[Latest] Global Aircraft Component Market Size/Share Worth USD 1,599.5 Billion by 2034 at a 5.28% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Aircraft Component Market size & share revenue was valued at approximately USD 956.5 Billion in 2024 and is expected to reach USD 977.5 Billion in 2025 and is expected to reach around USD 1,599.5 Billion by 2034, at a CAGR of 5.28% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Jamco Corporation, Bombardier Inc., Eaton Corporation PLC, GE Aviation, GKN Aerospace, Hanwha Aerospace, Heracleum Group, Hindustan Aeronautics Limited, Honeywell International Inc., Leonardo S.p.A., Liebherr Group,, Mitsubishi Heavy Industries Ltd., Moog Inc., Rolls-Royce plc, and others.
Austin, TX, USA, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Aircraft Component Market Size, Trends and Insights By Aircraft Type (Commercial Aircraft, Business Jet, General Aviation Aircraft, Helicopters), By Component (Engine, Wheel and Brakes, Landing Gear, Avionics, Fuel System, Hydraulic System, Cockpit System, Others), By End Users (Commercial, Military, Government), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database.
'According to the latest research study, the demand of global Aircraft Component Market size & share was valued at approximately USD 956.5 Billion in 2024 and is expected to reach USD 977.5 Billion in 2025 and is expected to reach a value of around USD 1,599.5 Billion by 2034, at a compound annual growth rate (CAGR) of about 5.28% during the forecast period 2025 to 2034.'
Click Here to Access a Free Sample Report of the Global Aircraft Component Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=61045
Aircraft Component Market: Overview
Aircraft components are made of metal alloys, although composites are made of carbon fiber and various fiberglass resins. Aircraft components are structural components of the aircraft. Factors such as growing demand for commercial aircraft, increasing investment by OEMs and aviation companies in the manufacturing of aircraft components, and growing aircraft modernization are some of the factors mainly driving the aircraft component market.
The increasing defense budget by major countries on developing aircraft and aviation components is expected to drive market growth during the forecast period.
However, factors such as the high cost of aircraft components, less market penetration in many underdeveloped countries, lack of universal directives, and counterfeiting of the aircraft components mainly restrain the market growth.
The rapidly expanding aviation industry in emerging countries such as China, India, South Korea, Brazil, and ASEAN is expected to create lucrative opportunities for the market during the forecast period. The OEMs operating in the market collaborate with aviation companies to manufacture customized components.
The Global Aircraft Component market is segmented by aircraft type, component, end user, and region. By aircraft type, the commercial aircraft segment dominated the market and is expected to keep its dominance during the forecast period, owing to the growing adoption of commercial aircraft across the globe. The growing development of commercial aircraft and increasing travel and tours are expected to drive the market growth of this segment.
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By component, the engine segment dominated the market and is expected to keep its dominance during the forecast period owing to the increasing number of engines being replaced compared to the other components. The engine is the main component of the propulsion system, and it is the aircraft's powerhouse.
By Region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Among all these, the North American region dominated the global market and is expected to keep its dominance during the forecast period owing to the presence of the well-developed aviation industry coupled with the increasing defense budget by the government of the U.S. on aircraft modernization projects. The major countries such as U.S., Canada and Mexico are mainly driving the market growth of this region.
The Asia Pacific region is expected to grow at the fastest growth rate during the forecast period owing to the growing air travel and increasing presence of the primary key players. The major countries such as China, India, Japan, ASEAN, South Korea and Australia are mainly driving the market growth of this region.
Report Scope
Feature of the Report
Details
Market Size in 2025
USD 977.5 Billion
Projected Market Size in 2034
USD 1,599.5 Billion
Market Size in 2024
USD 956.5 Billion
CAGR Growth Rate
5.28% CAGR
Base Year
2024
Forecast Period
2025-2034
Key Segment
By Aircraft Type, Component, End Users and Region
Report Coverage
Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
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Custom Market Insights (CMI) research methodology
(Please note that the sample of the Aircraft Component report has been modified to include the COVID-19 impact study prior to delivery.)
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CMI has comprehensively analyzed the Global Aircraft Component market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the market scenario. Segment-wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Aircraft Component industry.
