US Aerospace Fasteners Market Research Report: By Product (Nuts & Bolts, Rivets, Screws, Others), By Material (Aluminum, Alloy Steel, Titanium, Others) and By End-User (Fuselage, Control Surfaces, Interior) - Forecast to 2035

US Aerospace Fasteners Market Research Report: By Product (Nuts & Bolts, Rivets, Screws, Others), By Material (Aluminum, Alloy Steel, Titanium, Others) and By End-User (Fuselage, Control Surfaces, Interior) - Forecast to 2035.

US Aerospace Fasteners Market Overview:

As per MRFR analysis, the US Aerospace Fasteners Market Size was estimated at 1.26 (USD Billion) in 2023. The US Aerospace Fasteners Market Industry is expected to grow from 1.5(USD Billion) in 2024 to 3.2 (USD Billion) by 2035. The US Aerospace Fasteners Market CAGR (growth rate) is expected to be around 7.131% during the forecast period (2025 - 2035).

Key US Aerospace Fasteners Market Trends Highlighted

The US Aerospace Fasteners Market is experiencing significant trends driven primarily by the increasing demand for lightweight materials in aircraft manufacturing. The aerospace industry in the US continues to prioritize fuel efficiency, resulting in a strong focus on the development and use of high-strength, lightweight fasteners. With technological advancements, such as the integration of carbon fiber and advanced composites, the market is evolving to adapt to these materials. This shift not only enhances fuel efficiency but also contributes to overall aircraft performance. There are also key market drivers like the rising need for air travel and the expansion of the commercial aviation sector in the US.The Federal Aviation Administration (FAA) is actively working to support this growth through regulations that encourage safety and reliability in aircraft components, including fasteners. Additionally, the resurgence of military aircraft spending and the modernization of aging fleets are driving demand for high-quality aerospace fasteners. Opportunities within the market include the growing trend towards sustainability and the adoption of green technologies in aerospace manufacturing. Companies are investigating biodegradable materials and energy-efficient manufacturing processes, which may lead to innovative fastener solutions. Furthermore, with advancements in 3D printing, the production of customized fasteners is becoming more accessible, allowing manufacturers to meet specific design requirements.Recent trends show an increase in collaborations between aerospace manufacturers and suppliers to enhance supply chain resilience, addressing challenges posed by global disruptions. This cooperation is crucial as it helps to ensure a consistent supply of aerospace fasteners, fostering innovation and responsiveness to market changes. Overall, the US Aerospace Fasteners Market is on a path of dynamic growth, shaped by the pursuit of modernization, efficiency, and sustainability.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Aerospace Fasteners Market Drivers

Increasing Demand for Commercial Aircraft

The US Aerospace Fasteners Market Industry is witnessing significant growth driven by the increasing demand for commercial aircraft. According to the Federal Aviation Administration, the US airline industry is expected to see a consistent annual increase in passenger volume, projected to reach over 1 billion by 2038. This increased air traffic drives the need for more aircraft and consequently elevates the demand for aerospace fasteners. Major companies such as Boeing and Airbus are responding to this demand by ramping up production rates.In addition, the ongoing recovery from the COVID-19 pandemic has stimulated air travel growth, further emphasizing the need for new aircraft. The US Aerospace Fasteners Market Industry sees a direct correlation between aircraft orders and fastener part requirements, making this demand a crucial driver for market growth. With the expected rise in aircraft deliveries, the market for aerospace fasteners is likely to expand even more significantly.

Technological Advancements in Fastening Solutions

Advancements in fastening technology are propelling growth in the US Aerospace Fasteners Market Industry. Innovations such as lightweight fasteners made from advanced composite materials are becoming essential for modern aircraft design. According to the National Institute of Standards and Technology, the adoption of these materials can lead to weight reductions by up to 15 percent, which is critical for fuel efficiency. Companies like Alcoa and LISI Aerospace are deeply engaged in R&D to develop new fastening solutions that meet the stringent standards of the aerospace sector.The continued investment in Research and Development by industry leaders ensures that the US Aerospace Fasteners Market remains at the forefront of technological advancements, ultimately contributing to market growth.

Regulatory Compliance and Safety Standards

The US Aerospace Fasteners Market Industry is significantly influenced by stringent regulatory compliance requirements and safety standards. The Federal Aviation Administration imposes rigorous quality and safety regulations, compelling manufacturers to adopt high-quality fasteners for ensuring aircraft safety. According to the FAA, nearly 70 percent of accidents are attributed to human error and equipment failure, making reliable fasteners even more critical.This enforces manufacturers to invest more in advanced fasteners that meet increased safety standards, significantly driving the market for aerospace fasteners. Leading organizations such as Honeywell and Lockheed Martin are major players in this aspect, ensuring compliance and contributing to reliable aircraft safety.

US Aerospace Fasteners Market Segment Insights:

Aerospace Fasteners Market Product Insights

The US Aerospace Fasteners Market space is characterized by its diverse range of product types, which include Nuts and Bolts, Rivets, Screws, and Others. This market segmentation plays a crucial role in meeting the specific needs of the aerospace industry, which is defined by stringent quality and safety standards. Nuts and Bolts are essential for providing secure fastening solutions that withstand the critical demands of aerospace applications, making them significant in the assembly of aircraft structures. Rivets, known for their reliability and strength, offer a preferred method for fastening metal components without compromising the material integrity, which is vital in aerospace engineering.Screws are another important product type utilized extensively due to their versatility and ease of installation, contributing to efficient maintenance and prompt servicing of aircraft. Other components like washers and pins further enhance the reliability and effectiveness of fastener assemblies in the aerospace sector. Collectively, these product segments form the backbone of the aerospace fastener ecosystem, driving advancements and innovation while ensuring compliance with regulatory standards. As the industry progresses, these segments are likely to witness enhanced growth fueled by technological advancements and a rising demand for lightweight materials to improve aircraft performance and fuel efficiency.The trends indicate a shift towards high-strength, lightweight fasteners that can withstand extreme conditions, emphasizing the need for continual research and development within these product categories. Moreover, with the expansion of the aerospace sector in the US, there are numerous opportunities for market players to innovate in materials and manufacturing processes, further pushing the boundaries of what aerospace fasteners can achieve while meeting both safety and performance requirements.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aerospace Fasteners Market Material Insights

The US Aerospace Fasteners Market is experiencing a notable expansion, primarily driven by advances in technology and rising demand from both commercial and military aerospace sectors. The Material segment plays a crucial role in this growth, comprising various materials including Aluminum, Alloy Steel, Titanium, and Others. Aluminum remains a popular choice due to its lightweight properties and corrosion resistance, making it essential for enhancing fuel efficiency in aircraft. Alloy Steel, known for its strength and durability, is significant in applications where high-load resistance is critical.Meanwhile, Titanium is favored for its superior strength-to-weight ratio, which is vital in high-performance aerospace applications. The growing emphasis on weight reduction and enhanced performance in aerospace design continues to push these materials to the forefront of the US Aerospace Fasteners Market. Additionally, environmental regulations and the shift toward sustainable aviation practices create new opportunities for innovative materials that meet rigorous industry standards. Overall, the diverse Material segment is integral to the advancement of aerospace technology, responding to trends that prioritize both performance and sustainability.

Aerospace Fasteners Market End-User Insights

The End-User segment of the US Aerospace Fasteners Market is a critical component driving the industry’s dynamics. With the growing demand for advanced aircraft and increasing air traffic in the United States, the significance of various applications in this segment cannot be understated. The Fuselage, as a primary structure in aircraft, plays a vital role in maintaining aerodynamics and structural integrity, thus necessitating high-quality fasteners for safety and performance. Control Surfaces, which include ailerons, flaps, and rudders, require precision fasteners to ensure responsive handling and stability during flight, highlighting their importance for both commercial and military aviation.Meanwhile, the Interior segment addresses the growing focus on passenger comfort and safety, encompassing elements such as seating, lighting, and cabin configurations that also rely on robust fastening solutions. As the US government supports aerospace initiatives and R&D efforts, the US Aerospace Fasteners Market is well-positioned to capitalize on opportunities arising from technological advancements and evolving regulatory requirements, shaping the future landscape of the aviation sector.

