Aerospace And Defense Components Market Report 2026

Aerospace And Defense Components Market Overview

• Aerospace And Defense Components market size has reached to $71.97 billion in 2025 • Expected to grow to $111.52 billion in 2030 at a compound annual growth rate (CAGR) of 8.9% • Growth Driver: Increasing Commercial Aircraft Deliveries Drive The Aerospace And Defense Components Market • Market Trend: Advancements In Launch Vehicle Technology For Enhanced Military Satellite Deployment • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Aerospace And Defense Components Market?

Aerospace and defense components refer to parts that are produced to be involved in the manufacture and service of commercial aircraft, military defense, and space. These components are produced with the exact tolerances for their missions. They are used for the production of commercial and military aircraft, and even satellites. The main product of aerospace and defense components are aluminum, titanium, composites, superalloys, steel, plastics, and other products. Aluminum refers to a silvery-white metallic chemical whose atomic number is 13, and it has good thermal and electrical conductivity. These components are used for engines, aerostructure, interiors, equipment, system and support, and avionics by commercial, business, and general aviation, military, and other users.

What Is The Aerospace And Defense Components Market Growth Forecast?

The aerospace and defense components market size is expected to see strong growth in the next few years. It will grow to $111.52 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing investment in next-generation aircraft platforms increasing demand for high-precision mechanical components, rising procurement of defense aircraft and space systems strengthening need for mission-specific component designs, expanding commercial fleet upgrades requiring lightweight and high-efficiency component solutions, increased adoption of automation and additive manufacturing enhancing component production capacity and customization, higher focus on extended component life cycles and reduced maintenance costs driving innovation in material and design engineering. Major trends in the forecast period include adoption of lightweight and high-strength materials to improve fuel efficiency, increasing precision manufacturing of torque coils, clutch, and snap rings, expansion of aerospace component aftermarket services and maintenance, integration of advanced testing and quality assurance technologies, growing demand for custom-engineered components for defense and space applications.

What Is Driver Of The Aerospace And Defense Components Market?

Increasing commercial aircraft deliveries are expected to drive the growth of the aerospace and defense components market going forward. Commercial aircraft are a crucial component of modern transportation systems, enabling people and goods to travel quickly and efficiently across the globe. Commercial aircraft are extensively reliant on aerospace and defense components to ensure optimal performance, safety, fuel efficiency and passenger comfort. For instance, in January 2024, according to Airbus SE, a Netherlands-based manufacturer and developer of aerospace services, solutions, and products, in 2023, the business delivered 735 commercial aircraft to 87 customers worldwide, representing an 11% rise compared to 2022. Therefore, the increasing number of commercial aircraft deliveries will support the aerospace and defense components industry's growth.

Key Players In The Global Aerospace And Defense Components Market

Major companies operating in the aerospace and defense components market are Arconic Inc., AMI Metal Inc., Constellium SE, Cytec Solvay SA, DowDuPont Inc., Hexcel Corporation, Huntsman International LLC, Kobe Steel Ltd., Koninklijke Ten Cate B.V., Materion Corporation, Saudi Basic Industries Corporation, Sofitec Aero S.L., TATA Advanced Materials Limited, Teijin Ltd., Toray Composites America Inc., The Boeing Company, Airbus SE, Raytheon Technologies Corporation, Northrop Grumman Corporation, General Dynamics Corporation, Lockheed Martin Corporation, BAE Systems plc, Safran S.A., Rolls-Royce Holdings plc, Honeywell International Inc., United Technologies Corporation, L3Harris Technologies Inc., Textron Inc., Bombardier Inc., Spirit AeroSystems Inc., Mitsubishi Heavy Industries Ltd., General Electric Aviation, Eaton Corporation plc, Woodward Inc., JAMCO Corporation

Global Aerospace And Defense Components Market Trends and Insights

Major companies operating in the aerospace and defense components market are focusing on developing advanced launch vehicle technologies to enhance payload deployment precision and mission reliability. Launch vehicle technology refers to the engineering and design innovations that enable rockets to carry satellites into specific orbits safely and efficiently, optimizing fuel use, trajectory control, and orbital insertion. For instance, in March 2025, the European Space Agency (ESA), a France-based space organization, launched the Ariane-6 rocket on its first commercial mission featuring a CSO-3 military observation satellite. The Ariane-6 successfully placed the satellite into a sun-synchronous orbit approximately 800 kilometers from Earth, completing the CSO mini-constellation of three satellites. The launch integrated the Musis reconnaissance and identification program led by France's Direction Générale de l'Armement (DGA) and the Center National d'Etudes Spatiales (CNES), enhancing surveillance capabilities for the Air Force and Space Command. This mission marked a strategic milestone by replacing the previously planned Russian Soyuz launch and demonstrated Ariane-6’s capability to handle high-value military payloads, offering improved orbital accuracy, robust launch reliability, and independence from non-European launch providers.

What Are Latest Mergers And Acquisitions In The Aerospace And Defense Components Market? Barnes Group Inc Acquired Mb Aerospace

In June 2023, Barnes Group Inc., a US-based industrial and aerospace manufacturer and service provider, entered into a definitive agreement to acquire MB Aerospace for an undisclosed amount. With this acquisition, Barnes Group Inc aims to deliver value-add solutions across the aero-engine value chain, deepen and broaden its customer relationships, add to its defense industry exposure, and provide a healthy balance across aerospace end markets. MB Aerospace is a US-based provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs (original equipment manufacturer).

What Defines the Aerospace And Defense Components Market?

The aerospace and defense components market consist of sales of flat spiral, torque coil, and clutch, and snap rings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Aerospace And Defense Components Market Report 2026?

The aerospace and defense components market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense components industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.