Global Aerospace Parts
Manufacturing Market Segmentation, By Product (Engines,
Aerostructure, Cabin Interiors, Equipment, System, and Support, Avionics, Insulation
Components), By Material Type (Composites, Metals & Alloys, Superalloys, Thermoplastics
& Thermosets, Additive Manufacturing Materials), By Platform (Commercial
Aircraft, Business Jet, General Aviation Aircraft, Helicopters, Military
Aircraft (fighters, transports, UAVs), Spacecraft & Launch Vehicles), By End
User (Commercial Aircraft, Business Aircraft, Military Aircraft, Other Aircraft)-
Industry Trends and Forecast to 2033
Global Aerospace Parts
Manufacturing Market size was valued at USD 981.6 billion in 2024 and is expected to reach at
USD 1623.8 billion in 2033, with a CAGR of 5.9% during the forecast period of
2025 to 2033.
Global Aerospace Parts Manufacturing Market Overview
The global aerospace parts
manufacturing market is growing steadily, driven by rising aircraft production,
expanding commercial fleets, and increasing demand for lightweight,
fuel-efficient components. OEMs and Tier-1 suppliers are focusing on advanced materials,
automation, and additive manufacturing to enhance precision and reduce costs.
Strong defense modernization programs, along with rapid growth in the MRO
sector, further support market expansion. Additionally, the surge in satellite
launches, space exploration initiatives, and next-generation propulsion
technologies is creating new revenue streams. However, strict certification
standards, supply chain disruptions, and high production costs remain key
challenges for industry players.
Global Aerospace Parts Manufacturing Market Scope
|
Global Aerospace
Parts Manufacturing Market |
|||
|
Years
Considered |
|||
|
Historical Period |
2020 - 2023 |
Market Size (2024) |
USD 981.6 Billion |
|
Base Year |
2024 |
Market Size
(2033) |
USD 1623.8 Billion |
|
Forecast Period |
2025 - 2033 |
CAGR (2025 – 2033) |
5.9% |
|
Segments
Covered |
|||
|
By Product |
·
Aerostructure ·
Cabin Interiors ·
Equipment ·
System and Support ·
Avionics ·
Insulation Components |
||
|
By Material
Type |
·
Metals
& Alloys ·
Superalloys ·
Thermoplastics
& Thermosets ·
Additive
Manufacturing Materials |
||
|
By Platform |
·
Business Jet ·
General Aviation Aircraft ·
Helicopters ·
Military Aircraft (fighters, transports, UAVs) ·
Spacecraft & Launch Vehicles |
||
|
By End User |
·
Business
Aircraft ·
Military
Aircraft ·
Other
Aircraft |
||
|
Countries Catered |
|||
|
North America |
·
United
States ·
Canada ·
Mexico |
||
|
Europe |
·
United Kingdom ·
Germany ·
France ·
Spain ·
Italy ·
Rest of Europe |
||
|
Asia Pacific |
·
China ·
India ·
Japan ·
Australia ·
South
Korea ·
Rest
of Asia Pacific |
||
|
Latin America |
·
Brazil ·
Argentina ·
Rest of Latin America |
||
|
Middle East
& Africa
|
·
Saudi
Arabia ·
South
Africa ·
Rest
of MEA |
||
|
Key Companies |
|||
|
·
CAMAR Aircraft Parts Company ·
Engineered Propulsion System ·
Aequs |
|||
Global Aerospace Parts Manufacturing Market Dynamics
The global aerospace parts
manufacturing market dynamics are shaped by rising aircraft production,
increasing fleet modernization, and strong growth in commercial aviation driven
by expanding passenger traffic. Airlines worldwide are investing in fuel-efficient
aircraft, boosting demand for lightweight components, advanced avionics, and
high-performance engine parts. Defense spending, including procurement of
next-generation fighters, UAVs, and transport aircraft, further strengthens
market activity.
A significant trend is the
accelerating adoption of composite materials, digital manufacturing, and
additive manufacturing, which enhance design flexibility, reduce weight, and
support faster prototyping. Digital twins, automation, and Industry 4.0 technologies
are transforming production precision and efficiency. Meanwhile, the global MRO
sector’s expansion has increased demand for replacement parts and refurbishment
components. Opportunities are growing in space systems manufacturing, satellite
components, reusable rockets, and electric or hybrid propulsion systems.
However, the market faces
restraints such as high production costs, stringent regulatory certifications,
labor shortages in specialized manufacturing, and volatility in raw material
prices. Supply chain disruptions and geopolitical tensions continue to challenge
timely procurement of aerospace-grade materials. Additionally, the scaling of
additive manufacturing for mass production, maintaining quality consistency in
complex composites, and OEM pressure on cost reduction remain core industry
challenges. Despite these barriers, advancements in sustainability, fleet
electrification, and localization of aerospace manufacturing are expected to
drive long-term growth.
