Aerospace Parts Manufacturing Market to Reach USD 1.79 Million by 2032, Growing at a 4% CAGR - Driven by Demand for Lightweight, Fuel-Efficient Aircraft

The market is projected to expand steadily through 2032, propelled by rising aircraft fleet renewals, technological advancements, and increased investment in next-generation aerospace systems.

According to a new report by Maximize Market Research, the global Aerospace Parts Manufacturing Market was valued at USD 1.31 million in 2024 and is projected to reach nearly USD 1.79 million by 2032, growing at a CAGR of 4% during the forecast period. The growth is primarily driven by surging demand for fuel-efficient, lightweight, and technologically advanced aircraft across both civil and military aviation sectors.

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Key Highlights:

Market Size: USD 1.31 million (2024); projected USD 1.79 million by 2032.
CAGR (2025-2032): 4%.
Leading Segment: Commercial aircraft segment leads, supported by growing passenger traffic and fleet renewals.
Fastest-Growing Region: North America dominates due to major OEM presence and advanced manufacturing ecosystems.
Key Drivers: Rise in MRO activities, aircraft electrification, UAV adoption, and government-funded aerospace R&D programs.
Top Companies: Dassault Systems, Rolls Royce Plc., Airbus, Eaton Corporation Plc., Safran Group, Zodiac Aerospace, and Triumph Group.
Market Outlook

The aerospace parts manufacturing industry continues to evolve with increasing adoption of lightweight composites, advanced propulsion systems, and digital manufacturing approaches. Boeing's revised forecasts indicate a continued rise in aircraft deliveries over the next decade, reflecting a strong recovery in commercial aviation post-pandemic. The adoption of concurrent engineering and integrated product development methods is expected to enhance design efficiency and reduce production costs.

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Regional Insights

North America remains the leading regional market, fueled by high defense procurement and extensive investments in R&D, especially from U.S. entities like NASA and the Department of Defense. Europe follows closely with major contributions from Airbus and the European Space Agency's ESTEC center in the Netherlands. In Asia Pacific, growing MRO demand and expansion of manufacturing facilities across China and India are accelerating regional growth.

Key Players

Prominent industry participants include Rolls Royce Plc., Airbus, Dassault Systems, Lycoming Engines, JAMCO Corporation, Eaton Corporation Plc., Safran Group, Intrex Aerospace, Sumitomo Precision Products, and Triumph Group. These companies are increasingly collaborating to expand production capabilities and support innovations in electric and hybrid propulsion systems.

Interested in market data? The research report summary provides critical insights: https://www.maximizemarketresearch.com/market-report/global-aerospace-parts-manufacturing-market/106449/

Quote:

"Aerospace manufacturers are entering a transformative phase defined by digital integration, lightweight materials, and electrification," said an analyst at Maximize Market Research. "The convergence of defense spending, commercial aircraft recovery, and unmanned aerial systems is creating significant opportunities across global supply chains."

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