United States Aircraft Parts Market to Reach US$ 1.091 billion by 2033 | Top Companies - Boeing, GE Aerospace, Pratt & Whitney, Honeywell | Exclusive Report by DataM Intelligence

Leander, Texas and Tokyo, Japan - Jan.21.2026
As per DataM Intelligence research report "Global Aircraft Parts Market reached US$ 674.15 billion in 2023 and rose to US$ 702.19 billion in 2024, and is expected to reach US$ 1,091.20 billion by 2033, growing with a CAGR of 5.02% from 2025 to 2033."

The aircraft parts market is expanding steadily as demand surges for lightweight materials, advanced avionics, next-generation propulsion systems, and sustainable aviation technologies. Innovations in composite materials, additive manufacturing, digital supply chains, and automation are reducing production cycles, enhancing efficiency, and supporting fuel-efficient designs. Rising air travel, fleet expansions, defense modernization, and collaborations between OEMs, Tier-1 suppliers, and MRO providers are key drivers of global market growth.

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Aircraft Parts Market: Competitive Intelligence
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.
In the Aircraft Parts Market, Boeing, General Electric Company, Rolls-Royce plc, Airbus, Safran S.A., Pratt & Whitney, Leonardo S.p.A., AAR Corp., MTU Aero Engines AG, and Spirit Aero Systems, Inc. collectively propel innovation and global adoption by delivering high-precision components, airframes, engines, avionics, and propulsion systems for commercial, defense, and space applications.

These companies combine expertise in advanced manufacturing, R&D, lightweight composites, and sustainable technologies to address evolving demands for performance, reliability, efficiency, and environmental compliance. Their portfolios cover OEM production, aftermarket support, and specialized solutions across commercial, military, and business aviation segments. By prioritizing quality, traceability, digital integration, and strategic partnerships, they strengthen the Aircraft Parts Market's growth trajectory and its critical role in enabling safer, more efficient, and sustainable air transportation.

Individually and in synergy, these firms' strengths drive competitive differentiation and market expansion in the Aircraft Parts Market through global scale, technological leadership, and supply chain resilience. Boeing and Airbus provide massive OEM integration and program leadership for next-generation aircraft. General Electric Company, Rolls-Royce plc, Pratt & Whitney, and Safran S.A. excel in propulsion and engine technologies with focus on fuel efficiency and emissions reduction. Leonardo S.p.A., MTU Aero Engines AG, and Spirit Aero Systems, Inc. contribute specialized airframe, structural, and systems expertise. AAR Corp. enhances aftermarket and MRO capabilities. Together, they advance the market by blending large-scale production, cutting-edge innovation, and reliable supply, allowing global stakeholders to access high-performance, durable, and forward-looking aircraft components.

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United States: Recent Industry Developments
✅ The U.S. maintains leadership through major players like Boeing, GE Aerospace, Pratt & Whitney (Raytheon Technologies), and Honeywell, with ongoing investments in advanced propulsion, composites, digital twins, and defense programs (e.g., F-35 upgrades and KC-46 enhancements). Government support via FAA's CLEEN program promotes lower-emission technologies and sustains strong demand in commercial, military, and space sectors.

Japan: Recent Industry Developments
✅ Japan grows via precision engineering and Tier-1 supply roles, with Mitsubishi Heavy Industries and Kawasaki Heavy Industries delivering fuselage, wing, and engine components for Boeing and Airbus programs. JAXA-supported initiatives emphasize advanced composites and automation. Recent examples include Mitsubishi's fuselage/wing contributions to regional jets (2024) and Kawasaki's C-2 military transport aircraft program facing certification-related delays, impacting timelines.

Segment Covered in the Aircraft Parts Market:
By Component: Airframe Components Anchor Market Demand
Airframe components account for the largest share, driven by high structural requirements in new aircraft manufacturing and frequent replacement cycles. This includes fuselage sections, wings & winglets, tail & empennage, and landing gear. Propulsion system components covering engines (turbofan, turboprop, turbojet) and engine accessories & modules form the next major segment, supported by efficiency upgrades and engine overhauls.
Avionics (navigation, communication, flight control systems, instrumentation & displays) and mechanical components (actuators & hydraulic systems, pumps & valves, bearings & fasteners) are growing steadily due to increasing aircraft electrification, safety mandates, and digital cockpit modernization. Interior components and other systems such as electrical wiring, fuel systems, and auxiliary power units (APUs) continue to see demand from cabin upgrades and system replacements.
By Application: Commercial Aircraft Dominate Utilization
Commercial aircraft hold the largest market share, fueled by rising passenger and cargo traffic, fleet expansion programs, and sustained orders for narrow-body and wide-body aircraft.
Military and business aircraft segments contribute steadily through defense modernization programs, mission-specific upgrades, and growth in private and corporate aviation.
By Distribution Channel: OEMs Lead, Aftermarket Gains Momentum
OEMs account for a significant share, driven by line-fit installations in new aircraft production.
The aftermarket is a key growth driver, supported by aging global fleets, increasing maintenance, repair, and overhaul (MRO) activities, and long-term sustainment programs.

Regional Analysis
North America - 37.9% Share
North America holds the largest share (37.9% in 2024) due to dominant OEMs (Boeing, GE, Pratt & Whitney), strong defense spending, commercial fleet growth, space initiatives, and advanced R&D in lightweight materials, avionics, and propulsion. Robust MRO infrastructure and government programs fuel sustained leadership.
Europe - Significant Share
Europe maintains a strong position through Airbus, Safran, Rolls-Royce, and others, with focus on commercial programs, sustainability, and defense collaboration.
Asia Pacific - 31.16% Share (Fastest-Growing)
Asia Pacific accounts for 31.16% share in 2024 and grows fastest, driven by rising air travel, commercial expansions in China/India/Japan, defense modernization, MRO investments, and domestic programs (e.g., COMAC C919). Increasing disposable income, industrialization, and supplier roles (e.g., Mitsubishi, Kawasaki) support momentum.
Other Regions (Latin America, Middle East & Africa)
Smaller shares but growing via fleet modernization, emerging aviation markets, and defense needs.

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis (Aviation Sector)
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✅ Live Market & Pricing Trends
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