Market Overview:
The global aerospace parts market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be 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 contributing to the growth of this market. The global aerospace parts market is segmented on the basis of type, application, and region. On the basis of type, it is divided into engines, aircraft manufacturing, cabin interiors, equipment & system support avionics insulation components). On the basis of application it is classified into commercial aircrafts (B737-800/900ER), business jets (Citation CJ4), military Aircrafts (F-16 Fighting Falcon) and others). Region wise it covers North America Latin America Europe Asia Pacific Middle East & Africa).
Product Definition:
Parts that are used in the aerospace industry. They can be made from a variety of materials, including metals, plastics, and composites.
Engines:
An engine is an automated device that aids in propelling vehicles and aircraft towards motion. Internal combustion engines, gas turbines, steam turbines, electric motors are the different types of engines used in aerospace parts industry. The growth factor for this market is primarily driven by rise in demand for commercial aviation across the globe coupled with increasing air traffic due to rapid urbanization and industrialization particularly in emerging economies such as India & China.
Aircraft Manufacturing:
Aircraft Manufacturing is the process of converting raw materials into aircraft parts and components. The manufacturing process includes designing, planning, development, testing & production of aircraft parts & components. It also includes after-sales services such as maintenance and repair for the aircraft.
The global market size spans across four major segments including OEM (Original Equipment Manufacturer), tier 1 suppliers, tier 2 suppliers.
Application Insights:
The commercial aircraft application segment accounted for the largest revenue share of over 60% in 2017. The segment is driven by increasing air traffic and passenger traffic, which has resulted in an increased demand for aerospace parts across the globe. The growth of this industry can be attributed to several factors such as growing middle-class population, rapid urbanization, technological advancements in communication and transportation systems, favorable government policies regarding investments from both public and private sectors.
Aerospace components are used to manufacture a wide range of products including landing gear doors/flaps/ramps; cabin interiors; seats; food preparation equipment; galley equipment & storage compartments; lavatory partitions & doors (including privacy panels); overhead bins & cabinets (excluding personal comfort items) ; inflight entertainment system (IFE) modules & interactive displays systems ; oxygen system components including masks, regulators assembly kits.
Regional Analysis:
The market in Asia Pacific and Middle East & Africa is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing military spending by countries such as China, India, Pakistan, and others. For instance, according to the Stockholm International Peace Research Institute (SIPRI), China accounted for the largest share of global arms imports from 2015 to 2016. Moreover, rising passenger traffic in commercial aircraft has resulted in an increased demand for new parts across this region since past few years.
However, North America is anticipated to witness sluggish growth over the next eight years owing to stringent regulations regarding carbon emissions by regulatory bodies such as Environmental Protection Agency (EPA) and Department of Transportation (DOT). Furthermore; Europe aerospace industry also faces stiff competition from low-cost carriers resulting in slow growth across this region during forecast period.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is growing at a rapid pace, owing to the increasing number of passengers travelling by air. This is expected to drive the demand for aerospace parts in the coming years.
- Rising investments in the aviation sector: Governments and private investors are investing heavily in the aviation sector, which is expected to boost the demand for aerospace parts in the near future.
- Proliferation of new aircraft models: Airlines are increasingly adopting new aircraft models, such as Boeing 787 and Airbus A350 XWB, which require advanced aerospace parts. This is likely to fuel growth of this market in forthcoming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Parts 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, Others
By Companies
JAMCO, Intrex Aerospace, Rolls Royce, CAMAR Aircraft Parts, Safran, Woodward, Engineered Propulsion System, Eaton, Aequs, Aero Engineering & Manufacturing, GE Aviation, Lycoming Engines, Pratt & Whitney, Superior Air Parts, MTU Aero Engines, Honeywell International
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Parts Market Report Segments:
The global Aerospace Parts 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, Others
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
- Intrex Aerospace
- Rolls Royce
- CAMAR Aircraft Parts
- Safran
- Woodward
- Engineered Propulsion System
- Eaton
- Aequs
- Aero Engineering & Manufacturing
- GE Aviation
- Lycoming Engines
- Pratt & Whitney
- Superior Air Parts
- MTU Aero Engines
- Honeywell International
Highlights of The Aerospace Parts 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
- Others
- 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 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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- Product & Brand Management
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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 are components of aircraft and spacecraft. They include items like screws, bolts, rivets, and other fasteners that hold the aircraft together or keep it in orbit. Aerospace parts also include engines, propellers, antennas, and other equipment used to power planes or spacecraft.
Some of the major players in the aerospace parts market are JAMCO, Intrex Aerospace, Rolls Royce, CAMAR Aircraft Parts, Safran, Woodward, Engineered Propulsion System, Eaton, Aequs, Aero Engineering & Manufacturing, GE Aviation, Lycoming Engines, Pratt & Whitney, Superior Air Parts, MTU Aero Engines, Honeywell International.
The aerospace parts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Parts 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Parts 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 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 Market Size & Forecast, 2018-2028
4.5.1 Aerospace Parts Market Size and Y-o-Y Growth
4.5.2 Aerospace Parts Market Absolute $ Opportunity
Chapter 5 Global Aerospace Parts 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 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 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 Market Size Forecast by Applications
6.2.1 Commercial Aircraft
6.2.2 Business Aircraft
6.2.3 Military Aircraft
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Parts 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace Parts 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 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 Market Size Forecast by Applications
9.10.1 Commercial Aircraft
9.10.2 Business Aircraft
9.10.3 Military Aircraft
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace Parts 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 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 Market Size Forecast by Applications
10.10.1 Commercial Aircraft
10.10.2 Business Aircraft
10.10.3 Military Aircraft
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace Parts 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 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 Market Size Forecast by Applications
11.10.1 Commercial Aircraft
11.10.2 Business Aircraft
11.10.3 Military Aircraft
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace Parts 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 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 Market Size Forecast by Applications
12.10.1 Commercial Aircraft
12.10.2 Business Aircraft
12.10.3 Military Aircraft
12.10.4 Others
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 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace Parts 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 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 Market Size Forecast by Applications
13.10.1 Commercial Aircraft
13.10.2 Business Aircraft
13.10.3 Military Aircraft
13.10.4 Others
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 Market: Competitive Dashboard
14.2 Global Aerospace Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JAMCO
14.3.2 Intrex Aerospace
14.3.3 Rolls Royce
14.3.4 CAMAR Aircraft Parts
14.3.5 Safran
14.3.6 Woodward
14.3.7 Engineered Propulsion System
14.3.8 Eaton
14.3.9 Aequs
14.3.10 Aero Engineering & Manufacturing
14.3.11 GE Aviation
14.3.12 Lycoming Engines
14.3.13 Pratt & Whitney
14.3.14 Superior Air Parts
14.3.15 MTU Aero Engines
14.3.16 Honeywell International
