Malaysia Aerospace Parts Manufacturing Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$4,347.5

Forecast, 2030 (US$M)

$8,371.6

CAGR, 2023 - 2030

8.5%

Report Coverage

Malaysia

Malaysia aerospace parts manufacturing market, 2018-2030 (US$M)

Related Markets

Global Aerospace Parts Manufacturing Industry Outlook

North America Aerospace Parts Manufacturing Market Outlook

U.S. Aerospace Parts Manufacturing Market Outlook

Canada Aerospace Parts Manufacturing Market Outlook

Mexico Aerospace Parts Manufacturing Market Outlook

Europe Aerospace Parts Manufacturing Market Outlook

Germany Aerospace Parts Manufacturing Market Outlook

France Aerospace Parts Manufacturing Market Outlook

Italy Aerospace Parts Manufacturing Market Outlook

Netherlands Aerospace Parts Manufacturing Market Outlook

UK Aerospace Parts Manufacturing Market Outlook

Asia Pacific Aerospace Parts Manufacturing Market Outlook

Japan Aerospace Parts Manufacturing Market Outlook

China Aerospace Parts Manufacturing Market Outlook

Australia Aerospace Parts Manufacturing Market Outlook

Indonesia Aerospace Parts Manufacturing Market Outlook

Philippines Aerospace Parts Manufacturing Market Outlook

Latin America Aerospace Parts Manufacturing Market Outlook

Brazil Aerospace Parts Manufacturing Market Outlook

MEA Aerospace Parts Manufacturing Market Outlook

Malaysia aerospace parts manufacturing market highlights

The Malaysia aerospace parts manufacturing market generated a revenue of USD 4,347.5 million in 2022 and is expected to reach USD 8,371.6 million by 2030.
The Malaysia market is expected to grow at a CAGR of 8.5% 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 4,347.5 million
Market revenue in 2030	USD 8,371.6 million
Growth rate	8.5% (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, Malaysia accounted for 0.5% 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.

Equipment, safety & support was the largest segment with a revenue share of 33.71% in 2022. Horizon Databook has segmented the Malaysia 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 to Wisconsin Economic Development Corporation, Malaysia is one of the key MRO hub in Southeast Asia. The industry has initiated efforts to emerge as one of the major centers for aerospace manufacturing. The speedy expansion of Malaysia’s AirAsia, which is the leading low-cost carrier in the region, has bolstered the development of MRO market.

In addition, RUAG Aviation, which is a Swiss Technology company, has started a regional MRO facility at the International Aerospace Center in Subang. Asia Aerospace City located in Subang was also developed in order to collaborate university study with MARA Aerospace & Technologies and Aerospace Malaysian Innovation Center.

Key Regions: U.S. , UK , Japan , Brazil , Canada