GVR Report cover Aerospace Parts Manufacturing Market Size, Share & Trends Report

Aerospace Parts Manufacturing Market Size, Share & Trends Analysis Report By Product (Engines, Aircraft Manufacturing, Cabin Interiors, Equipment, System, & Support, Avionics), By End-use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-678-3
  • Number of Report Pages: 109
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Advanced Materials

Market Size & Trends

The global aerospace parts manufacturing market size was estimated at USD 913.13 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The market is growing on account of the rising passenger traffic, especially in Asia Pacific and Middle East & Africa, and is expected to drive the demand and production of aerospace parts, over the coming years. Moreover, increasing demand for lightweight and fuel-efficient aircraft to reduce greenhouse gas (GHG) emissions is positively influencing the industry demand.

U.S. Aerospace Parts Manufacturing Market size and growth rate, 2024 - 2030

Expansion in air passenger and air freight volume worldwide against the backdrop of economic growth in emerging countries and considerable developments in commercial aerospace are expected to drive industry growth. An increase in air travel and transport is presumed to propel the demand for manufacturing of aerospace parts that are used in aircraft. This growing demand for transportation is expected to stimulate aircraft production, which, in turn, is expected to result in an extension of contracts between aerospace parts suppliers and aircraft manufacturing companies. In addition, increased defense spending to reduce operational costs and improve the efficiency of aircraft is anticipated to create opportunities for innovation, which is expected to boost technological advancements in the industry.

Aircraft are durable assets and typically remain in service for two or three decades. As the cost to retain and operate the aircraft exceeds the profits generated, they must be replaced. New-generation aircraft and aerospace parts provide improved range and payload capability, thus enabling better fuel efficiency, significant cost savings, and profit margins compared to older aircraft. The annual replacement rate in the airline industry is approximately 3%. Fleet replacement provides a strong base for long-term demand for the manufacturing of new aerospace parts since it is much needed for fleet expansion, which contributes to market development.

The U.S. market dominates the global industry owing to the presence of established companies, such as Boeing, United Technologies, and Lockheed Martin. An increased passenger transportation is expected to drive the manufacturing of aerospace parts in the U.S. Moreover, rising demand for aerospace parts sourced from the U.S. including wings, fasteners, and fuselages on account of assurance of airworthiness strong legacy, and technological ability to produce high-quality products, is expected to drive market growth over the forecast period.

Market Concentration & Characteristics

Market growth stage is medium, and pace of the market growth is accelerating. The market exhibits low competition owing to the presence of limited players operating in the aerospace parts manufacturing market. An increased competition among the aerospace parts manufacturing companies aiming to establish secure contracts with aircraft manufacturers is being observed in the industry. Players in global aerospace parts manufacturing market compete based on differentiation in technology, design, product performance, and conformity to customer specifications. Additional factors, such as timely delivery of the product, industry goodwill, superior customer service & support, and price also affect market competition.

Aerospace Parts Manufacturing Market Concentration & Characteristics

The aerospace & defense industry is opting for lightweight materials in an attempt to improve the cost-efficiency and environmental performance of the aircraft. Hence, high-strength, lightweight, and fiber-reinforced composite materials are vital for the aircraft manufacturing industry. Replacing traditional materials with lightweight materials is an effective path toward achieving the aim of producing lightweight aircraft to enhance fuel efficiency, decrease emissions, and reduce material usage. Incorporating lightweight materials for the production of aircraft enables manufacturers to reduce the weight while allowing the innovations and installation of new functions.

There are a limited number of manufacturers that cater to customized product requirements, with products being order-specific, the market faces almost no threat of substitution. However, use of emerging technologies such as additive manufacturing, also known as 3D printing for manufacturing of low-cost, sustainable aircraft parts is increasing at a significant rate. This technology may replace the traditional manufacturing process for aircraft components in future.

Product Insights

Based on product, aircraft manufacturing accounted for the largest revenue share of over 51% in 2023. This segment includes manufacturing and assembly of a complete aircraft, including the aerostructure. Aero-structure mainly comprises fuselage, door pairings, wings, and airframe. This segment also includes developing and making aircraft prototypes; aircraft conversion that includes significant modifications to aircraft, and complete aircraft overhaul and rebuilding. Aircraft manufacturing consists of the building and assembly of civil aircraft, such as large commercial aircraft, business jets, and regional aircraft.

This segment is led by Boeing, which also manufactures freighters for logistic air supply. Equipment, safety, and support segment is expected to register the fastest CAGR from 2024 to 2030. The equipment, system, and support segment comprises various parts including landing gear, opening and closing doors, air management system, actuation & control system, and others. The overall weight of an aircraft is a crucial factor in determining the efficiency and design of the equipment, system, and other support systems. The reduced weight has a significant impact on the overall performance of an aircraft.

Avionics segment is expected to register a significant CAGR from 2024 to 2030. Advanced avionics are generally used to incorporate screens allowing pictures of the flight routes as well as necessary flight instrument data. Avionics are designed to increase the safety and utility of aircraft and aerospace parts. It encompasses electronic aircraft systems, such as fly-by-wire or fly-by-light flight controls, system monitoring, anti-collision systems, and pilot interface systems including communication, flight management systems, navigation, and weather forecast. Avionics demand generally follows the overall aerospace manufacturing industry and is expected to grow in line with increasing demand for aircraft.

End-use Insights

Based on end-use, commercial segment dominated the market with highest revenue share in 2023 in manufacturing of aerospace parts. Commercial aircraft segment is also expected to remain the fastest growing segment from 2024 to 2030. This is on account of rise in passenger and freight traffic around worldwide. With improved trade relations globally, there is a surge in demand for cargo services, which is expected to contribute to growth of the commercial aircraft parts market.

