Indonesia Aerospace Parts Manufacturing Market Size & Outlook
Indonesia aerospace parts manufacturing market, 2018-2030 (US$M)
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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 2022. 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 Companies
| Name | Profile | # Employees | HQ | Website |
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Indonesia aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
Indonesia Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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