Global Aerospace Parts Manufacturing Market Size & Outlook
The global aerospace parts manufacturing market size was estimated at USD 931,489.4 million in 2023 and is projected to reach USD 1,233,241.4 million by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$931,489.4
Forecast, 2030 (US$M)
$1,233,241.4
CAGR, 2024 - 2030
4.2%
Report Coverage
Worldwide
Global aerospace parts manufacturing market, 2018-2030 (US$M)
Related Markets
Global aerospace parts manufacturing market highlights
- The global aerospace parts manufacturing market generated a revenue of USD 931,489.4 million in 2023 and is expected to reach USD 1,233,241.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, aircrafts manufacturing accounted for a revenue of USD 490,902.3 million in 2023.
- Equipment, Safety & Support is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Philippines is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 931,489.4 million |
| Market revenue in 2030 | USD 1,233,241.4 million |
| Growth rate | 4.2% (CAGR from 2024 to 2030) |
| Largest segment | Aircrafts manufacturing |
| Fastest growing segment | Equipment, Safety & Support |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Aircrafts Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components |
Other key industry trends
- In terms of revenue, the North America accounted for 49.6% of the global aerospace parts manufacturing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Philippines is the fastest growing regional market and is projected to reach USD 3,874.7 million by 2030.
Aircrafts manufacturing was the largest segment with a revenue share of 52.7% in 2023. Horizon Databook has segmented the Global aerospace parts manufacturing market based on engine, aircrafts manufacturing, cabin interiors, equipment, safety & support, avionics, insulation components covering the revenue growth of each sub-segment from 2018 to 2030.
Aviation is carbon intensive and one of the fastest growing sectors in terms of greenhouse emissions. Increasing demand for air transportation and decreasing marginal fuel efficiency are likely to put pressure on aerospace industry to reduce the greenhouse emissions.
Taxes imposed by European Union Emissions Trading System depend upon various factors including unit carbon emissions per aircraft, aviation emission allowances per airline, and carbon trading prices, which may lead to increased transportation costs for airlines. The possibility of hefty taxes is anticipated to encourage the airlines to replace their aging aircraft with new generation fuel-efficient aircraft.
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Aerospace Parts Manufacturing Market Scope
Aerospace parts manufacturing market segmentation & scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Magellan Aerospace Corp | View profile | 3850 | 3160 Derry Road East, Mississauga, ON, Canada, L4T 1A9 | https://www.magellan.aero |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | https://www.spiritaero.com |
| Subaru Corp | View profile | 45605 | Ebisu Subaru Building, 1-20-8, Ebisu, Shibuya-ku, Tokyo, Japan, 150-8554 | https://www.subaru.co.jp |
| Martinrea International Inc | View profile | 19000 | 3210 Langstaff Road, Vaughan, ON, Canada, L4K 5B2 | https://www.martinrea.com |
| Woodward Inc | View profile | 8300 | 1081 Woodward Way, Fort Collins, CO, United States, 80524 | https://www.woodward.com |
| Curtiss-Wright Corp | View profile | 8600 | 130 Harbour Place Drive, Suite 300, Davidson, NC, United States, 28036 | https://www.curtisswright.com |
| Rolls-Royce Holdings PLC | View profile | 41810 | 90 York Way, Kings Place, London, United Kingdom, N1 9FX | https://www.rolls-royce.com |
| Ducommun Inc | View profile | 2265 | 200 Sandpointe Avenue, Suite 700, Santa Ana, CA, United States, 92707-5759 | https://www.ducommun.com |
| IHI Corp | View profile | 28486 | 1-1, Toyosu 3-chome, Koto-ku, Tokyo, Japan, 135-8710 | http://www.ihi.co.jp |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Triumph Group Inc | View profile | 4937 | 555 E Lancaster Avenue, Suite 400, Radnor, PA, United States, 19087 | https://www.triumphgroup.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| MTU Aero Engines AG | View profile | 12170 | Dachauer Strasse 665, Munich, BY, Germany, 80995 | https://www.mtu.de |
| Deutsche Lufthansa AG | View profile | 98739 | Venloer Street 151-153, Cologne, NW, Germany, 50672 | https://www.lufthansagroup.com |
| Safran SA | View profile | 83278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | https://www.safran-group.com |
| Dassault Systemes SE | View profile | 23811 | 10, Rue Marcel Dassault, Velizy-Villacoublay, France, 78140 | https://www.3ds.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Thales | View profile | 81000 | 4, rue de la Verrerie, Meudon, France, 92190 | https://www.thalesgroup.com |
| Parker Hannifin Corp | View profile | 62730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | http://www.phstock.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Bridgestone Corp | View profile | 125199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | http://www.bridgestone.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Global aerospace parts manufacturing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aerospace parts manufacturing market size, 2023 (US$M)
Global aerospace parts manufacturing market share, by aircraft, 2023 & 2030 (%, US$M)
Aerospace parts manufacturing market: Opportunity assessment by country
Global aerospace parts manufacturing market, by region, 2023 (US$M)
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