PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1833456
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1833456
Aircraft Aftermarket Parts Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Aircraft Aftermarket Parts Market was valued at USD 49.3 billion in 2024 and is estimated to grow at a CAGR of 8.3% to reach USD 108.8 billion by 2034.
The growth is driven by the continued expansion of aircraft fleets, growing air traffic, rising emphasis on maintenance and upgrades, and the increasing affordability and availability of aftermarket parts. As airlines operate larger and older fleets, the demand for part replacements, MRO services, and component upgrades is rising steadily. The aftermarket segment has become critical for sustaining operational efficiency, extending fleet lifespan, and ensuring safety standards. With the aviation industry focusing on cost-effective and regulatory-compliant parts, airlines are adopting advanced aftermarket solutions to minimize downtime and improve fleet readiness. Additionally, modern predictive maintenance technologies and robust servicing infrastructure are boosting the replacement cycle. The global trend of low-cost carriers and regional air travel expansion is also increasing aircraft utilization, further accelerating aftermarket part demand across commercial, cargo, and defense aviation segments.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $49.3 Billion |
| Forecast Value | $108.8 Billion |
| CAGR | 8.3% |
The rotable parts segment is projected to grow at a CAGR of 7.6% between 2025 and 2034, fueled by higher aircraft utilization rates and the aging of existing fleets. The rising need for efficient repairable components and global expansion in regional aviation markets, especially in the Asia-Pacific and Middle East, are major contributing factors. Manufacturers must innovate to improve component longevity and integrate predictive maintenance tools that help airlines anticipate part wear, optimize repairs, and manage inventory more effectively across rapidly expanding routes.
The OEM segment was valued at USD 37.9 billion in 2024. Airlines continue to prefer original equipment due to regulatory adherence, warranty assurances, and the reliability of certified parts that guarantee aircraft performance and passenger safety. To stay ahead, OEM providers are focusing on strengthening partnerships with major airlines, expanding their global service footprint, refining quality control, and embedding smart technology into components to meet evolving aviation standards and reduce operational risks.
U.S. Aircraft Aftermarket Parts Market was valued at USD 16.8 billion in 2024. Growth in the country stems from strong airline activity, a high concentration of commercial airports, expanding travel routes, and faster adoption of innovative maintenance tools and diagnostics. Manufacturers looking to tap into this demand are ramping up their product offerings, enhancing collaboration with regional carriers, and staying aligned with evolving aviation safety requirements.
