Aerospace Parts Manufacturing Market to be USD 1,553.05 Bn by 2032 - Coherent Market Insights

Aerospace Parts Manufacturing Market to be USD 1,553.05 Bn by 2032

The global aerospace parts manufacturing market size is likely to be valued at USD 979.43 billion in 2025. It is predicted to touch a USD 1,533.05 billion valuation by 2032, exhibiting a CAGR of 6.6% during the forecast period (2025-2032).  

Rise in commercial aviation and investment in advanced materials and technologies are primary factors driving the global market growth. The mushrooming of major cities has induced the need for airports as a source of trade and travel. A surge in passenger traffic at airports and a large fleet of aircraft by airline carriers create a demand for aerospace parts for rapid maintenance and repair purposes.

Key Market Insights

The aerospace parts manufacturing market growth is expected to soar during the forecast period owing to a surge in commercial air travel and investment in advanced materials and technologies.

• By product, the aerostructure segment is expected to gain a 41.6% share of the aerospace parts manufacturing market in 2025. Aerostructures comprise parts for fuselages, wings, aircraft frames, and landing gears. Composite aerostructure components are expected to witness a huge adoption rate owing to their low costs. Additionally, rigorous quality control protocols for such parts warrant their huge demand in aircraft programs.
• By aircraft type, the wide-body aircraft segment is expected to hold a 55.1% market share in 2025 due to long-haul aviation. Such flights require wide-body aircraft such as the Boeing 787 or Airbus A380. Wide-body aircraft will continue to witness strong demand over the forecast period owing to their need to connect major cities globally.
• By application, the commercial aircraft segment is expected to hold 51.1% share of the aerospace parts manufacturing market in 2025. This can be attributed to the necessity of safe and efficient transportation globally. An uptick witnessed at airports and the rise of low-cost carriers can drive the demand for commercial aircraft over the forecast period.
• In terms of region, North America is expected to hold a 41.1% market share in 2025. This can be attributed to the presence of major OEM suppliers, airlines, and a huge aftermarket focusing on MRO and component replacement. The decrease in defense spending can negatively affect the regional aerospace parts manufacturing market as the production of components takes a major hit.

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Aerospace parts manufacturing market Report Coverage

Market Dynamics

The aerospace parts manufacturing market is expected to perform significantly over the forecast period owing to the rise in commercial aviation. Major aircraft manufacturers are embracing new technologies to fast-track prototyping and launch them into the market. In 2025, Airbus hinted at launching technologies that improve fuel efficiency by 30% and make aircraft fly on sustainable aviation fuel.

Investments in composite materials and technologies for making aircraft lightweight and durable can augur favorably for the aerospace parts manufacturing market. For instance, Stratasys launched advanced industrial solution (AIS) Antero Materials in March 2025 by collaborating with Blue Origin, Northrop Grumman, U.S. Naval Air Systems Command, Raytheon Technologies, Boeing, the U.S. Air Force, and the National Institute for Aviation Research. The materials can be employed in mission-critical applications by the aerospace & defense industries while meeting quality standards.

Market Opportunities

Adoption of Additive Manufacturing

The aerospace industry requires new materials and metals to push the boundaries of material science and engineering. Additive printing or 3D printing assists aircraft manufacturing companies in producing spare parts as rapidly as possible to reduce aircraft on the ground (AOG) time.

Commercial airline carriers are dependent on maintenance, repair, and overhaul (MRO) operators to conduct required repairs and maintenance checks. Additive manufacturing helps companies in producing new prototypes of spare parts and new geometrical shapes that are of low weight but high strength levels. For instance, Norsk Titanium US Inc. has supplied 3D printed titanium components to Boeing since 2021. The parts were certified by the U.S. federal agency, Federal Aviation Administration (FAA), for production in the same year. It continues to be the supplier for Boeing till the end of 2025.

Market Challenges

Rising Costs of Raw Materials

Rising costs of raw materials such as titanium, specialty metals, and rare earth elements can negatively impact the global aerospace parts manufacturing market. This is due to the impact of the shortage of these materials on the production timeline of aircraft and aircraft parts.

The titanium metal supply chain has its roots in Eastern Europe, namely Russia. But, sanctions on the country by the U.S. and other countries due to geopolitical tensions can create supply chain issues.

The U.S. was pressuring G7 and Europe to introduce sanctions on titanium metal produced from Russia in October 2024. However, this can impact production schedules for major airplane makers. Airplane makers such as Boeing and Airbus value titanium for its corrosion resistance and lightweight nature. Boeing is asking its suppliers for a 10-year paper trail to prove the legitimacy of titanium purchases after the discovery of falsified papers.

Analyst’s View

“The aerospace parts manufacturing market is set for a stable growth rate over the forecast period due to increasing air travel and cargo traffic,” quips Mr. Suraj Bhanudas Jagtap, a senior management consultant working in Coherent Market Insights.

“The commercial aircraft segment is forecasted to generate maximum revenue for the global market due to the need for spare parts for continuous maintenance. Increased spending by original equipment manufacturers (OEMs) like Boeing into developing countries to expand their footprint can drive market revenue.

Market players need to invest in research and development to fuel innovation in OEMs. Strategic partnerships and development of sustainable materials can pave the way for the competition in the global aerospace parts manufacturing market going forward.”

Recent Developments

GE Aerospace is expected to invest nearly USD 1 billion in 2025 to strengthen its supply chain network and manufacturing capacity. This is attributed to a strong travel economy and demand for spare aeronautic parts.

Competitor Insights

• CAMAR Aircraft Parts Co.
• Boeing
• PARKER HANNIFIN
• Bombardier Inc.
• Lockheed Martin Corporation
• Honeywell International Inc.
• Teijin
• Safran
• Alcoa Corporation
• Elbit Systems Ltd
• Intrex Aerospace
• Arconic Corporation
• GENERAL ELECTRIC
• Triumph Group, Inc
• JAMCO Corporation
• Collins Aerospace
• Airbus Group
• Thales

Market Segmentation

• Product
  • Avionics
  • Engines
  • Aerostructure
  • Cabin Interiors
  • Insulation Components
  • Others
• Aircraft Type
  • Wide-body Aircraft
  • Narrow body Aircraft
  • Turboprop Aircraft
• Application
  • Military
  • Business
  • Commercial

Regional Insights

• North America
  • U.S.
  • Canada
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America
• Europe
  • Italy
  • Germany
  • U.K.
  • Spain
  • France
  • Russia
  • Rest of Europe
• Asia Pacific
  • South Korea
  • India
  • Japan
  • China
  • Australia
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC Countries
  • Israel
  • Rest of Middle East & Africa