Global Aerospace Parts Manufacturing Market Size & Insights

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 Global Global Aerospace Parts Manufacturing Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Global Aerospace Parts Manufacturing. 

What are the Key DROs in the Global Aerospace Parts Manufacturing Market??

3D Printed Aircraft Parts Gaining Traction – Various market leaders are using 3D printing techniques to manufacture various parts of aircraft such as seats, air ducts, wings, turbines, etc., that are around 55% lighter than metal parts. This helps in reducing the overall weight of the aircraft and hence reducing the fuel consumption of the aircraft. Also, these parts require less investment as compared to metal parts. For instance, Boeing announced to start testing its Apache attack helicopter having a fully 3D printed main rotor system in 2024.

Moreover, the lighter parts further support reducing carbon emissions into the environment and hence meet the sustainability goals. For instance, a reduction of every one-kilogram weight of an aircraft leads to a reduction of 25 tons of carbon dioxide emitted by it in its entire lifetime. Therefore, due to less cost & weight and the environment-friendly nature of 3D printed parts, they are in trend.

What are the Key Segments in the Global Aerospace Parts Manufacturing Market?

The Global Aerospace Parts Manufacturing is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Product

-Engine- Market Size & Forecast 2020-2030, USD Million

-Aero structure- Market Size & Forecast 2020-2030, USD Million

-Cabin Interiors- Market Size & Forecast 2020-2030, USD Million

-Avionics- Market Size & Forecast 2020-2030, USD Million

-Insulation Components- Market Size & Forecast 2020-2030, USD Million

-Other Ancillary Equipment - Market Size & Forecast 2020-2030, USD Million

By End User

-Commercial Aircraft- Market Size & Forecast 2020-2030, USD Million

-Business Aircraft- Market Size & Forecast 2020-2030, USD Million

-Military Aircraft- Market Size & Forecast 2020-2030, USD Million

-Space Rocket- Market Size & Forecast 2020-2030, USD Million

-Others (Training Aircrafts, Satellite, etc.)- Market Size & Forecast 2020-2030, USD Million

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By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

Who are the Key Players in Global Aerospace Parts Manufacturing Market?

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, and others.

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Global Aerospace Parts Manufacturing Market News

• 2024: BOE Technology Group showcased curved and foldable automotive displays up to 17 inches, featuring a unique “breathing display” design. The company also planned curved Mini LED monitors, including a 34″ (1500R, 165Hz) and a 39.7″ (1400R, 144Hz) model with high resolutions and over 1,000 dimming zones. These products began launching in late 2023 and continued into 2024.

• 2025: LG Display launched the LG UltraFine 40U990A-W is a 40-inch curved business monitor. It features a sharp 5K2K resolution (5120×2160), Thunderbolt 5 connectivity, and a smooth 120Hz refresh rate. With a 1000R curve, it offers an immersive viewing experience.

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Why This MarkNtel Advisors Research Report:

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• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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