Market Overview:
The global aerospace parts manufacturing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for commercial and military aircraft across the globe. Additionally, the increase in passenger traffic and rise in air travel are also propelling the growth of this market. The global aerospace parts manufacturing market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into engines, aircraft manufacturing, cabin interiors, equipment & system support avionics insulation components). On the basis of application it can be classified into commercial aircrafts (B737-800/900ER), business jets (Citation CJ4), military Aircrafts (F-16 Fighting Falcon) and other types such as regional transport aircrafts).
Product Definition:
The aerospace parts manufacturing process begins with a customer’s blueprints or drawings. Parts are then created using a variety of methods, including machining, stamping, and casting. After the parts are created, they are inspected and sometimes tested to ensure that they meet the customer’s specifications. The aerospace parts manufacturing process is important because it allows companies to create components for aircraft and spacecraft. Without this process, it would be difficult or impossible to manufacture these complex machines.
Engines:
The aerospace industry is one of the fastest growing industries in the world. It has been observing a steady growth rate for many years and this trend is expected to continue over the forecast period owing to increasing air passenger traffic. The aviation sector comprises two broad categories, namely commercial aviation and general aviation. Commercial Aviation includes scheduled airlines services, such as flights between airports with established service patterns; whereas General Aviation refers to all other types of aircraft ranging from private jets to business jets.
Aircraft Manufacturing:
Aircraft Manufacturing is the process of converting raw materials into finished aircraft parts and components. It includes processes such as designing, assembling, testing & certification, painting & lamination and final assembly. The global market for Aircraft Manufacturing (AM) has witnessed significant growth over the past few years owing to rise in demand for commercial aviation across the globe coupled with increasing air traffic congestion which has led to a shortage of space on runways.
Application Insights:
The commercial aircraft application segment accounted for the largest revenue share of over 60% in 2017. The demand is expected to be driven by the growth in air travel, which has been witnessing a steady increase over the past few years. Moreover, increasing passenger traffic on short-haul routes is anticipated to boost product demand further.
Commercial aircraft are generally large and expensive to manufacture; this fact has stimulated competition among manufacturers seeking cheaper sources of materials including titanium and aluminum alloys. However, technological advancements have enabled manufacturers to use high strength steel while still maintaining lightweight characteristics for these types of aircraft parts. Manufacturers are also focusing on reducing production costs by adopting advanced manufacturing technologies such as 3D printing and metal injection molding thus driving market growth across regions globally over the forecast period.
Regional Analysis:
The market in Asia Pacific and Middle East & Africa is anticipated to grow at a significant rate over the forecast period. This growth can be attributed to increasing production of large commercial aircraft, rising military spending by countries such as China and India, and increased foreign investments in these regions. The rise in foreign investments has led to an increase in parts manufacturing facilities across the globe. For instance, GE Aviation announced its plan of expanding its operations by opening a new center that will manufacture fan cowls for Rolls-Royce engines across Europe.
Asia Pacific was estimated as the largest regional market with revenue share valued at over 23% owing to rapid industrialization along with growing aerospace industry primarily due to high demand from end-use industries such as civil aviation sector and defense forces of various countries including China, India, Japan among others are expected drive regional growth over the next eight years (2016/2017).
Growth Factors:
- Increasing demand for aircrafts and rise in air traffic: The increasing demand for aircrafts is one of the primary growth drivers for the aerospace parts manufacturing market. According to Boeing, there will be a need for more than 38,000 new commercial jetliners over the next 20 years. This will create opportunities for the players in this market and drive its growth. Additionally, rise in air traffic has also led to an increase in demand for aviation-related services, which is further fueling the growth of this market.
- Technological advancements: The aerospace parts manufacturing industry is witnessing rapid technological advancements owing to which newer and better products are being developed at a faster pace. This is resulting in an increase in sales as well as adoption of these products by airlines and other end users across the globe. Moreover, it is also helping players reduce their production costs significantly, thereby boosting their profit margins considerably.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Parts Manufacturing Market Research Report
By Type
Engines, Aircraft Manufacturing, Cabin Interiors, Equipment, System, and Support, Avionics, Insulation Components
By Application
Commercial Aircraft, Business Aircraft, Military Aircraft, Other Aircraft
By Companies
JAMCO Corporation, Intrex Aerospace, CAMAR Aircraft Parts Company, Rolls Royce plc, Woodward, Inc., GE Aviation, Aero Engineering & Manufacturing Co., Aequs, Eaton Corporation plc, Engineered Propulsion System, MTU Aero Engines AG, Lycoming Engines, Pratt & Whitney, Superior Air Parts, Inc., Honeywell International, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Parts Manufacturing Market Report Segments:
The global Aerospace Parts Manufacturing market is segmented on the basis of:
Types
Engines, Aircraft Manufacturing, Cabin Interiors, Equipment, System, and Support, Avionics, Insulation Components
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Aircraft, Business Aircraft, Military Aircraft, Other Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- JAMCO Corporation
- Intrex Aerospace
- CAMAR Aircraft Parts Company
- Rolls Royce plc
- Woodward, Inc.
- GE Aviation
- Aero Engineering & Manufacturing Co.
- Aequs
- Eaton Corporation plc
- Engineered Propulsion System
- MTU Aero Engines AG
- Lycoming Engines
- Pratt & Whitney
- Superior Air Parts, Inc.
- Honeywell International, Inc.
