Aerospace & Defense C-class Parts Market - By Component (Fasteners, Bearings, Electrical, Machined Parts), By Application/Work Package (Airframe, System, Engine, Interiors), By Distribution Channel, By End User & Forecast, 2021-2027
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aerospace & Defense C-class Parts Market - By Component (Fasteners, Bearings, Electrical, Machined Parts), By Application/Work Package (Airframe, System, Engine, Interiors), By Distribution Channel, By End User & Forecast, 2021-2027
Aerospace & Defense C-class Parts Market - By Component (Fasteners, Bearings, Electrical, Machined Parts), By Application/Work Package (Airframe, System, Engine, Interiors), By Distribution Channel, By End User & Forecast, 2021-2027
Aerospace & Defense C-class Parts Market Size
Aerospace & defense C-class Parts Market size was valued at over USD 11.67 billion in 2020 and is estimated to exhibit a CAGR of more than 4.7% from 2021 to 2027.
Rapidly growing demand for airframe due to the replacement of old aircraft in the commercial & defense aviation sector is anticipated to drive aerospace & defense C-class parts demand during the forecast timeframe. Also, the growing demand for fuel-efficient aircraft for major airlines across the globe is likely to propel product demand in the aerospace & defense sector.
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C-class parts are low value parts that are replaced instead of repair when damaged. They are small in size and are the most critical components used in aircraft fabrication. They are situated across the aircraft including fuselage, landing gear fittings, wings, flight control actuating systems, control surfaces, and air-intake areas near the engine.
The global market growth is credited to the emerging commercial aircraft industry. Robust demand is expected during the forecast period as strong economic growth, increase in spending power of consumers on services, and evolving airline business models offer many opportunities to passengers thereby stimulating the overall aircraft manufacturing. Stringent regulations of safety and efficient aircraft operations allow aircraft leaders to offer standard maintenance, supporting the market expansion. In addition, the rising demand for fuel-efficient commercial aircraft and rising air traffic will support the market progression.
Existing geopolitical issues among major economies including China, North Korea, South Korea, the U.S., Israel, and India have necessitated the requirement for strong aircraft fleets. This in turn will spur the investments for the development of innovative technologies along with upgrading of the existing systems. For instance, the defense budget of the U.S. for the fiscal year 2019 included the modernization program for the existing Air Force strike fighter aircraft and bombers. Additionally, replacement of older parts and newer aircraft orders will positively influence the industry growth over the coming years.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Aerospace & Defense C-class Parts Market Size in 2020 | USD 11.67 Billion |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 4.7% |
| 2027 Value Projection | USD 15.89 Billion |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 278 |
| Segments covered | Part family/Components, Application, Distribution Channel, End-user |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Impact of COVID-19 pandemic
The COVID-19 pandemic has severely impacted the aerospace & defense C-class parts market landscape. COVID-19 pandemic has reduced production by disrupting the supply & demand of raw materials globally, thereby affecting production activities worldwide. The disruption caused by the global pandemic has already resulted in a reduced output either from international or local players in the market. For instance, the transportation cost has increased, and shipping has been delayed attributed to countrywide lockdown. Due to the lower number of flights and closure of international borders, the market has witnessed several challenges. The current market disruption will impact the industry adversely as developing countries are facing many challenges owing to the shortage of supply.
Aerospace & Defense C-class Parts Market Analysis
The fasteners segment will dominate more than 50% of the market share by 2027 on account of it plays a critical role in defining longevity, structural integrity, and design in the aerospace industry. Different types of fasteners including bolts, nuts, rivets, screws, springs, valves, and washers are slated to form the basic requirement for aircraft production, broadly contributing to the largest revenue share over the forecast period. To introduce powerful & energy-efficient products in the aerospace defense segment, the demand for aerospace fasteners will be evolved to meet the stringent industrial standards and performance quality. Thus, standard fasteners in aerospace & defense C-class parts will observe a strong demand in the range of applications in commercial, shipping, military, business, etc., during the forecast period.
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The aerospace airframe segment in the aerospace & defense C-class parts market will reach USD 8.49 billion by 2027 owing to rising production rates of major projects, such as B787, A320 family, and A350XWB, driving the demand for lightweight c-class parts and global commercial aircraft fleet across developed regions. Moreover, the launch of new airlines and service extension of the existing airlines will definitely contribute to the market share. This growth in the airframe sector is projected to surge product demand in the next few years.