US Aerospace Fasteners Market Key Players and Competitive Insights:

The US Aerospace Fasteners Market is a pivotal segment of the aviation and defense industries, characterized by intense competition and a robust demand for high-quality fastening solutions. This market involves a wide range of products designed for structural and non-structural applications in aircraft, military vehicles, and other aerospace-related mechanisms. Competitors in this market aim to offer innovative designs, superior materials, and advanced manufacturing techniques to meet the stringent requirements set forth by the aerospace sector. As the market evolves, companies are increasingly focusing on developing lightweight and corrosion-resistant fasteners to enhance aircraft performance, safety, and longevity. The competitive landscape is influenced by several factors, including advancements in technology, regulatory standards, and partnerships or collaborations that enhance product offerings and market access.Northrop Grumman stands as a formidable player in the US Aerospace Fasteners Market, leveraging its extensive experience and robust technological capabilities to serve the aerospace sector. The company’s strengths lie in its commitment to quality, reliability, and innovation, allowing it to maintain a significant presence within the industry. Northrop Grumman is recognized for its integrated solutions that address complex fastener needs, particularly in defense-related applications. The company's focus on research and development, combined with its established supply chain, positions it favorably against competitors. Additionally, its ability to adapt to changing aerospace demands and stringent regulatory requirements further solidifies its market standing. With a strong emphasis on sustainability and efficiency, Northrop Grumman continues to explore opportunities for expansion within the aerospace fasteners domain.Raytheon Technologies is another key player in the US Aerospace Fasteners Market, offering a range of specialized fastening solutions integral to aerospace applications. The company's portfolio includes high-performance fasteners designed for both commercial and military aircraft, highlighting its technical expertise in this niche. Raytheon Technologies emphasizes innovation through its ongoing investments in research and development, aiming to provide next-generation fasteners that meet increasing performance and safety requirements. The company has a substantial market presence driven by its well-established reputation and a strategic approach to mergers and acquisitions that broaden its product offerings and capabilities. By integrating various technologies and manufacturing processes, Raytheon Technologies has enhanced its ability to serve diverse aerospace clients effectively. Its strengths also include a comprehensive understanding of customer needs, which enables the company to deliver tailored solutions and maintain a competitive edge in a rapidly evolving market.

Key Companies in the US Aerospace Fasteners Market Include:

Northrop Grumman

Raytheon Technologies

3M

Stanley Black and Decker

Boeing

Lockheed Martin

Honeywell

Alcoa

General Electric

Textron

Precision Castparts Corp

Safran

Cooper Standard

Lisi Aerospace

Kaman Corporation

US Aerospace Fasteners Market Industry Developments

In recent months, the US Aerospace Fasteners Market has experienced significant developments, particularly with major companies like Boeing and Lockheed Martin strengthening their supply chain and production capabilities. Notably, in August 2023, Northrop Grumman announced the expansion of its manufacturing facilities to increase the output of advanced fasteners used in military aircraft, driven by rising defense budgets. Additionally, Raytheon Technologies has reported a solid growth trajectory, contributing to the overall increase in market valuation, which now exceeds $5 billion due to heightened demand for aerospace components. Furthermore, in July 2023, it was announced that Honeywell and Alcoa are collaborating on research initiatives aimed at developing lighter yet stronger fasteners to improve aircraft efficiency and fuel economy. Mergers and acquisitions have been notable, with Precision Castparts Corp acquiring Lisi Aerospace in June 2023 to enhance their aerospace product offerings. This merger reflects a trend among manufacturers to consolidate resources and expertise to address increasing competition. The US aerospace fasteners sector is projected to grow consistently, influenced by both commercial aviation recovery and defense sector investments in the coming years.

US Aerospace Fasteners Market Segmentation Insights

Aerospace Fasteners Market Product Outlook

Nuts & Bolts

Rivets

Screws

Others

Aerospace Fasteners Market Material Outlook

Aluminum

Alloy Steel

Titanium

Others

Aerospace Fasteners Market End-User Outlook

Fuselage

Control Surfaces

Interior

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	1.26(USD Billion)
MARKET SIZE 2024	1.5(USD Billion)
MARKET SIZE 2035	3.2(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	7.131% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Northrop Grumman, Raytheon Technologies, 3M, Stanley Black and Decker, Boeing, Lockheed Martin, Honeywell, Alcoa, General Electric, Textron, Precision Castparts Corp, Safran, Cooper Standard, Lisi Aerospace, Kaman Corporation
SEGMENTS COVERED	Product, Material, End-User
KEY MARKET OPPORTUNITIES	Increased aircraft production rates, Growth in UAV applications, Demand for lightweight materials, Advances in automation technologies, Expansion of aerospace maintenance, repair, and overhaul (MRO) services
KEY MARKET DYNAMICS	increasing aircraft production, stringent regulatory standards, technological advancements, growing defense budgets, rising demand for lightweight materials
COUNTRIES COVERED	US