Global Aerospace Parts Manufacturing Strategic Business Report 2023: Rise of Context Aware Aircraft to Broaden Demand for Antennas

DUBLIN, June 28, 2023 /PRNewswire/ — The “Aerospace Parts Manufacturing: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Aerospace Parts Manufacturing estimated at US$608 Billion in the year 2022, is projected to reach a revised size of US$1 Trillion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Aerostructures, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$495.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Engines segment is readjusted to a revised 7.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $188.9 Billion, While China is Forecast to Grow at 9.2% CAGR

The Aerospace Parts Manufacturing market in the U.S. is estimated at US$188.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$146.1 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.1% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 6.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$83.9 Billion by the year 2030.

Select Competitors (Total 91 Featured) –

• Aequs Pvt. Ltd.

• Aero Engineering & Manufacturing Co.

• CAMAR Aircraft Parts Company

• Chemetall GmbH

• Composite Technology Research Malaysia Sdn. Bhd.

• Dassault Group

• Diehl Aviation Laupheim GmbH

• Ducommun, Inc.

• Eaton Corporation plc

• Elektro-Metall Export GmbH

• GE Aviation, a subsidiary of General Electric

• Honeywell International, Inc.

• IHI Corp.

• Intrex Aerospace Company

• JAMCO Corporation

• Kawasaki Heavy Industries Ltd.

• Liebherr International AG

• Mitsubishi Heavy Industries, Ltd.

• MTU Aero Engines AG

• Panasonic Avionics Corp.

• Parker Hannifin Corp.

• Raytheon Technologies Corp.

• Rolls-Royce Holdings plc

• Safran Group

• Spirit AeroSystems, Inc.

• Subaru Corp.

• Textron, Inc.

• Thales Group

• Woodward, Inc.

Story continues

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Automation, the Central Theme in the Manufacturing Industry in 2022 & Beyond

• Global Manufacturing Industry Sways to the Automation Tune: Global Opportunity for Industrial Automation (In US$ Billion) for Years 2022, 2024 and 2026

• Global Economic Update

• Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022

• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024

• War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023

• Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023

• Competition

• Aerospace Engine – Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• World Brands

• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• A Slowly Recovering Commercial Aviation Industry Amid Continuing Challenges Brightens the Outlook for Aircraft Supply Chain OEMs for 2023

• A Steady, Although Slow, Recovery Trajectory of Commercial Aviation to Bring Hope to OEMs in the Commercial Aircraft Supply Chain: Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023

• As the World Steps Up Military Spending in the Wake of the Russia Ukraine War, It is Uninterrupted Growth for OEMs in the Military Aircraft Supply Chain

• Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2022 (In US$ Billion)

• Putin’s Nuclear Sabre Rattling Puts the World on Edge & Defense Spending on Top of the Priority List in an Increasingly Nervous, Multipolar World: Global Inventory of Nuclear Warheads by Country for the Year 2022 (In Units)

• Machining Centers Evolve as Preferred Tools for Manufacturing Critical & Complex Aircraft Parts & Components

• Strong Opportunities for Microporous Insulation in Aircraft Parts Manufacturing

• A Strong Aircraft MRO Market to Ensure Steady Demand Flow for Replacement Aircraft Parts & Components

• Robust Spending on MRO Opens a Parallel Opportunity for Maintaining a Strong MRO Inventory Comprising of Spare/Replacement Parts & Components: Global Aircraft Maintenance, Repair and Overhaul (MRO) Market (In US$ Billion) for Years 2021, 2023, 2025 and 2027

• Aircraft PMA Parts Usage Becomes Widespread

• Aging Aircraft Fleet, an Opportunity for Fleet Upgrades and Replacement Parts & Components

• Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030

• Additive Manufacturing Storms Into the Spotlight in the Aerospace Sector. Here’s Why

• A Massive Shift to Additive Manufacturing Practices Represents an Overarching Trend in the Aerospace Parts Manufacturing Market: Global Opportunity for Aerospace Additive Manufacturing (In US$ Million) for Years 2021, 2023, 2025 and 2027

• With Airlines Making Investments in Cabin Makeovers & Modifications, Demand for Cabin Components to Witness Growth

• Aerospace Valves in the Spotlight

• Overview & Outlook of the Often Neglected Workhorse of Aircraft Engineering – Fasteners

• The Rise of Context Aware Aircraft to Broaden Demand for Antennas

• Robust Outlook for the Future of Connected Aviation to Open Up Aircraft Connectivity Challenges & New Opportunities for Antenna Manufacturing: Global Number of Connected Aircraft (In Units) for the Years 2021, 2025 & 2029

• Innovative Aircraft Engines Grow in Commercial Value in Both Civilian & Military Sectors

• The Most Important Part of Aerospace Manufacturing is Material Innovation. Here’s Why

• Blockchain Storms Into the Spotlight for Aerospace Parts Tracking

• How Artificial Intelligence is Changing the Aerospace Manufacturing Industry

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/b8ksqz

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