항공우주 부품 제조 시장 규모는 2024년 7,960억 7,000만 달러로 평가되며, 2026-2032년 동안 5.30%의 CAGR로 성장하여 2032년에는 1조 2,033억 1,000만 달러에 달할 것으로 예상됩니다.
항공우주란 지구 대기권 내 또는 우주 공간으로의 비행을 가능하게 하는 것을 목적으로 하는 공학, 과학, 비즈니스의 종합적인 노력을 말합니다.
항공우주 제조업체는 항공기, 그 부품, 로켓, 미사일, 우주선의 제조, 설계, 판매, 검사, 유지보수와 관련된 다양한 활동에 종사하는 개인 또는 기업으로 정의됩니다. 이 산업은 첨단 엔지니어링과 혁신적인 솔루션에 의존하기 때문에 종종 기술 부문으로 분류됩니다.
항공우주 부품은 고온용 인코넬 가공, 반응 추진 엔진 제조, 팬 블레이드, 항공기 브레이크 시스템 부품, 유압 피팅, 군용 전기 커넥터, 다양한 전자 항공우주 부품 등 다양한 부품을 포괄합니다.
항공기 산업은 항공기와 그 정비 및 운용에 필수적인 부품을 생산함으로써 민간 항공과 군용 항공을 모두 지원합니다. 대부분의 생산 공정은 정부 기관이 정한 형식 인증서와 국방 표준을 준수하여 모든 부품이 요구되는 안전 및 성능 사양을 충족하도록 보장합니다.
이러한 엄격한 접근 방식은 상업용 및 국방용 항공우주 시스템의 무결성과 신뢰성을 유지하는 데 매우 중요합니다.
세계 항공우주 부품 제조 시장을 형성하는 주요 시장 역학은 다음과 같습니다.
세계 항공 승객 수 증가 : 세계 항공 여행의 급증은 항공우주 부품 제조에 대한 수요를 크게 증가시킬 것입니다. 더 많은 사람들이 항공 운송을 선택함에 따라 전 세계 항공사는 승객 수 증가에 대응하기 위해 항공기를 확충하고 있습니다. 국제항공 운송협회(IATA)에 따르면, 수익 여객 킬로미터(RPK)로 측정되는 전 세계 항공 여객 수송량은 2019년에 2018년 대비 3.4% 증가하여 사상 최고치인 45억 명에 달했습니다.
군사 항공우주 비용의 확대 : 각국의 국방 예산 증가는 군용기 및 관련 부품에 대한 수요를 촉진하고 항공우주 부품 제조 시장을 자극할 것입니다. 스톡홀름 국제평화연구소(SIPRI)의 보고서에 따르면 2019년 세계 군사비는 1조 9,000억 달러로 2018년 대비 3.6% 증가하여 2010년 이후 가장 큰 연간 지출 증가율을 기록했습니다.
항공기 설계의 기술적 진보 : 보다 연료 효율적이고 친환경적인 항공기 모델의 개발은 첨단 항공우주 부품의 필요성을 촉진하고 제조 부문에 활력을 불어넣을 것입니다. 국제민간 항공기구(ICAO)에 따르면 신형 항공기의 연료 효율은 1990년대 항공기에 비해 20% 이상 향상되었으며, 최신 항공기의 연료 소비량은 승객 100km당 약 3리터에 불과합니다.
주요 과제
항공우주 산업의 순환적 특성 : 항공우주 산업의 순환적 특성은 항공우주 부품 제조 시장에 도전을 가져오고 시장 수요에 영향을 미칩니다. 이러한 순환성은 경제 상황과 밀접한 관련이 있으며, 전체 항공 부문의 건전성에 영향을 미칩니다. 항공우주 산업협회(AIA)에 따르면 미국 항공우주 및 방위 산업은 2020년에 순환적 경기침체를 겪으며 총 매출액이 2019년 대비 14% 감소하여 9,090억 달러에서 8,740억 달러로 떨어졌습니다.
높은 초기 설비투자 요건 : 항공우주 부품 제조 산업은 첨단 기계, 기술, 숙련된 인력에 대한 막대한 선행 투자가 필요하기 때문에 신규 진입 기업에게는 진입장벽이 되어 시장 성장을 제한할 수 있습니다. 미국 국제무역청의 보고서에 따르면, 신형 민간 항공기 개발 비용은 평균 100억-120억 달러에 달하며, 이 비용의 대부분은 복잡한 부품과 시스템이 필요하기 때문에 발생합니다.
