Press release
The Aircraft Aftermarket Parts Market is projected to grow to $56.53 billion by 2030, fueled by increasing industry demand.
Aircraft Aftermarket Parts
Market Size Projections and Growth Drivers in the Aircraft Aftermarket Parts Market
The aircraft aftermarket parts market has shown strong expansion in recent years, with its size expected to increase from $37.28 billion in 2025 to $40.64 billion in 2026, reflecting a robust compound annual growth rate (CAGR) of 9.0%. This upward trend is driven by factors such as the growth of the global aircraft fleet, rising maintenance demands, increased commercial air passenger traffic, modernization programs for military fleets, and a general push for operational efficiency in aviation maintenance.
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Looking ahead, the aircraft aftermarket parts market is forecasted to continue its strong growth trajectory, reaching $56.53 billion by 2030 at a CAGR of 8.6%. The anticipated expansion is fueled by the retirement of aging aircraft fleets, increasing demand for cost-effective maintenance solutions, growth in aviation activities within emerging markets, investments in advanced aircraft technologies, and a heightened focus on minimizing aircraft downtime. Key trends shaping this period include greater demand for certified replacement parts for older fleets, adoption of lifecycle extension strategies for components, a rising preference for lightweight aftermarket parts, enhanced inventory management and supply chain efficiency, and growth in component repair and refurbishment services.
Top Players Influencing the Aircraft Aftermarket Parts Market
The aircraft aftermarket parts industry is dominated by several notable companies, including AAR Corp., Airbus Customer Services, Astronics Corporation, Boeing Global Services, Crane Company, Ducommun Incorporated, Eaton Corporation plc, GE Aerospace, GKN Aerospace, HEICO Corporation, Honeywell International Inc., Liebherr-International AG, Lufthansa Technik, Moog Inc., Ontic Engineering and Manufacturing Inc., Parker-Hannifin Corporation, Rolls-Royce Holdings plc, RTX Corporation, Safran S.A., ST Engineering, TransDigm Group Incorporated, and Woodward Inc.
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A significant recent development occurred in April 2026, when TransDigm Group Incorporated, a US-based aerospace manufacturer, acquired Jet Parts Engineering and Victor Sierra Aviation Holdings for $2.2 billion. This strategic acquisition enhances TransDigm's portfolio of proprietary aerospace aftermarket products and expands its footprint across both commercial and business aviation sectors. The integration strengthens TransDigm's capabilities in FAA-PMA replacement parts and repair solutions and supports the company's long-term growth ambitions in the aerospace aftermarket industry. Both Jet Parts Engineering and Victor Sierra Aviation Holdings are US-based firms specializing in aircraft aftermarket parts.
Emerging Trends Impacting the Aircraft Aftermarket Parts Market
Leading companies in the aircraft aftermarket segment are focusing on the development of advanced components designed to endure extreme conditions, such as turbine blades engineered to resist high temperatures and mechanical stress. Turbine blades are critical precision parts that extract energy from high-pressure gases to drive turbine engines.
For example, in November 2024, AAR CORP., a US aerospace and defense aftermarket solutions provider, announced a multi-year supply agreement to exclusively distribute Chromalloy's Parts Manufacturer Approval (PMA) high-pressure turbine (HPT) Stage 1 and Stage 2 turbine blades for the CF6-80C2 engine to the global aftermarket. This agreement, initially set for three years, includes a provisioning order to build inventory of these turbine blades, supporting worldwide distribution efforts.
Detailed Segmentation of the Aircraft Aftermarket Parts Market
The aircraft aftermarket parts market is organized into several key segments to better understand its scope:
1) By Type: Engine Parts, Airframe Parts, Avionics, Landing Gear, Interiors
2) By Material Type: Aluminum Alloys, Composite Materials, Titanium Alloys, Steel Alloys
3) By Distribution Channel: Direct Sales, Authorized Distributors, Online Marketplaces, Independent Parts Suppliers
4) By End User: Commercial Airlines, Maintenance Repair and Overhaul Service Providers, Military and Defense Organizations, Business Aviation Operators, Leasing Companies
Additional subsegments include:
- Engine Parts: turbine blades and vanes, combustion components, compressors, engine bearings
- Airframe Parts: fuselage components, wing components, empennage components, flight control surfaces
- Avionics: flight management systems, communication systems, navigation systems, surveillance systems
- Landing Gear: main landing gear components, nose landing gear components, wheels and tires, braking systems
- Interiors: passenger seats, cabin lighting systems, overhead storage bins, lavatory components
This detailed segmentation provides a clear framework for understanding the diverse product offerings and customer bases within the aircraft aftermarket parts market, highlighting areas of focus and opportunity moving forward.
Our 2026 market reports now offer broader strategic coverage through market attractiveness scoring and analysis, total addressable market (TAM) analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technologies and future trend analysis, along with updated graphics and tables.
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