NORTH AMERICA AIRCRAFT PARTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

The aircraft components have evolved largely to make a flight safer, faster, and efficient. Aircrafts are designed for multiple purposes and most of them have the same major components. Most airplane structures include fuselage, wings, empennage, and landing gear. The fuselage includes cabin and/or cockpit, which contains seats for the occupants and the controls for the airplane. The empennage (also called tail) is the rear part of the aircraft. Usually, it includes the stabilizers, rudder, elevator as well as many other components.

Market Dynamics

The key airline manufacturers in North America region are actively focusing on adoption of light weight aircraft parts to enhance fuel economy. Boeing Corporation uses composite materials and carbon fiber in manufacturing aircraft parts of Boeing 787, a commercial aircraft to reduce the overall weight of aircrafts. Moreover, Airbus, one of the largest aircraft manufacturers uses composite material in manufacturing of A350 XWB.

For the constant supply of light weight materials, the aircraft manufacturers are signing contracts with material suppliers. For instance, in June 2016, Teijin Limited signed a Qualification Agreement with Boeing Company, an aircraft manufacturer. Under this agreement, both the companies are working on testing and application of carbon fiber reinforced thermoplastics (CFRTP). Moreover, in January 2019, Teijin Limited extended contract with Bombardier for 7 years to supply its carbon fiber. As the airline manufacturers are rapidly adopting light weight material, material suppliers can tie up with aircraft manufacturers to enhance their customer base and revenue.

Key features of the study:

• This report provides in-depth analysis of the North America aircraft parts market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022– 2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
• It profiles leading players in the North America aircraft parts market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Companies covered as a part of this study include Airbus Group, Alcoa Corporation, Arconic Corporation, Boeing, Bombardier Inc., Collins Aerospace, Elbit Systems Ltd, Teijin, Lockheed Martin Corporation and Triumph Group, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• The North America aircraft parts market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the North America aircraft parts market

Detailed Segmentation

• North America Aircraft Parts Market, By Parts:
  • Engines
  • Cabin Interiors
  • Fuselage
  • Empennage
  • Landing Gear
  • Wings and Flaps
  • Propeller
• North America Aircraft Parts Market, By Material Type:
  • Carbon Fibers
  • Composite Material
  • Steel Alloy
  • Aluminum Alloy
  • Titanium Alloy
• North America Aircraft Parts Market, By Aircraft Type:
  • Narrow Body aircraft
  • Wide-Body aircraft
  • Turboprop aircraft
• North America Aircraft Parts Market, By Application:
  • Commercial Aircraft
  • Business Aircraft
  • Military Aircraft
• North America Aircraft Parts Market, By Country:
  • U.S.
  • Canada
• Company Profiles
  • Airbus Group*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/ Updates
  • Alcoa Corporation
  • Arconic Corporation
  • Boeing
  • Bombardier Inc.
  • Collins Aerospace
  • Elbit Systems Ltd
  • Teijin
  • Lockheed Martin Corporation
  • Triumph Group, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.