Global Aerospace Parts Manufacturing Market 2024-2028
The aerospace parts manufacturing market is forecasted to grow by USD 190.69 bn during 2023-2028, accelerating at a CAGR of 4.19% during the forecast period. The report on the aerospace parts manufacturing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rise in demand for new commercial and defense aircraft, the growing space exploration and satellite industry, and the growth of the MRO industry.
Technavio's aerospace parts manufacturing market is segmented as below:
By Product
- Aerostructure
- Engine
- Avionics
- Others
By Aircraft Type
- Commercial
- Business
- Military
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the rapid technological advancements in aerospace parts manufacturing as one of the prime reasons driving the aerospace parts manufacturing market growth during the next few years. Also, growing interest in electric and hybrid propulsion systems and globalization of supply chains of aerospace parts will lead to sizable demand in the market.
The report on the aerospace parts manufacturing market covers the following areas:
- Aerospace parts manufacturing market sizing
- Aerospace parts manufacturing market forecast
- Aerospace parts manufacturing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aerospace parts manufacturing market vendors that include AEFP Group, Aequs Pvt. Ltd., Camar Aircraft Parts Co., CTRM Sdn. Bhd., DAHER, Diehl Stiftung and Co. KG, Ducommun Inc., Eaton Corp. Plc, General Electric Co., Groupe Industriel Marcel Dassault, Honeywell International Inc., IHI Corp., JAMCO Corp., Kawasaki Heavy Industries Ltd., Liebherr International Deutschland GmbH, Mitsubishi Heavy Industries Ltd., Rolls Royce Holdings Plc, Safran SA, Thales Group, Transdigm Group Inc., and W. L. Gore and Associates Inc.. Also, the aerospace parts manufacturing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.