Aircraft Parts Industry Sector 2025: United States is Leading | Top Leading Companies - Boeing, General Electric Company, Rolls-Royce plc, Airbus, Leonardo S.p.A

DataM Intelligence has published a new research report on "Aircraft Parts Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Market Size & Forecast

2024 Market Size: US$ 702.19 Billion

2033 Projected Market Size: US$ 1,091.20 Billion

CAGR (2025-2033): 5.02%

North America: Largest market in 2024

Asia-Pacific: Fastest-growing region

The U.S. dominates the aircraft parts market, led by Boeing, Raytheon, and GE Aerospace, driven by defense, commercial aviation, and space demand. Advanced R&D in propulsion, composites, and digital twins, along with FAA's CLEEN program and military aircraft investments, reinforce its global leadership.

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Driver: Growth of Defense Aviation Programs and Military Fleet Modernization

The U.S. Air Force has awarded contracts to key suppliers like Lockheed Martin and Raytheon Technologies for F-35 and KC-46 fleet upgrades. These initiatives demonstrate how defense aviation programs are fueling market growth and offering major opportunities for aircraft parts manufacturers globally.

Top Key Players:

Boeing, General Electric Company, Rolls-Royce plc, Airbus, Safran S.A., Pratt & Whitney, Leonardo S.p.A., AAR Corp. (, MTU Aero Engines AG, Spirit AeroSystems, Inc.

Growth Forecast Projected:

The Global Aircraft Parts Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Aircraft Parts Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

Application: The commercial aircraft parts segment is projected to account for 51.1% of the total aircraft parts market.

Growth is driven by rising airline orders and air travel, with Boeing, Airbus, COMAC, Mitsubishi Heavy Industries, and Spirit AeroSystems supplying advanced components for 737, 777, and regional jets.

By Component: (Airframe Components (Fuselage Sections, Wings & Winglets, Tail & Empennage, Landing Gear) Propulsion System Components (Engines (Turbofan, Turboprop, Turbojet), Engine Accessories & Modules)), Avionics (Navigation Systems, Communication Systems, Flight Control Systems, Instrumentation & Displays) Mechanical Components (Actuators & Hydraulic Systems, Pumps & Valves, Bearings & Fasteners) Interior Components (Seating Systems, Cabin Interiors, Galley & Lavatory Systems) Other Components (Electrical Systems & Wiring, Fuel Systems, Auxiliary Power Units (APUs)))

By Application: (Commercial Aircraft, Military Aircraft, Business Aircraft, Others)

By Distribution Channel: (OEMs, Aftermarket)

Regional Analysis for Market:

In 2024, North America held a 37.9% share of the global aircraft parts market.

North America leads the global aircraft parts market, driven by aerospace giants like Boeing, GE Aviation, Honeywell, and Pratt & Whitney. Strong domestic supply for engines, avionics, and landing gear, advanced manufacturing, MRO infrastructure, and government-backed R&D e.g., F-35 and KC-46 fleet modernization support growth, despite raw material costs and long certification cycles.

In 2024, Asia-Pacific held a 31.16% share of the aircraft parts market and is the fastest-growing region, driven by rising commercial and defense demand, expanding MRO services, and growing aerospace capabilities in China (COMAC, AVIC), Japan, South Korea, and India.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Aircraft Parts producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Aircraft Parts revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Aircraft Parts Market?

A: The Aircraft Parts Market stood at US$ 702.19 billion in 2024 and is set to experience remarkable growth, reaching US$ 1,091.20 billion by 2033

Q2: How fast is the Aircraft Parts Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 5.02% from 2025 to 2032

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