Global Aerospace Parts Manufacturing Market share and size, 2023

Commercial aircraft market is characterized by presence of a limited number of manufacturing companies owing to the associated financial risks and technological requirements. Manufacturing engines for commercial aircraft entail highest risk, thereby constricting number of manufacturing companies competing in the market. Boeing and Airbus are significant commercial aircraft manufacturing companies, together accounts for majority of the overall revenue share.

Business and general aviation aircraft comprises light planes that are used for private leisure flying, personal transportation, corporate travel, and short-haul commercial transportation, such as air taxis and commuter airliners, with low takeoff weights. Growing demand for business aircraft can be attributed to its benefits such as increased mobility, enhanced productivity, and improved efficiency. Business aircraft is anticipated to boost productivity, as air travel requires less time compared to other modes of travel. This is expected to drive the demand for business aircraft along with market for aerospace parts over the forecast period.

Military aircrafts are used to move troops and materials such as tanks, automotive vehicles, and helicopters. With modifications, they also serve as tankers for in-flight refueling. Military transporters have special features compared to commercial freight aircraft, which includes short-takeoff-and-landing capability, loading ramps, airdrop capability, and paratroop doors.

Regional Insights

North America industry for aerospace parts manufacturing dominated the regional market with largest revenue share of 51.7% in 2023. North American economy is extremely favorable for aircraft manufacturing owing to increased number of aging fleets in the region. Replacement of this aging aircraft is contributed to the lower operating efficiency and revenue requirements for the operating airlines. Moreover, increase in per capita income is expected to boost the number of airway passengers, thereby boosting regional demand for aircraft and its parts.

Asia Pacific accounted for a significant share in 2023. This is due to growing development in aviation industry in Asia Pacific driven by economic growth of Japan, China and other countries. There is a rapid rise in international air travel along with growing demand for international cargo which is expected to trigger regional demand for MRO activities, thereby boosting demand for aerospace parts.

Aerospace Parts Manufacturing Market Trends by Region, 2024 - 2030

Growth of the European aerospace and defense industry is expected to surpass that of aerospace industry in the U.S. over the forecast period, owing to a slight increase in defense spending by some European countries, such as Russia, Italy. The industry has experienced improved performance against the backdrop of economic slowdown and uncertainties in recent years. However, European industry is highly concentrated in nature on account of the major players accounting for a significant revenue share.

Key Companies & Market Share Insights

The global aerospace parts manufacturing market exhibits an increasingly competitive environment, owing to the rising demand from aircraft manufacturing industry. Aerospace parts market has observed a trend of major companies collaborating to start a joint venture for product development, due to the risks and increased costs associated with development and manufacturing of new aerospace parts.

  • In August 2022, Safran Data Systems, a Safran Electronics & Defense division, has just purchased Captronic Systems, a local Indian firm. As a result, Safran Data Systems is expanding its product portfolio and strengthening its international operations in this strategic country as a leading player in the space industry, supplying instrumentation for testing, telemetry, and communications with satellites, launch vehicles, and all types of remote platforms.

  • In May 2022, JAMCO Corporation has announced the signing of a Supporter Agreement with SkyDrive Inc., a company that is developing flying cars. JAMCO will begin the collaboration by lending SkyDrive its Aircraft Interiors development professionals.

Key Aerospace Parts Manufacturing Companies:

  • JAMCO Corporation
  • Intrex Aerospace
  • Rolls Royce plc
  • CAMAR Aircraft Parts Company
  • Safran Group
  • Woodward, Inc.
  • Engineered Propulsion System
  • Eaton Corporation plc
  • Aequs
  • Aero Engineering & Manufacturing Co.
  • GE Aviation
  • Lycoming Engines
  • Pratt & Whitney
  • Superior Air Parts Inc.
  • MTU Aero Engines AG
  • Honeywell International, Inc.
  • Collins Aerospace
  • Composite Technology Research Malaysia Sdn. Bhd.
  • Mitsubishi Heavy Industries Ltd.
  • Kawasaki Heavy Industries Ltd.
  • Subaru Corporation
  • IHI Corporation
  • Lufthansa Technik AG
  • Diel Aviation Holding GmbH
  • Elektro-Metall Export GmbH
  • Liebherr International AG
  • Hexcel Corporation
  • DuCommun Incorporated
  • Rockwell Collins
  • Spirit Aerosystems, Inc.
  • Panasonic Avionics Corporation
  • Zodiac Aerospace
  • Thales S.A.
  • Dassault Systems SE
  • Parker-Hannifin Corporation
  • Chemetall GmbH
  • Premium AEROTECH GmbH
  • Daher Group
  • FACC AG
  • Triumph Group
  • Curtiss-Wright Corporation
  • Stelia Aerospace
  • Magellan Aerospace
  • Bridgestone Corporation

Aerospace Parts Manufacturing Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 966.05 billion

Revenue forecast in 2030

USD 1,233.24 billion

Growth Rate

CAGR of 4.2% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2030

Report coverage

Revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Product, end use, region

Regional scope

North America, Europe, Asia Pacific, Middle East & Africa, Central & South America

Country scope

U.S., Canada, Mexico, Germany, France, Italy, U.K., Netherlands, Poland, China, Japan, Australia, Indonesia, Malaysia, Philippines, Brazil

