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Aircraft Parts Market worth $1,348.68 billion by 2030, growing at a CAGR of 5.46% - Exclusive Report by 360iResearch
Aircraft Parts Market | 360iResearch
The Global Aircraft Parts Market to grow from USD 929.16 billion in 2023 to USD 1,348.68 billion by 2030, at a CAGR of 5.46%.
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The aircraft parts market encompasses the manufacturing, distribution, and aftermarket services for various components utilized in assembling, maintaining, repairing, and overhauling commercial and military aircraft. This sector includes airframe systems, avionics systems, propulsion systems, landing gear systems, interiors, and cabin elements, among other miscellaneous components. The primary application of this market is in the aerospace industry for commercial airlines, cargo carriers, charter operators, regional airlines, and military aviation. Growing demand for air travel owing to globalization and rising disposable incomes; technological advancements that enable more efficient designs with enhanced performance capabilities. The defense sector plays a significant role in global security affairs; therefore, higher expenditures on military equipment also positively impact the growth of this market. However, there are challenges faced by the aircraft parts market, including stringent regulatory compliance requirements that could hinder growth. Also, rising costs of raw materials and production of aircraft parts and potential supply chain disruptions due to geopolitical tensions or natural disasters may hamper market growth. Potential opportunities within the sector involve using eco-friendly materials driven by environmental awareness and increasing adoption of 3D printing and nanotechnology in aviation part manufacturing for cost-effective production of customized aircraft parts, which is expected to create growth opportunities in the aircraft part market.
In the Americas, the United States and Canada constitute a significant portion of the global aircraft parts market owing to their well-established aerospace industry. The region is home to major aerospace manufacturers and has witnessed demand for aircraft parts in commercial aviation, defense & security sectors. The EMEA region has also experienced considerable growth in its aircraft parts industry due to increased air passenger traffic levels and investments in modernizing commercial fleets. However, stringent regulations on carbon emissions from aviation are driving efforts toward more fuel-efficient designs or alternative propulsion systems. The Asia-Pacific region has witnessed unprecedented growth in its aircraft parts industry due to rapid economic development and rising disposable incomes, which have fueled air travel demand across countries such as China, India, and Indonesia. This surge in air traffic has led to fleet expansion by various carriers, thereby increasing the need for aircraft components such as engines, avionics systems, and interiors.
Market Segmentation & Coverage:
This research report categorizes the Aircraft Parts Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Parts, market is studied across Cabin Interiors, Empennage, Engines, Fuselage, Landing Gear, Propeller, and Wings & Flaps. The Fuselage is projected to witness significant market share during forecast period.
Based on Material Type, market is studied across Aluminum Alloy, Carbon Fibers, Composite Material, Steel Alloy, and Titanium Alloy. The Carbon Fibers is projected to witness significant market share during forecast period.
Based on Application, market is studied across Business Aircraft, Commercial Aircraft, and Military Aircraft. The Commercial Aircraft is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.34% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Aircraft Parts Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Aircraft Parts Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Aircraft Parts Market, highlighting leading vendors and their innovative profiles. These include A J Walter Aviation Limited, Aventure International Aviation Services, BAE Systems PLC, Bombardier Inc., Diehl Stiftung GmbH & Co. KG, Ducommun Incorporated, Eaton Corporation PLC, General Electric Company, GKN Aerospace, Griffon Aerospace, Honeywell International Inc., Indy Honeycomb, Intrex Aerospace, JAMCO Corporation, Mitsubishi Heavy Industries, Ltd., Moog Inc., Parker-Hannifin Corporation, Raytheon Technologies Corporation, Rolls-Royce Holdings plc, Safran S.A., Senior PLC, Sky Dynamics Corporation, Textron Inc., Thales Group, and The Boeing Company.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Aircraft Parts Market, by Parts
7. Aircraft Parts Market, by Material Type
8. Aircraft Parts Market, by Application
9. Americas Aircraft Parts Market
10. Asia-Pacific Aircraft Parts Market
11. Europe, Middle East & Africa Aircraft Parts Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Aircraft Parts Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Aircraft Parts Market?
3. What is the competitive strategic window for opportunities in the Aircraft Parts Market?
4. What are the technology trends and regulatory frameworks in the Aircraft Parts Market?
5. What is the market share of the leading vendors in the Aircraft Parts Market?
6. What modes and strategic moves are considered suitable for entering the Aircraft Parts Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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