The competitive landscape includes key innovators, aftermarket service providers, market giants, and niche players who have studied and analyzed extensively concerning their strengths, weaknesses, and value-addition prospects. In addition, the report covers key players' profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.Request a Customized Copy of the Aircraft Component Market Report @ https://www.custommarketinsights.com/report/aircraft-component-market/
Key questions answered in this report:
What is the size of the Aircraft Component market and what is its expected growth rate?
What are the primary driving factors that push the Aircraft Component market forward?
What are the Aircraft Component Industry's top companies?
What are the different categories that the Aircraft Component Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Aircraft Component market sample report and company profiles?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2025−2034
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Aircraft Component Market: Regional Analysis
By Region, Aircraft Component market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Among all of these, North America held the largest Market share in 2025 and is expected to keep its dominance during the forecast period owing to the presence of the major key players in the region, such as Jamco Corporation, Bombardier Inc., GE Aviation, and Honeywell International Inc. in the region.
Various factors such as the presence of a well-established aviation industry, availability of infrastructure, increasing investment by the global companies in the region, growing disposable income, increasing air travel, and supportive government policies are mainly driving the market growth of this region.
The major countries such as the U.S., Canada, and Mexico are mainly driving the overall market growth. U.S. dominated the North America aircraft component market due to the well-established supply chain network for aircraft parts.
Furthermore, supportive stringent regulations and growing FAA regulations pertaining to aircraft part manufacturer approval processes in the U.S. will boost the market's growth. Various factors such as robust demand for commercial and military aircraft, growing aircraft modernization programs, and increasing air passenger traffic are some of the factors expected to create lucrative opportunities for the market during the forecast period.
The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The developing economies such as China, India, Japan, ASEAN, South Korea and Australia are mainly driving the market growth of this region. Various factors such as the growing expansion of the air fleets, increasing investment in the acquisition of the new aircraft, technological advancements, growing defence budget on the aircraft's modernization, the increasing presence of the global aviation companies in the region and increasing domestic air traffic in the area are mainly driving the market growth of this region.
China held the highest market share in the Asia Pacific market. The presence of a well-established aviation industry, the presence of a large number of OEMs, the growing air number of air travellers, and increasing investment by the government as well as private companies in the region are mainly driving the market growth of China. For instance, in 2025, about 700 million travelers are expected to fly, representing the highest volume to date.
Europe is expected to hold a significant market share during the forecast period. The major countries such as the U.K., Germany, France, Russia, Italy, Spain, and Netherlands are mainly driving the market growth of this region. Various factors, such as the rapidly expanding tours and travel industry, the presence of well-established aviation companies, and growing stringent regulations about aviation standards, are mainly driving the market growth of this region.
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Browse the full 'Aircraft Component Market Size, Trends and Insights By Aircraft Type (Commercial Aircraft, Business Jet, General Aviation Aircraft, Helicopters), By Component (Engine, Wheel and Brakes, Landing Gear, Avionics, Fuel System, Hydraulic System, Cockpit System, Others), By End Users (Commercial, Military, Government), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at https://www.custommarketinsights.com/report/aircraft-component-market/List of the prominent players in the Aircraft Component Market:
Jamco Corporation
Bombardier Inc.
Eaton Corporation PLC
GE Aviation
GKN Aerospace
Hanwha Aerospace
Heracleum Group
Hindustan Aeronautics Limited
Honeywell International Inc.
Leonardo S.p.A.
Liebherr Group,
Mitsubishi Heavy Industries Ltd.
Moog Inc.
Rolls-Royce plc
Others
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The Aircraft Component Market is segmented as follows:
By Aircraft Type
Commercial Aircraft
Business Jet
General Aviation Aircraft
Helicopters
By Component
Engine
Wheel and Brakes
Landing Gear
Avionics
Fuel System
Hydraulic System
Cockpit System
Others
By End Users
Commercial
Military
Government
Click Here to Get a Free Sample Report of the Global Aircraft Component Market @ https://www.custommarketinsights.com/report/aircraft-component-market/
Regional Coverage:
North America
U.S.
Canada
Mexico
Rest of North America
Europe
Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
This Aircraft Component Market Research/Analysis Report Contains Answers to the following Questions.
Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Aircraft Component Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Aircraft Component Market? What Was the Capacity, Production Value, Cost and PROFIT of the Aircraft Component Market?
What Is the Current Market Status of the Aircraft Component Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Aircraft Component Market by Considering Applications and Types?
What Are Projections of the Global Aircraft Component Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Aircraft Component Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Aircraft Component Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Aircraft Component Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Aircraft Component Industry?
Click Here to Access a Free Sample Report of the Global Aircraft Component Market @ https://www.custommarketinsights.com/report/aircraft-component-market/
Reasons to Purchase Aircraft Component Market Report
Aircraft Component Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Aircraft Component Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Aircraft Component Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Aircraft Component Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
The study provides a thorough overview of the global Aircraft Component market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
Buy this Premium Aircraft Component Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/aircraft-component-market/
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Aircraft Component market analysis.
The competitive environment of current and potential participants in the Aircraft Component market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Aircraft Component market should find this report useful. The research will be useful to all market participants in the Aircraft Component industry.
Managers in the Aircraft Component sector are interested in publishing up-to-date and projected data about the worldwide Aircraft Component market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Aircraft Component products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
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Tech Soft 3D Joins AOUSD, Adds Support to Accelerate 3D Interoperability with CAD in OpenUSD and NVIDIA Omniverse Workflows
BEND, Ore. & SANTA CLARA, Calif.--(BUSINESS WIRE)--Tech Soft 3D, a leading provider of engineering software development tools, and NVIDIA announced a collaboration centered around Universal Scene Description (OpenUSD) and the NVIDIA Omniverse™ platform. "Tech Soft 3D's investment in USD is great news for the entire industrial and CAD ecosystem," says Aaron Luk, Director of Product Management at NVIDIA. Tech Soft 3D has also officially joined the Alliance for OpenUSD (AOUSD) and will be contributing jointly with NVIDIA and other alliance members to the continued development and definition of the OpenUSD standard. Since 2022, NVIDIA has been licensing HOOPS Exchange, Tech Soft 3D's powerful CAD data access toolkit, to enable native CAD file conversion into OpenUSD — a critical step in allowing developers to build 3D digital twin solutions across industries. Now, with the latest release of HOOPS Exchange, developers can export data directly from the most popular CAD applications to USD, the foundational format for the NVIDIA Omniverse development platform and a key enabler of 3D interoperability across AI and simulation workflows and applications. This new capability supports seamless, high-fidelity translation of engineering data for use in visualization, simulation, and large-scale digital twin environments developed on Omniverse libraries. 'This evolution of HOOPS Exchange is a huge leap forward for the engineering software community,' said Gavin Bridgeman, CTO of Tech Soft 3D. 'Our mission has always been to empower developers with the best tools to unlock the full value of their rich engineering data. By enabling export to USD, we're accelerating how that data fuels next-gen digital twins, immersive simulations, and AI-powered experiences across both consumer and industrial applications.' With HOOPS Exchange now supporting export to USD, developers can bring rich engineering data from over 30 CAD file formats—including CATIA®, STEP, SOLIDWORKS®, and many others—into any 3D application that supports the USD format, enabling powerful workflows across a broad and growing ecosystem of USD-compatible tools. As USD rapidly becomes the interoperability standard for aggregating 3D and other digital content at scale, this capability empowers engineering software developers to deliver seamless, high-fidelity experiences for visualization, simulation, and digital twin creation across the entire product lifecycle. 'Tech Soft 3D's investment in USD is great news for the entire industrial and CAD ecosystem,' says Aaron Luk, Director of Product Management at NVIDIA. 'HOOPS offers an unparalleled opportunity for CAD users to seamlessly connect their data to USD, unleashing the immense power of its composition capabilities to aggregate diverse data sources and construct comprehensive digital twins for industrial and physical AI use cases.' Those in the Tech Soft 3D developer ecosystem can now better integrate with the OpenUSD ecosystem, empowering thousands of engineering software developers to explore and innovate without barriers. About Tech Soft 3D Tech Soft 3D is the leading provider of engineering software development toolkits and industrial applications for CAD & CAE data conversion, visualization, and simulation. Established in 1996 and headquartered in Bend, Oregon, Tech Soft 3D has additional offices in the USA, France, England, Japan, Germany, and Norway. Tech Soft 3D is backed by investment firm Battery Ventures.
