United States Aircraft Parts Market 2025: Industry Developments, Future Growth, Share & Industry Insights | Rolls-Royce plc, Airbus, Safran S.A., Pratt & Whitney, Leonardo S.p.A., AAR Corp.

Global aircraft parts market reached US$ 674.15 billion in 2023, with a rise to US$ 702.19 billion in 2024, and is expected to reach US$ 1,091.20 billion by 2033, growing at a CAGR of 5.02% during the forecast period 2025-2033.

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USA - Industry Latest News 2025:

✅ Jet Parts Engineering (JPE) secured multiple FAA PMA approvals (dozens of new PMA parts and DER repairs across 737NG, A320 family, A330, A350 items) expanding independent parts supply and aftermarket alternatives.

✅ Private-equity / industrial transactions: KKR has been active selling aerospace parts assets (example: Novaria Group sale to Arcline) signalling PE reshuffling in aerospace components.

✅ Aftermarket strain: MRO and operators report higher repair costs, limited parts availability and labor shortages driving increased spending on spares and logistics optimization.

✅ Materials / advanced parts innovation: new high-temperature resin systems and composite process improvements are being marketed to speed manufacture of heat-resistant/machined aerospace parts.

Europe - Industry Latest News 2025:

✅ Big M&A ripple: Boeing's $4.7B acquisition of Spirit AeroSystems cleared EU antitrust conditions after divestiture commitments to preserve Airbus supply lines - a major aerostructures consolidation story affecting European suppliers.

✅ Regulators & divestitures: the EU review forced Boeing/Spirit to propose asset sales (including sites supplying Airbus) - likely to reshuffle European-tier suppliers and subcontract networks.

✅ Market backdrop: industrial/M&A activity across aerospace suppliers is rising again after tariff and macro uncertainty PE sellers and strategic buyers are active in 2025.

Japan - Industry Latest News 2025:

✅ Long-term fleet & parts demand: ANA announced multi-manufacturer aircraft purchases (Boeing, Airbus, Embraer) that imply major long-term demand for spare parts, engines and MRO services.

✅ MRO & systems deals: Collins Aerospace (RTX) renewed/expanded FlightSense and maintenance support contracts in Japan (notably with Japan Airlines) - emphasizing components, environmental control and electric power systems work for Dreamliners.

✅ National push / investments: Japan is increasing aerospace funding and incentives (including space & propulsion investments) - a policy tailwind for domestic parts suppliers and advanced materials.

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Market Growth Drivers:

✅ Rising Global Air Passenger Traffic

The rapid increase in global air passenger traffic continues to be a major growth engine for the aircraft parts market. As airlines expand their fleets and extend aircraft utilization rates to meet demand, the need for components such as avionics, landing gear, airframes, and engine parts rises significantly. This sustained growth in commercial aviation encourages both OEMs and aftermarket players to enhance production capabilities while adopting advanced materials and digital technologies to shorten lead times and improve part reliability.

✅ Fleet Modernization and Replacement Cycles

Airlines worldwide are prioritizing fleet renewal to achieve better fuel efficiency, reduce emissions, and lower long-term maintenance costs. Modern aircraft rely heavily on lightweight composites, next-generation engines, and advanced electronic systems-driving high demand for replacement and new-build aircraft parts. As aging fleets reach their maintenance thresholds, the market experiences accelerated activity in overhauls, component upgrades, and life-extension programs, further strengthening overall market growth.

✅ Rising Demand for Aftermarket MRO Services

The expanding emphasis on Maintenance, Repair, and Overhaul (MRO) services serves as another strong market catalyst. With aircraft becoming more technologically sophisticated, airlines and defense operators depend on reliable MRO solutions to ensure operational safety and regulatory compliance. This trend fuels demand for certified spare parts, engineered components, and performance-enhancing upgrades. Additionally, the shift toward predictive maintenance and digital twins is creating new opportunities for advanced, data-driven aircraft part solutions.

Segments Covered in the Aircraft Parts Market:

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 Aircraft Parts Market:

⇥ 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)

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Major 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 Aero Systems, Inc.

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