AEROSPACE PARTS MANUFACTURING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Aerospace manufacturers are making rising investments in advanced materials and cutting-edge technologies to produce lightweight as well as more durable and reliable parts for new-generation aircraft. With continuous emphasis on improving fuel-efficiency and emission standards, OEMs are focused on developing game-changing components and composites that can help reduce the overall weight of planes. Alloys with enhanced strength are allowing thinner and more versatile designs. Advanced coating techniques are imparting better resistance to heat and corrosion. Composite materials like carbon fiber that are super strong yet light are gaining widespread adoption replacing traditional aluminum and alloys.

Additive manufacturing or 3D printing is one area attracting major R&D funding from both startups as well as industry stalwarts. These advanced technologies facilitate complex, customized, and optimized designs not possible with traditional techniques. 3D printed parts also enable efficient production with less material wastage. They help streamline supply chains and reduce time-to-market for new products. The aerospace industry is working to certify critical components produced using

For instance, F-35, a fighter jet developed by the Lockheed Martin uses the carbon fiber material in its aircraft parts.  Carbon fiber has about 2 and 5 times less density than aluminum and steel.

• Airbus Group
• Alcoa Corporation
• Arconic Corporation
• Boeing
• Bombardier Inc.
• Collins Aerospace
• Elbit Systems Ltd
• Teijin
• Lockheed Martin Corporation
• Triumph Group, Inc
• Safran
• JAMCO Corporation
• Rolls-Royce plc
• Intrex Aerospace
• CAMAR Aircraft Parts Co.
• GENERAL ELECTRIC
• Honeywell International Inc.
• Superior Air Parts.
• Thales
• PARKER HANNIFIN