Aerospace Parts Manufacturing

Global Aerospace Parts Manufacturing Market to Reach US$1.1 Trillion by 2030

The global market for Aerospace Parts Manufacturing estimated at US$766.5 Billion in the year 2024, is expected to reach US$1.1 Trillion by 2030, growing at a CAGR of 5.6% over the analysis period 2024-2030. Aerostructures, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$501.9 Billion by the end of the analysis period. Growth in the Engines segment is estimated at 5.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$231.5 Billion While China is Forecast to Grow at 7.6% CAGR

The Aerospace Parts Manufacturing market in the U.S. is estimated at US$231.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$146.1 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

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 STUDY:

The report analyzes the Aerospace Parts Manufacturing market in terms of units by the following Segments, and Geographic Regions/Countries:

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.

Select Competitors (Total 91 Featured) -

• 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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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