Aerospace Fasteners Market To Reach $13.61 Billion By 2033

July 2025 | Report Format: Electronic (PDF)

Aerospace Fasteners Market Growth & Trends

The global aerospace fasteners market size is anticipated to reach USD 13.61 billion by 2033 and is projected to grow at a CAGR of 7.2% from 2025 to 2033, according to a new report by Grand View Research, Inc.The market is experiencing robust demand growth, driven primarily by the rise in global air travel, increased aircraft production, and the ongoing expansion of commercial and military fleets. As passenger traffic surges and airlines modernize their fleets to meet fuel efficiency and emission goals, aircraft manufacturers such as Boeing and Airbus are ramping up their output, leading to a higher demand for structural and non-structural fasteners. The surge in maintenance, repair, and overhaul (MRO) activities is another key factor driving the market growth due to the aging fleets require frequent fastener replacements to ensure safety and operational efficiency.

Present market trends include a strong focus on lightweight, high-strength materials such as titanium and advanced alloys to reduce aircraft weight and improve fuel economy. The adoption of smart fasteners which incorporate sensors for structural health monitoring is gaining momentum, particularly in defense and next-generation aircraft platforms. Additionally, the integration of additive manufacturing (3D printing) for prototyping and small-batch fastener production is streamlining customization and reducing lead times. Automation in manufacturing and assembly processes is also becoming more prevalent to enhance productivity and precision.

Government regulations play a significant role in shaping the aerospace fasteners market. Compliance with stringent aerospace standards such as AS9100, FAA, EASA, and military specifications is essential for manufacturers. These regulations govern quality, traceability, and performance standards, making certifications a critical barrier to entry. Environmental regulations are also influencing production practices, pushing companies toward more sustainable materials and processes to align with broader decarbonization goals in the aerospace sector.

Prominent players in the market, including LISI Aerospace, Howmet Aerospace, Precision Castparts Corp., and SFS Group, are adopting strategic initiatives such as mergers and acquisitions, global expansion, and product innovation to maintain competitiveness. These companies are investing in R&D to develop advanced fastening systems that meet the evolving needs of both commercial and defense aircraft. Partnerships with OEMs and Tier 1 suppliers ensure long-term supply contracts, while regional expansion into Asia-Pacific and the Middle East allows these players to tap into fast-growing aviation markets.

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Aerospace Fasteners Market Report Highlights

North America dominated the aerospace fasteners market with the largest revenue share of 40.7% in 2024, as the region has robust demand from both commercial and military aviation, including modernization programs and new aircraft deliveries.
By aircraft type, the commercial segment is expected to grow at fastest CAGR of 7.4% over the forecast period, driven by the high production volumes of commercial aircraft from manufacturers.
By product, the rivets segment is expected to grow at fastest CAGR of 7.7% over the forecast period, due to their extensive use in aircraft assembly, particularly in joining sheet metal components in fuselage, wings, and control surfaces.