엄격한 규제 기준 : 항공우주 산업은 엄격한 안전 및 품질 기준을 적용받기 때문에 제조 공정이 지연되고 제조업체의 비용이 상승합니다. 미국 연방항공국(FAA)은 2020 회계연도에 검사, 검사, 평가 등 5만 건 이상의 항공기 인증 관련 업무를 수행한 것으로 보고하고 있으며, 이는 이 산업에서 광범위한 규제 모니터링이 이루어지고 있음을 보여줍니다.
주요 동향
경량 소재의 사용 증가 : 항공우주 산업에서 경량 소재에 대한 수요가 급증하면서 항공우주 부품 제조에 큰 기회를 제공합니다. 항공사와 항공기 제조업체가 연비 효율과 환경 지속가능성을 점점 더 우선시함에 따라 첨단 경량 소재에 대한 필요성이 증가하고 있습니다. 미국 에너지부 보고서에 따르면, 항공우주 분야에 첨단 경량 소재를 사용하면 2030년까지 항공기의 무게를 최대 30%까지 줄이고 연료 소비를 25%까지 줄일 수 있을 것으로 예상하고 있습니다.
항공우주 산업에서 적층 가공(3D 프린팅)을 발표 항공우주 산업에서 부품 제조에 적층 가공 기술을 채택하는 움직임이 가속화되고 있으며, 보다 복잡한 설계, 낭비 감소, 신속한 시제품 제작이 가능해졌습니다. 유럽특허청(EPO)의 조사에 따르면, 항공우주 부문의 적층 가공 특허 출원 건수는 2015-2018년 사이에 매년 26%씩 증가하여 이 부문의 빠른 성장과 혁신을 보여주고 있습니다.
사물인터넷(IoT)과 예지보전의 통합 : 항공우주 산업은 항공기 부품의 실시간 모니터링과 예지보전을 위해 IoT 기술을 도입하여 안전성과 효율성을 높이고 있습니다. 국제항공 운송협회(IATA)의 보고서에 따르면, 항공우주 산업에 예지보전 기술을 도입하면 2035년까지 유지보수 비용을 최대 15% 절감하고 항공기 지상 대기 시간을 최대 35%까지 줄일 수 있다고 합니다.
The Aerospace Parts Manufacturing Market size was valued at USD 796.07 Billion in 2024 and is projected to reach USD 1203.31 Billion by 2032, growing at a CAGR of 5.30% from 2026 to 2032.
Aerospace refers to the collective efforts in engineering, science, and business aimed at enabling flight within the Earth's atmosphere and beyond into outer space.
An aerospace manufacturer is defined as an individual or company engaged in various activities related to the building, designing, selling, testing, and maintenance of aircraft, their components, rockets, missiles, or spacecraft. This industry is often categorized as a technology sector due to its reliance on advanced engineering and innovative solutions.
Aerospace parts encompass a wide range of components, including machining Inconel for high-temperature applications, manufacturing reaction-propulsion engines, fan blades, aircraft braking system components, hydraulic fittings, and military-spec electrical connectors, as well as various electronic aerospace components.
The aircraft industry supports both civil and military aviation by producing aircraft and their essential parts for maintenance and operation. Most production processes adhere to type certificates and Defense Standards set forth by government bodies, ensuring that all components meet the required safety and performance specifications.
This rigorous approach is crucial for maintaining the integrity and reliability of aerospace systems in both commercial and defense applications.
The key market dynamics that are shaping the global aerospace parts manufacturing market include:
Increasing Global Air Passenger Traffic: The surge in global air travel significantly boosts the demand for aerospace parts manufacturing. As more people choose air transportation, airlines around the world seek to expand their fleets to meet the rising passenger numbers. According to the International Air Transport Association (IATA), global air passenger traffic, measured in revenue passenger kilometers (RPKs), grew by 3.4% in 2019 compared to 2018, reaching a record high of 4.5 billion passengers.
