The Aerospace Parts Manufacturing Global Market Report 2023, provides comprehensive information on the aerospace parts manufacturing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global aerospace parts manufacturing market size is expected to grow from $903.18 billion in 2022 to $938.40 billion in 2023 at a compound annual growth rate (CAGR) of 3.90%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerospace parts manufacturing market is expected to reach $1,124.34 billion in 2027 at a CAGR of 4.62%.
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Technological advancements are a key trend gaining popularity in the aerospace parts manufacturing market. Major companies operating in the aerospace parts manufacturing market are focused on developing new technological solutions to strengthen their position. For instance, in January 2023, Plataine Ltd., an Israel-based provider of AI-based manufacturing optimization solutions, launched the ‘FabricOptimizer’ solution, a new AI-based solution with a nesting around defect solution. It is uniquely designed with AI-based technology that enables the manufacturers to automatically select various options and material quantities, which creates the most optimized cut plan for specific kits. It helps in aerospace manufacturing by addressing supply chain and workforce challenges through full process automation and maximizing material utilization. It helps in reducing errors, rework and material waste, which leads to continuous process improvement.
The aerospace parts manufacturing market is segmented:
1) By Product: Engines, Aerostructure, Cabin Interiors, Equipment, System and Support, Avionics, Insulation Components
2) By Application: Interior, Propulsion Systems
3) By End Use: Commercial Aircraft, Business Aircraft, Military Aircraft, Other Uses
North America was the largest region in the aerospace parts manufacturing market in 2022.
The table of contents in TBRC’s aerospace parts manufacturing market report includes:
- Executive Summary
- Aerospace Parts Manufacturing Market Characteristics
- Aerospace Parts Manufacturing Market Trends And Strategies
- Aerospace Parts Manufacturing Market – Macro Economic Scenario
- Aerospace Parts Manufacturing Market Size And Growth
…..
- Africa Aerospace Parts Manufacturing Market
- Aerospace Parts Manufacturing Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Aerospace Parts Manufacturing Market
- Aerospace Parts Manufacturing Market Future Outlook and Potential Analysis
- Appendix
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