Report on the Aerospace and Defense C-class Parts Market Sales and Revenue 2021–2030

The demand for c-class parts in the aerospace and defence industry is increasing due to an increase in commercial and regional aircraft deliveries, an increase in the share of wide-body aircraft in commercial aircraft deliveries, an increase in aircraft fleet size, technological advancements, and growing demand for lightweight and high corrosion-resistant fasteners.

The expanding commercial aviation industry is credited with driving the global market growth. During the forecast period, strong economic growth, rising consumer purchasing power, and evolving airline business models will provide passengers with a variety of options, stimulating overall aircraft manufacturing.

The government's favourable business policies and increased investment in the airline industry are expected to boost the market. According to the Department for Promotion of Industry and Internal Trade, FDI inflows into India's air transport sector (including air freight) totalled US$ 2.95 billion between April 2000 and March 2021. (DPIIT).

The global aerospace and defence c-class components market is expected to be hampered by factors such as fluctuating raw material prices and the availability of substitutes for mechanical parts such as adhesives. Furthermore, the target market's growth is likely to be hampered by fierce competition among low-profit-margin companies and operations.

However, rising consumer demand for air travel, as well as a focus on the development of low-cost raw materials for mechanical products, are expected to create new opportunities for participants in the global aerospace & military c-class components market during the forecast period. Furthermore, increased collaboration between regional and international companies is expected to benefit the target market's revenue transaction.

Remodelling and replacing existing aircraft can increase and diversify aftermarket demand by incorporating fleet management and line planning, as well as adapting to new aircraft. Long-term growth in the commercial and defence aircraft aftermarkets is expected to be driven by an increase in the number of MRO facilities.

Regional Stance

The global Aerospace and Defense C-class Parts market is divided into five regions: North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa (MEA). Because of the region's well-established aircraft manufacturing industry, North America dominates the aerospace and defence c-class parts market, while the Asia-Pacific aerospace and defence c-class parts market is expected to grow due to rising military spending, increasing demand for military aircraft, and rising levels of disposable income.

The Asia Pacific is expected to be the fastest-growing geographical market between 2022 and 2030. Rising military spending in India, China, and Japan is expected to increase demand for military aircraft, propelling the Asia Pacific market forward. Furthermore, as per capita income rises and the population grows, the market is expected to benefit from a significant increase in passenger traffic.

Classification of the Global Aerospace and Defense C-class Parts Market

The market for aerospace and defence c-class parts is divided into four segments: component, end-use, application, and geography. The part segment is divided into fasteners, bearings, electrical components, and machined parts. The fasteners segment dominates the global aerospace and defence c-class parts market. 

The electrical segment, on the other hand, is expected to grow at a rapid pace between 2022 and 2030. Bearings are critical components of shock absorbers and landing gear struts because they protect against heat damage and ladder cracking. Commercial, military, business and general aviation, and others are the end-use segments. Furthermore, the market is divided into interiors, airframes, engines, and systems.

Major Players

Amphenol Corp., Arconic, Inc., Eaton Corp., LMI Aerospace, Inc., Trimas Corp., RCB Bearings, Inc., Precision Castparts Corp., LISI Aerospace, Safran SA, and Triumph Group are among the top players mentioned in the report. Amphenol Corporation, a global manufacturer and service provider of high-reliability electronic connectors, acquired Positronic in 2021.

The purchase will assist the company in expanding its product portfolio and customer base. The company also purchased MTS Equipment Corporation, a global supplier of advanced test systems, motion simulators, and precision sensors, in 2020. This acquisition is intended to assist the company in expanding its product offerings and customer base.

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