US Commercial Aircraft Aftermarket Parts Market Size was estimated at 6.36 (USD Billion) in 2023. The US Commercial Aircraft Aftermarket Parts Market Industry is expected to grow from 7(USD Billion) in 2024 to 14.5 (USD Billion) by 2035. The US Commercial Aircraft Aftermarket Parts Market CAGR (growth rate) is expected to be around 6.844% during the forecast period (2025 - 2035).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Commercial Aircraft Aftermarket Parts Market is experiencing significant trends characterized by the increasing need for aircraft maintenance and the growing demand for efficiency in operations. The rise in air travel within the US drives airlines to maintain their fleets to ensure safety and reliability. Consequently, operators are investing more in aftermarket parts as they strive to reduce downtime and optimize aircraft performance. Moreover, the push for sustainability is leading to a gradual shift toward environmentally-friendly materials and processes in the production of aftermarket parts, aligning with the US government's focus on reducing carbon emissions in aviation.Opportunities are also emerging in the realm of digital technologies and data analytics. Many companies are adopting predictive maintenance strategies powered by artificial intelligence and big data to forecast the need for parts before failures occur. This proactive approach not only enhances safety but also effectively reduces costs associated with unexpected groundings. As a result, there is a marked shift towards integrated supply chain solutions that leverage technological advancements, improving overall inventory management within the aftermarket space. Recent trends highlight a significant rise in the popularity of refurbished and “like-new” components.As airlines look to balance cost and quality, the demand for high-quality refurbishment services is increasing. This trend helps companies capture value from older aircraft while minimizing waste, thus supporting the industry's sustainability efforts. Additionally, the emergence of collaboration between OEMs and MROs is facilitating innovation and improving the overall quality of aftermarket products, ensuring that the US remains competitive in the global aerospace landscape. These developments reflect a market evolving to meet both current demands and future challenges within the aviation sector.
Increasing Demand for Air Travel
The resurgence in air travel demand in the United States following the impacts of the COVID-19 pandemic is a significant driver for the US Commercial Aircraft Aftermarket Parts Market Industry. The Federal Aviation Administration (FAA) has projected that the number of commercial flight operations will increase by 3.8% annually over the next decade, leading to an anticipated increase in the need for aircraft maintenance and parts replacement. This trend indicates a higher requirement for aftermarket parts as airlines seek to maintain fleet readiness and compliance with safety regulations.Major airlines such as American Airlines and Delta Air Lines are investing heavily in their fleets, contributing to the increasing demand for aftermarket components. These investments help sustain operational efficiency and ensure compliance with stringent safety standards, thereby boosting the growth of the US Commercial Aircraft Aftermarket Parts Market.
Technological Advancements in Aircraft Maintenance
Advancements in technology are driving the growth of the US Commercial Aircraft Aftermarket Parts Market Industry. The introduction of predictive maintenance technologies and the Internet of Things (IoT) has enhanced airlines' ability to manage their fleets efficiently. According to the FAA, the adoption of advanced diagnostic tools can increase aircraft operational availability by up to 20%. This shift encourages airlines to invest in high-quality aftermarket parts to minimize downtime and improve safety.Notable industry players like Boeing and Airbus are actively integrating such technologies, significantly influencing the aftermarket landscape by promoting innovations that require updated parts and components.
Regulatory Compliance and Safety Standards
Stringent regulatory requirements in the United States regarding aircraft safety and maintenance are pressing airlines to invest in high-quality aftermarket parts. The FAA enforces rigorous standards for aircraft operations, emphasizing regular maintenance checks and compliance with safety regulations. The Aerospace Industries Association (AIA) has highlighted that spending on aircraft maintenance in the US has consistently risen, with airlines allocating approximately 10% of their operating budgets towards compliance-related maintenance and parts replacements.This consistent expenditure necessitates a robust aftermarket parts market, thereby propelling the US Commercial Aircraft Aftermarket Parts Market towards sustained growth.