The aftermarket segment will account for USD 11.41 billion by 2027. Remodeling and replacement of old aircraft can expand and diversify the demand for aftermarket by introducing fleet management and line planning and adapting to new aircraft. In the long term, it is observed that an increase in the number of MRO facilities will propel the growth of commercial and defense aircraft aftermarkets.
The commercial segment dominated more than 50% of the market share in 2020 and is set to showcase 4.8% growth rate through 2027 impelled by the increasing air passenger traffic, lower air fares, and proliferating tourism & travel industry. Replacements of older parts and newer aircraft orders will positively influence the industry expansion during the forecast period. Creating new geographical routes requires new aircraft facilities, further augmenting the industry progression during the forecast timeframe.
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North America aerospace & defense C-class parts market captured over 45% of revenue share in 2020 and is predicted to expand at a CAGR of more than 4.8% between 2021 to 2027 led by the U.S. is the global leader in large civil aircraft production and offers many opportunities. Market leaders are introducing innovative& efficient solutions to maintain aircraft traffic demand. Additionally, increasing defense activities and several upcoming consignments will proliferate the industry share. Furthermore, huge investments for new aircraft designing and manufacturing in the U.S. will boost the market demand. The region is expected to grow in the upcoming years as it offers robust aerospace supply chain with capabilities in MRO, avionics, testing equipment, etc. bearing
Aerospace & Defense C-class Parts Market Share
Companies working in the market are continuously investing and focusing on innovations to meet industry challenges. Major players operating in the industry are
- Amphenol
- Stanley Black & Decker Inc.
- Eaton Corporation
- RCB Bearings Incorporated
- Trimas Corporation
- Precision Castparts corporation
- Arconic
- National Aerospace Fasteners Corporation
- SKF Bearings
- TE Connectivity
The Aerospace & Defense C-class Parts market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2027 for the following segments
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Market, By Part Family/Component
- Fasteners
- Bearings
- Electrical
- Machined Parts
Market, By Application
- Airframe
- Interiors
- Engine
- System
Market, By Distribution Channel
- OEM
- Aftermarket
Market, By End-User
- Commercial
- Military & Defense
- Spacecrafts
- Other
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology And Scope
1.1 Market definition
1.2 Base estimates & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Executive Summary
2.1 Aerospace & defense C-class parts industry 360° synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Part family/component trends
2.1.3 Application trends
2.1.4 Distribution channel trends
2.1.5 End user trends
2.1.6 Regional trends
Chapter 3 Aerospace & Defense C-Class Parts Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2017 - 2027
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Profit margin analysis
3.3.2 Value addition at each stage
3.3.3 Distribution channel analysis
3.3.4 COVID-19 impact on industry value chain
3.3.5 Vendor matrix
3.4 Innovation & sustainability
3.4.1 Patent analysis
3.4.2 Production process
3.4.3 Future trends
3.5 Raw materials analysis
3.5.1 COVID-19 impact on raw materials
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing defense expenditure by major economies
3.6.1.2 Growth in aerospace industry
3.6.2 Industry pitfall & challenges
3.6.2.1 Adhesives replacing mechanical fastener
3.7 Regulatory trends
3.7.1 U.S.
3.7.2 Europe
3.7.3 China
3.7.4 ISO
3.8 Growth potential analysis
3.9 Regional price trends
3.9.1 Cost structure analysis
3.9.1.1 R&D cost
3.9.1.2 Manufacturing & equipment cost
3.9.1.3 Raw material cost
3.9.1.4 Distribution cost
3.9.1.5 Operating cost
3.9.1.6 Miscellaneous cost
3.9.2 Price by component
3.9.3 Price by application
3.9.4 Price by distribution channel
3.9.5 Price by end-user
3.9.6 COVID-19 impact on pricing
3.10 Competitive landscape
3.10.1 Company market share analysis
3.10.2 Key stakeholders
3.10.3 Strategic dashboard
3.11 Porters analysis
3.11.1 Industry rivalry
3.11.2 Suppliers power
3.11.3 Buyers power
3.11.4 Threat of new entrant
3.11.5 Threat of substitute
3.12 PESTEL analysis
3.13 COVID-19 impact on aerospace & defense C-class parts demand
Chapter 4 Aerospace & Defense C-Class Parts Market, By Part/Family/Component
4.1 Aerospace & defense C-class parts market component insights
4.2 Fasteners
4.2.1 Market estimates and forecast, 2017 - 2027
