“Aerospace Parts Manufacturing Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aerospace parts manufacturing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for aerospace parts manufacturing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aerospace parts manufacturing market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Product: Engines; Aerostructure; Cabin Interiors; Equipment, Systemand Support; Avionics; Insulation Components
- 2) By Application: Interior; Propulsion Systems
- 3) By End Use: Commercial Aircraft; Business Aircraft; Military Aircraft; Other Uses
- Companies Mentioned: Jamco Corporation; Intrex Aerospace; Rolls Royce Plc.; CAMAR Aircraft Parts Company; Safran S.A.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the aerospace parts manufacturing market are Jamco Corporation, Intrex Aerospace, Rolls Royce Plc., CAMAR Aircraft Parts Company, Safran S.A., Woodward Inc., Eaton Corporation Plc., GE Aviation, Dassault Systems SE, Airbus SAS, Lycoming Engines, Aequs Private Limited, Aero Engineering & Manufacturing Co., Engineered Propulsion System Inc. and Triumph Group.
The global aerospace parts manufacturing market is expected to grow from $903.18 billion in 2022 to $938.40 billion in 2023 at a compound annual growth rate (CAGR) of 3.90%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity pricesand supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace parts manufacturing market is expected to reach $1,124.34 billion in 2027 at a CAGR of 4.62%.
The aerospace parts manufacturing market includes revenues earned by rubber pad forming and hydroforming. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Aerospace parts manufacturing refers to the production of aircraft engines, propulsion systems, auxiliary equipmentand their parts. They are engaged in the manufacture, development, sale, testingand maintenance of airplanes. They are used for manufacturing aerospace components required for building an aircraft.
North America was the largest region in the aerospace parts manufacturing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major products involved in aerospace parts manufacturing are engines, aerostructure, cabin interiors, equipment, systemsand support, avionicsand insulation components. An engine is a device that transforms fuel energy into mechanical energy, hence generating motion. Major applications involved are interior and propulsion systems, which are used by several end users, such as commercial aircraft, business aircraft, military aircraftand others.
A rise in passenger traffic is expected to propel the aerospace parts manufacturing market going forward. The total number of passengers using the airport, including those boarding and disembarking aircraft, is referred to as passenger traffic. It was calculated as the number of passenger miles traveled divided by the total distance traveled during that time. The increase in passenger traffic every year will require the production of more aircraft, which will require increased manufacturing of aerospace parts. The rise in passenger traffic will propel market growth. For instance, in August 2022, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, international air traffic increased by 229.5% in 2022 compared to 2021and further, total air traffic increased by 76.2% in 2022. Therefore, the rise in passenger traffic is driving the aerospace parts manufacturing market.
Technological advancements are a key trend gaining popularity in the aerospace parts manufacturing market. Major companies operating in the aerospace parts manufacturing market are focused on developing new technological solutions to strengthen their position. For instance, in January 2023, Plataine Ltd., an Israel-based provider of AI-based manufacturing optimization solutions, launched the 'FabricOptimizer' solution, a new AI-based solution with a nesting around defect solution. It is uniquely designed with AI-based technology that enables the manufacturers to automatically select various options and material quantities, which creates the most optimized cut plan for specific kits. It helps in aerospace manufacturing by addressing supply chain and workforce challenges through full process automation and maximizing material utilization. It helps in reducing errors, reworkand material waste, which leads to continuous process improvement.
In August 2022, Trelleborg Group, a Sweden-based global provider of engineered polymer solutions for aerospace, acquired MG Silikon GmbH for an undisclosed amount. Through this acquisition, combined resources with MG's are expected to strengthen and expand Trelleborg's position in the aerospace industry and increase the production capacity of airframe seals. This acquisition is expected to enable Trelleborg to expand its offering of silicone-based sealing solutions for cabin interiors. MG Silikon GmbH is a Germany-based company that specializes in the production of aviation and industrial application components and sealing solutions.
