PUBLISHER: Grand View Research | PRODUCT CODE: 1790095
PUBLISHER: Grand View Research | PRODUCT CODE: 1790095
Aerospace Fasteners Market Summary
The global aerospace fasteners market size was estimated at USD 7.28 billion in 2024 and is projected to reach USD 13.61 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. The market is witnessing significant growth due to the steady rise in commercial air travel, defense modernization programs, and the expansion of space exploration initiatives.
With increasing global passenger traffic and cargo movement, aircraft manufacturers are ramping up production to meet rising demand. This, in turn, is fueling the need for advanced, reliable, and lightweight fasteners that can withstand extreme environmental and mechanical stress in both commercial and military aircraft.
Key drivers of the market include a surge in aircraft fleet expansion, heightened demand for fuel-efficient aircraft, and the increasing use of composite materials in airframes and interiors. Fasteners are crucial for joining components in lightweight composite structures, which are replacing traditional metal counterparts to reduce overall aircraft weight and enhance fuel efficiency. Moreover, the growing demand for maintenance, repair, and overhaul (MRO) services globally is also boosting fastener replacement cycles, further driving market growth.
Innovations and trends shaping the aerospace fasteners market include the adoption of titanium and other advanced alloy fasteners for weight reduction and corrosion resistance, as well as the development of smart fasteners with embedded sensors for structural health monitoring. Additive manufacturing (3D printing) is also gaining traction for prototyping and low-volume production of customized fasteners. Additionally, automation in assembly lines, environmental regulations pushing for sustainable manufacturing practices, and the increasing use of digital supply chain systems are transforming the production and application of aerospace fasteners.
Global Aerospace Fasteners Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the aerospace fasteners market on the basis of aircraft type, product, and region: