The Aerospace Parts Manufacturing market size is projected to reach a CAGR of 4.8% from 2022 to 2028.
Aerospace part manufacturers decals with manufacturing of aircraft, aircraft engine and engine parts, other aircraft parts and auxiliary equipment, guided missile and space vehicles, and/or guided missile and space vehicle propulsion units which are indeed an essential or additional parts of an aircraft. The parts used can be different on the basis of the usage of the aircraft. If used in defence and military it has missile and space vehicle whereas the one used for civil aviation doesn’t has these parts. The latest technology is developed around augmented and virtual reality (AR/VR), the Internet of Things (IoT), Artificial Intelligence, and 3D printing.
Due to the requirement of light weight aircraft along with the attempts to improve the energy efficiency are some of the factors that have supported long-term expansion for Aerospace Parts Manufacturing Market.
COVID-19 had a negative effect on the market, as the import and export were at a halt along with the decreased demand from the end user.
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of key players in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 4.8% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
Product, End Use and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
JAMCO Corp., Intrex Aerospace, Rolls Royce plc, CAMAR Aircraft Parts Company, Safran Group, Woodward Hexcel, Engineered Propulsion System, Eaton Corp. plc, Aequs, GE Aviation, Textron, Inc., Raytheon Technologies Corp., MTU Aero Engines AG, Superior Aviation Beijing, Honeywell International, Inc., Mitsubishi Heavy IndustriesLtd., Composite Technology Research Malaysia Sdn. Bhd. (CTRM), Kawasaki Heavy Industries Ltd., IHI Corp., Subaru Corp., Lufthansa Technik AG, Spirit AeroSystems, Inc., Ducommun,Inc.,Liebherr International AG, Elektro-Metall Export GmbH, Diehl Aviation, Panasonic Avionics Corp., Thales Group, Dassault Group, Parker Hannifin Corp.,Chemetall GmbH, Daher Group, Triumph Group |
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Available Customization |
In addition to the market data for Aerospace Parts Manufacturing Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Aerospace Parts Manufacturing Market is segmented into Product, End Use and region.
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