which segment are expected to dominate market?
- Who are the top companies and what strategies being they using?
- What are the key risks and challenges in this industry?
- How can businesses prepare for future trends?
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