Aerospace parts manufacturing Market

Aerospace Parts Manufacturing Market Trends & Growth Analysis – Latest Insights

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-12667
  • Published Date: Mar, 2022
  • Pages: 237
  • Category: Aerospace & Defence
  • Format: PDF
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Market Dynamics

Drivers

  • Rise in demand for aircraft maintenance and replacement

Commercial airlines, military aircraft, general aviation, missiles, and space research are the leading market sectors that the aerospace industry serves with parts and goods. The components must have high precision, durability, accuracy, and reliability to ensure they work as intended. They are frequently used in crucial processes when failure is not an option. The aerospace sector is noted for having strict standards for the final product's quality and safety as well as for the manufacturing procedures. Research and development into improved materials and modification techniques are required because of the intense environmental conditions some components are subjected to, including corrosive and climate adverse impacts, high-temperature variations, and tight manufacturing and assembly tolerances. Procedures for surface modification and coatings have been in use for the past 50 years.

Restraints

  • The fluctuating cost of components price

The fluctuation in the cost of aerospace components determines the demand and supply. With the rise in the cost of components, the demand is hampered. The macro and micro-economic factors determine the fluctuation in the prices of aerospace components. Thus, it restricts the potential growth of manufacturers.

Opportunities

  • Increasing use of predictive maintenance

As airline business models evolve, more efficient and cost-effective operations are required. General aviation operators are looking to adopt some of the commercial aviation safety technologies that have shown to be successful. Big data has been generating headlines in a variety of industries, with the promise of revolutionizing the way corporations make choices. The aviation industry is the industry that will profit from the usage of big data and associated analytics. According to recent studies, well-implemented maintenance expenditures can be reduced by 30 to 40%. As a result, airliners are beginning to build predictive analytics of flight-recorded data, which is promising growth opportunities to parts manufacturing.

  • Stringent regulatory environment

To be able to fly, an aircraft or its engine must adhere to minimum international requirements. These guidelines, which address both safety and the environment, were produced by the International Civil Aviation Organization. The principal environmental regulations include engine emissions and aeroplane noise. It serves the financial interests of aircraft manufacturers to guarantee that their products comply with these requirements. The aircraft's part manufacturing is relatively controlled due to the rigorous requirements in the aircraft industry.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increase in rate of aircraft fleet replacement
          5.2.2. Rising demand for fuel-efficient and lighter aircraft
          5.2.3. A rise in the demand for aeronautical pieces of equipment
    5.3. Restraints
          5.3.1. Problems caused by price volatility in materials and equipment
    5.4. Opportunities
          5.4.1. The prolonged length of service

6. Aerospace parts manufacturing market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Aircraft Manufacturing
    6.3. Engines
    6.4. Avionics
    6.5. Cabin Interiors
    6.6. System and Support
    6.7. Insulation Components and Equipment

7. Aerospace parts manufacturing market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Military Aircraft
    7.3. Commercial Aircraft Business Aircraft
    7.4. Others

8. Aerospace parts manufacturing market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Aerospace parts manufacturing market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Aerospace parts manufacturing market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. JAMCO Corp.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Component Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Rolls Royce plc
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Component Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Intrex Aerospace
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Component Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Safran Group
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Component Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. CAMAR Aircraft Parts Company
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Component Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Woodward Hexcel
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Component Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Eaton Corporation plc
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Component Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Engineered Propulsion System
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Component Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. GE Aviation
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Component Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Aequs
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Component Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Textron, Inc.
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Component Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. MTU Aero Engines AG
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Component Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Superior Aviation Beijing
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Component Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Raytheon Technologies Corp.
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Component Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. Honeywell International, Inc
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Component Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis

List of Table

1. Aerospace parts manufacturing market, By Type, 2019-2032 (USD Billion) 

2. Global Aircraft Manufacturing Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion) 

3. Global Engines, , System and Support, Insulation Components and Equipment Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion) 

4. Global Avionics Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion) 

5. Global Cabin Interiors Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion)

6. Global System and Support Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion)

7. Global Insulation Components and Equipment Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion)

8. Aerospace parts manufacturing market, By Application, 2019-2032 (USD Billion) 

9. Global Military Aircraft Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion) 

10. Global Commercial Aircraft Business Aircraft Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion) 

11. Global Others Aerospace Parts Manufacturing Market, By Region, 2019-2032 (USD Billion)

12. Aerospace parts manufacturing market, By Region, 2019-2032 (USD Billion) 

13. North America Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

14. North America Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

15. U.S. Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

16. U.S. Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

17. Canada Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

18. Canada Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

19. Mexico Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

20. Mexico Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

21. Europe Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

22. Europe Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

23. Germany Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

24. Germany Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

25. France Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

26. France Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

27. U.K. Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

28. U.K. Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

29. Italy Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

30. Italy Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

31. Spain Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

32. Spain Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

33. Asia Pacific Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

34. Asia Pacific Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

35. Japan Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

36. Japan Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

37. China Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

38. China Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

39. India Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

40. India Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

41. South America Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

42. South America Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

43. Brazil Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

44. Brazil Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

45. Middle East and Africa Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

46. Middle East and Africa Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

47. UAE Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

48. UAE Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

49. South Africa Aerospace Parts Manufacturing Market, By Type, 2019-2032 (USD Billion) 

50. South Africa Aerospace Parts Manufacturing Market, By Application, 2019-2032 (USD Billion) 

List of Figures 

1. Aerospace parts manufacturing market Segmentation

2. Aerospace Parts Manufacturing Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Aerospace parts manufacturing market Attractiveness Analysis By Type

9. Aerospace parts manufacturing market Attractiveness Analysis By Application

10. Aerospace parts manufacturing market Attractiveness Analysis By Region

11. Aerospace parts manufacturing market: Dynamics

12. Aerospace parts manufacturing market Share By Type (2023 & 2032)

13. Aerospace parts manufacturing market Share By Application (2023 & 2032)

14. Aerospace parts manufacturing market Share by Regions (2023 & 2032)

15. Aerospace parts manufacturing market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global aerospace parts manufacturing market based on below mentioned segments:

Global Aerospace parts manufacturing market by Type:

  • Aircraft Manufacturing
  • Engines
  • Avionics
  • Cabin Interiors
  • System and Support
  • Insulation Components and Equipment

Global Aerospace parts manufacturing market by Application:

  • Military Aircraft
  • Commercial Aircraft Business Aircraft
  • Others

Global Aerospace parts manufacturing market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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