Why Aerospace Parts Manufacturing Will Soar to $1.5 Trillion by 2035
Aviation News Editor & Industry Analyst delivering clear coverage for a worldwide audience.
The global aerospace parts manufacturing market is set to reach USD 1,568.37 billion by 2035, driven by rising aircraft production and crucial fleet modernization programs.
Key Takeaways
- •Market size is projected to reach USD 1,568.37 billion by 2035, growing at a 4.58% CAGR from 2026.
- •Growth is primarily driven by rising global air traffic, increasing aircraft production, and crucial fleet modernization programs.
- •Adoption of advanced materials like composites and titanium alloys is accelerating to meet demand for lightweight, fuel-efficient aircraft.
- •Technological advancements, including additive manufacturing and digitalization, are transforming production processes for aerospace component suppliers.
The global aerospace parts manufacturing market is poised for significant expansion over the next decade. Industry analysis projects the market size will climb to USD 1,568.37 billion by 2035. This growth represents a Compound Annual Growth Rate (CAGR) of 4.58% from 2026 to 2035. The market was valued at USD 1,002.46 billion in 2025, according to the source report.
Key Market Drivers
Several factors are fueling this robust growth forecast. The primary driver is the increasing demand for new aircraft. Global air traffic demand is rising sharply, surpassing pre-pandemic levels. This increase in passenger traffic requires airlines to expand their fleets.
Another major factor is the need for fleet modernization programs. Airlines are replacing older aircraft with new, more fuel-efficient models. New-generation aircraft offer improved range and significant cost savings. These replacements create a steady, long-term demand for new aerospace components. The commercial aircraft segment is expected to show the highest CAGR during this period.
Defense and space investments also contribute to the market's expansion. Major economies are increasing spending on defense modernization. This includes the production of specialized components for military aircraft and drones. The expanding commercial space sector further stimulates demand for high-performance parts.
The Role of Advanced Materials and Technology
The push for fuel-efficient aircraft design is transforming manufacturing. Manufacturers are increasingly adopting advanced materials in aerospace. This includes lightweight composites, titanium alloys, and superalloys. These materials help reduce aircraft weight, which lowers operating costs for airlines.
- Composites: Materials like carbon fiber-reinforced polymers (CFRPs) are replacing aluminum in many noncritical and structural components.
- Titanium Alloys: These are used for critical components that must withstand extreme heat and stress, such as engine parts.
Manufacturing processes are also becoming more advanced. The integration of additive manufacturing technology, or 3D printing, is a key trend. Companies like Boeing and Airbus are exploring digital manufacturing and smart factory solutions. These technologies enhance precision and production efficiency.
Impact on Aviation Stakeholders
This market growth has a direct impact on the entire aviation ecosystem. For aerospace component suppliers, it signals a period of high production volume. It also requires significant investment in new manufacturing capabilities. Suppliers must meet stringent quality standards set by regulators like the FAA and EASA.
Airlines benefit from the focus on lightweight, durable components. These parts contribute to better fuel efficiency and reduced maintenance needs. This ultimately lowers the total cost of ownership for their fleets. The growth also supports the maintenance repair and overhaul (MRO) sector. This sector relies on a steady supply of replacement parts for aging and new aircraft. The entire industry must manage the challenge of maintaining a robust and resilient supply chain to support this projected demand.
Visit flying.flights for the latest commercial aviation news and airline industry updates.
Stay informed on aviation incidents, investigations, and best practices in the Safety category at flying.flights/safety.
Written by Ujjwal Sukhwani
Aviation News Editor & Industry Analyst delivering clear coverage for a worldwide audience. Covers flight operations, safety regulations, and market trends with expert analysis.
Visit ProfileYou Might Also Like
Discover more aviation news based on similar topics
Airbus Delivers 700th Aircraft from its Tianjin Assembly Line
Airbus delivered its 700th China-assembled A320 family aircraft from its Tianjin plant, highlighting its deepening industrial footprint in a key market.
Airbus Slows A320 Production Ramp-Up Amid P&W Engine Shortage
Airbus is slowing its A320 production ramp-up due to a persistent shortage of Pratt & Whitney engines, impacting its 2026 delivery targets.
Airbus Targets Record 2026 Deliveries Despite Engine Supply Constraints
Airbus targets a record 870 aircraft deliveries for 2026 but faces production constraints due to ongoing engine shortages from supplier Pratt & Whitney.
Boeing 777-9 Simulators Gain Initial FAA and EASA Qualification
Boeing received initial FAA and EASA qualification for its 777-9 flight simulators, a critical step toward commencing pilot training for the new widebody.
Embraer Targets 200-Jet Order for India Assembly Line
Embraer seeks 200 firm aircraft orders from Indian carriers as a prerequisite to establishing a local final assembly line with its partner Adani Group.
Airbus Cuts A320 Targets, Citing Pratt & Whitney Engine Shortages
Airbus is scaling back A320 production targets, publicly blaming Pratt & Whitney for a significant engine shortage that is disrupting its delivery schedule.