Global Aerospace Parts
Manufacturing Market Segment Analysis
The global aerospace parts
manufacturing market is segmented across multiple dimensions that reflect the
diverse applications and technical requirements of the aviation and space
industries. By Product, the market encompasses engines, aerostructures, cabin
interiors, equipment, system and support components, avionics, and insulation
parts. Engines and engine parts represent a major share due to continuous
innovation in fuel-efficient propulsion and high-performance turbine systems.
Aerostructures, including fuselage sections, wings, and control surfaces,
dominate production volumes, while cabin interiors witness steady demand driven
by airline upgrades and passenger comfort improvements. Avionics and onboard
systems continue to evolve with digitalization, automation, and next-gen
navigation and communication technologies.
By Material Type, aerospace parts
utilize composites, metals and alloys, superalloys, advanced thermoplastics,
and additive manufacturing-grade materials. Composites such as carbon fiber and
glass fiber are increasingly used to reduce weight and enhance performance,
whereas high-strength metals like aluminum, titanium, and nickel superalloys
remain essential for engine and structural components. Thermoplastics and
thermosets are gaining traction for interior applications, and additive
manufacturing materials are enabling lightweight, complex geometries for
low-volume production.
By Platform, the market spans
commercial aircraft, business jets, general aviation aircraft, helicopters,
military aircraft (fighters, transports, UAVs), and spacecraft and launch
vehicles. Commercial aviation leads the segment due to large global fleets and
massive backlogs from Airbus and Boeing. Military aircraft manufacturing is
driven by modernization programs, UAV proliferation, and rising defense
budgets. Meanwhile, spacecraft and launch vehicle parts are witnessing rapid
growth fueled by satellite deployment, private space companies, and reusable
rocket technologies.
By End User, the market caters to
commercial aircraft, business aircraft, military aircraft, and other specialty
aircraft users. Commercial operators dominate after decades of global airline
expansion, while business jets benefit from rising private aviation demand.
Military end users continue to represent a stable, long-term segment with
consistent procurement cycles. Collectively, these segment dynamics highlight
the industry’s shift toward lightweight materials, advanced manufacturing
technologies, and increasing platform diversification across aviation and space
sectors..
Global Aerospace Parts
Manufacturing Market Regional Analysis
The global aerospace parts manufacturing market shows strong
regional variation driven by industrial capability, defense spending, and
commercial aviation demand. North America leads the market, supported by the
presence of major OEMs such as Boeing, Lockheed Martin, and a highly advanced
supplier ecosystem specializing in engines, avionics, and aerostructures.
Europe follows closely, with Airbus, Safran, Rolls-Royce, and Leonardo driving
significant production of aircraft structures, propulsion systems, and cabin
components. Asia-Pacific is the fastest-growing region as China, India, Japan,
and South Korea expand their aerospace manufacturing bases, supported by rising
air travel, indigenous aircraft programs, and strong government investment.
Latin America shows moderate growth, led by Embraer’s aircraft production and
expanding MRO activities. The Middle East & Africa region is emerging as a
strategic hub, driven by aviation expansion in the UAE, Saudi Arabia, and
Qatar, along with growing demand for aircraft parts and maintenance
capabilities.
Global Aerospace Parts Manufacturing Market Key Players
·
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.
Recent Developments
In June 2025, Aernnova
and Mahindra Aerostructures signed a multi-year contract worth ~ US$300
million. Under this agreement, MASPL (India) will produce metal sub-assemblies
and components for a range of aircraft from Airbus and Embraer (including the
Embraer C-390 military transport). Components will be supplied to Aernnova’s
sites in Spain, UK, Portugal, and Brazil expanding India’s footprint in global
aerospace supply chains.
In February 2025, Safran
and HAL formalized a contract for the production of critical forged/turbine
parts (rotating & superalloy components) for the LEAP engine program used
widely in narrow-body aircraft. This strengthens India’s role in global
aero-engine parts manufacturing under the “Make in India” push.
Research Methodology
At Foreclaro Global Research, our
research methodology is firmly rooted in a comprehensive and systematic
approach to market research. We leverage a blend of reliable public and
proprietary data sources, including industry reports, government publications,
company filings, trade journals, investor presentations, and credible online
databases. Our analysts critically evaluate and triangulate information to
ensure accuracy, consistency, and depth of insights. We follow a top-down and
bottom-up data modelling framework to estimate market sizes and forecasts,
supplemented by competitive benchmarking and trend analysis. Each research
output is tailored to client needs, backed by transparent data validation
practices, and continuously refined to reflect dynamic market conditions.
As of 2024, the market size is estimated at USD 981.6 billion. It is projected to grow to USD 1,623.8 billion by 2033, at a compound annual growth rate (CAGR) of ~5.9% during 2025–2033.
