Aircraft Machined Components Market Report 2025 (Global Edition)

Global Aircraft Machined Components Market Report 2025 Market Size Split by Process Type (Milled Parts, Turned Parts), by Application (Airframe, Engine, Landing Gear), by Aircraft Type (Commercial Air...

Aircraft Machined Components Market Report Description

We have various report editions of Aircraft Machined Components Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Aircraft Machined Components Market Insights Video

Competitive Landscape of the Aircraft Machined Components Market

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major aircraft machined components market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

Aircraft Machined Components Industry News

• In September 2023, a new Dh20 million 3D printing hub in Dubai took a step to transform the aviation industry into a more sustainable industry by producing lightweight replacement aircraft components.

(Source: www.thenationalnews.com/uae/2023/09/23/inside-the-dh20m-dubai-3d-printing-plant-aiming-to-produce-20000-airplane-parts-a-year/)

Top Companies Market Share in Aircraft Machined Components Industry: (In no particular order of Rank)

• Spirit AeroSystems Inc.
• GKN Aerospace
• Collins Aerospace
• MITSUBISHI HEAVY INDUSTRIES LTD.
• Premium AEROTEC S.R.L.
• STELIA Aerospace
• Howmet Aerospace
• Precision Castparts Corp.
• MTU Aero Engines AG
• GENERAL ELECTRIC
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North America Aircraft Machined Components Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region's aerospace industry, which is distinguished by major players and advanced manufacturing capabilities that are contributing significantly to the market's overall strength. Substantial demand for commercial and military aircraft, combined with a focus on technological advancements, positions North America as a key player in the production and utilization of machined components within the aircraft manufacturing sector.

Europe has emerged as the fastest-growing segment in the aircraft machined components market. The region's aerospace industry is witnessing substantial growth, compelled by increased demand for modern and fuel-efficient aircraft. Factors such as technological advancements, rigid safety regulations, and a focus on sustainability contribute to the rapid growth of machined components within Europe, placing it as a key player in the global aircraft manufacturing landscape.

The current report Scope analyzes Aircraft Machined Components Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Aircraft Machined Components Market Analysis

According to Cognitive Market Research, the global aircraft machined components market size was estimated at USD 28.2 Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 11.28 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030 due to robust aerospace industry, technological innovation, and increasing demand for commercial and military aircraft. The region's emphasis on aviation advancements, which are linked to strong manufacturing capabilities, positions it as a key driver of the market's growth. According to Cognitive Market Research, the presence of major aerospace OEMs and a skilled workforce further contributes to the region's prominence in the aircraft machined components market. In conclusion, the application of sustainable practices and the region's obligation to environmental regulations reinforce North America's role in determining the future of aerospace manufacturing. This assurance aligns with the global push for eco-friendly aviation solutions, placing North America as a leader in both traditional and sustainable aircraft machined components.

Europe Aircraft Machined Components Market Analysis

According to Cognitive Market Research, with a market value of USD 28.2 billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 8.46 billion due to the region’s engineering excellence, technological advancements in aircraft design and manufacturing, and focus on sustainability. Additionally, Europe's strong defense sector plays an important role in the growing demand for advanced machined components, particularly with constant modernization efforts and the development of advanced military aircraft. According to Cognitive Market Research, The region's well-established infrastructure, skilled workforce, and strategic partnerships contribute to the continuous production and integration of machined components in the aerospace supply chain. In conclusion, Europe's growth in the aircraft machined components market is driven by its technological competency, commitment to sustainability, demand for innovative aerospace solutions, and a strong defense industry, collectively positioning the region as a key player in the global market.

Asia Pacific Aircraft Machined Components Market Analysis

According to Cognitive Market Research, the global aircraft machined components market size was estimated at USD 28.2 Billion, out of which Asia Pacific held the market of more than 22% of the global revenue with a market size of USD 6.20 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030 due to the robust economic growth and increasing air travel demand. With considerable investments in fleet expansion across Asia Pacific, there is a constant rise in demand for precision-engineered machined components in the aviation sector. Additionally, the focus on research and development in countries like China, Japan, and South Korea positions Asia Pacific as a hub for technological advancements in aerospace engineering. According to Cognitive Market Research, the region's commitment to sustainable aviation solutions, driven by environmental concerns, supports the global push for ecological practices, influencing the demand for advanced machined components. In conclusion, Asia Pacific's growth in the aircraft machined components market is driven by its expanding aviation industry, robust manufacturing capabilities, technological innovation, and commitment to sustainability, which makes it a key player in the aerospace industry.

South America Aircraft Machined Components Market Analysis

According to Cognitive Market Research, the global aircraft machined components market size was estimated at USD 28.2 Billion, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 4.41 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030 due to economic development, fleet expansion, regional collaboration, and emerging aerospace hubs. Increasing economic development in Latin American countries leads to a rise in demand for air travel, which fosters growth in the aviation sector. According to Cognitive Market Research, Latin American countries are investing in updating their aviation infrastructure, leading to an increase in demand for advanced machined components. Further, collaborative initiatives and partnerships within the region's aerospace industry contribute to the growth of machined components production and innovation. In conclusion, Latin America's growth in the aircraft machined components market is driven by economic progress, fleet expansion, modernization efforts, collaborative initiatives, government support, and the emergence of aerospace hubs in the region.

