Market revenue in 2022 | USD 73,739.9 million |
Market revenue in 2030 | USD 105,110.6 million |
Growth rate | 4.5% (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 |
Aircrafts manufacturing was the largest segment with a revenue share of 47.17% in 2022. Horizon Databook has segmented the France 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.
Growing number of middle income group people and rise in number of people preferring air travel is estimated to drive the demand for aircraft consequently boosting the demand for aerospace parts over the forecast period. Moreover, there are large number of companies based in the economy that offers the MRO services which further adds the demand for aircraft parts.
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