4.2.2 Market estimates and forecast by region, 2017 - 2027
4.3 Bearings
4.3.1 Market estimates and forecast, 2017 - 2027
4.3.2 Market estimates and forecast by region, 2017 - 2027
4.4 Electrical
4.4.1 Market estimates and forecast, 2017 - 2027
4.4.2 Market estimates and forecast by region, 2017 - 2027
4.5 Machined parts
4.5.1 Market estimates and forecast, 2017 - 2027
4.5.2 Market estimates and forecast by region, 2017 - 2027
Chapter 5 Aerospace & Defense C-Class Parts Market, By Application
5.1 Aerospace & defense C-class parts market application insights
5.2 Airframe
5.2.1 Market estimates and forecast, 2017 - 2027
5.2.2 Market estimates and forecast by region, 2017 - 2027
5.3 Interiors
5.3.1 Market estimates and forecast, 2017 - 2027
5.3.2 Market estimates and forecast by region, 2017 - 2027
5.4 Engine
5.4.1 Market estimates and forecast, 2017 - 2027
5.4.2 Market estimates and forecast by region, 2017 - 2027
5.5 System
5.5.1 Market estimates and forecast, 2017 - 2027
5.5.2 Market estimates and forecast by region, 2017 - 2027
Chapter 6 Aerospace & Defense C-Class Parts Market, By Distribution Channel
6.1 Aerospace & defense C-class parts market distribution channel insights
6.2 OEM
6.2.1 Market estimates and forecast, 2017 - 2027
6.2.2 Market estimates and forecast by region, 2017 - 2027
6.3 Aftermarket
6.3.1 Market estimates and forecast, 2017 - 2027
6.3.2 Market estimates and forecast by region, 2017 - 2027
Chapter 7 Aerospace & Defense C-Class Parts Market, By End-User
7.1 Aerospace & defense C-class parts market end-user insights
7.2 Commercial
7.2.1 Market estimates and forecast, 2017 - 2027
7.2.2 Market estimates and forecast by region, 2017 - 2027
7.3 Military & defense
7.3.1 Market estimates and forecast, 2017 - 2027
7.3.2 Market estimates and forecast by region, 2017 - 2027
7.4 Spacecrafts
7.4.1 Market estimates and forecast, 2017 - 2027
7.4.2 Market estimates and forecast by region, 2017 - 2027
7.5 Others
7.5.1 Market estimates and forecast, 2017 - 2027
7.5.2 Market estimates and forecast by region, 2017 - 2027
Chapter 8 Aerospace & Defense C-Class Parts Market, By Region
8.1 Aerospace & defense C-class parts market region insights
8.2 North America
8.2.1 Market estimates and forecast, 2017 - 2027
8.2.2 Market estimates and forecast by part family/component, 2017 - 2027
8.2.3 Market estimates and forecast by application, 2017 - 2027
8.2.4 Market estimates and forecast by distribution channel, 2017 - 2027
8.2.5 Market estimates and forecast by end-user, 2017 - 2027
8.2.6 U.S.
8.2.6.1 Market estimates and forecast, 2017 - 2027
8.2.6.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.2.6.3 Market estimates and forecast, by application, 2017 - 2027
8.2.6.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.2.6.5 Market estimates and forecast, by end-user, 2017 - 2027
8.2.7 Canada
8.2.7.1 Market estimates and forecast, 2017 - 2027
8.2.7.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.2.7.3 Market estimates and forecast, by application, 2017 - 2027
8.2.7.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.2.7.5 Market estimates and forecast, by end-user, 2017 - 2027
8.3 Europe
8.3.1 Market estimates and forecast, 2017 - 2027
8.3.2 Market estimates and forecast by part family/component, 2017 - 2027
8.3.3 Market estimates and forecast by application, 2017 - 2027
8.3.4 Market estimates and forecast by distribution channel, 2017 - 2027
8.3.5 Market estimates and forecast by end-user, 2017 - 2027
8.3.6 Germany
8.3.6.1 Market estimates and forecast, 2017 - 2027
8.3.6.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.3.6.3 Market estimates and forecast, by application, 2017 - 2027
8.3.6.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.3.6.5 Market estimates and forecast, by end-user, 2017 - 2027
8.3.7 UK
8.3.7.1 Market estimates and forecast, 2017 - 2027
8.3.7.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.3.7.3 Market estimates and forecast, by application, 2017 - 2027
8.3.7.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.3.7.5 Market estimates and forecast, by end-user, 2017 - 2027
8.3.8 France
8.3.8.1 Market estimates and forecast, 2017 - 2027
8.3.8.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.3.8.3 Market estimates and forecast, by application, 2017 - 2027
8.3.8.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.3.8.5 Market estimates and forecast, by end-user, 2017 - 2027
8.3.9 Spain
8.3.9.1 Market estimates and forecast, 2017 - 2027
8.3.9.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.3.9.3 Market estimates and forecast, by application, 2017 - 2027
8.3.9.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.3.9.5 Market estimates and forecast, by end-user, 2017 - 2027
8.3.10 Italy
