Global Aerospace Parts Manufacturing Market: Industrial Analysis and Forecast (2020-2026), By Product, End Use and Region

Global Aerospace Parts Manufacturing Market was valued $907.2 Bn in 2019 and is expected to reach $xx Bn by 2026, at a CAGR of xx% during the forecast period.

Global Aerospace Parts Manufacturing Market Introduction

Aerospace is a discipline of science and technology that is concerned with both aviation and space travel. The increased pace of fleet replacement is likely to boost aircraft manufacturing, propelling the industry forward. Furthermore, rising emphasis on reducing total aircraft weight via the use of lightweight parts in order to increase energy efficiency is expected to boost the market growth.

Global Aerospace Parts Manufacturing Market Dynamics

Rising energy expenses, which make for a large portion of commercial airline operations, are driving the replacement of in-service aged aircraft with fuel-efficient aircraft. Furthermore, rising emphasis on reducing total aircraft weight via the use of lightweight parts in order to increase energy efficiency is projected to boost the market growth. Because of its existing aircraft manufacturing base and considerable potential for aerospace Maintenance, Repair, and Overhaul (MRO) operations, the United States has the biggest market for aviation components manufacture. Advanced technical capabilities, along with airworthiness for the manufacturing of high-quality items, such as crucial aircraft parts like wings and fuselage are also projected to propel the market growth. Tier 1 suppliers, such as systems and significant structural manufacturers that work on aviation engines, turbines, jets, and engine propulsion systems are under a lot of pressure from Original Equipment Manufacturers (OEMs). As the result, the industry is becoming increasingly consolidated at tier 1 of the supply chain, as a result of increased mergers and acquisitions to reduce supply chain complexity. On account of improvements in terms of performance and cost-efficiency of the end-use structure, the market has seen an inclination toward the incorporation of lightweight materials for aerospace parts manufacturing. Because of its greater corrosion resistance and ability to keep strength at high temperatures, industry participants are favoring lightweight aluminum alloys. In terms of product quality and design, participants in the aircraft parts manufacturing market confront stiff competition. To stay in the market, they are focusing on clients that have specific requirements. Major players are anticipated to use new technologies like additive manufacturing to replace traditional production processes for smaller aircraft components with complicated structures.

Global Aerospace Parts Manufacturing Market Segment Analysis

Due to the rapid replacement rate of the products, the insulation components segment was valued at USD 22.3 billion in 2019 and is expected to grow at the fastest CAGR of 6.3% over the forecast period. Over the forecast period, rising aircraft MRO operations, owing to the increasing aircraft fleet, are expected to drive demand for these components. Increased use of composites in fuselage manufacturing to reduce fatigue maintenance in high tension loaded environments is expected to lower overall aero-structure costs, positively impacting the market. In 2019, the category led the market, and this trend is projected to continue in the future. Avionics production is predicted to increase in lockstep with aircraft production, as they are meant to improve an aircraft's safety and utility. Actuators make up a large portion of the avionics industry since they are employed in all of an aircraft's systems, including the oxygen, air, hydraulic, fuel, and water systems. Actuators can also be found in flaps, landing gear, and armament systems. With a value of USD 467.4 billion in 2019, commercial aircraft led the aerospace components manufacturing market in 2019. Because of the increase in passenger and freight traffic, this category is expected to have the largest demand. Over the projection period, the industry is likely to rise due to rising demand for cargo services and increased global trade links. Due to cheap pricing and growth in the size of the aircraft, demand for business aircraft is expected to grow. Air travel takes less time than other types of transportation, hence business planes are expected to enhance productivity. Over the forecast period, this is likely to enhance demand for business aircraft, benefiting growth. Global Aerospace Parts Manufacturing Market To know about the Research Methodology :- Request Free Sample Report

Global Aerospace Parts Manufacturing Market Regional Insights

Global Aerospace Parts Manufacturing Market 1 Because of the existence of significant aviation components manufacturers as well as a large aircraft manufacturing sector in the area, North America accounted for more than half of total sales in 2019. Over the forecast period, rising demand for new-generation aircraft is predicted to promote regional growth. Because of the growing trend of replacing obsolete landing gear with sophisticated systems, the aerospace parts manufacturing industry in the United States is characterized by rising demand for landing gear and other support components. Furthermore, demand for fixed-wing aircraft is expected to increase in the United States. Due to the rapid expansion of the aviation sector in the area, which is increasing the growth of the maintenance, repair, and overhaul service market, Asia Pacific is expected to be the fastest-growing market, with a CAGR of 6.7% over the forecast period. Because of the consistency of R&D expenditures in the aerospace and military sectors in Europe, the area is expected to grow steadily. The market also has a cutting-edge research method that is very inventive. Over the forecast period, the rapid increase in the production of cabin interior components is expected to drive regional market growth.

