The aerospace parts manufacturing market reached US$ 910 billion in 2023, and it is anticipated to grow at a 3.6% CAGR through 2033. The market for manufacturing aeroplane parts is expected to surpass $1 trillion and reach US$ 1,297 billion by the end of 2033.
Air travel has been the most popular means of transportation worldwide in recent years due to its rising popularity. An increase in air travel is expected to be the main factor driving the market for aerospace parts, as there is a strong need for aircraft production.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4552?AS
Key Pioneers
- Safran Group
- GE Aviation
- Diehl Aviation
- Boeing
- Intrex Aerospace
- Lufthansa Technik AG
- Honeywell International Inc.
- Liebherr International AG
- Thales Group
- Dassault Group
- Textron Inc.
- Raytheon Technologies Corp.
- Rolls Royce plc
- CAMAR Aircraft Parts Company
- Parker Hannifin Corp.
- Mitsubishi Heavy Industries Ltd.
Key Driving Factors
- The transition in the aviation industry towards the adoption of lightweight, new generation parts is a key driver.
- Increasing scope for material and process advancements by manufacturers to widen investment opportunities.
- Replacement of end-of-life aircraft with modern counterparts will sustain growth.
- Rising fuel costs and demand for energy-efficient aircraft will be a major growth driver.
Competitive Landscape
Top aerospace parts manufacturing companies are focusing on collaborations and partnerships to expand their business scope and bolster manufacturing capacity to maximize profits.
- In October 2022, Boeing India, the Indian arm of the world-renowned aircraft manufacturer, and Mishra Dhatu Nigam Limited (MIDHANI), an Indian government-run organization announced that they were working together to develop raw materials for aerospace components in India.
“The industry will witness a hike in demand for energy-efficient components. Market players will also witness a rise in demand for parts of old-aircraft models along with new lightweight counterparts. Technology and material science innovations will play a key role in shaping up the market,” opines Fact.MR in its new research study.
Key Segments :
- By Product Type :
- Engines
- Aircraft Manufacturing
- Cabin Interiors
- Equipment, Systems, & Support
- Avionics
- Insulation Components
- By Aircraft Type :
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
- Other Aircraft
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?
Share Your Requirements & Get Customized Reports:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4552?AS
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Email : sales@factmr.com