Key companies profiled

JAMCO Corporation, Intrex Aerospace, Rolls Royce plc, CAMAR Aircraft Parts Company, Safran Group, Woodward, Inc., Engineered Propulsion System, Eaton Corporation plc, Aequs, Aero Engineering & Manufacturing Co., GE Aviation, Lycoming Engines, Pratt & Whitney, Superior Air Parts Inc., MTU Aero Engines AG, Honeywell International, Inc., Collins Aerospace, Composite Technology Research Malaysia Sdn. Bhd., Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Subaru Corporation, IHI Corporation, Lufthansa Technik AG, Diel Aviation Holding GmbH, Elektro-Metall Export GmbH, Liebherr International AG, Hexcel Corporation, DuCommun Incorporated, Rockwell Collins, Spirit Aerosystems, Inc., Panasonic Avionics Corporation, Zodiac Aerospace, Thales S.A., Dassault Systems SE, Parker-Hannifin Corporation, Chemetall GmbH, Premium AEROTECH GmbH, Daher Group, FACC AG, Triumph Group, Curtiss-Wright Corporation, Stelia Aerospace, Magellan Aerospace, Bridgestone Corporation

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Aerospace Parts Manufacturing Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global aerospace parts manufacturing market report on the basis of product, end use, and region:

Global Aerospace Parts Manufacturing Market Report Segmentation

  • Product Outlook (Revenue, USD Billion, 2018 - 2030)

    • Engines

    • Aerostructure

    • Cabin Interiors

    • Equipment, System, and Support

    • Avionics

    • Insulation Components

  • End-use Outlook (Revenue, USD Billion, 2018 - 2030)

    • Commercial Aircraft

    • Business Aircraft

    • Military Aircraft

    • Other Aircraft

  • Regional Outlook (Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • The Netherlands

    • Asia Pacific

      • Indonesia

      • Malaysia

      • Philippines

      • China

      • Japan

      • Australia

    • Central & South America

      • Brazil

    • Middle East & Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Methodology and Scope
                      1.1. Market Segmentation & Scope
                      1.2. Market Definition
                      1.3. Information Procurement
                          1.3.1. Purchased Database
                          1.3.2. GVR’s Internal Database
                          1.3.3. Secondary Sources & Third-Party Perspectives
                          1.3.4. Primary Research
                      1.4. Information Analysis
                          1.4.1. Data Analysis Models
                      1.5. Market Formulation & Data Visualization
                      1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                      2.1. Market Snapshot
Chapter 3. Market Variables, Trends, and Scope
                      3.1. Market Segmentation
                      3.2. Value Chain Analysis
                          3.2.1. Supplier Outlook
                              3.2.1.1. Airbus A380
                                  3.2.1.1.1. Aerostructure
                                  3.2.1.1.2. Engine
                                  3.2.1.1.3. Equipment Safety & Support Component
                                  3.2.1.1.4. Avionics
                                  3.2.1.1.5. Insulation Components
                                  3.2.1.1.6. Cabin Interior
                              3.2.1.2. Airbus A350
                                  3.2.1.2.1. Airframe Systems & Assemblies
                                  3.2.1.2.2. Cabin Interiors
                                  3.2.1.2.3. Equipment Safety & Support Component
                                  3.2.1.2.4. Avionics
                                  3.2.1.2.5. Engine
                                  3.2.1.2.6. Components
                              3.2.1.3. Airbus A320
                                  3.2.1.3.1. Airframe Systems & Assemblies
                                  3.2.1.3.2. Cabin Interiors
                                  3.2.1.3.3. Equipment Safety & Support Component
                                  3.2.1.3.4. Avionics
                                  3.2.1.3.5. Engine
                                  3.2.1.3.6. Components
                              3.2.1.4. Boeing 787 Dreamliner
                                  3.2.1.4.1. Airframe Systems & Assemblies
                                  3.2.1.4.2. Cabin Interiors
                                  3.2.1.4.3. Equipment Safety & Support Component
                                  3.2.1.4.4. Avionics
                                  3.2.1.4.5. Engine
                                  3.2.1.4.6. Components
                              3.2.1.5. List of Major Tier 1 & Tier 2 Suppliers, by Components
                              3.2.1.6. List of Major Products Manufactured by Companies
                                  3.2.1.6.1. Jamco Corporation
                                  3.2.1.6.2. Intrex Aerospace
                                  3.2.1.6.3. Rolls Royce plc
                                  3.2.1.6.4. CAMAR Aircraft Parts Company
                                  3.2.1.6.5. Safran Group
                                  3.2.1.6.6. Woodward, Inc.
                                  3.2.1.6.7. Engineered Propulsion System
                                  3.2.1.6.8. Eaton Corporation plc
                                  3.2.1.6.9. Aequs
                                  3.2.1.6.10. Aero Engineering & Manufacturing Co
                                  3.2.1.6.11. GE Aviation
                                  3.2.1.6.12. Lycoming Engines
                                  3.2.1.6.13. Pratt & Whitney
                                  3.2.1.6.14. Superior Air Parts, Inc
                                  3.2.1.6.15. MTU Aero Engines AG
                                  3.2.1.6.16. Honeywell International, Inc.
                                  3.2.1.6.17. UTC Aerospace Systems
                          3.2.2. Top Producers
                      3.3. Technology Overview
                      3.4. Raw Material Trends
                          3.4.1. Philippines Raw Material Trends
                      3.5. Regulatory Framework
                      3.6. Aerospace Parts Trade Statistics, By Key Statistics, 2016 - 2020
                          3.6.1. U.S.
                          3.6.2. Canada
                          3.6.3. Mexico
                          3.6.4. Germany
                          3.6.5. UK
                          3.6.6. France
                          3.6.7. Italy
                          3.6.8. Netherlands
                          3.6.9. Indonesia
                          3.6.10. Malaysia
                          3.6.11. Philippines
                          3.6.12. China
                          3.6.13. Japan
                          3.6.14. India
                          3.6.15. Republic of Korea
                          3.6.16. Australia
                          3.6.17. Saudi Arabia
                          3.6.18. UAE
                          3.6.19. Qatar
                          3.6.20. Brazil
                      3.7. Market Dynamics
                          3.7.1. Driver
                              3.7.1.1. Rise in passenger & freight traffic
                              3.7.1.2. Increase in rate of aircraft fleet replacement
                          3.7.2. Restraint
                              3.7.2.1. Fluctuations in raw material prices
                          3.7.3. Market Threat Analysis
                              3.7.3.1. Political and economic uncertainty in European Union
                      3.8. Key Opportunities Prioritized
                      3.9. Recommendations on Philippines Aerospace Parts Manufacturing Industry
                      3.10. Porter’s Five Forces Analysis
                      3.11. PESTLE Analysis
                      3.12. Parts Manufacturing and MRO Growth Opportunities
                          3.12.1. Asia Pacific
                          3.12.2. Philippines
                      3.13. Aerospace Industry Analysis, By Country
                          3.13.1. Malaysia
                          3.13.2. Morocco
                          3.13.3. Mexico
Chapter 4. Aerospace Parts Manufacturing Market: Product Estimates & Trend Analysis
                      4.1. Aerospace Parts Manufacturing Market: Product Movement Analysis, 2023 & 2030
                      4.2. Engine
                          4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      4.3. Aerostructure
                          4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      4.4. Cabin Interiors
                          4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      4.5. Equipment, System, and Support
                          4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      4.6. Avionics
                          4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      4.7. Insulation Components
                          4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Aerospace Parts Manufacturing Market: End-use Estimates & Trend Analysis
                      5.1. Aerospace Parts Manufacturing Market: End-Use Movement Analysis, 2023 & 2030
                      5.2. Commercial Aircraft
                          5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      5.3. Business Aircraft
                          5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      5.4. Military Aircraft
                          5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                      5.5. Other Aircraft
                          5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Aerospace Parts Manufacturing Market: Regional Estimates & Trend Analysis
                      6.1. Regional Movement Analysis & Market Share, 2020 & 2028
                      6.2. Aerospace parts manufacturing market: Regional movement analysis, 2023 & 2030
                      6.3. North America
                          6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                          6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                          6.3.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.3.4. U.S.
                              6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.3.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.3.5. Canada
                              6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.3.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.3.6. Mexico
                              6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.3.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                      6.4. Europe
                          6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                          6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                          6.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.4.4. Germany
                              6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.4.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                                  6.4.5. U.K.
                              6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.4.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.4.6. France
                              6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.4.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.4.7. Italy
                              6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.4.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.4.8. The Netherlands
                              6.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.4.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.4.8.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                      6.5. Asia Pacific
                          6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                          6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                          6.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.5.4. Indonesia
                              6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.5.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.5.5. Malaysia
                              6.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.5.5.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.5.6. Philippines
                              6.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.5.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.5.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.5.7. China
                              6.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.5.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.5.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.5.8. Japan
                              6.5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.5.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.5.8.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.5.9. Australia
                              6.5.9.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.5.9.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.5.9.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                      6.6. Central & South America
                          6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                          6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                          6.6.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                          6.6.4. Brazil
                              6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                              6.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                              6.6.4.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
                      6.7. Middle East & Africa
                          6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
                          6.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
                          6.7.3. Market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
                      7.1. Company Market Share
                          7.1.1. Commercial Turbofan Engines Market Share: Company market share analysis
                      7.2. Distribution Landscape
                      7.3. Competitive Landscape
                      7.4. Strategy Framework
Chapter 8. Company Profiles
                      8.1. JAMCO Corporation
                          8.1.1. Company overview
                          8.1.2. Financial performance
                          8.1.3. Product benchmarking
                          8.1.4. Strategic initiatives
                      8.2. Intrex Aerospace
                          8.2.1. Company overview
                          8.2.2. Financial performance
                          8.2.3. Product benchmarking