Increased Focus on Fleet Modernization
As airlines in the United States place greater emphasis on fleet modernization, there is a corresponding demand for high-performance aftermarket parts. The National Business Aviation Association (NBAA) has noted that many operators are investing in newer, more fuel-efficient aircraft to meet environmental standards and reduce operating costs. This shift creates a burgeoning market for aftermarket parts as older aircraft components require upgrades and replacements.Research indicates that newer aircraft technologies, such as improved avionics and engines, often necessitate compatible aftermarket solutions, thereby reshaping the landscape of the US Commercial Aircraft Aftermarket Parts Market.
US Commercial Aircraft Aftermarket Parts Market Segment Insights:
Commercial Aircraft Aftermarket Parts Market parts Insights
The US Commercial Aircraft Aftermarket Parts Market has been experiencing significant growth, primarily due to increasing air travel demand and the need for aircraft maintenance to ensure safety and efficiency. The market is characterized by various segments, with the parts category playing a crucial role in this growth. MRO Parts, which include maintenance, repair, and overhaul components, are essential for keeping aircraft operational and compliant with safety regulations. These parts account for a substantial share of the aftermarket, as they are vital for the prolongation of aircraft life and performance. Rotatable Scrap Replacement Parts are another important segment, often responsible for reducing costs and optimizing inventory management. These parts allow airlines to exchange or repair pieces, supporting overall operational efficiency.Furthermore, Consumable and Expendable parts ensure that minor repairs and regular maintenance can be performed without extensive downtime. This segment is crucial as it allows aircraft to remain in peak condition and helps to adhere to strict regulatory requirements set by U.S. aviation authorities. The segment is experiencing growth as airlines increasingly focus on operational efficiency, safety, and sustainability, often prioritizing parts that reduce waste and environmental impact. Overall, understanding these aspects of the US Commercial Aircraft Aftermarket Parts Market underscores the importance of the parts segment in enhancing aircraft reliability and operational effectiveness for the future of air travel in the United States.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Commercial Aircraft Aftermarket Parts Market is driven by diverse applications, notably the Commercial and Military segments, each contributing distinctively to market dynamics. The Commercial sector remains a vital component, reflecting the increasing demand for air travel and the resultant need for aircraft maintenance and repair services. With a growing number of aircraft in the US fleet, operators seek reliable aftermarket parts to ensure safety and optimize operational efficiency. The Military segment, on the other hand, plays a critical role in national defense, necessitating high-quality aftermarket solutions to support various aircraft systems.Its significance in maintaining operational readiness underscores the importance of timely access to parts and services. The demand across both segments fosters healthy competition among manufacturers and suppliers, ultimately driving innovation and technological advancements. As post-pandemic recovery continues, the emphasis on fleet modernization and sustainability further enhances opportunities, resulting in a robust landscape for the US Commercial Aircraft Aftermarket Parts Market. The ongoing investment in Research and Development within the sector is likely to yield advanced aftermarket solutions tailored to the specific needs of both commercial and military aircraft users.
US Commercial Aircraft Aftermarket Parts Market Key Players and Competitive Insights:
The US Commercial Aircraft Aftermarket Parts Market presents a dynamic landscape characterized by competition among several key players striving for a significant share of the revenue pie. This market segment is underpinned by the growing demand for maintenance, repair, and overhaul (MRO) services as commercial airlines increasingly focus on improving operational efficiencies and extending the lifecycle of their aircraft.
The aftermarket part supply involves a broad spectrum of components, including engines, avionics, landing gear, and other essential systems. Amidst various industry trends such as advancements in technology, sustainability, and regulatory compliance, competitors are continuously evolving their strategies. Players in this space are focused on forging partnerships, streamlining logistics, and enhancing customer service to differentiate themselves. Analyzing competitive dynamics highlights the importance of innovation and responsiveness to customer needs while navigating challenges like supply chain constraints and fluctuating demand from airline operators.Raytheon Technologies holds a formidable position within the US Commercial Aircraft Aftermarket Parts Market, leveraging its extensive portfolio of aerospace and defense solutions. With a legacy of innovation, the company showcases a broad range of aftermarket services, including advanced repair technologies and predictive maintenance solutions that enhance aircraft operational availability.
