GITNUX MARKETDATA REPORT 2024

Aerospace Parts Manufacturing Industry Statistics

The aerospace parts manufacturing industry is expected to grow steadily due to increasing demand for aircraft and related components, with a focus on efficiency and quality control to meet industry standards.

With sources from: ibef.org, grandviewresearch.com, indiatoday.in, ibisworld.com and many more

Statistic 1

In 2020, the commercial aerospace segment held a 52% share of the aerospace parts manufacturing industry.

Statistic 2

The structures product segment accounted for the largest revenue share of over 43.1% in 2020 within the Aerospace parts manufacturing market.

Statistic 3

The industry also includes a 4.3% growth for the aircraft engine & engine parts segment from 2021 to 2028.

Statistic 4

The propulsion systems segment; which includes engines, is projected to register a CAGR of 3.8% during the forecast period.

Statistic 5

The US aerospace manufacturing sector supported $459 billion to GDP in 2018.

Statistic 6

This industry employed 511,000 workers in the United States in 2020.

Statistic 7

The aerospace manufacturing industry in the United States exported $151.5 billion in goods in 2018.

Statistic 8

In 2019, total R&D funding for aerospace manufacturing in the U.S. was $18.5 billion.

Statistic 9

As of 2020, Brazil has the second largest commercial aerospace industry.

Statistic 10

In 2020, 40% of all aerospace parts manufacturing companies in Europe reported profitability issues related to the Covid-19 pandemic.

Statistic 11

In 2021, the aviation parts manufacturing industry in Canada is valued at $1.8 billion.

Statistic 12

The aircraft parts & auxiliary equipment manufacturing in Canada has experienced an annual growth of -2.4% from 2016 to 2021.

Statistic 13

The aerospace parts manufacturing market in India is expected to hit £3.9 billion by 2030.

Statistic 14

The global market volume of aerospace composite materials is forecasted to reach around 82,000 tonnes by 2022.

Statistic 15

By 2027, annual demand for aerospace aftermarket parts, globally, is projected to be $115 billion.

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In this post, we will explore key statistics and insights within the aerospace parts manufacturing industry, shedding light on market shares, revenue trends, employment figures, and global market forecasts. From dominant segments to export figures and growth projections, this analysis offers a comprehensive overview of the industry’s landscape in various regions around the world.

Statistic 1

"In 2020, the commercial aerospace segment held a 52% share of the aerospace parts manufacturing industry."

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Statistic 2

"The structures product segment accounted for the largest revenue share of over 43.1% in 2020 within the Aerospace parts manufacturing market."

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Statistic 3

"The industry also includes a 4.3% growth for the aircraft engine & engine parts segment from 2021 to 2028."

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Statistic 4

"The propulsion systems segment; which includes engines, is projected to register a CAGR of 3.8% during the forecast period."

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Statistic 5

"The US aerospace manufacturing sector supported $459 billion to GDP in 2018."

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Statistic 6

"This industry employed 511,000 workers in the United States in 2020."

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Statistic 7

"The aerospace manufacturing industry in the United States exported $151.5 billion in goods in 2018."

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Statistic 8

"In 2019, total R&D funding for aerospace manufacturing in the U.S. was $18.5 billion."

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Statistic 9

"As of 2020, Brazil has the second largest commercial aerospace industry."

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Statistic 10

"In 2020, 40% of all aerospace parts manufacturing companies in Europe reported profitability issues related to the Covid-19 pandemic."

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Statistic 11

"In 2021, the aviation parts manufacturing industry in Canada is valued at $1.8 billion."

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Statistic 12

"The aircraft parts & auxiliary equipment manufacturing in Canada has experienced an annual growth of -2.4% from 2016 to 2021."

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Statistic 13

"The aerospace parts manufacturing market in India is expected to hit £3.9 billion by 2030."

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Statistic 14

"The global market volume of aerospace composite materials is forecasted to reach around 82,000 tonnes by 2022."

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Statistic 15

"By 2027, annual demand for aerospace aftermarket parts, globally, is projected to be $115 billion."

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Interpretation

In conclusion, the aerospace parts manufacturing industry has shown significant growth and trends across different segments and regions. The commercial aerospace sector continues to dominate the market, with a strong presence in the US and Brazil. The focus on structures and propulsion systems indicates a promising future in the industry, supported by substantial R&D funding. However, challenges such as profitability issues due to the Covid-19 pandemic have impacted companies in Europe. Looking ahead, the market is projected to expand globally, with increasing demand for aftermarket parts driving substantial revenue opportunities.

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