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
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