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Aerospace Parts Manufacturing Market - Global Forecast 2025-2032

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    Report

  • 198 Pages
  • October 2025
  • Region: Global
  • 360iResearch™
  • ID: 5887581
UP TO OFF until Jan 01st 2026
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Senior executives managing aerospace parts manufacturing are contending with increasing complexity, changing regulatory frameworks, and rapid technological evolution. Navigating these shifts demands precise, data-backed strategies aligned with the nuances of today’s global market environment.

Aerospace Parts Manufacturing Market Snapshot

The aerospace parts manufacturing market attained a value of USD 925.13 billion in 2024, with a forecasted rise to USD 973.82 billion in 2025 and an expectation to surpass USD 1.38 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 5.19%. This steady trajectory demonstrates the sector’s resilience and shows how investment in digital transformation, material innovation, and advanced production processes continues to shape a competitive environment. The industry focus extends to ensuring operational excellence, adhering to evolving international standards, and efficiently responding to the unique requirements of both commercial aviation and defense segments across a broad spectrum of global markets.

Scope & Segmentation of the Aerospace Parts Manufacturing Market

This report delivers a comprehensive view of key influences guiding strategic priorities and capital allocation within aerospace manufacturing. Market segmentation highlights core operational areas and competitive differentiators essential to market participants:

  • Product Types: Avionics, engines, combustion components, compressors, exhausts, turbines, fuel and hydraulic systems, interiors, landing gear, and structural modules directly impact manufacturing dependability and overall output efficiency.
  • End Use: Maintenance, repair, and overhaul (MRO) services extend operational lifecycles, while original equipment manufacturing (OEM) enables continuous adoption of innovative tech within fleets.
  • Metals: Choices include aluminum alloys to reduce mass, nickel and titanium for demanding environments, and steel for applications with high mechanical stress.
  • Composites: Incorporates aramid, carbon fiber, and glass fiber, providing durability, lighter weight, and adaptability for longer service intervals and broader usage potential.
  • Geographies: The Americas, Europe, Middle East and Africa, and Asia-Pacific each drive specific regional approaches—capacity expansion, regulatory focus, automation, and research-led initiatives all feature prominently.
  • Key Companies: Major sector leaders include Raytheon Technologies Corporation, General Electric Company, Safran S.A., Rolls-Royce plc, Honeywell International Inc., Parker-Hannifin Corporation, MTU Aero Engines AG, Leonardo S.p.A., GKN Aerospace Limited, and Triumph Group, Inc. These companies model best practices in technology integration, compliance, and performance standards for peers and new entrants.

Aerospace Parts Manufacturing Market: Key Takeaways

  • Digitalization is strengthening visibility and synchronization between shop floor operations and executive-level decision-making, creating greater responsiveness and product quality.
  • Material and design advances support stringent cost controls and contribute to more sustainable practices throughout production and lifecycle management.
  • Supplier collaborations and nearshoring are building supply chain strength and agility, enabling a robust response to unpredictable market or political shifts.
  • Distinct regional strengths drive sector performance; Asia-Pacific advances capacity, the Americas focus on automation projects, and EMEA accelerates research and development in propulsion and electrification.
  • Partnering between OEMs and local organizations enhances compliance outcomes and increases the effectiveness of technology implementation projects.
  • Targeted workforce upskilling ensures readiness for new digital tools and analytical tasks, helping organizations adapt to the rapid pace of market evolution.

Tariff Impact: Navigating 2025 United States Trade Actions

With anticipated changes in U.S. trade policy, leaders overseeing procurement must maintain awareness of tariff restructuring and its potential effects on sourcing and supplier diversity. Adapting internal risk management protocols and compliance frameworks will be critical for supporting uninterrupted production as tariffs and regulations change.

Methodology & Data Sources

The insights in this report draw upon structured interviews with aerospace sector executives, cross-referenced with up-to-date technical and regulatory sources. Quantitative modeling validates the analysis, delivering actionable intelligence for senior leaders.

Why This Report Matters for Aerospace Parts Manufacturing

  • Equips decision-makers with relevant and current market intelligence for procurement, digital transformation, and supply chain optimization.
  • Fosters stronger risk mitigation and flexible responses to evolving regulations or industry shifts.
  • Serves as a reliable reference point for benchmarking, supporting continued alignment with global standards and compliance requirements.