Through its various segments, the company benefits from its dedicated focus on R&D, which drives the development of cutting-edge products that meet the evolving demands of the aviation sector. Raytheon Technologies excels in customer relationships, allowing it to maintain long-standing partnerships with major airlines and original equipment manufacturers. Additionally, the company emphasizes its commitment to sustainability and efficiency in its offerings, which aligns with the broader industry trends favoring eco-friendly solutions.MTU Aero Engines has established itself as a key player in the US Commercial Aircraft Aftermarket Parts Market, renowned for its innovative engine designs and tailor-made maintenance solutions.
The company specializes in high-performance engine components, both for new aircraft and existing fleets, ensuring comprehensive aftermarket support for airlines. MTU Aero Engines’ strengths lie in its profound expertise and engineering capabilities, which allow it to deliver state-of-the-art maintenance and repair operations effectively. The company's strategic growth has been bolstered through various mergers and acquisitions, providing it with a robust market presence and diverse product offerings in turbine engine technology. Furthermore, its focus on long-term service agreements with airlines showcases its commitment to providing value through customized service packages that enhance aircraft reliability and efficiency. By continually refining its product and service portfolio, MTU Aero Engines remains well-positioned to capitalize on the evolving demands of the US aviation aftermarket sector.
Key Companies in the US Commercial Aircraft Aftermarket Parts Market Include:
US Commercial Aircraft Aftermarket Parts Market Industry Developments
The US Commercial Aircraft Aftermarket Parts Market has seen significant developments recently, influenced by ongoing recovery efforts following the pandemic. Notably, Boeing has focused on ramping up production as demand for air travel increases, while Raytheon Technologies has been enhancing its supply chain resilience to ensure smooth operations. In September 2023, Northrop Grumman announced its collaboration with General Electric to optimize aircraft engine support services, marking a strategic move towards expanding their aftermarket capabilities. Moreover, MTU Aero Engines revealed in August 2023 its efforts in increasing maintenance service offerings, capitalizing on the growing market for MRO services. Acquisition activity is also present, with L3Harris Technologies acquiring the aerospace and defense assets of Viasat in July 2023 to bolster its position in the aftermarket sector. Additionally, the growth of e-commerce and digitalization is impacting how parts are procured, with companies like Honeywell investing in more digital platforms. The market valuation is expected to grow due to increased aircraft utilization rates and a heightened focus on fleet upgrades.
US Commercial Aircraft Aftermarket Parts Market Segmentation Insights
Commercial Aircraft Aftermarket Parts Market parts Outlook
Commercial Aircraft Aftermarket Parts Market Application Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 6.36(USD Billion) |
| MARKET SIZE 2024 | 7.0(USD Billion) |
| MARKET SIZE 2035 | 14.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.844% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Raytheon Technologies, MTU Aero Engines, Boeing, Woodward, Thales Group, Northrop Grumman, Eaton, Safran, L3Harris Technologies, Rockwell Collins, CurtissWright, Spirit AeroSystems, Airbus, General Electric, Honeywell |
| SEGMENTS COVERED | parts, Application |
| KEY MARKET OPPORTUNITIES | Technological advancements in maintenance, Growing demand for sustainable parts, Increased aircraft fleet size, Rise in MRO outsourcing, Expanding digital supply chain solutions |
| KEY MARKET DYNAMICS | increasing fleet size, regulatory compliance requirements, rising air travel demand, technological advancements, supply chain disruptions |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Commercial Aircraft Aftermarket Parts Market is expected to be valued at 7.0 USD Billion in 2024.
By 2035, the market is expected to reach a value of 14.5 USD Billion.
The expected CAGR for the market from 2025 to 2035 is 6.844%.
In 2024, MRO Parts are expected to be the largest segment, valued at 2.1 USD Billion.
The Rotatable Scrap Replacement Parts segment is projected to reach a value of 3.2 USD Billion by 2035.
Major players include Raytheon Technologies, MTU Aero Engines, Boeing, Woodward, and Thales Group among others.
The market value for Consumable parts in 2024 is estimated to be 1.0 USD Billion.
The Expendable parts segment is anticipated to grow to 4.8 USD Billion by 2035 from a 2024 value of 2.4 USD Billion.
Emerging trends are expected to drive innovation and growth, creating new opportunities in the market.
Geopolitical factors may create challenges and influence demand patterns within the US Commercial Aircraft Aftermarket Parts Market.
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