                          8.2.4. Strategic initiatives
                      8.3. Rolls Royce plc
                          8.3.1. Company overview
                          8.3.2. Financial performance
                          8.3.3. Product benchmarking
                          8.3.4. Strategic initiatives
                      8.4. CAMAR Aircraft Parts Company
                          8.4.1. Company overview
                          8.4.2. Financial performance
                          8.4.3. Product benchmarking
                          8.4.4. Strategic initiatives
                      8.5. Safran Group
                          8.5.1. Company overview
                          8.5.2. Financial performance
                          8.5.3. Product benchmarking
                          8.5.4. Strategic initiatives
                      8.6. Woodward Hexcel
                          8.6.1. Company overview
                          8.6.2. Financial performance
                          8.6.3. Product benchmarking
                          8.6.4. Strategic initiatives
                      8.7. Engineered Propulsion System
                          8.7.1. Company overview
                          8.7.2. Financial performance
                          8.7.3. Product benchmarking
                          8.7.4. Strategic initiatives
                      8.8. Eaton Corporation plc
                          8.8.1. Company overview
                          8.8.2. Financial performance
                          8.8.3. Product benchmarking
                          8.8.4. Strategic initiatives
                      8.9. Aequs
                          8.9.1. Company overview
                          8.9.2. Financial performance
                          8.9.3. Product benchmarking
                          8.9.4. Strategic initiatives
                      8.10. GE Aviation
                          8.10.1. Company overview
                          8.10.2. Financial performance
                          8.10.3. Product benchmarking
                          8.10.4. Strategic initiatives
                      8.11. Textron Inc.
                          8.11.1. Company overview
                          8.11.2. Financial performance
                          8.11.3. Product benchmarking
                          8.11.4. Strategic initiatives
                      8.12. Raytheon Technologies Corporation
                          8.12.1. Company overview
                          8.12.2. Financial performance
                          8.12.3. Product benchmarking
                          8.12.4. Strategic initiatives
                      8.13. MTU Aero Engines AG
                          8.13.1. Company overview
                          8.13.2. Financial performance
                          8.13.3. Product benchmarking
                          8.13.4. Strategic initiatives
                      8.14. Superior Aviation Beijing
                          8.14.1. Company overview
                          8.14.2. Financial performance
                          8.14.3. Product benchmarking
                          8.14.4. Strategic initiatives
                      8.15. Honeywell International Inc.
                          8.15.1. Company overview
                          8.15.2. Financial performance
                          8.15.3. Product benchmarking
                          8.15.4. Strategic initiatives
                      8.16. Mitsubishi Heavy Industries, Ltd.
                          8.16.1. Company overview
                          8.16.2. Financial performance
                          8.16.3. Product benchmarking
                          8.16.4. Strategic initiatives
                      8.17. Composite Technology Research Malaysia Sdn. Bhd. (CTRM)
                          8.17.1. Company overview
                          8.17.2. Financial performance
                          8.17.3. Product benchmarking
                          8.17.4. Strategic initiatives
                      8.18. Kawasaki Heavy Industries Ltd.
                          8.18.1. Company overview
                          8.18.2. Financial performance
                          8.18.3. Product benchmarking
                          8.18.4. Strategic initiatives
                      8.19. IHI Corporation
                          8.19.1. Company overview
                          8.19.2. Financial performance
                          8.19.3. Product benchmarking
                          8.19.4. Strategic initiatives
                      8.20. Subaru Corporation
                          8.20.1. Company overview
                          8.20.2. Financial performance
                          8.20.3. Product benchmarking
                          8.20.4. Strategic initiatives
                      8.21. Lufthansa Technik AG
                          8.21.1. Company overview
                          8.21.2. Financial performance
                          8.21.3. Product benchmarking
                          8.21.4. Strategic initiatives
                      8.22. Spirit AeroSystems, Inc.
                          8.22.1. Company overview
                          8.22.2. Financial performance
                          8.22.3. Product benchmarking
                          8.22.4. Strategic initiatives
                      8.23. Ducommun Incorporated
                          8.23.1. Company overview
                          8.23.2. Financial performance
                          8.23.3. Product benchmarking
                          8.23.4. Strategic initiatives
                      8.24. Liebherr International AG
                          8.24.1. Company overview
                          8.24.2. Financial performance
                          8.24.3. Product benchmarking
                          8.24.4. Strategic initiatives
                      8.25. Elektro-Metall Export GmbH
                          8.25.1. Company overview
                          8.25.2. Financial performance
                          8.25.3. Product benchmarking
                          8.25.4. Strategic initiatives
                      8.26. Diehl Aviation
                          8.26.1. Company overview
                          8.26.2. Financial performance
                          8.26.3. Product benchmarking
                          8.26.4. Strategic initiatives
                      8.27. Panasonic Avionics Corporation
                          8.27.1. Company overview
                          8.27.2. Financial performance
                          8.27.3. Product benchmarking
                          8.27.4. Strategic initiatives
                      8.28. Thales Group
                          8.28.1. Company overview
                          8.28.2. Financial performance
                          8.28.3. Product benchmarking
                          8.28.4. Strategic initiatives
                      8.29. Dassault Group
                          8.29.1. Company overview
                          8.29.2. Financial performance
                          8.29.3. Product benchmarking
                          8.29.4. Strategic initiatives
                      8.30. Parker Hannifin Corporation
                          8.30.1. Company overview
                          8.30.2. Financial performance
                          8.30.3. Product benchmarking
                          8.30.4. Strategic initiatives
                      8.31. Chemetall GmbH
                          8.31.1. Company overview
                          8.31.2. Financial performance
                          8.31.3. Product benchmarking
                          8.31.4. Strategic initiatives
                      8.32. Daher Group
                          8.32.1. Company overview
                          8.32.2. Financial performance
                          8.32.3. Product benchmarking
                          8.32.4. Strategic initiatives
                      8.33. Triumph Group
                          8.33.1. Company overview
                          8.33.2. Financial performance
                          8.33.3. Product benchmarking
                          8.33.4. Strategic initiatives
                      8.34. Cutis-Wright Corporation
                          8.34.1. Company overview
                          8.34.2. Financial performance
                          8.34.3. Product benchmarking
                          8.34.4. Strategic initiatives
                      8.35. Airbus Group
                          8.35.1. Company overview
                          8.35.2. Financial performance
                          8.35.3. Product benchmarking
                          8.35.4. Strategic initiatives
                      8.36. Magellan Aerospace
                          8.36.1. Company overview
                          8.36.2. Financial performance
                          8.36.3. Product benchmarking
                          8.36.4. Strategic initiatives
                      8.37. Bridgestone Corporation
                          8.37.1. Company overview
                          8.37.2. Financial performance
                          8.37.3. Product benchmarking
                          8.37.4. Strategic initiatives
                      8.38. Teijin Ltd.
                          8.38.1. Company overview
                          8.38.2. Financial performance
                          8.38.3. Product benchmarking
                          8.38.4. Strategic initiatives
                      8.39. Toray Industries
                          8.39.1. Company overview
                          8.39.2. Financial performance
                          8.39.3. Product benchmarking
                          8.39.4. Strategic initiatives
                      8.40. Sumitomo Precision Products Co. Ltd.
                          8.40.1. Company overview
                          8.40.2. Financial performance
                          8.40.3. Product benchmarking
                          8.40.4. Strategic initiatives
                      8.41. Strand Aerospace Malaysia Sdn. Bhd.
                          8.41.1. Company overview
                          8.41.2. Financial performance
                          8.41.3. Product benchmarking
                          8.41.4. Strategic initiatives
                      8.42. Harbin Hafei Airbus Composite Manufacturing Centre Company
                          8.42.1. Company overview
                          8.42.2. Financial performance
                          8.42.3. Product benchmarking
                          8.42.4. Strategic initiatives
                      8.43. Korea Aerospace Industries
                          8.43.1. Company overview
                          8.43.2. Financial performance
                          8.43.3. Product benchmarking
                          8.43.4. Strategic initiatives
                      8.44. Porvair Filtration Group
                          8.44.1. Company overview
                          8.44.2. Financial performance
                          8.44.3. Product benchmarking
                          8.44.4. Strategic initiatives
                      8.45. GKN Aerospace
                          8.45.1. Company overview
                          8.45.2. Financial performance
                          8.45.3. Product benchmarking
                          8.45.4. Strategic initiatives
                      8.46. Meggitt PLC
                          8.46.1. Company overview
                          8.46.2. Financial performance
                          8.46.3. Product benchmarking
                          8.46.4. Strategic initiatives
                      8.47. AVIC Aircraft Corporation Ltd.
                          8.47.1. Company overview
                          8.47.2. Financial performance
                          8.47.3. Product benchmarking
                          8.47.4. Strategic initiatives
                      8.48. Senior plc
                          8.48.1. Company overview
                          8.48.2. Financial performance
                          8.48.3. Product benchmarking
                          8.48.4. Strategic initiatives
                      8.49. TransDigm Group Inc.
                          8.49.1. Company overview
                          8.49.2. Financial performance
                          8.49.3. Product benchmarking
                          8.49.4. Strategic initiatives
                      8.50. Cobham SATCOM
                          8.50.1. Company overview
                          8.50.2. Financial performance
                          8.50.3. Product benchmarking
                          8.50.4. Strategic initiatives
                      8.51. Mtorres Disenos Industriales SA
                          8.51.1. Company overview
                          8.51.2. Financial performance
                          8.51.3. Product benchmarking
                          8.51.4. Strategic initiatives