Key players actively shaping the Global Aircraft Aftermarket Parts Market include Aventure International Aviation Services LLC, Parker Hannifin Corporation, GKN Aerospace, Rolls-Royce plc, TP Aerospace, Textron Aviation, Moog Inc., The Boeing Company, Bombardier Inc., HEICO Corporation, RTX Corporation, Eaton Technologies, Martin-Baker Aircraft Co. Ltd., Meggitt PLC, Safran Group, GE Aerospace, Airbus SE, AJW Group, AAR Corp., Honeywell International Inc., Houston Precision Fasteners (HPF), and Apollo Aerospace Components Ltd. Companies are expanding their global presence through partnerships with MRO service providers and airlines to ensure consistent availability of parts across key regions. Many are investing in predictive maintenance technologies to offer data-driven solutions that reduce aircraft downtime. Strategic acquisitions, warehouse automation, and global distribution network expansion are helping firms shorten delivery times and streamline supply chains.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Data mining sources
- 1.3.1 Global
- 1.3.2 Regional/Country
- 1.4 Base estimates and calculations
- 1.4.1 Base year calculation
- 1.4.2 Key trends for market estimation
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.6 Forecast model
- 1.7 Research assumptions and limitations
Chapter 2 Executive Summary
- 2.1 Industry snapshot
- 2.2 Key market trends
- 2.2.1 Part type trends
- 2.2.2 Supply source trends
- 2.2.3 Platform trends
- 2.2.4 End use trends
- 2.2.5 Regional
- 2.3 TAM Analysis, 2025-2034 (USD Billion)
- 2.4 CXO perspectives: Strategic imperatives
- 2.4.1 Executive decision points
- 2.4.2 critical success factors
- 2.5 Future outlook and strategic recommendations
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Supplier Landscape
- 3.1.2 Profit Margin
- 3.1.3 Cost structure
- 3.1.4 Value addition at each stage
- 3.1.5 Factor affecting the value chain
- 3.1.6 Disruptions
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing aircraft fleet size
- 3.2.1.2 Increased demand for air travel
- 3.2.1.3 Increased technology in aircrafts
- 3.2.1.4 Focus on maintenance, repair, and overhaul (MRO)
- 3.2.1.5 Affordability of aftermarket parts
- 3.2.2 Industry pitfalls and challenges
- 3.2.2.1 Risks of counterfeit and low-quality parts
- 3.2.2.2 Complex regulatory compliance
- 3.2.3 Market opportunities
- 3.2.3.1 Rapid growth of the Asia-Pacific aviation sector
- 3.2.3.2 Implementation of advanced manufacturing technologies
- 3.2.3.3 Increase in airlines outsourcing MRO
- 3.2.3.4 Growth of regional and business aircraft fleets
- 3.2.1 Growth drivers
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Latin America
- 3.4.5 Middle East & Africa
- 3.5 Porter’s analysis
- 3.6 PESTEL analysis
- 3.7 Technology and innovation landscape
- 3.7.1 Current technological trends
- 3.7.2 Emerging technologies
- 3.8 Price trends
- 3.8.1 By region
- 3.8.2 By product
- 3.9 Pricing strategies
- 3.10 Emerging business models
- 3.11 Compliance requirements
- 3.12 Defense Budget Analysis
- 3.13 Global Defense Spending Trends
- 3.14 Regional Defense Budget Allocation
- 3.14.1 North America
- 3.14.2 Europe
- 3.14.3 Asia Pacific
- 3.14.4 Middle East and Africa
- 3.14.5 Latin America
- 3.15 Key Defense Modernization Programs
- 3.16 Budget Forecast (2025-2034)
- 3.16.1 Impact on Industry Growth
- 3.16.2 Defense Budgets by Country
- 3.17 Supply Chain Resilience
- 3.18 Geopolitical Analysis
- 3.19 Workforce Analysis
- 3.20 Digital Transformation
- 3.21 Mergers, Acquisitions, and Strategic Partnerships Landscape
- 3.22 Risk Assessment and Management
- 3.23 Major Contract Awards (2021-2024)
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.2.1 By region
- 4.2.1.1 North America
- 4.2.1.2 Europe
- 4.2.1.3 Asia Pacific
- 4.2.1.4 Latin America
- 4.2.1.5 Middle East & Africa
- 4.2.2 Market Concentration Analysis
- 4.2.1 By region
- 4.3 Competitive benchmarking of key players
- 4.3.1 Financial performance comparison
