Aerospace Parts Manufacturing Market Overview

According to Market Research Future (MRFR), the Aerospace Parts Manufacturing Market was valued at USD 82.9 billion in 2023 and is anticipated to reach USD 120.5 billion by 2035, growing at a CAGR of 3.17% from 2025 to 2035. This growth is fueled by the rising demand for fuel-efficient aircraft, advancements in manufacturing technologies, and increased investments in military aerospace

The Aerospace Parts Manufacturing Market has emerged as a critical segment of the global aerospace industry, supplying essential components required for the production, maintenance, and modernization of commercial, military, and general aviation aircraft. This market encompasses a wide range of parts, including fuselage sections, wings, propulsion systems, avionics, landing gear, and interior components, each adhering to stringent safety, durability, and performance standards.

The market’s scope extends beyond OEM (original equipment manufacturer) supply to include aftermarket services, such as repairs, refurbishments, and component upgrades, ensuring continuous operational readiness of the global aircraft fleet.

The industry’s growth trajectory is shaped by rising air travel demand, fleet modernization programs, and the expansion of defense budgets across major economies. Additionally, the shift toward lightweight materials such as composites and titanium alloys, combined with the adoption of additive manufacturing, has transformed production methodologies. As aerospace OEMs increasingly outsource manufacturing to specialized suppliers, the aerospace component production has become a highly competitive and innovation-driven arena where quality, cost-efficiency, and technological capability determine long-term success.