List of Tables

Table 1 Aerospace parts manufacturing market estimates and forecasts, by engines, 2018 - 2030 (USD Billion)
Table 3 Aerospace parts manufacturing market estimates and forecasts, by aerostructure, 2018 - 2030 (USD Billion)
Table 5 Aerospace parts manufacturing market estimates and forecasts, by cabin interiors, 2018 - 2030 (USD Billion)
and forecasts
Table 9 Aerospace parts manufacturing market estimates and forecasts, by avionics, 2018 - 2030 (USD Billion)
and forecasts
Table 13 Aerospace parts manufacturing market estimates and forecasts in commercial aircraft, 2018 - 2030 (USD Billion)
Table 15 Aerospace parts manufacturing market estimates and forecasts in business aircraft, 2018 - 2030 (USD Billion)
Table 17 Aerospace parts manufacturing market estimates and forecasts in military aircraft, 2018 - 2030 (USD Billion)
Table 19 Aerospace parts manufacturing market estimates and forecasts for other aircraft, 2018 - 2030 (USD Billion)
Table 21 North America aerospace parts manufacturing market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 23 North America aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 25 North America aerospace parts manufacturing market estimates, by aircraft, 2018 - 2030 (USD Billion)
Table 27 U.S. aerospace parts manufacturing market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 29 U.S. aerospace parts manufacturing market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 31 U.S. aerospace parts manufacturing market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 33 Canada aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 35 Canada aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 37 Canada aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 39 Mexico aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 41 Mexico aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 43 Mexico aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 45 Europe aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 47 Europe aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 49 Europe aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 51 Germany aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 53 Germany aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 55 Germany aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 57 U.K. aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 59 U.K. aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 61 U.K. aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 63 France aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 65 France aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 67 France aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 69 Italy aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 71 Italy aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 73 Italy aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 75 The Netherlands aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 77 The Netherlands aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 79 The Netherlands aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 81 Asia Pacific aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 83 Asia Pacific aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 85 Asia Pacific aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 87 Indonesia aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 89 Indonesia aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 91 Indonesia aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 93 Malaysia aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 95 Malaysia aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 97 Malaysia aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 99 Philippines aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 101 Philippines aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD
Table 103 Philippines aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 105 China aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 107 China aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 109 China aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 111 Japan aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 113 Japan aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 115 Japan aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 117 Australia aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 119 Australia aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 121 Australia aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 123 Central & South America aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 125 Central & South America aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 127 Central & South America aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 129 Brazil aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 131 Brazil aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 133 Brazil aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 135 Middle East & Africa aerospace parts manufacturing market estimates, 2018 - 2030 (USD Billion)
Table 137 Middle East & Africa aerospace parts manufacturing market estimates, by product, 2018 - 2030 (USD Billion)
Table 139 Middle East & Africa aerospace parts manufacturing market estimates, by end-use, 2018 - 2030 (USD Billion)
Table 141 Aerospace Parts Manufacturing Market: Distribution Landscape


