세계의 항공우주용 프라이즈 가공 부품 시장 : 재료별, 항공기 유형별, 애플리케이션별, 지역별, 기회, 예측(2018-2032년)

Global aerospace milled parts market is projected to witness a CAGR of 6.54% during the forecast period 2025-2032, growing from USD 27.23 billion in 2024 to USD 45.20 billion in 2032. The aerospace milled parts market is a sector within the aviation and space industries, which have a demand for lightweight, strong, precise components. Businesses in this area effectively utilize innovative materials like titanium, aluminum alloys, and composite materials to meet the most demanding performance and safety specifications. The market uses the best available CNC milling and machining technologies to manufacture components and produce complex part geometries within very high tolerances.

Several key drivers of growth in this market, include technological advancements in CNC and high-speed milling, modernization of existing defense systems, and increase in space exploration. The wealth of specialties in this market includes entry, mid-size, and specialist aerospace and defense manufacturers, OEM manufacturers, and specialist machining companies that all continue to improve processes through innovation and quality improvement. Additionally, with a greater focus on reducing waste and improving energy conservation, sustainability and efficiency are becoming more critical.

For instance, in February 2025, Cyient DLM Limited, a Hyderabad-based integrated electronics manufacturing services provider, signed a production contract with Boeing Global Services, LLC, a subsidiary of The Boeing Company, for manufacturing of precision-machined parts and assemblies. This agreement underscores Cyient DLM's NADCAP-certified capabilities in aerospace electronics and precision manufacturing, reinforcing its role in Boeing's global supply chain.

Technological Advancements in CNC and High-Speed Milling Enhance Market Growth

Aerospace milled parts are showing significant market growth across all aerospace sectors, including commercial aviation, defense, and the space sector. Multi-axis machining, together with AI operational efficiencies and adaptive tool paths, allows aerospace manufacturers to create precise, complex parts at a reduced time. The milling industry continues to experience rapid development through the use of diamond-coated and ceramic cutters, which extend tool life during machining of aerospace-grade titanium and composite material machining. Real-time equipment monitoring through the Internet of Things enhances predictive maintenance capabilities, reducing downtime, while hybrid manufacturing processes optimizes resource utilization across companies. Manufacturers leverage both high productivity and precision improvements to satisfy market demand because they provide economic advantages with sustainability benefits, together with high-performance, lightweight components.

For instance, in March 2025, Precision Aerospace Holdings, LLC, a Dallas-based aerospace and defense manufacturer, acquired Clearwater Engineering, Inc., a Kansas-based CNC machining and supply chain specialist, to expand its Midwest footprint. This marks Precision's fifth acquisition since its formation through CIC Partners and Juniper Capital Management, reinforcing its growth strategy in commercial, business jet, and defense markets.

Demand for Lightweight Structures and Fuel Efficiency Drives Aerospace Milling Innovation

A key driver for the global aerospace milled parts market is the increasing need for lightweight structures and more fuel-efficient aircraft. Climate change and related regulations, etc., have put pressure on the aviation industry to reduce weight, fuel consumption, and carbon emissions. Aircraft can become lighter, thereby increasing their fuel efficiency, through weight reduction and the use of advanced technology. Aerospace milled parts contribute to both non-structural and structural components significantly reducing the aircraft's weight significantly while maintaining strength and performance. The overall growth of the aerospace milled parts market is propelled in part by increased fuel-efficient aircraft that many manufacturers will expose to advanced material options and milling technology as priority applications to rethink how the weight of specific components will impact the overall performance of their products and contribute to fuel efficiency.

For instance, in July 2024, Fort Walton Machining, Inc., a precision manufacturing company based in Florida, showcased its Makino MAG3.EX 5-axis horizontal machining center, the first of its kind in the state. This advanced aerospace milling machine will improve productivity for complex aluminum parts with existing clients like Blue Origin while enabling the growth of more commercial work and defense contracts.

