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Global Aerospace Parts Manufacturing Market to reach USD 1880.46 billion by the end of 2030

Global Aerospace Parts Manufacturing Market Size study & Forecast, by Product Type(Engines, Cabin Interiors, Aerostructure, Equipment, System, and Support, Avionics, Insulation Components ) by End User (Commercial Aircraft, Business Aircraft, Military Aircraft, Others) and Regional Analysis, 2023-2030

Product Code: ALTAWT-49165788
Publish Date: 20-05-2023
Page: 200

Global Aerospace Parts Manufacturing Market is valued approximately USD 930 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.20% over the forecast period 2023-2030. The process of developing, producing, and assembling the parts used in the building of aerospace vehicles, such as aircraft, helicopters, spaceships, and missiles, is aerospace parts manufacturing. This covers the production of a variety of parts, including landing gear, wings, engines, and fuselages. To ensure superior quality, dependability, and safety throughout the manufacturing of aerospace parts, specialized materials, fine machinery, and cutting-edge technologies are used. Several steps make up the manufacturing process, including design, engineering, prototyping, testing, and production. The Aerospace Parts Manufacturing market is expanding because of factors such as Increasing demand for commercial aircraft, Growth in need for military aircraft and increase in demand for lightweight & durable aerospace components.

Rising sales of aircraft across the globe is fostering market growth. For instance, according to data provided by Stratus Jet Charters, there are around 21,979 operational private aircraft worldwide in 2019. In 2019, over 71% of private aircraft were in North America, and 13% were located in Europe. Between 2020 and 2029, 6,362 aircraft jets are expected to be sold for a total of USD 217.5 billion. In addition, it is expected that 7,300 new private aircraft would be sold between 2021 and 2030, with a price tag of over USD 235 billion. Additionally, industry contracts and agreements are spurring production of commercial and defense aircraft. For instance, in August 2022, the Boeing Company received a revision (P00215) to the contract for KC-46A Air Force Production Lot 8 aircraft, subscriptions, and licenses. This also includes an additional 15 KC-46A aircraft. 100% of the contract’s foreign military sales to Israel are for the sum of USD 886,242,124. Thus, the rising number of contracts for manufacturing of aircraft is propelling the market growth. However, the high cost of Aerospace Parts Manufacturing and limited regulatory infrastructure stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Aerospace Parts Manufacturing Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, rising number of aircraft manufacturing contracts, rising government support to aircraft manufacturing industry. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising aerospace industry, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market player included in this report are:
Boeing Company
Dassault Aviation SA
Honeywell International Inc
Lockheed Martin Corporation
Safran S.A
Thales Group
General Electric
Lufthansa Technik
Rolls-Royce plc
Parker Hannifin Corp

Recent Developments in the Market:
Ø In January 2023, The National Science Foundation recently awarded Advisory Aerospace OSC, a start-up, a grant of $1 million as part of initiatives to boost American manufacturing capability.
Ø In March 2022, Los Angeles-based Hadrian Automation, a start-up that makes machined parts, revealed that it has raised US$ 90 million in a fresh round of financing headed by Andreessen Horowitz and Lux Capital. The business specialises in constructing automated factories to completely transform the aerospace supply chain.

Global Aerospace Parts Manufacturing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Cabin Interiors
Equipment, System, and Support
Insulation Components

By End User:
Commercial Aircraft
Business Aircraft
Military Aircraft

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Aerospace Parts Manufacturing Market, by Region, 2020-2030 (USD Billion)
1.2.2. Aerospace Parts Manufacturing Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Aerospace Parts Manufacturing Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Aerospace Parts Manufacturing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Aerospace Parts Manufacturing Market Dynamics
3.1. Aerospace Parts Manufacturing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for commercial aircraft Growth in need for military aircraft Increase in demand for lightweight & durable aerospace components
3.1.2. Market Challenges High Cost of Aerospace Parts Manufacturing Limited regulatory infrastructure
3.1.3. Market Opportunities Increase in adoption of 3D printing in aircraft manufacturing supportive government initiatives to promote advancements in the aerospace industry
Chapter 4. Global Aerospace Parts Manufacturing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Aerospace Parts Manufacturing Market, by Product Type
5.1. Market Snapshot
5.2. Global Aerospace Parts Manufacturing Market by Product Type, Performance – Potential Analysis
5.3. Global Aerospace Parts Manufacturing Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Aerospace Parts Manufacturing Market, Sub Segment Analysis
5.4.1. Engines
5.4.2. Cabin Interiors
5.4.3. Aerostructure
5.4.4. Equipment, System, and Support
5.4.5. Avionics
5.4.6. Insulation Components
Chapter 6. Global Aerospace Parts Manufacturing Market, by End User
6.1. Market Snapshot
6.2. Global Aerospace Parts Manufacturing Market by End User, Performance – Potential Analysis
6.3. Global Aerospace Parts Manufacturing Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Aerospace Parts Manufacturing Market, Sub Segment Analysis
6.4.1. Commercial Aircraft
6.4.2. Business Aircraft
6.4.3. Military Aircraft
6.4.4. Others
Chapter 7. Global Aerospace Parts Manufacturing Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Aerospace Parts Manufacturing Market, Regional Market Snapshot
7.4. North America Aerospace Parts Manufacturing Market
7.4.1. U.S. Aerospace Parts Manufacturing Market Product Type breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Aerospace Parts Manufacturing Market
7.5. Europe Aerospace Parts Manufacturing Market Snapshot
7.5.1. U.K. Aerospace Parts Manufacturing Market
7.5.2. Germany Aerospace Parts Manufacturing Market
7.5.3. France Aerospace Parts Manufacturing Market
7.5.4. Spain Aerospace Parts Manufacturing Market
7.5.5. Italy Aerospace Parts Manufacturing Market
7.5.6. Rest of Europe Aerospace Parts Manufacturing Market
7.6. Asia-Pacific Aerospace Parts Manufacturing Market Snapshot
7.6.1. China Aerospace Parts Manufacturing Market
7.6.2. India Aerospace Parts Manufacturing Market
7.6.3. Japan Aerospace Parts Manufacturing Market
7.6.4. Australia Aerospace Parts Manufacturing Market
7.6.5. South Korea Aerospace Parts Manufacturing Market
7.6.6. Rest of Asia Pacific Aerospace Parts Manufacturing Market
7.7. Latin America Aerospace Parts Manufacturing Market Snapshot
7.7.1. Brazil Aerospace Parts Manufacturing Market
7.7.2. Mexico Aerospace Parts Manufacturing Market
7.8. Middle East & Africa Aerospace Parts Manufacturing Market
7.8.1. Saudi Arabia Aerospace Parts Manufacturing Market
7.8.2. South Africa Aerospace Parts Manufacturing Market
7.8.3. Rest of Middle East & Africa Aerospace Parts Manufacturing Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Boeing Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Dassault Aviation SA
8.3.3. Honeywell International Inc
8.3.4. Lockheed Martin Corporation
8.3.5. Safran S.A
8.3.6. Thales Group
8.3.7. General Electric
8.3.8. Lufthansa Technik
8.3.9. Rolls-Royce plc
8.3.10. Parker Hannifin Corp
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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