What's driving the Aerospace and Defense C-class Parts Market Growth? Amphenol Corporation, Precision Castparts Corporation, Arconic Inc., Eaton Corp., RBC Bearings Incorporated, Stanley Black & Decker, Inc., Trimas Corporation, National Aerospace Fastene

Prominent reports reveal that the aftermarket segment held about 70% of global aerospace and defense c-class parts market share. The role of OEMs is also gaining considerable traction due to increasing penetration in MRO market and the ability to serve customers according to their requirements. Driven by such initiatives, aerospace & defense c-class parts industry is anticipated to garner significant revenues over the forecast timeline.

Global aerospace and defense c-class parts market is poised to experience remarkable momentum in the years to come, owing to gradual increase production of commercial aircraft and strong defense spending. With rising passenger traffic and cheaper airfares coupled with upsurge of disposable income of middle-class groups, the booming aviation sector will offer lucrative growth perspectives to various ancillary businesses, leading to swift expansion of aerospace c-class components industry.

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In recent years, tremendous progress has been achieved in the development of aerospace materials. Advancing future materials with higher mechanical performance and corrosion resistance was a key focus to achieve top-class improvements in quality, life cycle costing and to enable lighter parts, highlighting key aerospace and defense c-class parts market trends.

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.

Constant increase in defense budget attributed to the rise in geopolitical tensions has led to an arms battle among some of the major economies like Russia, United States, China, and India. A flagship aviation magazine, Aviation Week, predicts that in-service fleet aircrafts will increase significantly by the end of 2027. Reportedly there were 41,605 in service aircrafts in 2017 which are expected to grow by 1,230 by 2027. Moreover, there is demand for 834 aircrafts and helicopters by multiple defense forces around the globe.

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Some Point from Table of Contents:

Chapter 4. Aerospace and Defense C-class Parts Market, By Part Family/Component
4.1. Global aerospace & defense C-class parts market component insights
4.2. Fasteners
4.2.1. Global market estimates and forecast, 2014 - 2025
4.2.2. Global market estimates and forecast, by region, 2014 - 2025
4.3. Bearings
4.3.1. Global market estimates and forecast, 2014 - 2025
4.3.2. Global market estimates and forecast, by region, 2014 - 2025
4.4. Electrical
4.4.1. Global market estimates and forecast, 2014 - 2025
4.4.2. Global market estimates and forecast, by region, 2014 - 2025
4.5. Machined parts
4.5.1. Global market estimates and forecast, 2014 - 2025
4.5.2. Global market estimates and forecast, by region, 2014 - 2025

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