Aerospace Parts Manufacturing market size & insights

As per recent study by Markntel Advisors The Global Aerospace Parts Manufacturing Market size is valued at around USD 0.99 Trillion in 2026 and is projected to reach USD 1.41 Trillion by 2032. Along with this, the market is estimated to grow at a CAGR of around 5.16% during the forecast period, i.e., 2026-32. 

What are the key drivers in the Aerospace Parts Manufacturing market?

Rising Global Aircraft Production & Fleet Modernization

The surge in global aircraft production and ongoing fleet modernization programs stand as key drivers of the aerospace parts manufacturing industry. Growing air passenger traffic, expanding low-cost carrier operations, and the push for energy-efficient aviation are prompting airlines to replace aging fleets with next-generation aircraft built using lightweight materials and advanced engines. Defense modernization efforts further strengthen this demand. According to Reuters, Airbus delivered 766 commercial aircraft in 2024, up from 735 in 2023. Such steady production momentum increases the need for high-performance components, engines, avionics, and composite structures, encouraging suppliers to expand capacity and adopt precision manufacturing technologies globally.

Advancements & Automation in Manufacturing Technologies

The rapid adoption of advanced manufacturing technologies such as additive manufacturing, 3D printing, robotics, and digital twins is revolutionizing aerospace parts production. These innovations enhance precision, reduce material waste, and lower production costs, making them essential for competitiveness. For instance, Boeing’s collaboration with Norsk Titanium to 3D-print titanium structural parts for the 787 Dreamliner has streamlined production and improved sustainability. Similarly, automation in machining and inspection ensures higher accuracy and consistency. Such advancements enable manufacturers to handle the growing complexity of modern aircraft designs while maintaining faster delivery cycles and superior quality.

What are the key segments in the Aerospace Parts Manufacturing market?

The 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 2020-2032, USD Million
  • Aero structure- Market Size & Forecast 2020-2032, USD Million
  • Cabin Interiors- Market Size & Forecast 2020-2032, USD Million
  • Avionics- Market Size & Forecast 2020-2032, USD Million
  • Insulation Components- Market Size & Forecast 2020-2032, USD Million
  • Other Ancillary Equipment - Market Size & Forecast 2020-2032, USD Million
• By End User
  • Commercial Aircraft- Market Size & Forecast 2020-2032, USD Million
  • Business Aircraft- Market Size & Forecast 2020-2032, USD Million
  • Military Aircraft- Market Size & Forecast 2020-2032, USD Million
  • Space Rocket- Market Size & Forecast 2020-2032, USD Million
  • Others (Training Aircrafts, Satellite, etc.)- Market Size & Forecast 2020-2032, USD Million

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How does geographical analysis highlight in the Aerospace Parts Manufacturing market?

By Region

·       North America

·       South America

·       Europe

·       The Middle East & Africa

·       Asia-Pacific

Who are the key players in 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
• Others

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Key pillars of the research methodology include:

·       Scope & research design – clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample selection & data collection – representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data analysis & validation – rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & finalization – predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for markntel advisors.

Why this markntel advisors research report:

• In-depth market analysis: understand trends and dynamics shaping growth.
• Segmented insights: target specific segments for focused strategies.
• Geographical performance: assess market opportunities by geographic area.
• Emerging technologies: discover advancements like ai integration.
• Risk identification: pinpoint challenges to inform strategic planning.
• Future forecasts: prepare for market changes with actionable projections.

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Our trusted experts are here to help:

MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.

MarkNtel Advisors is a globally recognized market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. Our studies provide global, regional, and country-level intelligence, helping clients assess modernization programs, procurement dynamics, and emerging defense technologies. Built on rigorous primary research, data modeling, and trend calibration, our insights empower stakeholders to anticipate technological shifts and evaluate long-term capability investments. Clients rely on our intelligence for competitive benchmarking, market entry, and defense readiness planning across 80+ countries. Through our Consulting Services, we translate complex data into strategic roadmaps, enabling defense contractors, policymakers, and OEMs to strengthen operational resilience and maintain a strategic edge in evolving defense ecosystems.

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