Allied Market Research
Allied Market Research

Aerospace Parts Manufacturing Market by Product Type (Engines, Aircraft Manufacturing, Cabin Interiors, Equipment, system, & support, Avionics, Insulation Components, and Others), and by End User (Commercial Aircraft, Business Aircraft, Military Aircraft, and Other Aircraft): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aerospace parts manufacturing Market Outlook – 2027 

Aerospace parts such as aero engines, turbines, jets, and engine propulsion systems& others need to be manufactured constantly as and when the need arises. Tier-1 suppliers are under heavy pressure by original equipment manufacturers for the supply of these components.Most aircraft manufacturers are integrated throughout the value chain and are highly active in the production of parts. These companies have internal manufacturing facilities and contracts with suppliers for the procurement of these parts. The manufacturers also contribute to the purchasing of raw materials and the design and quality control of the components offered by third parties.

Report Metric


Market size available for years


Base year considered


Forecast period


Forecast units

Value (USD)

Segments covered

Product type and enduser

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa

Companies covered

JAMCO Corporation, Intrex Aerospace, Rolls Royce PLC, CAMAR Aircraft Parts Company, Safran Group, Woodward, Engineered Propulsion System, Eaton Corporation plc, Aequs, Aero Engineering & Manufacturing Co., and GE Aviation.

COVID – 19 Scenario Analysis:

  • Supply chains disrupted due to the lack of raw materials and components are likely to seriously impact the industry by suspension of fabrication in-plant locations.
  • Besides, the industry has pending deliveries of aircraft which are scheduled to be released after the COVID influence stabilizes.
  • The industry has gone from concentrating on undermining China's supply chain to the general downturn in demand for car goods. With the shutdown of all non-essential services, demand for commodities should collapse.
  • Besides, shifts in customer buying efficiency due to pandemic uncertainty may have significant consequences on market development in the immediate future.
  • Demand for maintenance, repair & overhaul (MRO) services is largely focused on the size of the global fleet and its flight operation, though with a range of dynamic transitory variables. The need for all related air hour/flying period maintenance drops as soon as aircraft are grounded.
  • Various aircraft OEMs and suppliers of components are anticipated to change their business models because of the persistent COVID-19 disease pandemic due to the landing of various aircraft and growing travel restrictions.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The increasing demand for business aircraft is a key factor that is anticipated to drive the global market growth over the projected period due to the increased fleet substitution for older aircraft with new generations, lightweight, and fuel-efficient aircraft. Furthermore, rising fleet replacement rates lead to an increase in aircraft production which, over the forecast period, will continue to fuel the target market. Besides, several other factors are expected to fuel the growth of the global market over the forecast period, including technical advances and the growing need for aircraft equipped for unique missions. Besides the ever-increasing air passengers, along with an increase in import-export of goods and the presence of various established players expanding their manufacturing facilities in Asia to meet the increased demand from MRO service providers. But issues associated with fluctuations in prices of raw materials, stringent aviation regulations, and high investment in capital may impede market growth.

The global aerospace parts manufacturing market trends are as follows:

New product launches and deals to flourish the market

Bell has entered into agreements with nine aerospace companies to supply the components, software, and services for its 360 Invictus helicopter, which is the prototype model for U.S. Army Future Attack Reconnaissance Aircraft (FARA) program. The US Army expects to see illustrations of FARA aircraft in the fourth quarter of the 2022 fiscal year, which will require Bell and its team to quickly build the prototype.

Also, titanium superalloys are of major benefit to the aerospace sector and help companies to reduce their carbon footprint by increasing the fuel efficiency of aircraft. In the airspace industry, a recent partnership between Titomic and Ascent Aerospace will probably further drive 3D printing of titanium. Rolls-Royce has been looking at the ability to use titanium to reduce the weight of its engines in fan blades and fan cases.

Increased technological advancements in manufacturing along with growing collaborations to reduce complexity

Increasing demand is anticipated to help market growth in advanced composite materials to produce innovative combat aircraft. Increased adoption of advanced technologies for the development of aerospace components, such as additive manufacturing, IoT, and blockchain drives the growth of the market. The current trend seen on the target market increases the partnership between major players in the industry to set up a product development joint venture to reduce risks and reduce the cost involved in developing new aerospace products. The growth of the aerospace parts markets is expected to benefit from increased government initiatives in spatial exploration. Increased demand is also expected to play an important role in growth for drones and unmanned aerial vehicles. This pattern can be expected to help market growth during the forecast period. Long-term service periods for aircraft provide MRO providers with opportunities to maintain and repair existing fleets.



Product type

  • Engines
  • Aircraft manufacturing
  • Cabin interiors
  • Equipment, system, and support
  • Avionics
  • Insulation components
  • Others


  • Commercial aircraft
  • Business aircraft
  • Military aircraft
  • Other aircraft


Key benefits of the report:

  • This study presents the analytical depiction of the global Aerospace parts manufacturing industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global Aerospace parts manufacturing Market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Aerospace parts manufacturing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides detailed global Aerospace parts manufacturing market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the aerospace parts manufacturingmarket research report:

  • What are the leading market players active in the aerospace parts manufacturingmarket?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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