Aerospace Parts Manufacturing Market Size

Aerospace Parts Manufacturing Market size was valued at USD 963.74 billion in 2024 and is likely to cross USD 1.62 trillion by 2037, registering more than 4.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of honeycomb paper is estimated at USD 995.35 billion.

The aerospace parts manufacturing market growth is driven by the global demand for satellite-based services in applications such as defense, navigation, communication, and earth observation. The market’s growth prospects are marked by strategic initiatives that cater to growing satellite demand. For instance, the Asia Pacific Satellite Communications Council (APSCC) in December 2023 announced the partnership of Thai Aerospace Industries (TAI) and Rivada Space Networks for a secure and reliable connectivity service in military, commercial, and general aviation. Additionally, this increased demand drives the revenue share for aerospace companies such as Stanley Black & Decker Inc., and Boeing engaged in satellite manufacturing and associated technologies.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of honeycomb paper is estimated at USD 995.35 billion.

The aerospace parts manufacturing market size was valued at USD 963.74 billion in 2024 and is likely to cross USD 1.62 trillion by 2037, registering more than 4.1% CAGR during the forecast period i.e., between 2025-2037. The market growth is attributed to global demand for satellite-based services in applications such as defense, navigation, communication, and earth observation.

North America industry is expected to hold largest revenue share of 53% by 2037, impelled by increased defense spending as this region is highly favorable in aircraft manufacturing.

The major players in the market are Elbit Systems Ltd., Intrex Aerospace, Rolls Royce plc, CAMAR Aircraft Parts Company, Safran Group, Woodward, Inc., Engineered Propulsion System, Eaton Corporation plc, Aequs, and others.

Aerospace Parts Manufacturing Market Size