Growing Military Aerospace Expenditure: Increased defense budgets in many countries drive the demand for military aircraft and related components, stimulating the aerospace parts manufacturing market. The Stockholm International Peace Research Institute (SIPRI) reported that global military expenditure reached USD 1.9 Trillion in 2019, representing a 3.6% increase from 2018 and the largest annual growth in spending since 2010.
Technological Advancements in Aircraft Design: The development of more fuel-efficient and environmentally friendly aircraft models drives the need for advanced aerospace parts, boosting the manufacturing sector. According to the International Civil Aviation Organization (ICAO), the fuel efficiency of new aircraft has improved by over 20% compared to aircraft from the 1990s, with modern aircraft consuming approximately 3 liters of fuel per 100 passenger kilometers.
Key Challenges
Cyclical Nature of the Aerospace Industry: The cyclical nature of the aerospace industry introduces challenges for the aerospace parts manufacturing market, influencing market demand. This cyclicality is closely linked to economic conditions and impacts the overall health of the aviation sector. According to the Aerospace Industries Association (AIA), the U.S. aerospace and defense industry experienced a cyclical downturn in 2020, with total sales declining by 14% compared to 2019, dropping from USD 909 Billion to USD 874 Billion.
High Initial Capital Investment Requirements: The aerospace parts manufacturing industry requires substantial upfront investments in advanced machinery, technology, and skilled labor, which can act as a barrier to entry for new players and limit market growth. A report by the U.S. International Trade Administration stated that the average cost to develop a new commercial aircraft ranges from USD 10 Billion to USD 12 Billion, with much of this cost attributed to the complex parts and systems required.
Stringent Regulatory Standards: The aerospace industry is subject to rigorous safety and quality standards, which slow down production processes and increase costs for manufacturers. The Federal Aviation Administration (FAA) reported that in fiscal year 2020, it conducted over 50,000 aircraft certification-related activities, including inspections, tests, and evaluations, highlighting the extensive regulatory oversight in the industry.
Key Trends
Increasing Use of Lightweight Materials: The surging demand for lightweight materials in the aerospace industry presents significant opportunities for aerospace parts manufacturing. As airlines and aircraft manufacturers increasingly prioritize fuel efficiency and environmental sustainability, there is a growing need for advanced lightweight materials. According to a report by the U.S. Department of Energy, the use of advanced lightweight materials in aerospace applications is projected to reduce the weight of aircraft by up to 30% by 2030, leading to a 25% reduction in fuel consumption.
Adoption of Additive Manufacturing (3D Printing): The aerospace industry is increasingly adopting additive manufacturing techniques for parts production, allowing for more complex designs, reduced waste, and faster prototyping. A study by the European Patent Office (EPO) found that the number of additive manufacturing patent applications in the aerospace sector increased by 26% annually between 2015 and 2018, indicating rapid growth and innovation in this area.
Integration of the Internet of Things (IoT) and Predictive Maintenance: The aerospace industry is embracing IoT technologies for real-time monitoring and predictive maintenance of aircraft parts, enhancing safety and efficiency. According to a report by the International Air Transport Association (IATA), the implementation of predictive maintenance technologies in the aerospace industry could reduce maintenance costs by up to 15% and decrease aircraft-on-ground time by up to 35% by 2035.
Here is a more detailed regional analysis of the global aerospace parts manufacturing market:
North America
North America substantially dominates the global aerospace parts manufacturing market driven by the aging aircraft fleet replacement.
The North American economy is extremely favorable for aircraft manufacturing owing to an increased number of aging fleets in the region. Replacement of this aging aircraft has contributed to the lower operating efficiency and revenue requirements for the operating airlines.
According to the U.S. Federal Aviation Administration (FAA), the average age of the U.S. commercial aircraft fleet was 11.8 years in 2020, with approximately 20% of the fleet over 20 years old, indicating a significant potential for replacement and modernization.
North America hosts several of the world's largest aerospace companies, driving innovation and production in the region. The Aerospace Industries Association (AIA) reported that in 2019, the U.S. aerospace and defense industry generated $909 billion in sales revenue, accounting for nearly 1.8% of the country's total GDP.
Substantial military budgets in North America, particularly in the United States, drive demand for military aircraft and related parts. The Stockholm International Peace Research Institute (SIPRI) reported that the United States spent $778 billion on defense in 2020, accounting for 39% of global military expenditure and significantly contributing to the aerospace parts manufacturing market.
