Aerospace Parts Manufacturing Market: By Product, By End User and Geography
Aerospace Parts Manufacturing Market: By Product, By End User and Geography
Aerospace Parts Manufacturing Market size is valued at US$ 882.3 billion in 2022 and is expected to reach a value of US$ 1,157.9 billion by 2028, growing at a significant CAGR of 3.96% from 2023-2029. The global market provides a detailed overview and that can be segmented by product and end-user. By product, the aerospace parts manufacturing market has been segmented into engines, aerostructure, cabin interiors, equipment, system, support, avionics, and insulation components. The cabin interiors segment is likely to be the largest and fastest-growing segment in terms of product. Based on end user, the aerospace parts manufacturing market is segmented into commercial aircraft, business aircraft, military aircraft, and others.Among these, the business aircraft segment is expected to have the fastest-growing market during the forecast period 2022-2028.
Study Period
2024-2030Base Year
2023CAGR
3.96%Largest Market
North AmericaFastest Growing Market
Europe
Most aircraft manufacturers are involved in the parts production process and are integrated across the value chain. For the acquisition of these parts, these companies have in-house production facilities as well as supplier arrangements. The manufacturers are also involved in the acquisition of raw materials, as well as the design and quality control of parts provided by third-party suppliers.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. owing to the region's significant growth in the aviation industry and the maintenance, repair, and overhaul (MRO) sector. This is likely to have a beneficial impact on the growth of the regional market. Europe is likely to hold a considerable market share during the estimated period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 882.3 billion |
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Market Size in 2028 |
US$ 1,157.9 billion |
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Market CAGR |
3.96% |
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By Product Type |
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By End User |
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By Region |
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The aerospace parts manufacturing market size was valued at US$ 882.3 billion in 2022.
The aerospace parts manufacturing market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The aerospace parts manufacturing market key players are Aequs, Aero Engineering & Manufacturing Co, CAMAR Aircraft Parts Company, Eaton Corporation plc, Engineered Propulsion System, GE Aviation, Intrex Aerospace, JAMCO Corporation, Rolls Royce PLC, Safran Group, Woodward Inc
| 1.Executive Summary |
| 2.Global Aerospace Parts Manufacturing Market Introduction |
| 2.1.Global Aerospace Parts Manufacturing Market - Taxonomy |
| 2.2.Global Aerospace Parts Manufacturing Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Aerospace Parts Manufacturing Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Aerospace Parts Manufacturing Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Aerospace Parts Manufacturing Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Engines |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Aerostructure |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Cabin Interiors |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Equipment, System, and Support |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Avionics |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Insulation Components |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Aerospace Parts Manufacturing Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Commercial Aircraft |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Business Aircraft |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Military Aircraft |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Aerospace Parts Manufacturing Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Aerospace Parts Manufacturing Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Engines |
| 8.1.2.Aerostructure |
| 8.1.3.Cabin Interiors |
| 8.1.4.Equipment, System, and Support |
| 8.1.5.Avionics |
| 8.1.6.Insulation Components |
| 8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Commercial Aircraft |
| 8.2.2.Business Aircraft |
| 8.2.3.Military Aircraft |
| 8.2.4.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Aerospace Parts Manufacturing Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Engines |
| 9.1.2.Aerostructure |
| 9.1.3.Cabin Interiors |
| 9.1.4.Equipment, System, and Support |
| 9.1.5.Avionics |
| 9.1.6.Insulation Components |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Commercial Aircraft |
| 9.2.2.Business Aircraft |
| 9.2.3.Military Aircraft |
| 9.2.4.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Aerospace Parts Manufacturing Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Engines |
| 10.1.2.Aerostructure |
| 10.1.3.Cabin Interiors |
| 10.1.4.Equipment, System, and Support |
| 10.1.5.Avionics |
| 10.1.6.Insulation Components |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Commercial Aircraft |
| 10.2.2.Business Aircraft |
| 10.2.3.Military Aircraft |
| 10.2.4.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Aerospace Parts Manufacturing Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Engines |
| 11.1.2.Aerostructure |
| 11.1.3.Cabin Interiors |
| 11.1.4.Equipment, System, and Support |
| 11.1.5.Avionics |
| 11.1.6.Insulation Components |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Commercial Aircraft |
| 11.2.2.Business Aircraft |
| 11.2.3.Military Aircraft |
| 11.2.4.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Aerospace Parts Manufacturing Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Engines |
| 12.1.2.Aerostructure |
| 12.1.3.Cabin Interiors |
| 12.1.4.Equipment, System, and Support |
| 12.1.5.Avionics |
| 12.1.6.Insulation Components |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Commercial Aircraft |
| 12.2.2.Business Aircraft |
| 12.2.3.Military Aircraft |
| 12.2.4.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Aequs |
| 13.2.2.Aero Engineering & Manufacturing Co. |
| 13.2.3.CAMAR Aircraft Parts Company |
| 13.2.4.Eaton Corporation plc |
| 13.2.5.Engineered Propulsion System |
| 13.2.6.GE Aviation |
| 13.2.7.Intrex Aerospace |
| 13.2.8.JAMCO Corporation |
| 13.2.9.Rolls Royce PLC |
| 13.2.10.Safran Group |
| 13.2.11.Woodward, Inc. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
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