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Aerospace And Defense C-Class Parts Market Share | Industry Developments, Outlook, Current Trends by 2025

Author : Rahul Varpe | Published Date : 2020-08-25 

What will be the impact of expanding commercial segment on the aerospace and defense c-class parts market?

By year 2025, the aerospace and defense c-class parts market is projected to surpass USD 14 billion. There is a surging demand for commercial aircrafts in developing countries owing to the growth of the middle-class and the subsequent rise in people travelling through air. This would further improve the business outlook and growth margins of the global airline sector, making significant contribution towards the aerospace and defense c-class parts market growth during the forecast time span.

According to the Boeing Pilot and Technician Outlook report published in 2019, there will be a need for approximately 44,000 new aircrafts throughout the world over the coming 20 years and the Asia Pacific region will account for more than 39% of this total airplane demand. 

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What contribution would APAC make towards the expansion of the aerospace and defense c-class market size?

The APAC region is projected to account for more than 17% of the aerospace and defense c-class parts industry share during the forthcoming years. The APAC region represents a predominant chunk of the global population, boasting of a rapidly growing middle class income bracket, which is surely expected to trigger the air traffic in the future.

Additionally, government and private organizations are spending massive amounts on airport construction projects; this trend is anticipated to further enhance infrastructure across the landmass and should further promote trade activities. These trends would propel the overall aerospace and defense c-class market outlook in the forecast time span. 

How will the expanding commercial segment impact growth of aerospace and defense c-class parts market by 2025?

On the basis of end-user application, the aerospace and defense c-class parts market draws growth form military and defense, spacecrafts, and commercial segment. Among these, the commercial end-use sector established itself as the biggest segment in 2018 due to increased number of air passengers, lowering air travel charges owing to the cutthroat competitions between airlines and the emerging travel and tourism industry.

The commercial segment accounted for total of over 55% by revenue of the market share in 2018 and it is expected to touch the USD 8 billion mark by 2025.

Meanwhile, the military and defense segment may witness a rapid growth particularly with a CAGR of 5% over the forecast time span.

How are the spare parts and components sales influencing the aftermarket segment growth?

The aftermarket segment falling under the distribution channel of aerospace and defense c-class parts industry is expected to earn a market stake of more than 70% till 2025. Aftermarket primarily includes market for spare parts, accessories and other components all integrated together. Increasing need for periodic maintenance, overhaul and repair services (MRO) should upsurge the aircraft aftermarket c-class parts industry over the forecast time span.    

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Some of the prominent players of the global aerospace and defense c-class parts industry trends are Amphenol Corporation, Trimas Corporation, Eaton Corporation, Satcom Direct, SKF, LiSi Aerospace, LMI Aerospace Inc., Triumph Group, Safran SA and several others. As per the latest research report presented by Global Market Insights, Inc., the overall aerospace and defense c-class parts market is expected to surpass total valuation of $14 billion by 2025.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

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