The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Aerospace Parts Manufacturing Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Aerospace Parts Manufacturing Industry Analytical Overview (2025-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2025 to 2030.
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What is Included in Aerospace Parts Manufacturing Market Segmentation?
The report has segmented the market into the following categories:
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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Factor Driver Aerospace Parts Manufacturing Industry Growth by 2030
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.
Who are the Key Players Operating in the Aerospace Parts Manufacturing Industry?
The top companies of the Aerospace Parts Manufacturing market ruling the industry are:
- 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
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Aerospace Parts Manufacturing Market?
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- Which geographical area dominates the Aerospace Parts Manufacturing industry?
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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