The countries covered in the aerospace parts manufacturing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The aerospace parts manufacturing market research report is one of a series of new reports from The Business Research Company that provides aerospace parts manufacturing market statistics, including aerospace parts manufacturing industry global market size, regional shares, competitors with a aerospace parts manufacturing market share, detailed aerospace parts manufacturing market segments, market trends and opportunitiesand any further data you may need to thrive in the aerospace parts manufacturing industry. This aerospace parts manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Aerospace Parts Manufacturing Market Characteristics
3. Aerospace Parts Manufacturing Market Trends And Strategies
4. Aerospace Parts Manufacturing Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Aerospace Parts Manufacturing Market
- 4.2. Ukraine-Russia War Impact On Aerospace Parts Manufacturing Market
- 4.3. Impact Of High Inflation On Aerospace Parts Manufacturing Market
5. Aerospace Parts Manufacturing Market Size And Growth
- 5.1. Global Aerospace Parts Manufacturing Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Aerospace Parts Manufacturing Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Aerospace Parts Manufacturing Market Segmentation
- 6.1. Global Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Engines
- Aerostructure
- Cabin Interiors
- Equipment, Systemand Support
- Avionics
- Insulation Components
- 6.2. Global Aerospace Parts Manufacturing Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Interior
- Propulsion Systems
- 6.3. Global Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
- Other Uses
7. Aerospace Parts Manufacturing Market Regional And Country Analysis
- 7.1. Global Aerospace Parts Manufacturing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Aerospace Parts Manufacturing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Aerospace Parts Manufacturing Market
- 8.1. Asia-Pacific Aerospace Parts Manufacturing Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Aerospace Parts Manufacturing Market
- 9.1. China Aerospace Parts Manufacturing Market Overview
- 9.2. China Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Aerospace Parts Manufacturing Market
- 10.1. India Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Aerospace Parts Manufacturing Market
- 11.1. Japan Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Aerospace Parts Manufacturing Market
- 12.1. Australia Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Aerospace Parts Manufacturing Market
- 13.1. Indonesia Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Aerospace Parts Manufacturing Market
- 14.1. South Korea Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Aerospace Parts Manufacturing Market
- 15.1. Western Europe Aerospace Parts Manufacturing Market Overview
- 15.2. Western Europe Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Aerospace Parts Manufacturing Market
- 16.1. UK Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Aerospace Parts Manufacturing Market
- 17.1. Germany Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Aerospace Parts Manufacturing Market
- 18.1. France Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Aerospace Parts Manufacturing Market
- 19.1. Eastern Europe Aerospace Parts Manufacturing Market Overview
- 19.2. Eastern Europe Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Aerospace Parts Manufacturing Market
- 20.1. Russia Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Aerospace Parts Manufacturing Market
- 21.1. North America Aerospace Parts Manufacturing Market Overview
- 21.2. North America Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Aerospace Parts Manufacturing Market
- 22.1. USA Aerospace Parts Manufacturing Market Overview
- 22.2. USA Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Aerospace Parts Manufacturing Market
- 23.1. South America Aerospace Parts Manufacturing Market Overview
- 23.2. South America Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Aerospace Parts Manufacturing Market
- 24.1. Brazil Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Aerospace Parts Manufacturing Market
- 25.1. Middle East Aerospace Parts Manufacturing Market Overview
- 25.2. Middle East Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Aerospace Parts Manufacturing Market
- 26.1. Africa Aerospace Parts Manufacturing Market Overview
- 26.2. Africa Aerospace Parts Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Aerospace Parts Manufacturing Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Aerospace Parts Manufacturing Market Competitive Landscape And Company Profiles
- 27.1. Aerospace Parts Manufacturing Market Competitive Landscape
- 27.2. Aerospace Parts Manufacturing Market Company Profiles
- 27.2.1. Jamco Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Intrex Aerospace
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Rolls Royce Plc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. CAMAR Aircraft Parts Company
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Safran S.A.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Aerospace Parts Manufacturing Market
29. Aerospace Parts Manufacturing Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer