The US Aerospace Parts Manufacturing Market Size was estimated at 1.58 (USD Billion) in 2023. The US Aerospace Parts Manufacturing Market Industry is expected to grow from 1.65(USD Billion) in 2024 to 2.56 (USD Billion) by 2035. The US Aerospace Parts Manufacturing Market CAGR (growth rate) is expected to be around 4.1% during the forecast period (2025 - 2035).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key US Aerospace Parts Manufacturing Market Trends Highlighted
The US Aerospace Parts Manufacturing Market is experiencing significant trends driven by various factors, shaping its landscape in recent times. One key market driver is the increasing focus on sustainability. The aerospace industry in the US is making strides towards reducing its carbon footprint, prompting manufacturers to adopt greener technologies and materials in their production processes. This shift not only addresses environmental concerns but also meets the growing demand for eco-friendly aviation solutions from both consumers and regulatory bodies. Opportunities in the US market include the rise in air travel, which is pushing manufacturers to ramp up production capabilities.The Federal Aviation Administration (FAA) projects an increase in passenger traffic, which will enhance the need for new aircraft and the parts that support them. Additionally, advancements in additive manufacturing and robotics create opportunities for more efficient production techniques. The ongoing modernization of aircraft fleets also opens avenues for manufacturers to innovate and supply upgraded parts that improve performance and reliability. In recent times, the trend towards smart manufacturing has gained traction, with companies increasingly utilizing digital technologies such as the Internet of Things (IoT) and data analytics. These technologies help optimize production processes, reduce lead times, and enhance product quality.Furthermore, there is a marked increase in investments from both public and private sectors in research and development to support new aerospace technologies. Overall, these trends reflect a dynamic US Aerospace Parts Manufacturing Market that is responsive to both industry challenges and evolving consumer expectations, promising a future of innovation and growth.
Rising Defense Budget Allocation
The United States continues to emphasize military readiness and modernization, reflected in the increasing defense budget. The U.S. Department of Defense (DoD) has proposed budget allocations exceeding 700 billion USD for defense in recent years, creating a robust demand for aerospace parts manufacturing. This expansion supports the US Aerospace Parts Manufacturing Market Industry significantly, as it requires advanced aircraft, missile systems, and other aerospace technologies.With the establishment of defense contracts with major players like Lockheed Martin and Boeing, the investment in Research and Development (R&D) has seen a substantial increase, leading to innovations in aerospace components that meet high military standards. According to the Aerospace Industries Association, every billion USD spent on defense supports approximately 7,000 jobs in the aerospace sector, illustrating a direct link between defense spending and the growth prospects of the US Aerospace Parts Manufacturing Market.
Growing Commercial Aviation Demand
The resurgence of the commercial aviation sector post-pandemic has largely driven the US Aerospace Parts Manufacturing Market. As transportation accessibility surges, the demand for new aircraft and maintenance services increases, with forecasts from the Federal Aviation Administration (FAA) indicating a projected growth in passenger travel throughout the next decade. In particular, regional and low-cost carriers are expanding their fleets to cater to increased demand, resulting in a marked uptrend in production of aerospace parts.Major manufacturers such as Raytheon Technologies have ramped up production lines to meet these needs. The FAA anticipates over 7,200 commercial aircraft deliveries from 2021 to 2040, stimulating considerably the production of critical aerospace components.
Technological Advancements in Materials
The US Aerospace Parts Manufacturing Market is heavily influenced by technological advancements in materials used for aircraft parts. Innovations in lightweight materials, such as carbon-fiber composites and advanced alloys, have begun to dominate the market. These materials enhance fuel efficiency and performance which is critical to meeting environmental regulations. The National Aeronautics and Space Administration (NASA) has been actively involved in research focused on these materials, further endorsing the move towards sustainable aviation.Reports indicate that lighter materials can reduce aircraft weight by approximately 20% and lower fuel consumption significantly. As such, companies like Airbus and Boeing are continuously investing in these technologies, propelling growth within the US Aerospace Parts Manufacturing Market Industry.
US Aerospace Parts Manufacturing Market Segment Insights:
Aerospace Parts Manufacturing Market Product Insights
The US Aerospace Parts Manufacturing Market is experiencing robust dynamics, driven by a comprehensive understanding of its product segmentation, which includes essential categories such as Engines, Aircraft Manufacturing, Cabin Interiors, Avionics, Insulation Components and Equipment, and System and Support. Each of these segments plays a crucial role in the market's overall functionality and efficiency, as they cater to the diverse needs of the aerospace industry, which has shown consistent growth due to rising air travel demands and advancements in technology. In the context of Engines, advancements in fuel efficiency and emissions reduction technologies are paramount. Newer engine models, combining innovative materials and design methodologies, reflect the aerospace sector's pivot towards sustainable practices. The Aircraft Manufacturing segment stands as a cornerstone of the industry, with the increase in production rates and new aircraft models aligning closely with the evolving specifications set forth by regulatory bodies and the demand for air travel connectivity.Cabin Interiors represent another significant aspect of the market, as airlines continually strive to enhance passenger experiences through improved comfort and amenities, making this segment critical for customer satisfaction and brand loyalty. The focus on Avionics also illustrates a growing trend towards automated systems and enhanced navigation technology, which combines safety with user efficiency. This segment's growth is influenced by technological advancements that are reshaping the operational capabilities of modern aircraft.Insulation Components and Equipment are integral for managing thermal properties within aircraft, ensuring safety and comfort while optimizing weightan essential factor for performance and fuel efficiency. Finally, System and Support services highlight the industry's focus on operational longevity and reliability. These services incorporate maintenance, upgrades, and logistical support, providing a comprehensive ecosystem that ensures the aerospace parts’ efficiency and dependability in flight operations. Overall, each segment within the US Aerospace Parts Manufacturing Market underscores the comprehensive and multifaceted nature of aerospace production and support systems, collectively contributing to advancements in safety, performance, and customer satisfaction in the aviation sector. The market is increasingly geared towards integrating advanced technologies and materials, thereby enhancing operational efficiencies and addressing environmental concerns, all while ensuring regulatory compliance and operational excellence.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aerospace Parts Manufacturing Market Application Insights
The US Aerospace Parts Manufacturing Market exhibits a robust segmentation focused on Application, which includes Commercial Aircraft, Business Aircraft, Military Aircraft, and others. The Commercial Aircraft segment significantly contributes to the market due to the continuous rise in air travel demand and the subsequent need for advanced aerospace parts and systems. This segment benefits from the expansion of airlines as well as the introduction of environmentally friendly aircraft technology. The Business Aircraft segment also shows a promising trend, driven by increased demand for private charters and corporate travel, reflecting the growing economic activities in various sectors.Moreover, the Military Aircraft segment plays a pivotal role, bolstered by rising defense budgets and the ongoing modernization of military fleets, highlighting the importance of advanced parts for combat and logistical support. The others category encompasses various applications, including space operations and UAVs, which reflect innovation and adaptability in the aerospace sector. This diversified landscape underscores the importance of each application segment and showcases the growth potential within the US Aerospace Parts Manufacturing Market, as ongoing technological advancements and regulatory requirements shape the industry's dynamics.
US Aerospace Parts Manufacturing Market Key Players and Competitive Insights:
The US Aerospace Parts Manufacturing Market is characterized by a highly competitive environment, driven by advancements in technology, increasing demand for aircraft, and the need for high-quality components. This sector encompasses a diverse range of manufacturers, from small-scale firms to large prime contractors, each contributing specialized parts and technologies that cater to various aerospace applications. The market landscape is influenced by factors such as regulatory standards, innovation in manufacturing processes, and the growing emphasis on efficiency and sustainability. Consequently, companies within this market are continuously seeking to enhance their offerings and establish a stronger foothold by leveraging strategic partnerships, investments in research and development, and expanding their capabilities to meet the evolving needs of aerospace manufacturers and operators.Moog stands out in the US Aerospace Parts Manufacturing Market with a reputation for precision and reliability in its offerings, catering to both commercial and military aerospace sectors. The company has established a robust presence characterized by deep-rooted expertise in flight control systems, actuation technology, and propulsion systems. Moog's commitment to innovation is reflected in its continuous investment in research and development, which enables the company to stay ahead of industry trends and deliver cutting-edge solutions. The strength of Moog lies in its ability to adapt to customer requirements and maintain rigorous quality standards, which solidifies its position as a trusted partner in the aerospace supply chain. The company’s successful track record in meeting stringent industry requirements contributes to its competitive edge, as it builds long-standing relationships with key aerospace manufacturers and customers.Raytheon Technologies plays a significant role in the US Aerospace Parts Manufacturing Market, showcasing a diverse range of products and services aimed at enhancing the safety and efficiency of aerospace systems. The company’s core competencies lie in advanced technologies such as avionics, engines, and aerospace components, which are pivotal in both commercial and defense sectors. Raytheon Technologies has a strong market presence, bolstered by significant mergers and acquisitions that have expanded its capabilities and innovation potential. The integration of these assets enables the company to provide comprehensive and technologically advanced solutions tailored to the specific needs of its customers. Additionally, Raytheon Technologies emphasizes sustainability and efficiency in its operations, further strengthening its appeal in a growing market that prioritizes responsible manufacturing practices. Its focus on developing next-generation aerospace solutions underscores its commitment to leading the sector in innovation and performance, thus solidifying its competitive position in the US market.