Highlights of The Aerospace Parts Manufacturing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engines
- Aircraft Manufacturing
- Cabin Interiors
- Equipment, System, and Support
- Avionics
- Insulation Components
- By Application:
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
- Other Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Parts Manufacturing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace parts manufacturing is the process of creating aircraft and spacecraft components from raw materials. Aerospace companies use a variety of processes to create parts, including casting, machining, and welding.
Some of the key players operating in the aerospace parts manufacturing market are JAMCO Corporation, Intrex Aerospace, CAMAR Aircraft Parts Company, Rolls Royce plc, Woodward, Inc., GE Aviation, Aero Engineering & Manufacturing Co., Aequs, Eaton Corporation plc, Engineered Propulsion System, MTU Aero Engines AG, Lycoming Engines, Pratt & Whitney, Superior Air Parts, Inc., Honeywell International, Inc..
The aerospace parts manufacturing market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Parts Manufacturing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Parts Manufacturing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Parts Manufacturing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Parts Manufacturing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Parts Manufacturing Market Size & Forecast, 2018-2028
4.5.1 Aerospace Parts Manufacturing Market Size and Y-o-Y Growth
4.5.2 Aerospace Parts Manufacturing Market Absolute $ Opportunity
Chapter 5 Global Aerospace Parts Manufacturing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aerospace Parts Manufacturing Market Size Forecast by Type
5.2.1 Engines
5.2.2 Aircraft Manufacturing
5.2.3 Cabin Interiors
5.2.4 Equipment
5.2.5 System
5.2.6 and Support
5.2.7 Avionics
5.2.8 Insulation Components
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aerospace Parts Manufacturing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aerospace Parts Manufacturing Market Size Forecast by Applications
6.2.1 Commercial Aircraft
6.2.2 Business Aircraft
6.2.3 Military Aircraft
6.2.4 Other Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Parts Manufacturing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Parts Manufacturing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aerospace Parts Manufacturing Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace Parts Manufacturing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aerospace Parts Manufacturing Market Size Forecast by Type
9.6.1 Engines
9.6.2 Aircraft Manufacturing
9.6.3 Cabin Interiors
9.6.4 Equipment
9.6.5 System
9.6.6 and Support
9.6.7 Avionics
9.6.8 Insulation Components
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aerospace Parts Manufacturing Market Size Forecast by Applications
9.10.1 Commercial Aircraft
9.10.2 Business Aircraft
9.10.3 Military Aircraft
9.10.4 Other Aircraft
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aerospace Parts Manufacturing Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace Parts Manufacturing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aerospace Parts Manufacturing Market Size Forecast by Type
10.6.1 Engines
10.6.2 Aircraft Manufacturing
10.6.3 Cabin Interiors
10.6.4 Equipment
10.6.5 System
10.6.6 and Support
10.6.7 Avionics
10.6.8 Insulation Components
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aerospace Parts Manufacturing Market Size Forecast by Applications
10.10.1 Commercial Aircraft
10.10.2 Business Aircraft
10.10.3 Military Aircraft
10.10.4 Other Aircraft
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aerospace Parts Manufacturing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace Parts Manufacturing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aerospace Parts Manufacturing Market Size Forecast by Type
11.6.1 Engines
11.6.2 Aircraft Manufacturing
11.6.3 Cabin Interiors
11.6.4 Equipment
11.6.5 System
11.6.6 and Support
11.6.7 Avionics
11.6.8 Insulation Components
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aerospace Parts Manufacturing Market Size Forecast by Applications
11.10.1 Commercial Aircraft
11.10.2 Business Aircraft
11.10.3 Military Aircraft
11.10.4 Other Aircraft
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aerospace Parts Manufacturing Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace Parts Manufacturing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aerospace Parts Manufacturing Market Size Forecast by Type
12.6.1 Engines
12.6.2 Aircraft Manufacturing
12.6.3 Cabin Interiors
12.6.4 Equipment
12.6.5 System
12.6.6 and Support
12.6.7 Avionics
12.6.8 Insulation Components
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aerospace Parts Manufacturing Market Size Forecast by Applications
12.10.1 Commercial Aircraft
12.10.2 Business Aircraft
12.10.3 Military Aircraft
12.10.4 Other Aircraft
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aerospace Parts Manufacturing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace Parts Manufacturing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aerospace Parts Manufacturing Market Size Forecast by Type
13.6.1 Engines
13.6.2 Aircraft Manufacturing
13.6.3 Cabin Interiors
13.6.4 Equipment
13.6.5 System
13.6.6 and Support
13.6.7 Avionics
13.6.8 Insulation Components
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aerospace Parts Manufacturing Market Size Forecast by Applications
13.10.1 Commercial Aircraft
13.10.2 Business Aircraft
13.10.3 Military Aircraft
13.10.4 Other Aircraft
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Parts Manufacturing Market: Competitive Dashboard
14.2 Global Aerospace Parts Manufacturing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JAMCO Corporation
14.3.2 Intrex Aerospace
14.3.3 CAMAR Aircraft Parts Company
14.3.4 Rolls Royce plc
14.3.5 Woodward, Inc.
14.3.6 GE Aviation
14.3.7 Aero Engineering & Manufacturing Co.
14.3.8 Aequs
14.3.9 Eaton Corporation plc
14.3.10 Engineered Propulsion System
14.3.11 MTU Aero Engines AG
14.3.12 Lycoming Engines
14.3.13 Pratt & Whitney
14.3.14 Superior Air Parts, Inc.
14.3.15 Honeywell International, Inc.
