Global Aerospace Parts Manufacturing Market Research Report: Forecast (2025-2030)

Market Definition

Aerospace parts manufacturing is the process of making various parts and components for airplanes and other aerospace vehicles. These parts include everything from engines, and body structure to smaller components such as buttons, bolts, etc.

Market Insights & Analysis: Global Aerospace Parts Manufacturing Market (2025-30):

The Global Aerospace Parts Manufacturing Market size was valued at around USD 936 billion in 2024 and is projected to reach USD 1,200 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. The main reason behind this growth is the increasing number of new planes. As new planes are manufactured, they also create a high demand for various parts that are to be used in them. For instance, Airbus delivered 61 commercial jets in April 2024 whereas this number was 54 in the same month of 2023.

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Moreover, various countries are continuously investing in making their air defense stronger. This increases the demand for fighter jets as they are required by countries to make themselves strong or to supply to other countries. For instance, in 2024, Israel signed a deal with Boeing in which Boeing will provide 25 F-15 fighter jets to Israel for about USD 5.2 billion. As a result, the aerospace parts manufacturers get an opportunity to supply various required components and help such companies meet the production demand. For instance, in 2024, France ordered 42 fighter jets from Dassault Aviation through a deal worth more than USD 5.5 billion. Thales, Safran, and MBDA will supply parts for this project. More such deals are expected to be done in coming years thus projected to increase the demand for aerospace parts as well.

Furthermore, the demand from numerous government and private agencies to release their payloads which include satellites into space is increasing to enhance their offerings and operations which include climate forecasting, navigation, conversation, and so on. As a result, the demand for parts used in various launch vehicles and satellites which include sensors, engines, aerostructure, and so on., also increases. For instance, in 2024, SpaceX was given an agreement worth nearly USD 733 million from the United States military to release their nine satellites in LEO to improve their conversation services. Therefore, the high demand for new planes, fighter jets, satellites, and space crafts from various agencies has extended the demand for aerospace components in past years and this demand is anticipated to remain high during the forecast period as well.

Global Aerospace Parts Manufacturing Market Driver:

Increasing Air Travel – The number of people traveling by plane is continuously growing, mainly in emerging countries such as India, China, Brazil, etc. For instance, the number of passengers traveling in a single day through flights in India has crossed half a million number for the first time in November 2024, and that too in the non-festive season. To meet the increasing demand for air travel and stay competitive, the airline industry has to increase the number of commercial aircraft in their service. As a result, it creates a high demand for various parts that are used in the manufacturing of aircraft such as engines, communication & navigation devices, etc. For instance;

• SpiceJet will add 10 new commercial planes to its service by the end of 2024.

Moreover, increasing air travel correlates to the high flying time of planes, as a result, the need for regular aircraft checkups and repairs also increases which further increases the demand for aircraft parts. Therefore, due to the increasing air travel, the demand for plane parts has increased over time, and this trend is expected to continue in the coming years as well.

 Global Aerospace Parts Manufacturing Market Opportunity:

Increasing Focus on Sustainability – The focus of various airlines is increasing towards reducing the spread of carbon in the environment and meeting the sustainability rules set by the government. As a result, aircraft manufacturers are inclining towards lightweight parts to reduce the overall weight of aircraft. As a result, the quantity of fuel used by aircraft decreases hence the carbon emissions. This provides an opportunity for aerospace parts manufacturers to help airlines meet this demand by manufacturing various components with lighter and more durable metals such as carbon fiber. They can also use 3D printing techniques to make parts as they do not require any bolts to assemble, thus making the parts lighter. Therefore, manufacturing parts that can reduce the fuel consumption of aircraft can provide a lucrative growth opportunity by reducing the emissions in the environment.

Global Aerospace Parts Manufacturing Market Challenge:

Fluctuating Raw Material Prices – The aerospace parts are made up of elements that can stand strong against extreme conditions such as high pressure, temperature variations, stress, etc. As these parts are imported from other countries, their price can fluctuate due to various reasons such as differences in production and supply rates, cost of production, natural disasters, wars, etc. As a result, the inventories of various aerospace parts manufacturers will be affected, thus limiting their production. It also makes it difficult for them to maintain competitive prices. For instance, in 2022, the US removed the import taxes of steel from Ukraine after Russia’s attack. This resulted in a decrease in steel prices for a while but they increased again due to the critical war situation and the stoppage of exports from Ukraine. Therefore, the fluctuating prices of raw materials can limit market growth by affecting inventories and prices.