Yahoo
2 hours ago
- Yahoo
Pound treads water as Bank of England holds interest rates
The pound was little changed against the dollar ahead of the Bank of England's (BoE) interest rate decision, trading at $1.3418. Zara Nokes, analyst at JP Morgan Asset Management, warned the escalating tensions and the 'upward pressure this is putting on oil prices, will only add to the Bank of England's concern about easing rates too quickly'. She said: 'The Monetary Policy Committee (MPC) will face a tougher choice when meeting again in August, given the combination of still-sticky inflation and evidence that the labour market is quite clearly cooling. 'A deterioration in the labour market should, in theory, put downward pressure on inflation, but until there are clear signs of this in the hard data, the Bank should be careful not to claim victory over inflation quite yet, not least because of the uncertain geopolitical climate.' The dollar has strengthened in recent days amid a surge in demand for safe havens over the conflict between Israel and Iran. The US dollar index ( which tracks the greenback against a basket of six major currencies, rose 0.1% to $98.99. Read more: Bank of England expected to hold interest rates as inflation comes in above target Crucially, the US Federal Reserve left its outlook for interest rates this year unchanged, with its 'dot plot' indicating there will be another two cuts. Meanwhile, in other currency moves, the pound was slightly higher against the euro, trading at €1.1700 at the time of writing. Oil prices surged in early European trading amid reports that Israel had attacked Iranian nuclear sites overnight, fuelling market fears of a broader conflict that could disrupt crude supplies. Brent crude futures rose 0.4% to $77.04 a barrel, at the time of writing, while West Texas Intermediate futures climbed 0.8% to trade at $75.72 a barrel. Yael Selfin, chief economist at KPMG UK, said: 'Energy prices have emerged as a key risk to the inflation outlook following the escalation in the Middle East. 'Oil prices have increased by more than 13% since the start of last week. The immediate impact of this will likely see prices at the fuel pumps rise, reversing the fall in petrol prices motorists were benefitting from recently.' She added: 'The recent movements in energy prices add further uncertainty to an already volatile global economic backdrop. Read more: FTSE 100 LIVE: Stocks slip as Bank of England set to hold interest rates amid inflation fears Goldman Sachs on Wednesday said a geopolitical risk premium of about $10 a barrel is justified given lower Iranian supply and risk of wider disruption that could push Brent crude above $90. There is still a 'healthy risk premium baked into the price as traders await to see whether the next stage of the Israel-Iran conflict is a US strike or peace talks,' Tony Sycamore, market analyst at IG, said in a client note. Energy markets are weighing the likelihood of direct US involvement in the conflict, as well as the potential for major supply disruptions, particularly worst-case scenarios, such as Iran blocking the strategic Strait of Hormuz. Gold prices fell on Thursday amid a resurgent dollar and a more hawkish outlook from the Federal Reserve that capped gains stemming from the Middle East tensions. Gold futures retreated 0.8% to trade at $3,381.30 per ounce at the time of writing, while the spot gold price lost 0.6% to $3,364.81 per ounce. The dollar, another traditional safe haven, is in high demand after the US Federal Reserve's decision to keep interest rates unchanged and forecasting only two rate cuts this year. This has made it more difficult for gold buyers to gain momentum. Stocks: Create your watchlist and portfolio In a note, Citigroup (C) lowered its price target for gold, expecting it to fall below the $3,000 level by late 2025 or early 2026. The bank cited declining investment demand and an improving global growth outlook. "We see investment demand for gold abating in late 2025 and 2026, as ultimately, we see the President Trump popularity and US growth 'put' kicking in, especially as the US mid-terms come into focus," Citi analysts wrote. More broadly, the FTSE 100 (^FTSE) was lower, down 0.6% to trade at 8,793 points at time of writing. For more details, check our live coverage here. Read more: UK inflation slows to 3.4% in May as transport costs ease Why the UK's AIM is struggling 30 years on Why UK can leapfrog EU and US on crypto, according to Coinbase execSign in to access your portfolio
