North America Aerospace Parts Manufacturing Market Size & Outlook

Aircrafts manufacturing was the largest segment with a revenue share of 57.22% in 2022. Horizon Databook has segmented the North America 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.

Aerospace parts manufacturing market is driven by the high demand commercial aircraft owing to rise in passenger transportation. Rising environmental concerns due to increased carbon emissions has led the demand for fuel efficient aircrafts. This, in turn, is expected to boost the manufacturing of aerospace parts using lightweight materials.

Moreover, the region is characterized by the presence of major aircraft manufacturers, such as Boeing, Northrop Grumman, United Technologies Corporation (UTC), and Lockheed Martin, which is anticipated to fuel the market growth over the forecast period.

North America exhibits presence of a large aircraft manufacturing industry. The region is expected to cater to around one-third of the global operational fleet, resulting in an increased demand for airframe and other aircraft parts over the forecast period. Ascending demand for new-generation aircraft is expected to boost the growth of aircraft manufacturing industry in the region over the forecast period.