List of Figures

Fig. 1 Aerospace parts manufacturing market: Market Snapshot
Fig. 2 Aerospace Parts Manufacturing Market: Market Segmentation
Fig. 3 Aerospace Parts Manufacturing Market: Penetration & Growth Prospect Mapping
Fig. 4 Aerospace Parts Manufacturing Market: Value Chain Analysis
Fig. 5 Aerospace Parts Manufacturing Market: Supply chain
Fig. 6 Global aerospace materials market size, by product (USD Million)
Fig. 7 North America manufacturing capacity, by product (USD Billion)
Fig. 8 Europe manufacturing capacity, by product (USD Billion)
Fig. 9 Asia Pacific manufacturing capacity, by product (USD Billion)
Fig. 10 Central & South America manufacturing capacity, by product (USD Billion)
Fig. 11 Middle East & Africa manufacturing capacity, by product (USD Billion)
Fig. 12 Aerospace Parts Manufacturing Market: Market Dynamics
Fig. 13 Market Driver Analysis
Fig. 14 Global passenger and freight traffic, 2000-2019 (Billion individuals) (Billion ton-Km)
Fig. 15 Global annual commercial aircraft deliveries (No. of units)
Fig. 16 In-service aircraft reaching 25 years of age which needs replacement (No. of units)
Fig. 17 Market Restraint Analysis
Fig. 18 Spot prices of aluminum (USD/Ton)
Fig. 19 Global steel prices (USD/Ton)
Fig. 20 Aerospace Parts Manufacturing Market: Porter’s Analysis
Fig. 21 Aerospace Parts Manufacturing Market: Porter’s Analysis
Fig. 22 Aerospace parts manufacturing market: Product movement analysis, 2023 & 2030
Fig. 23 Aerospace parts manufacturing market: End-use movement analysis, 2023 & 2030
Fig. 24 Aerospace parts manufacturing market: Regional movement analysis, 2023 & 2030
Fig. 25 Commercial turbofan engines market share: Company market share analysis

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Market Segmentation

  • Aerospace Parts Manufacturing Product Outlook (Revenue, USD Billion, 2018 - 2030)
    • Engines
    • Aerostructure
    • Cabin Interiors
    • Equipment, System, and Support
    • Avionics
    • Insulation Components
  • Aerospace Parts Manufacturing End-use Outlook (Revenue, USD Billion, 2018 - 2030)
    • Commercial Aircraft
    • Business Aircraft
    • Military Aircraft
    • Others
  • Aerospace Parts Manufacturing Regional Outlook (Revenue, USD Billion, 2018 - 2030)
    • North America
      • North America Aerospace Parts Manufacturing Market, By Product
        • Engines
        • Aerostructure
        • Cabin Interiors
        • Equipment, System, and Support
        • Avionics
        • Insulation Components
      • North America Aerospace Parts Manufacturing Market, By End Use
        • Commercial Aircraft
        • Business Aircraft
        • Military Aircraft
        • Others
      • U.S.
        • U.S. Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • U.S. Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • Canada
        • Canada Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Canada Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • Mexico
        • Mexico. Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Mexico Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
    • Europe
      • Europe Aerospace Parts Manufacturing Market, By Product
        • Engines
        • Aerostructure
        • Cabin Interiors
        • Equipment, System, and Support
        • Avionics
        • Insulation Components
      • Europe Aerospace Parts Manufacturing Market, By End Use
        • Commercial Aircraft
        • Business Aircraft
        • Military Aircraft
        • Others
      • Germany
        • Germany Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Germany Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • U.K.
        • U.K. Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • U.K. Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • France
        • France Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • France Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • Italy
        • Italy Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Italy Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • The Netherlands
        • The Netherlands Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • The Netherlands Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
    • Asia Pacific
      • Asia Pacific Aerospace Parts Manufacturing Market, By Product
        • Engines
        • Aerostructure
        • Cabin Interiors
        • Equipment, System, and Support
        • Avionics
        • Insulation Components
      • Asia Pacific Aerospace Parts Manufacturing Market, By End Use
        • Commercial Aircraft
        • Business Aircraft
        • Military Aircraft
        • Others
      • Indonesia
        • Indonesia Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Indonesia Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • Malaysia
        • Malaysia Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Malaysia Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • Philippines
        • Philippines Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Philippines Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • China
        • China Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • China Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • Japan
        • Japan Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Japan Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
      • Australia
        • Australia Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Australia Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
    • Central & South America
      • Central & South America Aerospace Parts Manufacturing Market, By Product
        • Engines
        • Aerostructure
        • Cabin Interiors
        • Equipment, System, and Support
        • Avionics
        • Insulation Components
      • Central & South America Aerospace Parts Manufacturing Market, By End Use
        • Commercial Aircraft
        • Business Aircraft
        • Military Aircraft
        • Others
      • Brazil
        • Brazil Aerospace Parts Manufacturing Market, By Product
          • Engines
          • Aerostructure
          • Cabin Interiors
          • Equipment, System, and Support
          • Avionics
          • Insulation Components
        • Brazil Aerospace Parts Manufacturing Market, By End Use
          • Commercial Aircraft
          • Business Aircraft
          • Military Aircraft
          • Others
    • Middle East & Africa
      • Middle East & Africa Aerospace Parts Manufacturing Market, By Product
        • Engines
        • Aerostructure
        • Cabin Interiors
        • Equipment, System, and Support
        • Avionics
        • Insulation Components
      • Middle East & Africa Aerospace Parts Manufacturing Market, By End Use
        • Commercial Aircraft
        • Business Aircraft
        • Military Aircraft
        • Others

