Aerospace Parts Manufacturing Market Report 2025 (Global Edition)

Global Aerospace Parts Manufacturing Market Report 2025 Market Size Split by Product Type (Engines, Aircraft Manufacturing, Cabin Interiors, Equipment Safety & Support, Avionics, Insulation Components...

Aerospace Parts Manufacturing Market Report Description

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Competitive Landscape of the Aerospace Parts Manufacturing Market

The major players continuously innovate and invest in research and development to maintain market dominance. The market also sees the participation of numerous regional and niche players, contributing to a dynamic and competitive landscape.

Aerospace Parts Manufacturing Industry News

• December 2021: Intrex Aerospace partnered with Eaton and UTC Aerospace to develop a new business strategy to withhold the aerospace parts market.

(Source: www.intrexcorp.com/new-product-launch/)

Top Companies Market Share in Aerospace Parts Manufacturing Industry: (In no particular order of Rank)

• JAMCO Corporation
• Intrex Aerospace
• Rolls Royce plc
• CAMAR Aircraft Parts Company
• Safran Group
• Woodward Inc.
• Engineered Propulsion System
• Eaton Corporation plc
• Aequs
• Aero Engineering & Manufacturing Co.
• GE Aviation
• Lycoming Engines
• Pratt & Whitney
• Superior Air Parts Inc.
• MTU Aero Engines AG
• Honeywell International Inc.
• Xiamen Xiangyuxinghong Technologies Co. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North America Aerospace Parts Manufacturing Market share was 48% of the total market

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 48% of the global revenue, owing to the region's robust aerospace sector with major companies like Boeing and Lockheed Martin. The United States, in particular, is a hub for aerospace innovation, research, and production. The North American market benefits from extensive government investments in defense and space exploration. Technological advancements, a skilled workforce, and strategic collaborations contribute to the region's competitive edge. Additionally, a strong emphasis on research and development further propels North America's aerospace parts manufacturing capabilities. Overall, the region is pivotal in shaping the global aerospace industry landscape.

Europe is the fastest-growing category due to its technological advancements and increasing demand for aircraft components. Key players in countries like Germany, France, and the United Kingdom contribute significantly to the region's market share. The European aerospace industry benefits from a skilled workforce and a strong emphasis on innovation. Collaborations between manufacturers, research institutions, and government agencies enhance competitiveness. Stringent safety regulations and a focus on sustainability drive advancements in materials and manufacturing processes. The region's well-established aerospace infrastructure and strategic partnerships position Europe as a major global aerospace parts manufacturing market player, fostering continued growth and innovation.

The current report Scope analyzes Aerospace Parts Manufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Aerospace Parts Manufacturing Market

According to Cognitive Market Research, the global Aerospace Parts Manufacturing market size was projected at USD 925.5 billion, out of which North America held the major market of more than 48% of the global revenue with a market size of USD 444.24 billion in 2023 and will extend at a compound annual growth rate (CAGR) of 3.3% from 2023 to 2030, owing to the region’s rising demand for advanced aircraft, technological innovations, and increasing defense budgets. North America's prominent role in aerospace innovation and strong military and commercial aviation sectors propel market growth. Additionally, stringent safety regulations and the need for lightweight, fuel-efficient components contribute to sustained market expansion in the region. Overall, North America's aerospace parts manufacturing market thrives on technological advancements, robust defense spending, and a dynamic aviation landscape. Companies in North America play a pivotal role in supplying critical components for commercial and defense aerospace applications, ensuring the industry's continued advancement and global competitiveness. 

Europe Aerospace Parts Manufacturing Market

According to Cognitive Market Research, the global Aerospace Parts Manufacturing market size was projected at USD 925.5 billion, out of which Europe held the major market of more than 26% of the global revenue with market size of USD 240.63 billion in 2023 and will extend at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030, owing to the bolstering demand for lightweight and fuel-efficient components, technological advancements, and growing air travel. With a focus on innovation, European aerospace manufacturers contribute to the industry's growth by developing cutting-edge materials and manufacturing processes. The region's commitment to sustainability and stringent safety standards further propels the market, making it a key player in the global aerospace sector. Robust technological advancements and a focus on innovation characterize this dynamic market, fostering growth and competitiveness within Europe's aerospace parts manufacturing segment.

