Aerospace & Defense C-Class Parts Market 2020 Growth Analysis by Key Companies: Precision Castparts, RBC Bearings, Stanley Black & Decker, Inc., Triumph Group, Safran, SKF Group

Exponential growth of the commercial aircraft sector has been driving aerospace & defense C-class parts market. Passenger aircrafts orders have witnessed sharp gains owing to the rise in consumer spending on air travel complemented by the minimized air fares for shifting focus on middle class population.

Strong economic growth of the emerging nations led to improved standard of living, thereby expanding consumer base of the airline industry. Furthermore, the aerospace & defense industry adheres to stringent regulation concerning the safety of the aircraft operations, which requires timely maintenance and repair of the aircrafts. This would in turn, further strengthen aerospace and defense C-class parts market forecast owing to the increasing commercial air traffic.

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On the basis of end-user application, the aerospace & defense C-class parts market draws growth form military and defense, spacecrafts, and commercial segment. Among these, the commercial end-use sector established itself as the biggest segment in 2018 due to increased number of air passengers, lowering air travel charges owing to the cutthroat competitions between airlines and the emerging travel and tourism industry.

The commercial segment accounted for total of over 55% by revenue of the market share in 2018 and it is expected to touch the USD 8 billion mark by 2025.

The aftermarket segment falling under the distribution channel of aerospace and defense c-class parts industry is expected to earn a market stake of more than 70% till 2025. Aftermarket primarily includes market for spare parts, accessories and other components all integrated together. Increasing need for periodic maintenance, overhaul and repair services (MRO) should upsurge the aircraft aftermarket c-class parts industry over the forecast time span.

The APAC region is projected to account for more than 17% of the aerospace and defense c-class parts industry share during the forthcoming years. The APAC region represents a predominant chunk of the global population, boasting of a rapidly growing middle class income bracket, which is surely expected to trigger the air traffic in the future.

Additionally, government and private organizations are spending massive amounts on airport construction projects; this trend is anticipated to further enhance infrastructure across the landmass and should further promote trade activities. These trends would propel the overall aerospace and defense c-class market outlook in the forecast time span.

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North America accounted for more than 45% overall market share in 2018, owing to the presence of major aircraft and engine manufacturers including Boeing and Lockheed Martin. Ever expanding investment in the military and other defense activities will further propel the product demand over the years ahead. In fact, North America is anticipated to dominate the global aerospace & defense C-class parts market landscape over the forecast period.

Some of the prominent players of the global aerospace & defense C-class parts market: -
1. Amphenol
2. Precision Castparts
3. Arconic
4. Eaton
5. RBC Bearings
6. Stanley Black & Decker, Inc.
7. TriMas Corporation
8. LISI AEROSPACE
9. Triumph Group
10. Safran
11. SKF Group
12. TE Connectivity

Some Points From Table Of Content: -

Chapter 5. Aerospace & Defense C-class Parts Market, By Application
5.1. Global aerospace & defense C-class parts market application insights
5.2. Airframe
5.2.1. Global market estimates and forecast, 2014 - 2025
5.2.2. Global market estimates and forecast, by region, 2014 - 2025
5.3. Interiors
5.3.1. Global market estimates and forecast, 2014 - 2025
5.3.2. Global market estimates and forecast, by region, 2014 - 2025
5.4. Engine
5.4.1. Global market estimates and forecast, 2014 - 2025
5.4.2. Global market estimates and forecast, by region, 2014 - 2025
5.5. System
5.5.1. Global market estimates and forecast, 2014 - 2025
5.5.2. Global market estimates and forecast, by region, 2014 - 2025

Chapter 6. Aerospace & Defense C-class Parts Market, By Distribution Channel
6.1. Global aerospace & defense C-class parts market distribution channel insights
6.2. OEM
6.2.1. Global market estimates and forecast, 2014 - 2025
6.2.2. Global market estimates and forecast, by region, 2014 - 2025
6.3. Aftermarket
6.3.1. Global market estimates and forecast, 2014 - 2025
6.3.2. Global market estimates and forecast, by region, 2014 - 2025

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