China Aerospace Parts Manufacturing Market Size & Outlook

Aircrafts manufacturing was the largest segment with a revenue share of 45.79% in 2022. Horizon Databook has segmented the China 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.

There is a huge demand for commercial and business aircrafts in China for the next 20 years owing to the robust demand in domestic and international travel. In addition, the economy is constituted with significant investments in infrastructure, evolving business models and growing middle class population.

The demand can also be contributed to the increased manufacturing of full service airlines and low cost carriers which is estimated to drive the demand for aerospace parts over the forecast. The single-aisle aircraft caters to the highest demand in the country with around 85% of the market share on account of growing number of middle income group people using air travels as an inexpensive option for transportation.