Asia Pacific Aerospace Parts Manufacturing Market

According to Cognitive Market Research, the global Aerospace Parts Manufacturing market size was estimated at USD 925.5 billion, out of which Asia Pacific held the major market of more than 18% of the global revenue with a market size of USD 166.59 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030 due to the region's increasing demand for commercial and military aircraft. The region's burgeoning aviation industry, rising air travel, and defense expenditures contribute to market growth. With Asia-Pacific becoming a major hub for aerospace manufacturing, the market benefits from technological advancements, government initiatives, and collaborations. This dynamic environment fosters innovation and attracts investments, propelling the region's aerospace parts manufacturing market forward. The region's strategic focus on aerospace manufacturing and its role as a major player in the global supply chain further amplify its market influence. As the sector continues to evolve, Asia-Pacific remains pivotal in shaping the trajectory of the global aerospace parts manufacturing market.

South America Aerospace Parts Manufacturing Market

According to Cognitive Market Research, the global Aerospace Parts Manufacturing market size was evaluated at USD 925.5 billion, out of which Latin America held the major market of more than 5% of the global revenue with market size of USD 46.28 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030 due to the region's aerospace sector is driven by increasing demand for aircraft components, technological advancements, and rising investments in defence and commercial aviation. Latin America's strategic location and growing partnerships with global aerospace players further enhance its role in the supply chain. These factors majorly fuel the expansion of the aerospace parts manufacturing market in the region, positioning it as a major player in the global industry. Ongoing technological advancements, collaborations, and market dynamics further shape the aerospace parts manufacturing landscape in the region, fostering innovation and competitiveness on a global scale.

Middle East and Africa Aerospace Parts Manufacturing Market

According to Cognitive Market Research, the global Aerospace Parts Manufacturing market size was projected at USD 925.5 billion, out of which MEA held the major market of more than 3% of the global revenue with a market size of USD 27.77 billion in 2023 and will raise at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030 due to the region's increased demand for aircraft, rising air travel, and advancements in technology. The region's strategic geographical location, growing defence budgets, and a surge in commercial aviation contribute to the market's expansion. Additionally, innovations in materials and manufacturing processes and a focus on lightweight components are pivotal factors shaping the industry's growth trajectory. Major players focus on innovation and strategic collaborations to capitalize on instances in this dynamic sector, ensuring a competitive aerospace parts manufacturing industry landscape.

Aerospace Parts Manufacturing Market Analysis

Aerospace Parts Manufacturing Product Type Segment Analysis

According to Cognitive Market Research, aircraft manufacturing held a prominent share of the market over the forecasted period. It involves producing various aeroplane components and structures, including airframes and wings. The aircraft manufacturing sector caters to the overall structure and assembly of aeroplanes.

Engines are the fastest-growing category over the projected period. It encompasses the manufacturing of propulsion systems such as jet engines and turboprop engines. These segments play pivotal roles in the aerospace industry, addressing the demand for advanced, efficient, and reliable aircraft. The engine segment concentrates on developing and producing power systems vital for aviation.

• Engines
• Aircraft Manufacturing
• Cabin Interiors
• Equipment Safety & Support
• Avionics
• Insulation Components

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aerospace Parts Manufacturing Industry. Request a Free Sample PDF!

Aerospace Parts Manufacturing Application Segment Analysis

According to Cognitive Market Research, commercials hold a prominent market share. In this segment, the demand for aerospace parts is driven by the continuous growth in air travel and the need for modernization and upgrades in commercial fleets. It includes components for passenger aircraft, cargo planes, and regional jets.

Business is the fastest-growing category. It encompasses components designed for private and corporate aircraft, reflecting the unique requirements of this sector.

• Commercial
• Business
• Military
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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