Aerospace Components Manufacturing Market to Value $1,233.2 Billion by 2030 – Grand View Research, Inc. | So Good News

San Francisco, November 24 2022 /PRNewswire/ — The global aerospace components manufacturing market size is expected to reach 1,233.2 billion USD By 2030, according to a new report by Grand View Research, Inc The market is expected to attain a CAGR of 4.0% during the period 2022 to 2030, and increasing passenger and cargo traffic in developing countries is driving the production of advanced aircraft, which will fuel market growth.

Numerous aircraft manufacturers are primarily involved in the component manufacturing process, thus providing flexibility in the overall value chain. These companies own in-house factories for manufacturing and supplier contracts for purchasing components. Manufacturers also design, We also focus on purchasing raw materials and quality control of third-party supplier parts.

Key business insights and findings from the report:

• Based on product, aerodynamic structure dominated the market and accounted for a revenue share of over 52.2% in 2019. The rate of replacement of expensive composite aluminum in airframe structures and bodywork is driving product demand significantly.

• Based on end-use, commercial aircraft is projected to expand at the fastest CAGR of 4.6% during 2022 to 2030. In order to limit carbon emissions, some notable changes in aircraft structure have been made by replacing existing components with lighter materials. Such innovations are a boon for market growth.

• Hi Asia Pacific Revenue from the market 149.6 billion USD In 2019, it is projected to expand at a growth rate as rapid developments in the aviation industry boost the growth of MRO services and aerospace parts manufacturing.

• Manufacturing the world market, Controlled by strict standards for safety standards and certifications, entry of new entrants into the market is restricted.

• Emerging players Asia Pacific The region that offers innovative cost-effective solutions to end users is likely to challenge established players. North America versus EuropeThus, competition in the market is disrupted.

311-page market research report; “Aerospace Parts Manufacturing Market Size, Share & Trends Analysis Report by Product, (Insulation Components, Aerostructure), End Use (Commercial Aircraft, Commercial Aircraft), by Region, and Segment Forecasts, 2022 – 2030” Published by Grand View Research.

Aerospace Components Manufacturing Market Growth and Trends

The aerospace parts manufacturing market is mainly concentrated in the North American and European regions due to the presence of prominent aircraft manufacturers. Countries included. China versus India It is projected to emerge as major markets in the coming years. This is due to the rapid development of manufacturing and export activities. The worldwide trade of parts and sub-parts has grown by more than 25% in the past decade. However, the sector is still tied with the top 3 countries, including the US. Franceversus GermanyAbout 60% of total aircraft production.

The market has witnessed the rise of collaboration and joint venture strategies among key vendors. It limits the risks involved, enabling companies to sustain themselves in a highly competitive market in terms of technological advancements and geographic expansion. In addition, companies can easily enter the market and sign long-term contracts.

Aerospace Components Manufacturing Market Segmentation

Grand View Research products, The global aerospace parts manufacturing market is segmented on the basis of end-use and region.

Aerospace Components Manufacturing Market – Product Outlook (Revenue, USD Billion, 2017 – 2030)

Aerospace Components Manufacturing Market – End Use Outlook (Revenue, USD Billion, 2017 – 2030)

• Commercial aircraft

• Business aircraft

• Military aircraft

• Another plane

Aerospace Components Manufacturing Market – Regional Outlook (Revenue, USD Billion, 2017 – 2030)

• North America

• Europe

• Asia Pacific

• central & South America

• middle East & Africa

List of Key Players in Aerospace Components Manufacturing Market

• JAMCO CORPORATION

• Intrex spacecraft

• Rolls Royce plc

• CAMAR AIRCRAFT PARTS COMPANY

• The Safran Group

• Woodward Hexcel

• Engineered Propulsion System

• Eaton Corporation plc

• Aequus

• GE Aviation

• Textron, Inc.

• Raytheon Technologies Corp.

• MTU Aero Engines AG

• Superior Air Beijing

• Honeywell International, Inc.

• Mitsubishi Heavy Industries, Ltd.

• Integrated Technology Research Malaysia Sdn. Bhd. (CTRM)

• Kawasaki Heavy Industries Ltd.

• IHI Corporation

• Subaru Corporation

• Lufthansa Technik AG

• Spirit AeroSystems, Inc.

• Ducommun, Inc.

• Liebherr International AG

• Elektro-Metall Export GmbH

• Diehl Aviation

• Panasonic Avionics Corporation

• Thales group

• Dassault Group

• Parker Hannifin Corporation

• Chemetall GmbH

• Daher group

See more related studies published by Grand View Research.

• Aviation and Defense MRO Market – The global aerospace and defense MRO market size is expected to reach 187.3 billion USD Grand View Research, Inc. According to a new report by 2030, it is expected to expand at a CAGR of 5.5% from 2022 to 2030. The growth of the aerospace and defense MRO industry is driven by the expansion of aircraft fleets; Due to rapid urbanization. In emerging countries, The increasing number of travelers from around the world and the penetration of low-cost carriers (LCC).

• US Aerospace Components MRO Market – US aerospace parts MRO market size expected to reach 4.4 billion USD According to a new report by Grand View Research, Inc, the growth of the aerospace sector in the US at a CAGR of 1.6% by 2027 is projected to drive the demand for MRO services. Therefore, business growth is encouraged. Rapid growth in air transportation has led to expansion of fleet size in the aviation industry, which is a key driver for market growth.

• Aerospace Adhesives & Sealants Market – Expected to reach the global aerospace adhesives and sealants market size. 1.8 billion USD Expanding at a CAGR of 5.7% by 2027, according to a new report by Grand View Research, Inc. Investments in new manufacturing facilities by aerospace Original Equipment Manufacturers (OEMs) are likely to drive market growth in the long term.

View via Grand View Research. Advanced interior materials Industry Research reports.

About Grand View Research

Grand View Research, The US-based market research and consulting firm provides aggregated as well as customized research reports and consulting services. Registered in California and in the headquarters. San FranciscoThe firm has 425 analysts and consultants and adds more than 1,200 market research reports to its extensive database each year. These reports provide in-depth analysis of 46 industries in 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research understands the global and regional business environment and gauges future opportunities from Fortune 500 companies and renowned academic institutes.

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Source: Grand View Research, Inc.