Global Aerospace Parts Manufacturing Market Value to Reach USD 1,200 Billion by 2030, Driven by Aircraft Deliveries, Defense Investments, and Sustainability Trends

The aerospace parts manufacturing market is expected to reach USD 1,200 billion by 2030, driven by the rising demand for commercial aircraft, defense modernization programs, and increased investments in the space sector. Key end-users include Airbus, Boeing, and Dassault Aviation, with Thales, Safran, and MBDA as component suppliers. Air travel demand and sustainability trends are also driving growth, with airlines expanding fleets and manufacturers adopting eco-friendly materials.

The global aerospace parts manufacturing market is poised for significant growth, with projections indicating a valuation of USD 1,200 billion by 2030, expanding at a CAGR of about 4% during 2025-30 [1]. This expansion is primarily driven by the rising demand for commercial aircraft, defense modernization programs, and increased investments in the space sector.

Key Drivers

1. Commercial Aircraft Demand: The demand for commercial aircraft is surging, as evidenced by Airbus's delivery of 61 commercial jets in April 2024 compared to 54 in April 2023. This surge is fueled by global passenger traffic growth, particularly in emerging economies [1].

2. Defense Modernization: Governments are investing heavily in fighter jets to strengthen air defense. For example, in 2024, Israel signed a USD 5.2 billion deal with Boeing to acquire 25 F-15 fighter jets, while France placed a USD 5.5 billion order with Dassault Aviation for 42 fighter jets. These deals stimulate the aerospace parts ecosystem [1].

3. Space Sector Investments: The space economy is another strong growth driver. In 2024, SpaceX secured a USD 733 million contract from the US military to launch nine satellites into low Earth orbit (LEO), fueling demand for advanced parts like propulsion systems and sensors [1].

Sustainability Trends

Airlines are under pressure to reduce fuel consumption and carbon emissions. Manufacturers are turning to lightweight composites, carbon fiber, and 3D printing to produce eco-friendly, durable parts. For instance, 3D printing reduces part weight by nearly 55% compared to metals, contributing to sustainability benefits [1].

Challenges

The market faces challenges such as fluctuating raw material prices, particularly for titanium, steel, and composites. These materials are globally sourced and sensitive to supply chain disruptions, wars, and trade restrictions. For example, the Russian invasion of Ukraine in 2022 led to temporary price drops but subsequent supply disruptions drove costs back up [1].

Market Trends

The most prominent trend is the rise of 3D-printed aerospace parts. 3D printing reduces part weight, which translates into sustainability benefits and cost savings. In 2024, Boeing announced tests on its Apache attack helicopter with a fully 3D-printed rotor system, highlighting the shift toward additive manufacturing [1].

Major Players

The market is dominated by global giants such as Boeing, Airbus, Derco RTX, Northrop Grumman, General Electric, and Honeywell, among others. These players are focusing on M&A, capacity expansion, and R&D investments to maintain competitiveness [1].

Conclusion

The aerospace parts manufacturing market is experiencing robust growth, driven by commercial aircraft demand, defense modernization, and space sector investments. Sustainability trends are also shaping the market, with manufacturers adopting eco-friendly materials. However, challenges such as fluctuating raw material prices and supply chain disruptions need to be addressed to ensure sustained growth.

References

[1] https://www.prnewswire.co.uk/news-releases/aerospace-parts-manufacturing-market-fy-2025-30-value-to-reach-usd-1-200-billion-by-2030--driven-by-aircraft-deliveries-defense-investments-and-sustainability-trends-markntel-advisors-302546471.html