Australia Aerospace Parts Manufacturing Market Size & Outlook
Australia aerospace parts manufacturing market, 2018-2030 (US$M)
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Australia aerospace parts manufacturing market highlights
- The Australia aerospace parts manufacturing market generated a revenue of USD 4,846.4 million in 2022 and is expected to reach USD 6,763.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.3% from 2023 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2022.
- Avionics is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace parts manufacturing market data book summary
| Market revenue in 2022 | USD 4,846.4 million |
| Market revenue in 2030 | USD 6,763.2 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Avionics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Aircrafts Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components |
| Key market players worldwide | Rolls-Royce Holdings PLC, Safran SA, Woodward Inc, Martinrea International Inc, Eaton Corp PLC, Lockheed Martin Corp, GE Aerospace, MTU Aero Engines AG, RTX Corp, Honeywell International Inc, Mitsubishi Electric Corp, Kawasaki Heavy Industries Ltd, Subaru Corp, IHI Corp, Deutsche Lufthansa AG, Liebherr Group, Hexcel Corp, Ducommun Inc, Rockwell Automation Inc, Spirit AeroSystems Holdings Inc Class A, Panasonic Holdings Corp, Thales, Dassault Systemes SE, Parker Hannifin Corp, Basf SE, Airbus SE, Danaher Corp, Triumph Group Inc, Curtiss-Wright Corp, Magellan Aerospace Corp, Bridgestone Corp |
Other key industry trends
- In terms of revenue, Australia accounted for 0.5% of the global aerospace parts manufacturing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aerospace parts manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Philippines is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,874.7 million by 2030.
Engine was the largest segment with a revenue share of 27.03% in 2022. Horizon Databook has segmented the Australia 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.
Increasing demand for fuel efficient aircraft in Australia is expected to drive the growth of aerospace arts manufacturing industry in the country. There is a requirement for five different categories of aircrafts including large widebody, small widebody, single aisle and others due to growing requirement of passenger travel airplanes which is estimated to drive the market growth. The aviation industry is anticipated to witness strong growth over the forecast period owing to the increasing number aircraft manufacturer in Australia.
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Aerospace Parts Manufacturing Market Scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
Australia Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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