Key Companies in the US Aerospace Parts Manufacturing Market Include:
US Aerospace Parts Manufacturing Market Industry Developments
Recent developments in the US Aerospace Parts Manufacturing Market include significant growth in companies such as Boeing and Lockheed Martin, attributed to increased defense spending and rising commercial air travel demand. In September 2023, General Dynamics announced a strategic partnership with Honeywell to enhance capabilities in avionics systems, signaling a focus on advanced technological integration. Additionally, Moog has experienced a strong valuation increase due to contracts with military suppliers, reflecting heightened government investments. In the realm of mergers and acquisitions, Rockwell Collins, a subsidiary of Raytheon Technologies, completed the acquisition of a smaller avionics firm in August 2023, aimed at expanding its market position in the civilian sector. Spirit AeroSystems reported a boost in its market valuation owing to new contracts with Airbus, which has fueled their growth trajectory. Furthermore, the US aerospace sector is expected to benefit from a projected increase in defense budgets and infrastructure investments, further reinforcing its crucial role in the national economy. These trends indicate a robust environment for the aerospace parts manufacturing sector in the United States over the current fiscal year and beyond, driven by innovation and strategic partnerships.
US Aerospace Parts Manufacturing Market Segmentation Insights
Aerospace Parts Manufacturing Market Product Outlook
Aerospace Parts Manufacturing Market Application Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 1.58(USD Billion) |
| MARKET SIZE 2024 | 1.65(USD Billion) |
| MARKET SIZE 2035 | 2.56(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.1% (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 | Moog, Raytheon Technologies, Boeing, Lockheed Martin, General Dynamics, Textron, United Technologies, L3Harris Technologies, SAAB, Rockwell Collins, CurtissWright, Spirit AeroSystems, Northrop Grumman, General Electric, Honeywell |
| SEGMENTS COVERED | Product, Application |
| KEY MARKET OPPORTUNITIES | Sustainable manufacturing processes, Advanced materials development, Digital transformation integration, Supply chain resilience enhancement, Enhanced regulatory compliance solutions |
| KEY MARKET DYNAMICS | Technological advancements, Regulatory compliance challenges, Supply chain disruptions, Increased demand for lightweight materials, Sustainability and eco-friendly practices |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Aerospace Parts Manufacturing Market is projected to be valued at 1.65 billion USD in 2024.
By 2035, the US Aerospace Parts Manufacturing Market is expected to reach 2.56 billion USD.
The expected CAGR for the US Aerospace Parts Manufacturing Market during the period from 2025 to 2035 is 4.1%.
Major players in the market include Moog, Raytheon Technologies, Boeing, Lockheed Martin, General Dynamics, and Textron.
The Engines segment is projected to have the highest value, reaching 0.7 billion USD by 2035.
The market value for Aircraft Manufacturing is estimated to be 0.5 billion USD in 2024.
The Avionics segment is expected to be valued at 0.35 billion USD by 2035.
Challenges include supply chain disruptions and increasing regulatory requirements.
The Insulation Components and Equipment segment is expected to grow to 0.31 billion USD by 2035.
Opportunities include advancements in technology and increasing demand for lightweight and efficient aerospace components.
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