Global Aerospace Parts Manufacturing Market Trend:

3D Printed Aircraft Parts Gaining Traction – Various market leaders are using 3D printing techniques to manufacture various parts of aircraft such as seats, air ducts, wings, turbines, etc., that are around 55% lighter than metal parts. This helps in reducing the overall weight of the aircraft and hence reducing the fuel consumption of the aircraft. Also, these parts require less investment as compared to metal parts. For instance, Boeing announced to start testing its Apache attack helicopter having a fully 3D printed main rotor system in 2024.

Moreover, the lighter parts further support reducing carbon emissions into the environment and hence meet the sustainability goals. For instance, a reduction of every one-kilogram weight of an aircraft leads to a reduction of 25 tons of carbon dioxide emitted by it in its entire lifetime. Therefore, due to less cost & weight and the environment-friendly nature of 3D printed parts, they are in trend.

Global Aerospace Parts Manufacturing Market (2025-30): Segmentation Analysis

The Global Aerospace Parts Manufacturing Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–30 at the global level. Based on the analysis, the market has been further classified as:

Based on Product:

• Engine
• Aero Structure
• Cabin Interiors
• Avionics
• Insulation Components
• Other Ancillary Equipment

Based on the product, the engine segment holds the largest share of aerospace parts around 38%. This is because the engine is the most expensive part of an aircraft. For instance, the cost of a jet engine used in Boeing 777 and Airbus A380 is around USD 25 million to USD 45 million, depending upon technology and performance.

Moreover, the engine is the part that requires most frequent maintenance and repairs. They are checked almost after every landing. Various parts such as blades, turbines, bolts, etc., are changed frequently to ensure the effective functioning of the jet engine. Therefore, to highest cost share of engines in an aircraft and their requirement for most frequent repairs, make them the largest revenue generation segment for aerospace parts manufacturers.

Based on End User:

• Commercial Aircraft
• Business Aircraft
• Military Aircraft
• Space Rocket
• Others

Based on end user, commercial aircraft holds the largest market share around 51%. This is due to the increasing number of flight travelers worldwide. For instance, around 8.5 billion passengers were recorded in 2023. This inclines airline companies towards increasing the number of planes in service. As a result, the production of new aircraft also increases which further increases the demand for parts to be used in them. Additionally, as the flying hours of planes also increase, there is a high demand for regular repairs and maintenance which further increases the demand for aerospace parts.

Moreover, the increasing air cargo transports further increases the demand for aerospace parts for commercial aircraft. For instance,

• As per IATA data 2024, air cargo services have experienced double-digit year-on-year growth with more than 17% in the Asia-Pacific region.

Therefore, due to the increasing use of commercial planes, they create a high demand for parts to manufacture new planes and repair the existing ones and this dominance is expected to continue in the coming years as well.

Global Aerospace Parts Manufacturing Market (2025-30): Regional Projections

Geographically, the Global Aerospace Parts Manufacturing Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Regionally, North America holds the major share of the market around 41%. This is because various leading aircraft manufacturers are present in this region. As a result, there is a high demand for aircraft parts from these companies. Additionally, the countries in this region have the highest number of passengers traveling through the flights which increases the number of airplanes in service. As a result, there is a high demand for aerospace parts in this region to ensure regular service and maintenance. For instance,

• In 2024, as per a report by the Air Traffic Organization of the US, each day they provide service to more than 45,000 flights that contain around 2.9 million passengers.

Moreover, the US is known for its strong defense due to which large budgets are released to manufacture more fighter jets for self-use or to export to other countries. This further increases the demand for aerospace parts. Therefore, as a very high number of aircraft are manufactured in this region fueled by increasing air travel, North America leads the aerospace parts manufacturing industry and this trend is expected to continue in the future as well.

Global Aerospace Parts Manufacturing Industry Recent Development:

• 2024: Lockheed Martin parent company of Derco expanded their production facility in Texas. This expansion aimed to increase the production of various reliable parts using 3D printing or additive manufacturing.
• 2024: Honeywell announced an investment of around USD 84 million for the expansion of its Kansas Aerospace Manufacturing Facility. This expansion aimed to develop its supply chain by increasing the production of next-generation avionics and printed circuit board assemblies.

Gain a Competitive Edge with Our Global Aerospace Parts Manufacturing Market Report

1. Global Aerospace Parts Manufacturing Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Aerospace Parts Manufacturing Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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