U.S. Aerospace Parts Manufacturing Market Size & Outlook
The aerospace parts manufacturing market in the United States is expected to reach a projected revenue of US$ 476,002.2 million by 2030. A compound annual growth rate of 1.7% is expected of the United States aerospace parts manufacturing market from 2024 to 2030.
Revenue, 2023 (US$M)
$424,232.3
Forecast, 2030 (US$M)
$476,002.2
CAGR, 2024 - 2030
1.7%
Report Coverage
U.S.
Related Markets
U.S. aerospace parts manufacturing market highlights
- The U.S. aerospace parts manufacturing market generated a revenue of USD 417,365.4 million in 2022 and is expected to reach USD 476,002.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 1.7% 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 417,365.4 million |
| Market revenue in 2030 | USD 476,002.2 million |
| Growth rate | 1.7% (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, U.S. accounted for 46.4% 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 North America, U.S. aerospace parts manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 24,752.9 million by 2030.
Aircrafts manufacturing was the largest segment with a revenue share of 58.41% in 2023. 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.
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Aerospace Parts Manufacturing Market Scope
Aerospace parts manufacturing market segmentation & scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Magellan Aerospace Corp | View profile | 3850 | 3160 Derry Road East, Mississauga, ON, Canada, L4T 1A9 | https://www.magellan.aero |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | https://www.spiritaero.com |
| Subaru Corp | View profile | 45605 | Ebisu Subaru Building, 1-20-8, Ebisu, Shibuya-ku, Tokyo, Japan, 150-8554 | https://www.subaru.co.jp |
| Martinrea International Inc | View profile | 19000 | 3210 Langstaff Road, Vaughan, ON, Canada, L4K 5B2 | https://www.martinrea.com |
| Woodward Inc | View profile | 8300 | 1081 Woodward Way, Fort Collins, CO, United States, 80524 | https://www.woodward.com |
| Curtiss-Wright Corp | View profile | 8600 | 130 Harbour Place Drive, Suite 300, Davidson, NC, United States, 28036 | https://www.curtisswright.com |
| Rolls-Royce Holdings PLC | View profile | 41810 | 90 York Way, Kings Place, London, United Kingdom, N1 9FX | https://www.rolls-royce.com |
| Ducommun Inc | View profile | 2265 | 200 Sandpointe Avenue, Suite 700, Santa Ana, CA, United States, 92707-5759 | https://www.ducommun.com |
| IHI Corp | View profile | 28486 | 1-1, Toyosu 3-chome, Koto-ku, Tokyo, Japan, 135-8710 | http://www.ihi.co.jp |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Triumph Group Inc | View profile | 4937 | 555 E Lancaster Avenue, Suite 400, Radnor, PA, United States, 19087 | https://www.triumphgroup.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| MTU Aero Engines AG | View profile | 12170 | Dachauer Strasse 665, Munich, BY, Germany, 80995 | https://www.mtu.de |
| Deutsche Lufthansa AG | View profile | 98739 | Venloer Street 151-153, Cologne, NW, Germany, 50672 | https://www.lufthansagroup.com |
| Safran SA | View profile | 83278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | https://www.safran-group.com |
| Dassault Systemes SE | View profile | 23811 | 10, Rue Marcel Dassault, Velizy-Villacoublay, France, 78140 | https://www.3ds.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Thales | View profile | 81000 | 4, rue de la Verrerie, Meudon, France, 92190 | https://www.thalesgroup.com |
| Parker Hannifin Corp | View profile | 62730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | http://www.phstock.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Bridgestone Corp | View profile | 125199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | http://www.bridgestone.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
U.S. aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
U.S. Aerospace Parts Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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