Global Aerospace Parts Manufacturing Market Size, Trends & Growth Opportunity, By Product (Engines, Aerostructure, Cabin Interiors, Equipment, System, and Support, Avionics, Insulation Components), by end use, By Region and Forecast till 2027.
Report ID : QR1001492 | Industries : Chemicals & Materials | Published On :June 2022 | Page Count : 238Global Aerospace Parts Manufacturing Market
The global Aerospace Parts Manufacturing market was valued at USD 600.00 Bn in 2021 which expected to reach USD 1,333.20 Bn by 2027 at a CAGR 11.41% from 2021-2027.
The bulk of aircraft manufacturers are extremely involved in the parts manufacturing process and are integrated across the value chain. For the acquisition of these parts, these companies have in-house production facilities as well as supplier arrangements in place. The manufacturers are also involved in the acquisition of raw materials, as well as the design and quality control of third-party products.
Market Drivers
Increasing Air-Fleet around the globe.
Aerospace parts manufacturing is a multibillion-dollar industry that demands a high level of skill and technological knowledge. The aircraft sector is constantly expanding its footprint over the world, particularly in emerging nations. Boeing and Airbus, for example, have more than 1600 commercial jets scheduled for delivery in the next years on their books. The only option to meet the deadline is to manufacture the aircraft in a continuous and exact manner. This drives the aerospace parts manufacturing market.
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Market Restraints
High technology excellence and high cost of manufacturing
As airline is such a tightly regulated sector, manufactured parts and equipment must exceed stringent requirements set by the aviation regulatory authorities, as the lives of millions of passengers are on the line.
This necessitates a high level of skill and comes at a high expense. As a result, market participants demand a significant amount of cash as well as technological and human knowledge, limiting market expansion and the entry of new competitors
COVID-19 Impact on the Aerospace Parts Manufacturing Market
The COVID-19 pandemic had a significant influence on the aerospace industry, as manufacturers were unable to export their products due to trade restrictions imposed by several governments. In addition, the majority of firms shut down operations in all major economies to comply with lockdown regulations, limiting market expansion. Interruption of fabrication in-plant locations is expected to have a major impact on supply chains interrupted by a scarcity of raw materials and components. Furthermore, the sector is anticipating the delivery of aircraft that will be released once the COVID influence has stabilized.
Market Segmentation
The Global Aerospace Parts Manufacturing Market is segmented into Product and end use. By Product such as Engines, Aerostructure, Cabin Interiors, Equipment, System, and Support, Avionics, Insulation Components.
Regional Analysis
Global Aerospace Parts Manufacturing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in North America is projected to dominate the Global Aerospace Parts Manufacturing market due to an increase in the Engines and Aerostructure segment in the region. Due to the upward trend of replacing obsolete landing gear with sophisticated systems, the market in the United States is characterized by rising demand for landing gear and other support components. Furthermore, the market is expected to be driven by increased fixed-wing aircraft demand in the United States over the forecast period.
Key Players
Various key players are listed in this report such as JAMCO Corp, Intrex Aerospace, Rolls Royce plc, CAMAR Aircraft Parts Company, Safran Group, Woodward Hexcel, Engineered Propulsion System, Eaton Corporation plc, Aequs, and GE Aviation
Market Taxonomy
By Product
- Engines
- Aerostructure
- Cabin Interiors
- Equipment, System, and Support
- Avionics
- Insulation Components
By end use
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
- Other Aircraft
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Aerospace Parts Manufacturing Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Aerospace Parts Manufacturing Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Aerospace Parts Manufacturing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Aerospace Parts Manufacturing Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Aerospace Parts Manufacturing Market Share Analysis, By Product
5.3 Global Aerospace Parts Manufacturing Market Size and Forecast, By Product
5.3.1 Engines
5.3.2 Aerostructure
5.3.3 Cabin Interiors
5.3.4 Equipment, System, and Support
5.3.5 Avionics
5.3.6 Insulation Components
6 Global Aerospace Parts Manufacturing Market, By End-use
6.1 Y-o-Y Growth Comparison, By End-use
6.2 Global Aerospace Parts Manufacturing Market Share Analysis, By End-use
6.3 Global Aerospace Parts Manufacturing Market Size and Forecast, By End-use
6.3. 1 Commercial Aircraft
6.3.2 Business Aircraft
6.3.3 Military Aircraft
6.3.4Other Aircraft
7 Global Aerospace Parts Manufacturing Market, By Region
7.1 Global Aerospace Parts Manufacturing Market Share Analysis, By Region
7.2 Global Aerospace Parts Manufacturing Market Share Analysis, By Region
7.3 Global Aerospace Parts Manufacturing Market Size and Forecast, By Region
8 North America Aerospace Parts Manufacturing Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Aerospace Parts Manufacturing Market Share Analysis, By Product
8.3 North America Aerospace Parts Manufacturing Market Size and Forecast, By End-use
8.4 North America Aerospace Parts Manufacturing Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Aerospace Parts Manufacturing Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Aerospace Parts Manufacturing Market Share Analysis, By Product
9.3 Europe Aerospace Parts Manufacturing Market Size and Forecast, By End-use
9.4 Europe Aerospace Parts Manufacturing Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Aerospace Parts Manufacturing Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Aerospace Parts Manufacturing Market Share Analysis, By Product
10.3 Asia Pacific Aerospace Parts Manufacturing Market Size and Forecast, By End-use
10.4 Asia Pacific Aerospace Parts Manufacturing Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Aerospace Parts Manufacturing Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Aerospace Parts Manufacturing Market Share Analysis, By Product
11.3 Latin America Aerospace Parts Manufacturing Market Size and Forecast, By End-use
11.4 Latin America Aerospace Parts Manufacturing Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Aerospace Parts Manufacturing Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Aerospace Parts Manufacturing Market Share Analysis, By Product
12.3 Middle East Aerospace Parts Manufacturing Market Size and Forecast, By End-use
12.4 Middle East Aerospace Parts Manufacturing Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 JAMCO Corp
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Intrex Aerospace
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Rolls Royce plc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 CAMAR Aircraft Parts Company
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Safran Group.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Woodward Hexcel
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Engineered Propulsion System
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Eaton Corporation plc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Aequs
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 GE Aviation
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies