Aerospace Parts Manufacturing Market 2023 – Size, Industry Growth Rate, Top Trends, Major Players And Forecast To 2032 | Jamco Corporation, Intrex Aerospace, Rolls Royce Plc., CAMAR Aircraft Parts Company, Safran S.A. erica Holdings

The Aerospace Parts Manufacturing Global Market Report 2023 by The Business Research Company, provides aerospace parts manufacturing market overview 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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As elucidated in The Business Research Company’s Aerospace Parts Manufacturing Global Market Report for 2023, the trajectory of the global aerospace parts manufacturing market is poised for expansion. Forecasts indicate a growth from $903.18 billion in 2022 to an anticipated $938.40 billion in 2023, underpinned by a commendable compound annual growth rate (CAGR) of 3.90%. However, the specter of the Russia-Ukraine war casts a shadow over the short-term global economic recovery post-COVID-19. This geopolitical conflict has triggered economic sanctions, commodity price surges, and supply chain disruptions, instigating inflation across various sectors worldwide. Nevertheless, the global aerospace parts manufacturing market is projected to ascend to $1,124.34 billion by 2027, maintaining a robust CAGR of 4.62%.

An instrumental force driving this growth lies in the anticipated surge in passenger traffic. Passenger traffic, encompassing all individuals boarding and disembarking aircraft, is a pivotal metric for assessing market dynamics. Calculated as passenger miles traveled divided by the total distance traveled during a specific period, it signifies a substantial increase in demand. This consistent rise in passenger traffic necessitates the augmented production of aircraft, subsequently propelling the demand for aerospace parts. This symbiotic relationship between escalating passenger traffic and increased aircraft manufacturing is set to be a pivotal driver for market growth. As we navigate the intricacies of the aerospace parts manufacturing market, it becomes evident that the confluence of geopolitical events, global economic dynamics, and burgeoning travel needs is shaping the trajectory of this critical industry.

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The aerospace parts manufacturing market is segmented:

1) Aerospace Parts Manufacturing Market By Product: Engines, Aerostructure, Cabin Interiors, Equipment, System and Support, Avionics, Insulation Components

2) Aerospace Parts Manufacturing Market By Application: Interior, Propulsion Systems

3) Aerospace Parts Manufacturing Market By End Use: Commercial Aircraft, Business Aircraft, Military Aircraft, Other Uses

Top Major Players

Jamco Corporation

Intrex Aerospace

Rolls Royce Plc.

CAMAR Aircraft Parts Company

Safran S.A. erica Holdings

The aerospace parts manufacturing landscape is currently witnessing a pronounced emphasis on technological advancements, a trend that is rapidly gaining momentum. Leading players within this dynamic sector are strategically directing their efforts towards pioneering innovative technological solutions to fortify their market positions. A notable illustration of this forward-looking approach is evident in the actions of Plataine Ltd., an Israel-based trailblazer specializing in AI-based manufacturing optimization solutions. In January 2023, the company unveiled the ‘FabricOptimizer’ solution, an ingenious AI-powered system featuring a defect solution within its nesting capabilities. This cutting-edge solution harnesses the power of artificial intelligence, empowering manufacturers to automatically navigate through a myriad of options and material quantities. The outcome is a meticulously optimized cut plan tailored for specific kits, thereby significantly enhancing efficiency in aerospace manufacturing. By addressing challenges in the supply chain and workforce dynamics through comprehensive process automation, this solution plays a pivotal role in maximizing material utilization. Its impact is far-reaching, mitigating errors, minimizing rework, and curbing material waste, thereby fostering a culture of continuous process improvement within the aerospace parts manufacturing domain. This transformative integration of AI-driven technologies exemplifies a strategic and progressive approach, positioning these industry players at the forefront of innovation and operational excellence in the evolving landscape of aerospace parts manufacturing.

The aerospace parts manufacturing market report table of contents includes:

1. Executive Summary

2. Aerospace Parts Manufacturing Market Characteristics

3. Aerospace Parts Manufacturing Market Trends And Strategies

4. Aerospace Parts Manufacturing Market – Macro Economic Scenario

5. Aerospace Parts Manufacturing Market Size And Growth

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26. Africa Aerospace Parts Manufacturing Market

27. Aerospace Parts Manufacturing Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Aerospace Parts Manufacturing Market

29. Aerospace Parts Manufacturing Market Future Outlook and Potential Analysis

30. Appendix