Middle East Aircraft Machined Components Market Analysis

According to Cognitive Market Research, the h7l machined components market size was estimated at USD 28.2 Billion out of which Middle East and Africa held the major market of more than 3% of the global revenue with market size of USD 0.85 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030 due rising air travel, investments in aviation infrastructure, rise in military aviation, emerging aerospace manufacturing hubs, and technological advancements. The Middle East's strategic location and role as a global aviation hub contribute to increased demand for aircraft components. Additionally, the region's growing tourism and business sectors drive a surge in air travel, raising demand for new aircraft and machined components. According to Cognitive Market Research, ongoing investments in defense and military aviation contribute to the growth of the machined components market, particularly for advanced military aircraft. In conclusion, the Middle East and Africa's growth in the aircraft machined components market is driven by its strategic geopolitical position, increased air travel demand, investments in aviation infrastructure, military aviation developments, and emergence as manufacturing hubs, technological advancements, and strategic collaborations.

Aircraft Machined Components Market Analysis

Aircraft Machined Components Process Type Segment Analysis

According to Cognitive Market Research, milled parts hold a significant share of the aircraft machined components market. Their essential role in aerospace manufacturing, offering precision and durability, contributes to their dominance. Milled parts play a dominant role in determining the landscape of the aircraft machined components market, holding a major share in response to industry demands.

Turned parts emerge as the fastest-growing segment in the aircraft machined components market. Prominent for their strictness and versatility, turned components play an essential role in aerospace manufacturing. The accelerated growth in demand for these components reflects their essential role in making efficient and reliable aircraft structures, marking them as a dynamic and crucial sector within the market.

• Milled Parts
• Turned Parts

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft Machined Components Industry. Request a Free Sample PDF!

Aircraft Machined Components Application Segment Analysis

According to Cognitive Market Research, the engine holds the major share in the aircraft machined components market. Critical components within aircraft engines, such as turbine blades, shafts, and casings, rely on the accuracy of machining for optimum performance. As technological advancements in aviation engines remain to continue, the demand for high-precision machined components remains strong.

The landing gear segment is emerging as the fastest-growing sector in the aircraft machined components market. Rising demand for advanced landing gear systems, driven by factors like aircraft modernization and security enrichments, fuels the rapid growth of machined components within this segment, which highlights its pivotal role in ensuring aviation safety and performance.

• Airframe
• Engine
• Landing Gear

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aircraft Machined Components Aircraft Type Segment Analysis

According to Cognitive Market Research, the commercial aircraft segment dominates the aircraft machined components market, holding a significant market share. This sector's prominence is due to the strong demand for air travel, which leads to increased production and maintenance requirements for commercial airplanes. Machined components play a critical role in ensuring the reliability and performance of aircraft, which contributes to the segment's substantial market presence.

The military aircraft segment is the fastest-growing sector in the aircraft machined components market. Increasing defense budgets, technological advancements, and growing security concerns are driving the demand for sophisticated military aircraft. This rise in requirements for military aviation solutions drives the rapid growth of machined components within the defense aerospace industry.

• Commercial Aircraft
• Regional Aircraft
• Helicopters
• Military Aircraft
• General Aviation

Aircraft Machined Components Material Type Segment Analysis

According to Cognitive Market Research, Aluminum commands a substantial market share in the aircraft machined components market. Its lightweight yet durable properties make it a preferred material for the production of critical components in the aerospace industry. As the demand for fuel-efficient and technologically advanced aircraft continues to rise, Aluminum remains a principal choice for machined components in the aerospace manufacturing sector.

Titanium is emerging as the fastest-growing material in the aircraft machined components market. Due to its significant strength-to-weight ratio, resistance to corrosion, and capacity to operate at high temperatures, titanium is rising in demand in aerospace applications. The demand for slim yet durable components in modern aircraft is propelling the rapid growth of titanium within the machined components sector.

• Aluminum
• Stainless Steel
• Titanium
• Other (Metals & Alloys)

Aircraft Machined Components End-User Segment Analysis

According to Cognitive Market Research, original equipment holds a significant share of the aircraft machined components market. Original equipment manufacturers (OEMs) play a vital role in designing and producing machined components for several aircraft systems. As aviation technology grows, OEMs constantly drive innovation and sustain a substantial presence in the market. Their influence spreads across various platforms, including airframes and engines, that contribute to the overall growth and stability of the aircraft machined components market.

The aftermarket segment is the fastest-growing sector in the aircraft machined components market. Rising demand for replacement and advanced components, driven by maintenance, repair, and overhaul activities, drives the growth of machined components in the aftermarket. This inclination is fueled by the need to extend life and improve the performance of existing aircraft fleets.

• Original Equipment (OE)
• Aftermarket

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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