Asia Pacific Aerospace Parts Manufacturing Market Size & Outlook

Aircrafts manufacturing was the largest segment with a revenue share of 46.51% in 2022. Horizon Databook has segmented the Asia Pacific aerospace parts manufacturing market based on engine, aircrafts manufacturing, cabin interiors, equipment, safety & support, avionics, insulation components covering the revenue growth of each sub-segment from 2018 to 2030.

The Asia Pacific region is estimated to be the fastest growing market for aerospace parts manufacturing industry due to growing development in the aviation industry in the region driven by the economic growth of Japan, China and other markets.

There is a rise in the international air travel along with growing market for international cargo which is expected to drive the demand for MRO activities, thereby boosting the demand for aircraft parts stop moreover there is a development in the aviation industry with manufacturers adopting the dynamic business models that reshape the market with the purchase of new generation of airplanes and replacing the aging aircraft. The rapid expansion is the main driver contributing to the air travel growth.