Global Aerospace Parts Manufacturing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Engine, Aerostructure, Cabin Interiors, Equipment, System, and Support, Avionics, and Insulation Components.

By Material;

Aluminum 6061-T6, Stainless Steel, and Titanium.

By Method;

CNC Machining, Sheet Metal Fabrication, and Injection Molding.

By End-use;

Commercial Aircraf, Business Aircraft, Military Aircraft, and Other Aircraft.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn366334091 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Aerospace Parts Manufacturing Market (USD Million), 2021 - 2031

In the year 2024, the Global Aerospace Parts Manufacturing Market was valued at USD 1,043,428.08 million. The size of this market is expected to increase to USD 1,419,961.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.

The global aerospace parts manufacturing market is a crucial component of the aerospace industry, responsible for producing the essential components and systems that ensure the safety, performance, and functionality of both civilian and military aircraft. This market is characterized by a diverse range of products, including airframes, engines, landing gear, avionics, and various other specialized parts. The aerospace parts manufacturing sector supports both original equipment manufacturers (OEMs) and aftermarket services, making it a dynamic and competitive industry. As technological advancements continue to influence aircraft design and performance, aerospace parts manufacturers are under increasing pressure to innovate, ensuring the industry’s efficiency, safety, and sustainability.

In recent years, the aerospace parts manufacturing market has been driven by the increasing demand for air travel, advancements in aviation technologies, and the expansion of emerging markets. As the aviation industry evolves, manufacturers are continuously developing new materials, such as lightweight composites and advanced alloys, to improve fuel efficiency and reduce carbon emissions. Moreover, the ongoing development of electric and hybrid aircraft technologies is opening new avenues for the aerospace parts market. This growing demand for cutting-edge solutions is fueling competition among key players to stay ahead of technological trends and meet the ever-changing needs of the aerospace sector.

The global aerospace parts manufacturing market is also significantly influenced by geopolitical factors, supply chain dynamics, and regulatory frameworks. Trade agreements, government policies, and defense spending can have a profound impact on the market’s growth and direction. For instance, fluctuations in defense budgets can create opportunities or pose challenges for manufacturers catering to military and defense sectors. Furthermore, the COVID-19 pandemic has underscored the importance of resilient supply chains, as disruptions in production and logistics have affected the availability of critical aerospace components, leading to shifts in market priorities and operational strategies.

Despite these challenges, the aerospace parts manufacturing market remains poised for growth, driven by innovation, increasing demand for air travel, and evolving aircraft technologies. As the industry adapts to new regulatory requirements, environmental considerations, and market conditions, aerospace parts manufacturers will continue to play a pivotal role in shaping the future of aviation. Companies within this market are expected to focus on enhancing manufacturing processes, adopting automation and digital technologies, and establishing strategic partnerships to maintain competitiveness and ensure long-term success.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Material
    3. Market Snapshot, By Method
    4. Market Snapshot, By End-use
    5. Market Snapshot, By Region
  4. Global Aerospace Parts Manufacturing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Air Travel
        2. Technological Advancements in Aerospace Manufacturing
        3. Rising Aircraft Fleet Size and Aging Aircraft Replacement
      2. Restraints
        1. High Capital Investment and Operational Costs
        2. Stringent Regulatory and Compliance Requirements
        3. Supply Chain Disruptions and Material Shortages
      3. Opportunities
        1. Emerging Markets Growth and Infrastructure Development
        2. Increasing Demand for Lightweight and Fuel-Efficient Parts
        3. Advancements in Additive Manufacturing (3D Printing)
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aerospace Parts Manufacturing Market, By Product, 2021 - 2031 (USD Million)
      1. Engine
      2. Aerostructure
      3. Cabin Interiors
      4. Equipment, System
      5. Support, Avionics
      6. Insulation Components
    2. Global Aerospace Parts Manufacturing Market, By Material, 2021 - 2031 (USD Million)
      1. Aluminum 6061-T6
      2. Stainless Steel
      3. Titanium
    3. Global Aerospace Parts Manufacturing Market, By Method, 2021 - 2031 (USD Million)
      1. CNC Machining
      2. Sheet Metal Fabrication
      3. Injection Molding
    4. Global Aerospace Parts Manufacturing Market, By End-use, 2021 - 2031 (USD Million)
      1. Commercial Aircraf
      2. Business Aircraft
      3. Military Aircraft
      4. Other Aircraft
    5. Global Aerospace Parts Manufacturing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. JAMCO Corporation
      2. Intrex Aerospace
      3. Rolls Royce plc
      4. CAMAR Aircraft Parts Company
      5. Safran Group
      6. Woodward, Inc.
      7. Engineered Propulsion System
      8. Eaton Corporation plc
      9. Aequs
      10. Aero Engineering & Manufacturing Co.
      11. GE Aviation
      12. Lycoming Engines
      13. Pratt & Whitney
      14. Superior Air Parts Inc.
      15. MTU Aero Engines AG
      16. Honeywell International, Inc.
      17. Collins Aerospace
      18. Composite Technology Research Malaysia Sdn. Bhd.
      19. Mitsubishi Heavy Industries Ltd.
      20. Kawasaki Heavy Industries Ltd.
      21. Subaru Corporation
      22. IHI Corporation
      23. Lufthansa Technik AG
      24. Diel Aviation Holding GmbH
      25. Elektro-Metall Export GmbH
      26. Liebherr International AG
      27. Hexcel Corporation
      28. DuCommun Incorporated
      29. Rockwell Collins
      30. Spirit Aerosystems, Inc.
  7. Analyst Views
  8. Future Outlook of the Market