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.

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets