Japan Aerospace Parts Manufacturing Market Size & Outlook
Japan aerospace parts manufacturing market, 2018-2030 (US$M)
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Japan aerospace parts manufacturing market highlights
- The Japan aerospace parts manufacturing market generated a revenue of USD 22,182.4 million in 2022 and is expected to reach USD 27,584.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 2.8% 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 22,182.4 million |
| Market revenue in 2030 | USD 27,584.3 million |
| Growth rate | 2.8% (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, Japan accounted for 2.5% 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.
Aircrafts manufacturing was the largest segment with a revenue share of 60.81% in 2022. Horizon Databook has segmented the Japan 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.
Japan is focused on encouraging the small and medium scale aircraft manufacturers for the business and commercial aircraft for the technical and economic development of the country. These aircraft are expected to be manufactured using the internally sourced raw materials which is expected to drive the growth of aircraft parts manufacturing in the country.
In addition, the strategic industry development initiatives with multiple levels of government are offering subsidies and other assistance to suppliers to capture the maximum value in technological advantage.
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Aerospace Parts Manufacturing Market Scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
Japan Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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