Aerospace Parts Manufacturing market size & insights
As per recent study by Markntel Advisors The Global Aerospace Parts Manufacturing Market size was valued at around USD 936 billion in 2024 and is projected to reach USD 1,200 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30.
What are the key dros in the Aerospace Parts Manufacturing market?
Increasing Air Travel – The number of people traveling by plane is continuously growing, mainly in emerging countries such as India, China, Brazil, etc. For instance, the number of passengers traveling in a single day through flights in India has crossed half a million number for the first time in November 2024, and that too in the non-festive season. To meet the increasing demand for air travel and stay competitive, the airline industry has to increase the number of commercial aircraft in their service. As a result, it creates a high demand for various parts that are used in the manufacturing of aircraft such as engines, communication & navigation devices, etc. For instance;
· SpiceJet will add 10 new commercial planes to its service by the end of 2024.
Moreover, increasing air travel correlates to the high flying time of planes, as a result, the need for regular aircraft checkups and repairs also increases which further increases the demand for aircraft parts. Therefore, due to the increasing air travel, the demand for plane parts has increased over time, and this trend is expected to continue in the coming years as well.
What are the key segments in the Aerospace Parts Manufacturing market?
The Aerospace Parts Manufacturing is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Product
- Engine- Market Size & Forecast 2020-2030, USD Million
- Aero structure- Market Size & Forecast 2020-2030, USD Million
- Cabin Interiors- Market Size & Forecast 2020-2030, USD Million
- Avionics- Market Size & Forecast 2020-2030, USD Million
- Insulation Components- Market Size & Forecast 2020-2030, USD Million
- Other Ancillary Equipment - Market Size & Forecast 2020-2030, USD Million
- By End User
- Commercial Aircraft- Market Size & Forecast 2020-2030, USD Million
- Business Aircraft- Market Size & Forecast 2020-2030, USD Million
- Military Aircraft- Market Size & Forecast 2020-2030, USD Million
- Space Rocket- Market Size & Forecast 2020-2030, USD Million
- Others (Training Aircrafts, Satellite, etc.)- Market Size & Forecast 2020-2030, USD Million
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How does geographical analysis highlight in the Aerospace Parts Manufacturing market?
By Region
· North America
· South America
· Europe
· The Middle East & Africa
· Asia-Pacific
Who are the key players in Aerospace Parts Manufacturing market?
- Boeing
- Airbus
- Derco
- RTX
- Northrop Grumman
- General Electric Aerospace
- Honeywell
- Rolls Royce PLC
- Safran
- Thales Group
- Collins Aerospace
- L3Harris Technologies
- MTU Aero Engines
- Intrex Aerospace
- BAE Systems
- Others
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Aerospace Parts Manufacturing industry recent development:
- 2024: Lockheed Martin parent company of Derco expanded their production facility in Texas. This expansion aimed to increase the production of various reliable parts using 3D printing or additive manufacturing.
- 2024: Honeywell announced an investment of around USD 84 million for the expansion of its Kansas Aerospace Manufacturing Facility. This expansion aimed to develop its supply chain by increasing the production of next-generation avionics and printed circuit board assemblies.
Key pillars of the research methodology include:
· Scope & research design – clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
· Sample selection & data collection – representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
· Data analysis & validation – rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
· Forecasting & finalization – predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
"our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for markntel advisors.
Why this markntel advisors research report:
- In-depth market analysis: understand trends and dynamics shaping growth.
- Segmented insights: target specific segments for focused strategies.
- Geographical performance: assess market opportunities by geographic area.
- Emerging technologies: discover advancements like ai integration.
- Risk identification: pinpoint challenges to inform strategic planning.
- Future forecasts: prepare for market changes with actionable projections.
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Our trusted experts are here to help:
MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.
MarkNtel Advisors is a globally recognized market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. Our studies provide global, regional, and country-level intelligence, helping clients assess modernization programs, procurement dynamics, and emerging defense technologies. Built on rigorous primary research, data modeling, and trend calibration, our insights empower stakeholders to anticipate technological shifts and evaluate long-term capability investments. Clients rely on our intelligence for competitive benchmarking, market entry, and defense readiness planning across 80+ countries. Through our Consulting Services, we translate complex data into strategic roadmaps, enabling defense contractors, policymakers, and OEMs to strengthen operational resilience and maintain a strategic edge in evolving defense ecosystems.
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