Conclusion

This report distills complex sector dynamics into insight executives can use to guide planning and sustain operational resilience in a dynamic aerospace manufacturing marketplace.

 

Additional Product Information:

  • Purchase of this report includes 1 year online access with quarterly updates.
  • This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Increased adoption of industrial 3D printing for complex metal aircraft parts production
5.2. Integration of advanced composite materials in fuselage panels to enhance fuel efficiency
5.3. Implementation of predictive maintenance using IoT sensors and AI analytics for machining equipment
5.4. Shift towards regional supply chain diversification to mitigate geopolitical and trade risks
5.5. Rising investment in robotics automation for precision machining of titanium engine components
5.6. Growing emphasis on sustainable manufacturing practices including recycling of aerospace alloys
5.7. Development of advanced coating technologies to improve wear resistance of critical aircraft parts
5.8. Implementation of digital twin simulations for optimizing production workflows and quality control
6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025
8. Aerospace Parts Manufacturing Market, by Product Type
8.1. Avionics
8.1.1. Communication Systems
8.1.2. Flight Control Systems
8.1.3. Navigation Systems
8.2. Engine Components
8.2.1. Combustion Systems
8.2.2. Compressor Components
8.2.2.1. Axial Compressors
8.2.2.2. Centrifugal Compressors
8.2.3. Exhaust Systems
8.2.4. Turbine Components
8.2.4.1. High Pressure Turbine
8.2.4.2. Low Pressure Turbine
8.3. Fuel Systems
8.4. Hydraulic Systems
8.5. Interiors
8.6. Landing Gear Systems
8.7. Structural Components
8.7.1. Control Surfaces
8.7.2. Floor Beams
8.7.3. Fuselage Panels
8.7.3.1. Aluminum Alloy Panels
8.7.3.2. Composite Panels
8.7.4. Wing Structures
8.7.4.1. Aluminum Alloy Wing Structures
8.7.4.2. Composite Wing Structures
9. Aerospace Parts Manufacturing Market, by End Use
9.1. Aftermarket
9.1.1. Maintenance Repair And Overhaul
9.1.2. Spare Parts
9.2. Original Equipment Manufacturer
9.2.1. New Aircraft Production
9.2.2. Retrofit
10. Aerospace Parts Manufacturing Market, by Metals
10.1. Aluminum Alloys
10.2. Nickel Alloys
10.3. Steel Alloys
10.4. Titanium Alloys
11. Aerospace Parts Manufacturing Market, by Composites
11.1. Aramid Composites
11.2. Carbon Fiber Composites
11.3. Glass Fiber Composites
12. Aerospace Parts Manufacturing Market, by Region
12.1. Americas
12.1.1. North America
12.1.2. Latin America
12.2. Europe, Middle East & Africa
12.2.1. Europe
12.2.2. Middle East
12.2.3. Africa
12.3. Asia-Pacific
13. Aerospace Parts Manufacturing Market, by Group
13.1. ASEAN
13.2. GCC
13.3. European Union
13.4. BRICS
13.5. G7
13.6. NATO
14. Aerospace Parts Manufacturing Market, by Country
14.1. United States
14.2. Canada
14.3. Mexico
14.4. Brazil
14.5. United Kingdom
14.6. Germany
14.7. France
14.8. Russia
14.9. Italy
14.10. Spain
14.11. China
14.12. India
14.13. Japan
14.14. Australia
14.15. South Korea
15. Competitive Landscape
15.1. Market Share Analysis, 2024
15.2. FPNV Positioning Matrix, 2024
15.3. Competitive Analysis
15.3.1. Raytheon Technologies Corporation
15.3.2. General Electric Company
15.3.3. Safran S.A.
15.3.4. Rolls-Royce plc
15.3.5. Honeywell International Inc.
15.3.6. Parker-Hannifin Corporation
15.3.7. MTU Aero Engines AG
15.3.8. Leonardo S.p.A
15.3.9. GKN Aerospace Limited
15.3.10. Triumph Group, Inc.

Companies Mentioned

The companies profiled in this Aerospace Parts Manufacturing market report include:
  • Raytheon Technologies Corporation
  • General Electric Company
  • Safran S.A.
  • Rolls-Royce plc
  • Honeywell International Inc.
  • Parker-Hannifin Corporation
  • MTU Aero Engines AG
  • Leonardo S.p.A
  • GKN Aerospace Limited
  • Triumph Group, Inc.

Table Information