April 16, 2024

Aerospace Parts Manufacturing Market Size, Growth Report By 2033

The aerospace parts manufacturing market size is poised to grow by USD 2.07  billion by 2033 from USD 1.36 billion in 2023, exhibiting a CAGR of 4.29% during the forecast period 2024-2033.

Key Points

  • North America contributed the largest share of 52% in 2023.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
  • By product, the aircraft manufacturing segment has held the largest market share of 52% in 2023.
  • By product, the avionics segment is anticipated to grow at a remarkable CAGR during the forecast period.
  • By end-use, the commercial segment generated the largest share of 51% in 2023.
  • By end-use, the business segment is expected to expand at the fastest CAGR over the projected period.

Aerospace Parts Manufacturing Market Size 2024 to 2033

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Aerospace parts manufacturing market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Aerospace parts manufacturing Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

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Aerospace Parts Manufacturing Market Scope

Report Coverage Details
Global Market Size in 2023 USD 1.36 Billion
Global Market Size by 2033 USD 2.07 Billion
U.S. Market Size in 2023 USD 500  Million
U.S. Market Size by 2033 USD 750  Million
Growth Rate from 2024 to 2033 CAGR of 4.29%
Base Year 2023
Segments Covered By Product and By End-use
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Antibody Therapy Market Size to Attain USD 737.59 Bn by 2033

The empirical study on the global Aerospace parts manufacturing market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Aerospace parts manufacturing Market. Our market report for the Aerospace parts manufacturing market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

Aerospace Parts Manufacturing Market Companies

  • Boeing
  • Airbus
  • General Electric (GE Aviation)
  • Lockheed Martin
  • United Technologies Corporation (UTC Aerospace Systems)
  • Honeywell Aerospace
  • Safran
  • Northrop Grumman
  • Raytheon Technologies
  • BAE Systems
  • Rolls-Royce Holdings
  • Thales Group
  • Spirit AeroSystems
  • Bombardier Aerospace
  • Leonardo S.p.A.

Data Sources and Methodology

To gather comprehensive insights on the Global Aerospace parts manufacturing Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Aerospace parts manufacturing Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Aerospace parts manufacturing market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2024 to 2033.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Product

  • Engines
  • Aerostructure
  • Cabin Interiors
  • Equipment, System, and Support
  • Avionics
  • Insulation Components

By End-use

  • Commercial Aircraft
  • Business Aircraft
  • Military Aircraft
  • Other

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Aerospace parts manufacturing market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Aerospace parts manufacturing market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Aerospace parts manufacturing market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Aerospace parts manufacturing market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Aerospace Parts Manufacturing Market 

5.1. COVID-19 Landscape: Aerospace Parts Manufacturing Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Aerospace Parts Manufacturing Market, By Product

8.1. Aerospace Parts Manufacturing Market Revenue and Volume, by Product, 2024-2033

8.1.1. Engines

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Aerostructure

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Cabin Interiors

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Equipment, System, and Support

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

8.1.5. Avionics

8.1.5.1. Market Revenue and Volume Forecast (2021-2033)

8.1.5. Insulation Components

8.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Aerospace Parts Manufacturing Market, By End-use

9.1. Aerospace Parts Manufacturing Market Revenue and Volume, by End-use, 2024-2033

9.1.1. Commercial Aircraft

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Business Aircraft

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Military Aircraft

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Other

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Aerospace Parts Manufacturing Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.1.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.1.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.1.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.2.6.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.3.6.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.4.6.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.5.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

10.5.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

Chapter 11. Company Profiles

11.1. Boeing

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Airbus

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. General Electric

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Lockheed Martin

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. United Technologies Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Honeywell Aerospace

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Safran

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Northrop Grumman

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Raytheon Technologies

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. BAE Systems

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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