Increased investment in space exploration and satellite technology boosts demand for specialized aerospace parts. According to NASA's budget request for fiscal year 2021, the agency sought USD 25.2 Billion, a 12% increase from the previous year, with significant allocations for space exploration programs like Artemis, driving demand for advanced aerospace components.
Asia Pacific
Asia Pacific is anticipated to witness the fastest growth during the forecast period owing to the rapid growth in the aviation industry.
The growing development in the aviation industry in Asia Pacific is driven by the economic growth of Japan, China, and other countries. There is a rapid rise in international air travel along with growing demand for international cargo which is expected to trigger regional demand for MRO activities, boosting demand for aerospace parts.
According to the International Air Transport Association (IATA), the Asia-Pacific region is expected to see the fastest growth in air passenger numbers, with a projected 3.9% annual growth rate from 2019 to 2039, resulting in an additional 2.5 billion annual passengers by 2039.
Many countries in the Asia Pacific region are upgrading their military capabilities, including their air forces, driving demand for aerospace parts.
The Stockholm International Peace Research Institute (SIPRI) reported that military spending in Asia and Oceania totaled USD 528 Billion in 2020, an increase of 2.5% from 2019. China, the region's largest spender, increased its military budget by 1.9% to USD 252 Billion.
The proliferation of low-cost carriers in the region is driving demand for new aircraft and, consequently, aerospace parts.
According to a report by the Centre for Asia Pacific Aviation (CAPA), low-cost carriers accounted for approximately 31% of seat capacity in the Asia Pacific region in 2019, up from just 10% a decade earlier.
Several countries in the region are developing their aerospace manufacturing industries, contributing to market growth.
China's Commercial Aircraft Corporation of China (COMAC) reported that as of 2020, it had received 815 orders for its C919 narrow-body airliner from 28 customers, primarily Chinese airlines, indicating the growing domestic aerospace manufacturing capabilities in the region.
The Global Aerospace Parts Manufacturing Market is segmented based on Type, End-User, And Geography.
Based on the Type, the Global Aerospace Parts Manufacturing Market is bifurcated into Engine, Aircraft Manufacturing, Cabin Interiors, Equipment, System and Support, Avionics, and Insulation Components. The aircraft manufacturing segment dominates the global aerospace parts manufacturing market, focusing on the production of complete aircraft, including airframes, wings, engines, and other essential components. A notable trend in this segment is the growing use of advanced materials, particularly composites, to reduce weight and improve fuel efficiency.
Based on End-User, the Global Aerospace Parts Manufacturing Market is bifurcated into Commercial Aircraft, Business Aircraft, and Military Aircraft. The commercial segment dominates in the global aerospace parts manufacturing market owing to the production of components specifically for commercial aircraft, including passenger and cargo planes. Recently, this segment has experienced a rising demand for lightweight materials, fuel-efficient components, and advanced avionics. Airlines and aircraft manufacturers are prioritizing fleet upgrades and modernization, driving the need for innovative, technologically advanced aerospace parts tailored to meet the specific requirements of commercial aviation.
Based on Geography, the Global Aerospace Parts Manufacturing Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America substantially dominates the Global Aerospace Parts Manufacturing Market driven by the aging aircraft fleet replacement. The North American economy is extremely favorable for aircraft manufacturing owing to an increased number of aging fleets in the region. Replacement of this aging aircraft has contributed to the lower operating efficiency and revenue requirements for the operating airlines. According to the U.S. Federal Aviation Administration (FAA), the average age of the U.S. commercial aircraft fleet was 11.8 years in 2020, with approximately 20% of the fleet over 20 years old, indicating a significant potential for replacement and modernization. North America hosts several of the world's largest aerospace companies, driving innovation and production in the region. The Aerospace Industries Association (AIA) reported that in 2019, the U.S. aerospace and defense industry generated $909 billion in sales revenue, accounting for nearly 1.8% of the country's total GDP.
The "Global Aerospace Parts Manufacturing Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are AMCO Corporation, Intrex Aerospace, Rolls Royce PLC, CAMAR Aircraft Parts Company, Safran Group, Woodward, Inc., Engineered Propulsion System, and Eaton Corporation plc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.