- 4.3.1.1 Revenue
- 4.3.1.2 Profit margin
- 4.3.1.3 R&D
- 4.3.2 Product portfolio comparison
- 4.3.2.1 Product range breadth
- 4.3.2.2 Technology
- 4.3.2.3 Innovation
- 4.3.3 Geographic presence comparison
- 4.3.3.1 Global footprint analysis
- 4.3.3.2 Service network coverage
- 4.3.3.3 Market penetration by region
- 4.3.4 Competitive positioning matrix
- 4.3.4.1 Leaders
- 4.3.4.2 Challengers
- 4.3.4.3 Followers
- 4.3.4.4 Niche players
- 4.3.5 Strategic outlook matrix
- 4.3.1 Financial performance comparison
- 4.4 Key developments, 2021-2024
- 4.4.1 Mergers and acquisitions
- 4.4.2 Partnerships and collaborations
- 4.4.3 Technological advancements
- 4.4.4 Expansion and investment strategies
- 4.4.5 Digital transformation initiatives
- 4.5 Emerging/ startup competitors landscape
Chapter 5 Market Estimates and Forecast, By Part Type, 2021 - 2034 (USD Billion)
- 5.1 Key trends
- 5.2 Rotable Parts
- 5.2.1 Avionics systems and modules
- 5.2.2 Landing gear assemblies
- 5.2.3 Wheels and brakes
- 5.2.4 Others
- 5.3 Repairable Parts
- 5.3.1 Engine blades and hot section components
- 5.3.2 Hydraulic actuators & pumps
- 5.3.3 Heat exchangers
- 5.3.4 Electrical generators and starters
- 5.3.5 Others
- 5.4 Consumables and Expendables
- 5.4.1 Filters
- 5.4.2 Fasteners and rivets
- 5.4.3 Seals and gaskets
- 5.4.4 O-rings
- 5.4.5 Others
- 5.5 Modifications and Retrofit Kits
- 5.5.1 Avionics upgrades (ADS-B, SATCOM)
- 5.5.2 Cabin interior refurbishment kits
- 5.5.3 Winglet retrofit kits
- 5.5.4 In-flight entertainment & connectivity systems
- 5.5.5 Others
Chapter 6 Market Estimates and Forecast, By Supply Source, 2021 - 2034 (USD Billion)
- 6.1 Key trends
- 6.2 OEM (original equipment manufacturer) parts
- 6.3 USM (used serviceable material)
- 6.4 PMA (parts manufacturer approval) parts
Chapter 7 Market Estimates and Forecast, By Platform, 2021 - 2034 (USD Billion)
- 7.1 Key trends
- 7.2 Commercial
- 7.2.1 Narrow body
- 7.2.2 Wide body
- 7.2.3 Cargo aircraft
- 7.2.4 Civil helicopters
- 7.2.5 Regional jets
- 7.3 Military
- 7.3.1 Fighters
- 7.3.2 Transport aircraft
- 7.3.3 Military helicopters
- 7.4 Business Jets
Chapter 8 Market Estimates and Forecast, By End Use, 2021 - 2034 (USD Billion)
- 8.1 Key trends
- 8.2 Airlines
- 8.3 Maintenance, repair, and overhaul (MRO) providers
- 8.4 Original equipment manufacturers (OEMs)
- 8.5 Military and defense organizations
- 8.6 Others
Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2034 (USD Billion)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Netherlands
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 Middle East and Africa
- 9.6.1 Saudi Arabia
- 9.6.2 South Africa
- 9.6.3 UAE
Chapter 10 Company Profiles
- 10.1 Global Key Players
- 10.1.1 Honeywell International Inc.
- 10.1.2 GE Aerospace
- 10.1.3 Rolls-Royce plc
- 10.1.4 The Boeing Company
- 10.1.5 Airbus SE
- 10.2 Regional key players
- 10.2.1 North America
- 10.2.1.1 AAR Corp.
- 10.2.1.2 Bombardier Inc.
- 10.2.1.3 HEICO Corporation
- 10.2.1.4 Moog Inc.
- 10.2.1.5 Parker Hannifin Corporation
- 10.2.1.6 RTX Corporation
- 10.2.1.7 Textron Aviation
- 10.2.2 Asia Pacific
- 10.2.2.1 Aventure International Aviation Services LLC
- 10.2.3 Europe
- 10.2.3.1 AJW Group
- 10.2.3.2 Apollo Aerospace Components Ltd.
- 10.2.3.3 GKN Aerospace
- 10.2.3.4 Martin-Baker Aircraft Co. Ltd.
- 10.2.3.5 Meggitt PLC
- 10.2.3.6 Safran Group
- 10.2.3.7 TP Aerospace
- 10.2.3.8 Eaton Technologies
- 10.2.1 North America
- 10.3 Niche Players/Distributors
- 10.3.1 Houston Precision Fasteners (HPF)
