Report Details:
15 Companies Covered
120 Pages
Market Research Future (MRFR) has published a cooked research report on the “Global Aircraft Aftermarket Parts Market” that contains information from 2019 to 2035.
The Aircraft Aftermarket Parts Market is estimated to register a CAGR of 6.64% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Aircraft Aftermarket Parts Market: AAR (US), Walter Aviation Limited (UK), Eaton (Ireland), Parker Hannifin Corporation (US), Aviall (US), Kellstrom Aerospace (US), General Electric (US), Honeywell International Inc. (US), Meggitt PLC (England), and Collins Aerospace (US).
Aircraft Aftermarket Parts Market Highlights
The Aircraft Aftermarket Parts Market is expected to register a CAGR of 6.64% during the forecast period and is estimated to reach USD 56.64 Billion by 2035, up from USD 27.92 Billion in 2024.
Driving market growth are the increasing global aircraft fleet size, growing air passenger traffic, and the need for efficient maintenance, repair, and overhaul (MRO) services. With airlines focusing on optimizing operational performance, the need for aftermarket parts becomes more and more crucial.
Innovations like predictive maintenance, AI-automated diagnostics, and digital platforms for MRO service automation all contribute to maintaining aircraft more efficiently, facilitating quicker repairs and less downtime. Furthermore, aftermarket supply chains are digitized, streamlined, and more easily accessible.
Sustainability is fast becoming a powerful market influencer. Airlines and operating fleets are adopting green policies by using eco-friendly and recycled MRO services and aircraft maintenance parts. In addition to the self-imposed expectations of the airlines to achieve operational eco-efficiency, the FAA and the EASA also enforce regulatory compliance to maintain safety in the aircraft operation, which, in addition to replaced certified parts, increases the issuance of cleared MRO documentation and operational audits.
Segment Analysis
The Global Aircraft Aftermarket Parts Market has been segmented based on Parts, Application, and Region.
By Parts: MRO Parts, Rotatable Scrap, Replacement Parts, Consumables, and Expendables.
The MRO parts segment dominates the market as airlines prioritize ongoing maintenance amid the rise in next-generation aircraft. Increasing complexity in aircraft systems has reinforced the need for high-quality, certified MRO components worldwide.
By Application: Commercial and Military.
The Commercial segment leads the market and is projected to grow at a CAGR of 7.63%, driven by expanding airline fleets, surging air cargo operations, and growing emphasis on timely maintenance to ensure passenger safety and operational efficiency.
Regional Analysis
By Region, the Aircraft Aftermarket Parts Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
North America leads the world market largely because it is the home to most MRO service providers and manufacturers. North America’s standardization processes and certification, especially the U.S. benchmark, are driving aftermarket growth.
Europe is the second largest market, due to liberalization of the laws and regulations around the certification of spare parts and investment into the maintenance of aircraft. Germany and the UK are the primary drivers of growth due to investment in and development of the maintenance of the aircraft and aerospace manufacturing.
The Asia-Pacific region is predicted to have the highest growth in the world market between 2025 and 2035 due to rapid fleet growth, increased air travel, and the digitization of MRO. China and India have developed their aviation infrastructure and domestic parts manufacturing.
The Rest of the World (including the Middle East and Latin America) is growing due to the establishment of parts distribution centers and the determined advancement of dominant OEMs, which is also motivated by the demand.
Key Findings of the Study
- The Global Aircraft Aftermarket Parts Market is expected to reach USD 56.64 Billion by 2035, at a CAGR of 6.64% during the forecast period.
- North America accounted for the largest market share in 2024, followed by Europe.
- Based on Parts, the MRO Parts segment held the largest market share in 2024.
- Based on the Application, the Commercial segment dominated the market in 2024.
- AAR, Parker Hannifin, Honeywell International, Collins Aerospace, and General Electric are the key market players driving technological and strategic developments.
Industry Developments
- March 2024: Lufthansa Technik partnered with GE Aerospace to co-develop next-generation MRO solutions for aircraft engines, enhancing efficiency and service speed.
- February 2024: Collins Aerospace launched an AI- and ML-based predictive maintenance platform that helps airlines forecast component failures and reduce downtime.
- January 2024: Honeywell Aerospace introduced a digital aftermarket service integrated with Honeywell Forge to optimize lifecycle maintenance and fuel management.
- December 2023: Airbus inaugurated a state-of-the-art MRO parts distribution center in Singapore to cater to rising demand in the Asia-Pacific region.
- November 2023: Boeing expanded its logistics network with a new parts distribution hub in Dubai to enhance parts accessibility across the Middle East and Africa.
- October 2023: AAR Corporation signed a multi-year contract with Air India for component repair and parts supply to support fleet maintenance.
- September 2023: EASA revised parts certification processes to streamline approvals, promoting greater aftermarket supply chain efficiency.
- August 2023: Delta TechOps announced capacity expansion to meet surging global demand for aircraft maintenance services.
Future Outlook
The Global Aircraft Aftermarket Parts Market is projected to grow steadily at a CAGR of 6.64% through 2035, driven by technological innovation, fleet modernization, and expanding MRO infrastructure.
Future growth opportunities include:
- Investing in efficiency-enhancing predictive maintenance technology.
- Creation of environmentally friendly replacement parts in line with the sustainability targets.
- Supply chain transparency and customer interaction are enhanced by the expansion of digital channels.
- The market will have a strong and flexible aviation ecosystem in 2035, with intelligent maintenance, green, and readily accessible international aftermarket parts.
Report Link- https://www.marketresearchfuture.com/reports/commercial-aircraft-aftermarket-parts-market-1382