Structural Airframe Parts Emerges as Key Growth Engine for Aerospace Milled Parts

Structural airframe parts are the most significant driver for the aerospace milled parts market expansion. These parts, which include fuselage frames, wing spars, and bulkheads, are lightweight components that must be produced to specific tolerances and performance characteristics through precision milling. All these parts are currently being manufactured to comply with changes in materials and improved machining technologies that support efficient production as well as fuel efficiency and structural integrity. With the future of all aircraft programs requiring more complex load-bearing structures, the growing need and strategic importance of milled airframe components are apparent.

For instance, in May 2024, Precision Aerospace Holdings, LLC, an aerospace and defense producer in Dallas, received investment support from CIC Partners and Juniper Capital Management. Precision expanded its production abilities for precise manufacturing by acquiring the Owens Machine and Tool Company in Lewisville, Texas. Owens operates CNC machining equipment that produces titanium and nickel alloy components, which Precision uses to enhance its high-precision manufacturing capabilities.

North America Dominates the Aerospace Milled Parts Market

Global aerospace milled parts market experiences has highest share in North America due to its developed aviation infrastructure and cutting-edge manufacturing plants, along with its robust defense industry. The area boasts many skilled workers, while its research capabilities support both commercial aviation and military operations. The industry grows due to fleet upgrades, along with increasing aircraft production, as well as the use of lightweight materials to conserve fuel. The industry receives a boost from strategic investments in automation, as well as digital machining and sustainability practices. North America maintains its position as a central hub for precision-milled aerospace components by fostering cooperative relationships between OEMs and tiered suppliers, which drive innovation and operational resilience.

For instance, in February 2025, Bharat Forge Limited and Liebherr-Aerospace & Transportation SAS announced a strategic partnership to establish an advanced aerospace manufacturing facility in Pune, India, unveiled during Aero India 2025. The facility will feature a ring mill and precision machining technologies to produce high-accuracy components, including landing gear parts, supporting global aerospace demand.

Impact of U.S. Tariffs on Global Aerospace Milled Parts Market

U.S. tariffs on imported metals and aerospace components have created significant disturbances in the global aerospace milled parts market. The tariffs and trade restrictions on metals have increased raw material costs (particularly aluminum and steel), causing repercussions throughout the entire supply chain and increasing production costs.

Suppliers outside the U.S. have difficulties requalifying vendors, and domestic manufacturers face capacity issues and certification delays. The confusion surrounding tariffs and trade restrictions has also impacted investments in the advanced machining sector and innovation overall.

The tariffs not only increase costs for parts but can also lead to retaliatory tariffs from other countries, potentially making U.S.-manufactured aircraft and components more expensive in global markets.

Key Players Landscape and Outlook

Aerospace milled parts are characterized by a collaborative complexity of global manufacturers and specific suppliers focused on providing precision parts for critical aircraft structures and systems. Competition is highly dependent on new technology and trends towards automated machining, high-speed milling, and digital manufacturing solutions. Participants in the aerospace milled parts sector are improving the production of precision parts by utilizing newer materials and tolerancing restrictions, particularly with airframe structures and propulsion parts. The market outlook for the aerospace milled parts sector is positive, driven by demand for new aircraft, fleet renewal of efficient aircraft, and improving design standards.

For instance, in February 2023, GKN Aerospace Services Limited launched an expansion of its Chihuahua, Mexico, facility to support increased demand for business jet aerostructures, including advanced composite and metal assemblies. The site specializes in precision machining and complex structural components, aligning with the growing need for high-tolerance aerospace milled parts in regional and global markets.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customers

• 5.1. Respondent Demographics
• 5.2. Factors Considered in Purchase Decisions
• 5.3. Unmet Needs

