Aerospace Parts Manufacturing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product, By Aircraft Type, By Region, Competition, 2020-2030F

Description

The Global Aerospace Parts Manufacturing Market, valued at USD 850.20 Billion in 2024, is projected to experience a CAGR of 6.72% to reach USD 1255.85 Billion by 2030. The Global Aerospace Parts Manufacturing Market encompasses the design, development, and production of specialized components and subassemblies for aircraft, spacecraft, and defense systems. This market's expansion is fundamentally driven by the escalating global demand for fuel-efficient and high-performance aircraft, alongside the continuous growth in air travel and air freight volume.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 850.20 Billion
Market Size 2030	USD 1255.85 Billion
CAGR 2025-2030	6.72%
Fastest Growing Segment	Engines Product
Largest Market	North America

Key Market Drivers

The Global Aerospace Parts Manufacturing Market is primarily propelled by increasing global air travel demand, which directly translates into higher demand for new aircraft and a subsequent surge in component production and aftermarket services. As passenger and freight volumes continue to rise, airlines expand fleets and upgrade existing aircraft, necessitating a broad range of parts from structural elements to advanced avionics.

Key Market Challenges

Persistent supply chain disruptions present a significant impediment to the growth of the Global Aerospace Parts Manufacturing Market. These disruptions directly hamper production schedules by causing delays in the delivery of essential raw materials and specialized components. According to the Aerospace Industries Association, in 2023, the sector experienced an average delay of 8.5 weeks in the delivery of critical components, underscoring the operational challenges manufacturers face in maintaining consistent output and meeting customer demand.

Key Market Trends

Additive manufacturing for production is reshaping the fabrication of complex aerospace components. This technology enables the creation of lightweight, intricate designs that are unachievable with traditional manufacturing, leading to improved fuel efficiency and reduced waste. For instance, GE Aerospace announced in March 2024 a plan to invest over $650 million in its manufacturing facilities and supply chain, with approximately $54 million allocated to its Auburn, Alabama, site for additional additive manufacturing machines to increase the production of military rotorcraft engine components, along with narrow and widebody commercial aircraft engines.

Key Market Players

Boeing
Airbus
Lockheed Martin
GE Aviation
Safran
UTC
Rolls-Royce
Northrop Grumman
Spirit AeroSystems
GKN

Report Scope:

In this report, the Global Aerospace Parts Manufacturing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Aerospace Parts Manufacturing Market, By Product:

Engines
Aircraft Manufacturing
Insulation Components Manufacturing
Cabin Interiors
Equipment
Safety & Support
Avionics

Aerospace Parts Manufacturing Market, By Aircraft Type:

Commercial Aircraft
Business Aircraft
Military Aircraft

Aerospace Parts Manufacturing Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Aerospace Parts Manufacturing Market.

Available Customizations:

Global Aerospace Parts Manufacturing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Aerospace Parts Manufacturing Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Product (Engines, Aircraft Manufacturing, Insulation Components Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics)
- 5.2.2. By Aircraft Type (Commercial Aircraft, Business Aircraft, Military Aircraft)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
5.3. Market Map

6. North America Aerospace Parts Manufacturing Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Aircraft Type
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Aerospace Parts Manufacturing Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Product
    - 6.3.1.2.2. By Aircraft Type
- 6.3.2. Canada Aerospace Parts Manufacturing Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Product
    - 6.3.2.2.2. By Aircraft Type
- 6.3.3. Mexico Aerospace Parts Manufacturing Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Product
    - 6.3.3.2.2. By Aircraft Type

7. Europe Aerospace Parts Manufacturing Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Aircraft Type
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Aerospace Parts Manufacturing Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Product
    - 7.3.1.2.2. By Aircraft Type
- 7.3.2. France Aerospace Parts Manufacturing Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Product
    - 7.3.2.2.2. By Aircraft Type
- 7.3.3. United Kingdom Aerospace Parts Manufacturing Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Product
    - 7.3.3.2.2. By Aircraft Type
- 7.3.4. Italy Aerospace Parts Manufacturing Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Product
    - 7.3.4.2.2. By Aircraft Type
- 7.3.5. Spain Aerospace Parts Manufacturing Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Product
    - 7.3.5.2.2. By Aircraft Type

8. Asia Pacific Aerospace Parts Manufacturing Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Aircraft Type
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Aerospace Parts Manufacturing Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Product
    - 8.3.1.2.2. By Aircraft Type
- 8.3.2. India Aerospace Parts Manufacturing Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Product
    - 8.3.2.2.2. By Aircraft Type
- 8.3.3. Japan Aerospace Parts Manufacturing Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Product
    - 8.3.3.2.2. By Aircraft Type
- 8.3.4. South Korea Aerospace Parts Manufacturing Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Product
    - 8.3.4.2.2. By Aircraft Type
- 8.3.5. Australia Aerospace Parts Manufacturing Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Product
    - 8.3.5.2.2. By Aircraft Type

9. Middle East & Africa Aerospace Parts Manufacturing Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Aircraft Type
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Aerospace Parts Manufacturing Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Product
    - 9.3.1.2.2. By Aircraft Type
- 9.3.2. UAE Aerospace Parts Manufacturing Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Product
    - 9.3.2.2.2. By Aircraft Type
- 9.3.3. South Africa Aerospace Parts Manufacturing Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Product
    - 9.3.3.2.2. By Aircraft Type

10. South America Aerospace Parts Manufacturing Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Aircraft Type
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Aerospace Parts Manufacturing Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Product
    - 10.3.1.2.2. By Aircraft Type
- 10.3.2. Colombia Aerospace Parts Manufacturing Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Product
    - 10.3.2.2.2. By Aircraft Type
- 10.3.3. Argentina Aerospace Parts Manufacturing Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Product
    - 10.3.3.2.2. By Aircraft Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Aerospace Parts Manufacturing Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Boeing
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Airbus
15.3. Lockheed Martin
15.4. GE Aviation
15.5. Safran
15.6. UTC
15.7. Rolls-Royce
15.8. Northrop Grumman
15.9. Spirit AeroSystems
15.10. GKN