8.3.10.1 Market estimates and forecast, 2017 - 2027
8.3.10.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.3.10.3 Market estimates and forecast, by application, 2017 - 2027
8.3.10.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.3.10.5 Market estimates and forecast, by end-user, 2017 - 2027
8.3.11 Russia
8.3.11.1 Market estimates and forecast, 2017 - 2027
8.3.11.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.3.11.3 Market estimates and forecast, by application, 2017 - 2027
8.3.11.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.3.11.5 Market estimates and forecast, by end-user, 2017 - 2027
8.4 Asia Pacific
8.4.1 Market estimates and forecast, 2017 - 2027
8.4.2 Market estimates and forecast by part family/component, 2017 - 2027
8.4.3 Market estimates and forecast by application, 2017 - 2027
8.4.4 Market estimates and forecast by distribution channel, 2017 - 2027
8.4.5 Market estimates and forecast by end-user, 2017 - 2027
8.4.6 China
8.4.6.1 Market estimates and forecast, 2017 - 2027
8.4.6.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.4.6.3 Market estimates and forecast, by application, 2017 - 2027
8.4.6.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.4.6.5 Market estimates and forecast, by end-user, 2017 - 2027
8.4.7 India
8.4.7.1 Market estimates and forecast, 2017 - 2027
8.4.7.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.4.7.3 Market estimates and forecast, by application, 2017 - 2027
8.4.7.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.4.7.5 Market estimates and forecast, by end-user, 2017 - 2027
8.4.8 Japan
8.4.8.1 Market estimates and forecast, 2017 - 2027
8.4.8.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.4.8.3 Market estimates and forecast, by application, 2017 - 2027
8.4.8.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.4.8.5 Market estimates and forecast, by end-user, 2017 - 2027
8.5 Latin America
8.5.1 Market estimates and forecast, 2017 - 2027
8.5.2 Market estimates and forecast by part family/component, 2017 - 2027
8.5.3 Market estimates and forecast by application, 2017 - 2027
8.5.4 Market estimates and forecast by distribution channel, 2017 - 2027
8.5.5 Market estimates and forecast by end-user, 2017 - 2027
8.5.6 Brazil
8.5.6.1 Market estimates and forecast, 2017 - 2027
8.5.6.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.5.6.3 Market estimates and forecast, by application, 2017 - 2027
8.5.6.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.5.6.5 Market estimates and forecast, by end-user, 2017 - 2027
8.6 Middle East & Africa
8.6.1 Market estimates and forecast, 2017 - 2027
8.6.2 Market estimates and forecast by part family/component, 2017 - 2027
8.6.3 Market estimates and forecast by application, 2017 - 2027
8.6.4 Market estimates and forecast by distribution channel, 2017 - 2027
8.6.5 Market estimates and forecast by end-user, 2017 - 2027
8.6.6 South Africa
8.6.6.1 Market estimates and forecast, 2017 - 2027
8.6.6.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.6.6.3 Market estimates and forecast, by application, 2017 - 2027
8.6.6.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.6.6.5 Market estimates and forecast, by end-user, 2017 - 2027
8.6.7 Saudi Arabia
8.6.7.1 Market estimates and forecast, 2017 - 2027
8.6.7.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.6.7.3 Market estimates and forecast, by application, 2017 - 2027
8.6.7.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.6.7.5 Market estimates and forecast, by end-user, 2017 - 2027
8.6.8 UAE
8.6.8.1 Market estimates and forecast, 2017 - 2027
8.6.8.2 Market estimates and forecast, by part family/component, 2017 - 2027
8.6.8.3 Market estimates and forecast, by application, 2017 - 2027
8.6.8.4 Market estimates and forecast, by distribution channel, 2017 - 2027
8.6.8.5 Market estimates and forecast, by end-user, 2017 - 2027
Chapter 9 Company Profiles
9.1 Amphenol Corporation
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Precision Castparts Corporation
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Arconic Inc.
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 Easton Corp.
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 RBC Bearings Incorporated
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Stanley Black & Decker, Inc.
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Trimas Corporation
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 National Aerospace Fasteners Corporation
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 LiSi Airspace
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 NTN Corporation
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 Triumph Group, Inc.
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 Safran SA
9.12.1 &n