Aerospace Parts Manufacturing Market by Type (Engine, Aerostructures, Cabin Interiors, Avionics, Insulation Components, Equipment, Support & systems), by Aircraft (Commercial, Military, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Aerospace Parts Manufacturing Market size was valued at USD 48.2 USD Billion in 2023 and is projected to reach USD 112.00 USD Billion by 2032, exhibiting a CAGR of 12.8 % during the forecast period. Aerospace parts production therefore entails the creation of parts that are utilized in the construction of aircraft and spacecrafts. It is a set of operations that involves macro operations such as Material Removing Operations (MRO), Material Forming Operations (MFO) which includes, machining, casting and forging, and Engineering Manufacturing Operations (EMO) which includes AM. These parts include such elements as ordinary brackets and such sophisticated components as turbine blades, which require maximum accuracy and compliance with the maximum degree of quality requirements. Aerospace products include constructions like fuselage pieces and wings, power systems inclusive of jet engines and rocket boosters, and electronic equipment like navigation systems and radar equipment. All of them are characterized by high-performance demands of aerospace applications and thus, unique manufacturing processes and materials are used. Some of the characteristics of aerospace parts manufacturing include the use of materials such as titanium and composite materials like carbon, technologies like Computer Numerical Control (CNC) and 3D printing and quality procedures to ensure reliability in operation in harsh conditions. Components used in aerospace conform to different applications including commercial aircraft, military aircraft, satellites as well as space missions. The benefits are increased efficiency in the use of fuel, durability and better performance, enabling safe and efficient airline transport, national security from Defense angles, and an exploration of outer space.
Type:
Aircraft:
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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