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