Aerospace Parts Manufacturing Market Dynamics

Driver: Rise In Passenger And Freight Traffic

Growing passenger traffic, especially in Asia Pacific and the Middle East & Africa, is expected to drive the demand and production of next-generation commercial aircraft. In addition, the number of passengers flying per year has continued to ascend, fueled by affordable ticket prices, frequency of flights, and route availability. This is expected to have a positive impact on the aerospace parts manufacturing market. Over the past five years, the highest growth in air travel was observed in developing economies of Asia, such as India and China, thus resulting in a significant increase in the orders for new aircraft. The expansion in air passenger and air freight volume across the globe against the backdrop of economic growth in emerging countries and considerable developments in commercial aviation are predicted to be key market drivers. Major manufacturers such as Airbus and Boeing have also indicated the rise in production rates due to the increased demand. The increase in airline travel and transport is presumed to drive the demand for aerospace parts that are used in aircraft.

Driver: Increase In Rate Of Aircraft Fleet Replacement

Aviation is carbon intensive and one of the fastest growing sectors in terms of 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. As the cost to retain and operate the aircraft exceeds the profits generated, they must be replaced. Aircraft replacement is expected to account for 43% of the total demand of aircraft over the next 20 years. This number is expected to increase over the forecast period as emerging economies launch replacement cycles in a 20-year frame. However, the growth rate of replacement of aging fleet is expected to be concentrated in North America and Europe, as the aviation industry in Asia and the Middle East were showing the signs of expansion in the past decade.

Restraint: Fluctuations In Raw Material Prices

Manufactures are dependent on the accessibility of the key materials, subassemblies, parts from the sub-contractors and suppliers and the key raw materials required for the aerospace products include steel, titanium (sheet, plate, forgings and extrusions), composites (including carbon and boron) and aluminum (sheet, plate, forgings and extrusions). The Unstable and volatile worldwide markets have extensive consequences for manufacturing organization that is increasing energy costs to sudden fluctuation in the raw material prices, unpredicted obstacles are disrupting the supply chain and hence making it difficult for the manufactures to stay in pace.

What Does This Report Include?

This section will provide insights into the contents included in this aerospace parts manufacturing market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Aerospace parts manufacturing market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Aerospace parts manufacturing market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the aerospace parts manufacturing market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for aerospace parts manufacturing market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of aerospace parts manufacturing market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Aerospace Parts Manufacturing Market Categorization:

The aerospace parts manufacturing market was categorized into three segments, namely product (Engines, Aircraft Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components), aircraft type (Commercial, Business, Military) and region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The aerospace parts manufacturing market was segmented into product, aircraft type, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The aerospace parts manufacturing market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the US.; Canada; Mexico; Germany; the UK.; France; Italy; Netherlands; Indonesia; Malaysia; Philippines; China; Japan; Australia; and Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Aerospace Parts Manufacturing Market Companies & Financials

The aerospace parts manufacturing market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Jamco Corporation - Jamco supplies Boeing and Airbus aircraft interior products such as high-quality lavatories, galleys, and passenger seats to airlines globally. Jamco is the sole supplier of 787 galley, bar, lavatory, and flight deck bulkhead, door, and interior.

  • Intrex Aerospace - Intrex Aerospace is a precision CNC manufacturing company mainly producing tight tolerance machined components for defense, space, and aerospace industries. It offers control process systems, lathe turning machinery, and precision aerospace components.

  • Rolls Royce plc - Rolls Royce is trying to increase its market share through business expansion in South America, the Middle East, and Asia by securing orders for development of an enhanced Trent XWB engine, with 97,000 lbs. of thrust, for the enhancement of Airbus A350-1000. Additionally, the company has opened new plants in Cross pointe, Virginia, U.S., for manufacturing the discs for civil jet engines.

  • Safran Group - Safran Group offers a wide range of products, from passenger seats to integrated cabins, for all types of aircraft: business as well as commercial airplanes, helicopters, and military aircraft. Safran offers everything needed to outfit aircraft cabins: doors, overhead bins, galleys, lavatories, and other food and beverage equipment, rest areas, etc.

  • Woodward Inc. - Woodward, Inc. was founded in 1870 in Loves Park, IL as the Woodward Governor Company. Woodward provide components, systems, as well as solutions for military and commercial applications.

  • Engineered Propulsion Systems - Engineered Propulsion Systems was formed in 2006 to develop, manufacture and market a revolutionary new General Aviation diesel engine.

  • Eaton Corporation plc - Eaton Corporation plc has a broad portfolio of fuel, hydraulic, conveyance, actuation and electrical products engineered and designed to support the requirements of commercial aircraft.

  • Aequs - Aequs provides a completely equipped ecosystem that manufactures complex aero parts for the highly demanding aircraft supply chains. Aequs is a trusted partner to customers, including Airbus, Boeing, Safran, Dassault, Collins Aerospace, Eaton, Honeywell, SAAB and GKN Aerospace, to name a few.

  • GE Aviation: GE Aviation is a subsidiary of GE Electric. It is among the three largest aero engine manufacturers in the global market that offer products ranging from small turboprop engines to large thrust turbofans.

  • Pratt & Whitney - Pratt & Whitney is a subsidiary of United Technologies Corporation. Engine Alliance is a joint venture between General Electric and Pratt & Whitney. It is among the three key players which account for more than 65% of total market share.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Aerospace Parts Manufacturing Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Aerospace Parts Manufacturing Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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