Global Aerospace Parts Manufacturing Market Report Scope: Inquire before buying

Global Aerospace Parts Manufacturing Market 2

Global Aerospace Parts Manufacturing Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Aerospace Parts Manufacturing Market Key Players

• Dassault Systems • Rolls Royce Plc • Lycoming Engines • JAMCO Corporation • Eaton Corporation plc • Intrex Aerospace • Sumitomo Precision Products Co. Ltd. • CAMAR Aircraft Parts Company • Bridgestone Corporation • Safran Group • Curtis-Wright Corporation • Woodward Inc. • Triumph Group • Eaton Corporation Plc • Premium Aerotech • Zodiac Aerospace
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Aerospace Parts Manufacturing Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Aerospace Parts Manufacturing Market 3.4. Geographical Snapshot of the Aerospace Parts Manufacturing Market, By Manufacturer share 4. Global Aerospace Parts Manufacturing Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Aerospace Parts Manufacturing Market 5. Supply Side and Demand Side Indicators 6. Global Aerospace Parts Manufacturing Market Analysis and Forecast, 2019-2026 6.1. Global Aerospace Parts Manufacturing Market Size & Y-o-Y Growth Analysis. 7. Global Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 7.1.1. Engines 7.1.2. Aircraft Manufacturing 7.1.3. Cabin Interiors 7.1.4. Equipment, System, and Support 7.1.5. Avionics 7.1.6. Insulation Components 7.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 7.2.1. Commercial Aircraft 7.2.2. Business Aircraft 7.2.3. Military Aircraft 7.2.4. Other Aircraft 8. Global Aerospace Parts Manufacturing Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 9.1.1. Engines 9.1.2. Aircraft Manufacturing 9.1.3. Cabin Interiors 9.1.4. Equipment, System, and Support 9.1.5. Avionics 9.1.6. Insulation Components 9.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 9.2.1. Commercial Aircraft 9.2.2. Business Aircraft 9.2.3. Military Aircraft 9.2.4. Other Aircraft 10. North America Aerospace Parts Manufacturing Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 12. Canada Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 13. Mexico Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 14. Europe Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 15. Europe Aerospace Parts Manufacturing Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 17. France Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 18. Germany Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 19. Italy Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 20. Spain Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 21. Sweden Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 22. CIS Countries Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 23. Rest of Europe Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 24. Asia Pacific Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 25. Asia Pacific Aerospace Parts Manufacturing Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 27. India Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 28. Japan Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 29. South Korea Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 30. Australia Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 31. ASEAN Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 32. Rest of Asia Pacific Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 33. Middle East Africa Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 34. Middle East Africa Aerospace Parts Manufacturing Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 36. GCC Countries Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 37. Egypt Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 38. Nigeria Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 39. Rest of ME&A Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 40. South America Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 41. South America Aerospace Parts Manufacturing Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 43. Argentina Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 44. Rest of South America Aerospace Parts Manufacturing Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By End User, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Aerospace Parts Manufacturing Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Dassault Systems 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Rolls Royce Plc 45.3.3. Lycoming Engines 45.3.4. JAMCO Corporation 45.3.5. Eaton Corporation plc 45.3.6. Intrex Aerospace 45.3.7. Sumitomo Precision Products Co. Ltd. 45.3.8. CAMAR Aircraft Parts Company 45.3.9. Bridgestone Corporation 45.3.10. Safran Group 45.3.11. Curtis-Wright Corporation 45.3.12. Woodward Inc. 45.3.13. Triumph Group 45.3.14. Eaton Corporation Plc 45.3.15. Premium Aerotech 45.3.16. Zodiac Aerospace 45.3.17. Other Key Players 46. Primary Key Insights

About This Report

Report ID106449
Category Engineering Equipment
Published DateJune 2021
Updated Date
Contact Us