Canada Aerospace Parts Manufacturing Market Size & Outlook
Canada aerospace parts manufacturing market, 2018-2030 (US$M)
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Canada aerospace parts manufacturing market highlights
- The Canada aerospace parts manufacturing market generated a revenue of USD 24,852.2 million in 2022 and is expected to reach USD 31,158.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.9% from 2023 to 2030.
- In terms of segment, aircrafts manufacturing 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 24,852.2 million |
| Market revenue in 2030 | USD 31,158.4 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Aircrafts manufacturing |
| 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, Canada accounted for 2.8% 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 North America, U.S. aerospace parts manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 24,752.9 million by 2030.
Aircrafts manufacturing was the largest segment with a revenue share of 59.29% in 2022. Horizon Databook has segmented the Canada 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 presence of some of the largest aircraft manufacturers in the region is one of the major drivers of aerospace and defense industry in Canada which is driving the market for aerospace parts manufacturing within the country.
However, with recent acquisition by Boeing and Canadian giant Bombardier receiving unfair subsidies, and U S government imposing a heavy tax on export by the company may affect the aircraft manufacturing industry in the region.
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Aerospace Parts Manufacturing Market Scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
Canada Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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