U.S. Aerospace Parts Manufacturing Market Size & Outlook

Aircrafts manufacturing was the largest segment with a revenue share of 58.41% in 2022. Horizon Databook has segmented the U.S. 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.

The U.S. aerospace parts manufacturing industry dominates the global market owing to the presence of established players such as Boeing, United Technologies, Lockheed Martin, etc. increased passenger transportation is expected to drive the manufacturing of aircraft parts in the US.

However, the market has exhibited major decrease in growth owing to the overall decline in air passengers and restriction imposed by the government during coronavirus crisis. Rising demand for aircraft parts sourced from the U.S. including wings, fasteners, fuselages on the account of assurance of airworthiness strong legacy and technological ability to produce high quality products which is expected to drive the demand for aerospace materials over the forecast period.