6. Global Aerospace Milled Parts Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Material
    • 6.2.1.1. Titanium
    • 6.2.1.2. Aluminum
    • 6.2.1.3. Steel and Alloys
    • 6.2.1.4. Composites
    • 6.2.1.5. Others
  • 6.2.2. By Aircraft Type
    • 6.2.2.1. Narrow-Body
    • 6.2.2.2. Wide-Body
    • 6.2.2.3. Business Jets
    • 6.2.2.4. Others
  • 6.2.3. By Application
    • 6.2.3.1. Structural Airframe Parts
    • 6.2.3.2. Engine Components
    • 6.2.3.3. Interior Components
    • 6.2.3.4. Others
  • 6.2.4. By Region
    • 6.2.4.1. North America
    • 6.2.4.2. Europe
    • 6.2.4.3. Asia-Pacific
    • 6.2.4.4. South America
    • 6.2.4.5. Middle East and Africa
  • 6.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Material
  • 6.3.2. By Aircraft Type
  • 6.3.3. By Application
  • 6.3.4. By Region

7. North America Aerospace Milled Parts Market Outlook, 2018-2032F

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Material
    • 7.2.1.1. Titanium
    • 7.2.1.2. Aluminum
    • 7.2.1.3. Steel and Alloys
    • 7.2.1.4. Composites
    • 7.2.1.5. Others
  • 7.2.2. By Aircraft Type
    • 7.2.2.1. Narrow-Body
    • 7.2.2.2. Wide-Body
    • 7.2.2.3. Business Jets
    • 7.2.2.4. Others
  • 7.2.3. By Application
    • 7.2.3.1. Structural Airframe Parts
    • 7.2.3.2. Engine Components
    • 7.2.3.3. Interior Components
    • 7.2.3.4. Others
  • 7.2.4. By Country Share
    • 7.2.4.1. United States
    • 7.2.4.2. Canada
    • 7.2.4.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Aerospace Milled Parts Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Material
        • 7.3.1.2.1.1. Titanium
        • 7.3.1.2.1.2. Aluminum
        • 7.3.1.2.1.3. Steel and Alloys
        • 7.3.1.2.1.4. Composites
        • 7.3.1.2.1.5. Others
      • 7.3.1.2.2. By Aircraft Type
        • 7.3.1.2.2.1. Narrow-Body
        • 7.3.1.2.2.2. Wide-Body
        • 7.3.1.2.2.3. Business Jets
        • 7.3.1.2.2.4. Others
      • 7.3.1.2.3. By Application
        • 7.3.1.2.3.1. Structural Airframe Parts
        • 7.3.1.2.3.2. Engine Components
        • 7.3.1.2.3.3. Interior Components
        • 7.3.1.2.3.4. Others
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Aerospace Milled Parts Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Turkey
• 8.9. Poland

9. Asia-Pacific Aerospace Milled Parts Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Aerospace Milled Parts Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Aerospace Milled Parts Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Value Chain Analysis

13. Porter's Five Forces Analysis

14. PESTLE Analysis

15. Pricing Analysis

16. Market Dynamics

• 16.1. Market Drivers
• 16.2. Market Challenges

17. Market Trends and Developments

18. Case Studies

19. Competitive Landscape

• 19.1. Competition Matrix of Top 5 Market Leaders
• 19.2. SWOT Analysis for Top 5 Players
• 19.3. Key Players Landscape for Top 10 Market Players
  • 19.3.1. GKN Aerospace Services Limited
    • 19.3.1.1. Company Details
    • 19.3.1.2. Key Management Personnel
    • 19.3.1.3. Key Products Offered
    • 19.3.1.4. Key Financials (As Reported)
    • 19.3.1.5. Key Market Focus and Geographical Presence
    • 19.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisitions
  • 19.3.2. Aries Manufacturing Inc.
  • 19.3.3. Spirit AeroSystems Holdings, Inc.
  • 19.3.4. Precision Castparts Corp.
  • 19.3.5. Air Industries Group
  • 19.3.6. RBC Bearings Incorporated
  • 19.3.7. Senior Aerospace (a division of Senior plc)
  • 19.3.8. Magellan Aerospace Corporation
  • 19.3.9. Barnes Aerospace (a business unit of Barnes Group Inc.)
  • 19.3.10. Tect Aerospace Group

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

20. Strategic Recommendations

21. About Us and Disclaimer