Global Aircraft Parts Market to Reach US$1.0 Trillion by 2030

The global market for Aircraft Parts estimated at US$740.1 Billion in the year 2024, is expected to reach US$1.0 Trillion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Engines, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$283.9 Billion by the end of the analysis period. Growth in the Cabin Interiors segment is estimated at 6.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$194.5 Billion While China is Forecast to Grow at 5.5% CAGR

The Aircraft Parts market in the U.S. is estimated at US$194.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$165.1 Billion by the year 2030 trailing a CAGR of 5.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.0% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Global Aircraft Parts Market – Key Trends & Drivers Summarized

Why Is the Aircraft Parts Market at the Center of Aviation Sector Recovery and Modernization?
The global aircraft parts market is experiencing robust resurgence, fueled by the twin forces of commercial aviation recovery and strategic fleet modernization initiatives. After the pandemic-induced disruption, airlines are ramping up aircraft utilization and expanding route networks, creating heightened demand for both replacement parts and new components to maintain airworthiness, reliability, and operational efficiency. Scheduled maintenance, repair, and overhaul (MRO) activity has returned to pre-pandemic levels in most regions, particularly for narrow-body fleets that serve high-frequency domestic and regional routes. This renewed utilization is translating into strong aftermarket demand for consumables, rotables, and line-replaceable units (LRUs), ranging from hydraulic pumps and brake systems to avionics modules and engine components. Moreover, aging aircraft fleets in developing economies are requiring more intensive maintenance and parts replacement cycles, further boosting demand across the spare parts and refurbishments segment.

Simultaneously, OEMs and Tier 1 suppliers are accelerating production of parts for next-generation aircraft, spurred by large order backlogs from major carriers looking to upgrade to fuel-efficient and low-emission platforms. New aircraft programs like the Airbus A321XLR and Boeing 737 MAX are driving demand for lightweight, composite-intensive parts that support fuel savings and environmental compliance. Airlines and leasing companies are placing renewed emphasis on cost-efficient life-cycle management, prompting a strategic shift toward predictive maintenance supported by sensor-enabled parts and digitally traceable inventory systems. As aviation players adopt just-in-time inventory strategies to streamline logistics, suppliers are investing in digital supply chain solutions and regional warehousing to ensure part availability with minimal lead times. This supply chain transformation is reinforcing the central role of the aircraft parts market in supporting global aviation’s rebound and long-term transformation.

How Are Technology Advancements and Supply Chain Resilience Reframing the Parts Ecosystem?
Rapid technological innovation is redefining the design, manufacturing, and lifecycle management of aircraft parts across both commercial and defense aviation. Additive manufacturing (3D printing) is gaining traction for the production of lightweight, custom-designed components such as fuel nozzles, ducting systems, and brackets—reducing material waste, shortening lead times, and enabling on-demand production. Composite materials, including carbon fiber-reinforced polymers and thermoplastics, are being integrated into critical structures to minimize weight while maintaining strength and thermal performance. Smart parts equipped with embedded sensors and RFID tags are being deployed for real-time health monitoring, enabling predictive maintenance and improving traceability across aircraft systems. These innovations are particularly impactful in high-value systems such as avionics, engines, landing gear, and flight control surfaces, where performance and safety are paramount.

In parallel, the aircraft parts market is facing strategic pressure to address supply chain bottlenecks, especially in the wake of global component shortages and geopolitical tensions. Manufacturers are localizing production hubs, diversifying supplier bases, and strengthening tiered vendor oversight to improve supply continuity and lead time predictability. The emergence of digital twins and blockchain-enabled parts tracking is improving visibility and accountability across the parts lifecycle—from initial manufacture to maintenance, reuse, and disposal. For the aftermarket segment, parts distributors and MRO operators are adopting e-commerce and cloud-based inventory platforms that enable real-time availability checks and dynamic pricing. These digital ecosystems are supporting faster turnaround times for parts ordering and repair services, helping airlines and operators reduce aircraft-on-ground (AOG) instances. Together, these advances are transforming the aircraft parts sector into a digitally agile and technologically responsive pillar of modern aviation operations.

Where Is Demand Expanding Across Platform Types and Global Regions?
Demand for aircraft parts is expanding across all major platform categories, including narrow-body, wide-body, regional jets, helicopters, and military aircraft. In commercial aviation, narrow-body aircraft dominate parts demand due to their frequency of operations and quicker maintenance cycles, particularly in short-haul and low-cost carrier networks. Regional jets and turboprops are also generating stable parts demand in developing economies and secondary airports where infrastructure constraints favor smaller aircraft. Meanwhile, the wide-body segment is seeing renewed interest as international travel normalizes, pushing up requirements for high-value components such as engine modules, cabin systems, landing gear assemblies, and high-capacity brakes. Aircraft interior refurbishments—including seats, in-flight entertainment systems, and lavatory components—are also regaining traction as airlines seek to enhance passenger experience on long-haul routes.

Geographically, Asia-Pacific and the Middle East are emerging as key growth regions, underpinned by fleet expansion, rising air travel penetration, and government-backed aerospace industrialization programs. China and India, in particular, are scaling up indigenous aircraft parts production capacity to reduce import dependence and support domestic MRO ecosystems. North America and Europe remain dominant aftermarket regions due to the large installed base of aircraft and mature MRO infrastructure. Defense and military aviation is another growing segment, where parts demand is driven by fleet modernization, enhanced mission capabilities, and readiness programs. Combat aircraft, transport platforms, and UAVs require specialized high-durability components subject to stricter compliance, security, and logistics requirements. Across all regions and platform types, the growing adoption of hybrid-electric propulsion and sustainable aviation fuel systems is also reshaping parts design and compatibility considerations—creating new demand for green-compliant components and retrofitting kits.

What Is Fueling the Growth Momentum of the Aircraft Parts Market Globally?
The growth in the aircraft parts market is driven by several factors, including rising fleet utilization, aging aircraft inventories, and the increasing complexity of aviation systems. A major driver is the global rebound in passenger and cargo traffic, which is restoring aircraft utilization rates and fueling both scheduled maintenance and unscheduled part replacements. The rise of low-cost carriers and regional connectivity schemes is expanding the operational footprint of aircraft worldwide, increasing the demand for fast-moving parts and repairable components. Additionally, the global MRO market is evolving toward more predictive and condition-based maintenance models, which rely on constant parts replacement and real-time inventory management—further stimulating parts turnover and aftermarket services.

Another key growth factor is the ongoing development of next-generation aircraft with advanced avionics, lightweight structures, and integrated digital systems—all of which require sophisticated, high-performance parts. OEM production ramp-ups, especially in the narrow-body segment, are driving upstream component orders and contract manufacturing volumes. Government initiatives aimed at boosting aerospace manufacturing capabilities in emerging economies are further expanding the global production and export of aircraft parts. Additionally, leasing companies and fleet operators are investing in standardized parts platforms and long-term component support programs to lower lifecycle costs and ensure parts availability across diverse aircraft types. These structural, technological, and operational dynamics are collectively propelling the aircraft parts market into a sustained growth phase, with resilience across commercial, defense, and aftermarket verticals.