Future Aerospace Parts Manufacturing Market: Key Dynamics, Size & Share Analysis

The Global Aerospace Parts Manufacturing Market size was valued at around USD 936 billion in 2024 and is projected to reach USD 1,200 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. The main reason behind this growth is the increasing number of new planes. As new planes are manufactured, they also create a high demand for various parts that are to be used in them. For instance, Airbus delivered 61 commercial jets in April 2024 whereas this number was 54 in the same month of 2023.

Top Market Challenges Impacting the Aerospace Parts Manufacturing Market Growth

Increasing Air Travel – The number of people traveling by plane is continuously growing, mainly in emerging countries such as India, China, Brazil, etc. For instance, the number of passengers traveling in a single day through flights in India has crossed half a million number for the first time in November 2024, and that too in the non-festive season. To meet the increasing demand for air travel and stay competitive, the airline industry has to increase the number of commercial aircraft in their service. As a result, it creates a high demand for various parts that are used in the manufacturing of aircraft such as engines, communication & navigation devices, etc.

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Understanding the Core Segments in the Aerospace Parts Manufacturing Market

Aerospace Parts Manufacturing Market Size, Share & Industry Trends Analysis- By Product (Engine, Aero structure, Cabin Interiors, Avionics, Insulation Components, Other Ancillary Equipment), By End User (Commercial Aircraft, Business Aircraft, Military Aircraft, Space Rocket) and Others.

Geographical Analysis of the Aerospace Parts Manufacturing Market

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Who Dominates the Aerospace Parts Manufacturing Market Insights on Key Industry Players?

Companies are strengthening their presence in the Aerospace Parts Manufacturing market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• Boeing
• Airbus
• Derco
• RTX
• Northrop Grumman
• General Electric Aerospace
• Honeywell
• Rolls Royce PLC 
• Safran
• Thales Group
• Collins Aerospace
• L3Harris Technologies
• MTU Aero Engines
• Intrex Aerospace
• BAE Systems
• Others

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MarkNtel Advisors is a globally recognized market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. Our studies provide global, regional, and country-level intelligence, helping clients assess modernization programs, procurement dynamics, and emerging defense technologies. Built on rigorous primary research, data modeling, and trend calibration, our insights empower stakeholders to anticipate technological shifts and evaluate long-term capability investments. Clients rely on our intelligence for competitive benchmarking, market entry, and defense readiness planning across 80+ countries. Through our Consulting Services, we translate complex data into strategic roadmaps—enabling defense contractors, policymakers, and OEMs to strengthen operational resilience and maintain a strategic edge in evolving defense ecosystems.

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