Indonesia Aerospace Parts Manufacturing Market Size & Outlook
The aerospace parts manufacturing market in Indonesia is expected to reach a projected revenue of US$ 5,945.1 million by 2030. A compound annual growth rate of 10.2% is expected of Indonesia aerospace parts manufacturing market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,018.7
Forecast, 2030 (US$M)
$5,945.1
CAGR, 2024 - 2030
10.2%
Report Coverage
Indonesia
Related Markets
Indonesia aerospace parts manufacturing market highlights
- The Indonesia aerospace parts manufacturing market generated a revenue of USD 2,748.7 million in 2022 and is expected to reach USD 5,945.1 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 10.1% from 2023 to 2030.
- In terms of segment, equipment, safety & support 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 2,748.7 million |
| Market revenue in 2030 | USD 5,945.1 million |
| Growth rate | 10.1% (CAGR from 2022 to 2030) |
| Largest segment | Equipment, safety & support |
| 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, Indonesia accounted for 0.3% 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.
Equipment, safety & support was the largest segment with a revenue share of 26.7% in 2023. Horizon Databook has segmented the Indonesia 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.
According GMF AeroAsia, the world largest MRO, the MRO segment in the country is anticipated to witness substantial growth over the forecast years. In addition, PT Dirgantara Indonesia was hired by Airbus Helicopters to provide MRO services for their helicopters in the country.
Moreover, UTC Aerospace Systems and Jabil Defense & Aerospace announced plans to setup their factories in Bandung. These trends are anticipated to drive the growth aerospace manufacturing market in the country. However, shortage of skilled workers, is expected to limit the growth of market over the forecast period.
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Aerospace Parts Manufacturing Market Scope
Aerospace parts manufacturing market segmentation & scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Magellan Aerospace Corp | View profile | 3850 | 3160 Derry Road East, Mississauga, ON, Canada, L4T 1A9 | https://www.magellan.aero |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | https://www.spiritaero.com |
| Subaru Corp | View profile | 45605 | Ebisu Subaru Building, 1-20-8, Ebisu, Shibuya-ku, Tokyo, Japan, 150-8554 | https://www.subaru.co.jp |
| Martinrea International Inc | View profile | 19000 | 3210 Langstaff Road, Vaughan, ON, Canada, L4K 5B2 | https://www.martinrea.com |
| Woodward Inc | View profile | 8300 | 1081 Woodward Way, Fort Collins, CO, United States, 80524 | https://www.woodward.com |
| Curtiss-Wright Corp | View profile | 8600 | 130 Harbour Place Drive, Suite 300, Davidson, NC, United States, 28036 | https://www.curtisswright.com |
| Rolls-Royce Holdings PLC | View profile | 41810 | 90 York Way, Kings Place, London, United Kingdom, N1 9FX | https://www.rolls-royce.com |
| Ducommun Inc | View profile | 2265 | 200 Sandpointe Avenue, Suite 700, Santa Ana, CA, United States, 92707-5759 | https://www.ducommun.com |
| IHI Corp | View profile | 28486 | 1-1, Toyosu 3-chome, Koto-ku, Tokyo, Japan, 135-8710 | http://www.ihi.co.jp |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Triumph Group Inc | View profile | 4937 | 555 E Lancaster Avenue, Suite 400, Radnor, PA, United States, 19087 | https://www.triumphgroup.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| MTU Aero Engines AG | View profile | 12170 | Dachauer Strasse 665, Munich, BY, Germany, 80995 | https://www.mtu.de |
| Deutsche Lufthansa AG | View profile | 98739 | Venloer Street 151-153, Cologne, NW, Germany, 50672 | https://www.lufthansagroup.com |
| Safran SA | View profile | 83278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | https://www.safran-group.com |
| Dassault Systemes SE | View profile | 23811 | 10, Rue Marcel Dassault, Velizy-Villacoublay, France, 78140 | https://www.3ds.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Thales | View profile | 81000 | 4, rue de la Verrerie, Meudon, France, 92190 | https://www.thalesgroup.com |
| Parker Hannifin Corp | View profile | 62730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | http://www.phstock.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Bridgestone Corp | View profile | 125199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | http://www.bridgestone.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Indonesia aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
Indonesia Aerospace Parts Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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