The US Aerospace and Defense Market is Segmented by Sector (Aviation (Commercial Aviation and General Aviation), Defense (Army, Navy, and Air Force), Space, and Unmanned Systems) and Platform (Land, Air, Sea, and Space). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

The United States aerospace market is estimated to grow at a CAGR of 2.40% in the forecast period of 2025-2034.

United States US: Aerospace Industry: Trade Balance data was reported at 48.890 USD bn in 2021. This records an increase from the previous number of 37.029 USD bn for 2020. United States US: Aerospace Industry: Trade Balance data is updated yearly, averaging 39.437 USD bn from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 86.993 USD bn in 2016 and a record low of 20.681 USD bn in 1995. United States US: Aerospace Industry: Trade Balance data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.MSTI: Trade Statistics: OECD Member: Annual.

For the United States, from 2021 onwards, changes to the US BERD survey questionnaire allowed for more exhaustive identification of acquisition costs for ‘identifiable intangible assets’ used for R&D. This has resulted in a substantial increase in reported R&D capital expenditure within BERD. In the business sector, the funds from the rest of the world previously included in the business-financed BERD, are available separately from 2008. From 2006 onwards, GOVERD includes state government intramural performance (most of which being financed by the federal government and state government own funds). From 2016 onwards, PNPERD data are based on a new R&D performer survey. In the higher education sector all fields of SSH are included from 2003 onwards.

Following a survey of federally-funded research and development centers (FFRDCs) in 2005, it was concluded that FFRDC R&D belongs in the government sector - rather than the sector of the FFRDC administrator, as had been reported in the past. R&D expenditures by FFRDCs were reclassified from the other three R&D performing sectors to the Government sector; previously published data were revised accordingly. Between 2003 and 2004, the method used to classify data by industry has been revised. This particularly affects the ISIC category “wholesale trade” and consequently the BERD for total services.

U.S. R&D data are generally comparable, but there are some areas of underestimation:

1. i) Up to 2008, Government sector R&D performance covers only federal government activities. That by State and local government establishments is excluded;
2. ii) Except for the Government and the Business Enterprise sectors, the R&D data exclude most capital expenditures. For the Business Enterprise sector, depreciation is reported in place of gross capital expenditures up to 2014. Higher education (and national total) data were revised back to 1998 due to an improved methodology that corrects for double-counting of R&D funds passed between institutions.

Breakdown by type of R&D (basic research, applied research, etc.) was also revised back to 1998 in the business enterprise and higher education sectors due to improved estimation procedures.

The methodology for estimating researchers was changed as of 1985. In the Government, Higher Education and PNP sectors the data since then refer to employed doctoral scientists and engineers who report their primary work activity as research, development or the management of R&D, plus, for the Higher Education sector, the number of full-time equivalent graduate students with research assistantships averaging an estimated 50 % of their time engaged in R&D activities. As of 1985 researchers in the Government sector exclude military personnel. As of 1987, Higher education R&D personnel also include those who report their primary work activity as design.

Due to lack of official data for the different employment sectors, the total researchers figure is an OECD estimate up to 2019. Comprehensive reporting of R&D personnel statistics by the United States has resumed with records available since 2020, reflecting the addition of official figures for the number of researchers and total R&D personnel for the higher education sector and the Private non-profit sector; as well as the number of researchers for the government sector. The new data revise downwards previous OECD estimates as the OECD extrapolation methods drawing on historical US data, required to produce a consistent OECD aggregate, appear to have previously overestimated the growth in the number of researchers in the higher education sector.

Pre-production development is excluded from Defence GBARD (in accordance with the Frascati Manual) as of 2000. 2009 GBARD data also includes the one time incremental R&D funding legislated in the American Recovery and Reinvestment Act of 2009. Beginning with the 2000 GBARD data, budgets for capital expenditure – “R&D plant” in national terminology - are included. GBARD data for earlier years relate to budgets for current costs only.

The US Aviation Market is segmented by Aircraft Type (Commercial Aviation, General Aviation, Military Aviation). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

In 2023, the United States contributed some 124.9 billion U.S. dollars in aerospace exports. Thus, making it the leading country in terms of aerospace exports. The country is home to some of the leading manufacturers in the aerospace sector, including Boeing and Lockheed Martin. United States defense and aerospace exports During the recent two decades, global military spending increased exponentially, reaching over 2.2 trillion U.S. dollars in 2022. The U.S. aerospace and defense industry supplies the majority of the domestic and international demand for arms and military technologies. In terms of international comparison, many of the global leading aerospace and defense manufacturers are located in the U.S. As of 2021, six of the 12 leading aerospace and defense companies are based in the U.S. Thus, arms and military defense production makes up a remarkable proportion of the U.S. economy. Boeing Company, Raytheon Technologies, and Lockheed Martin are the top three leading U.S. defense technology supplier companies based on revenue in 2021. Lockheed Martin Lockheed Martin is a leading aerospace, security, military support producing company and largest defense contractor globally. The company is also the leading arms dealer and military equipment producer in the world. To keep its leading position, the defense technology supplier invested consistently on research and development, roughly 1.5 billion U.S. dollars in 2021. During recent years, the company experienced a huge growth path since international conflicts evolved and countries continue increasing their military expenditures. For instance, between 2000 and 2021, the revenue of the Lockheed Martin almost tripled, up from 25 billion U.S. dollars in 2000 to roughly 67 billion U.S. dollars in 2021. On the other hand, the operating profit of the company grew almost nine times during the same period, reaching 9.1 billion U.S. dollars in 2021. These indicate a strong growth pattern for the aerospace and defense supplier, Lockheed Martin.

Industry operators are primarily engaged in engineering duties related to the design, construction and testing of aircraft, missiles and spacecraft. To a lesser degree, operators may evaluate and recommend improvements relative materials, equipment and techniques.

The US Aerospace Cyber Security Market size is expected to reach $11.3 Billion by 2030, rising at a market growth of 6.6% CAGR during the forecast period. The aerospace cyber security market in the United States has witnessed significant growth in recent years. As the aerospace sector becomes more

The US Military Aviation Market is segmented by Sub Aircraft Type (Fixed-Wing Aircraft, Rotorcraft). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

United States Aerospace and Defense Market size was valued at USD 466.8 Billion in 2024 and is projected to reach USD 627.3 Billion by 2032, growing at a CAGR of 3.8% from 2026 to 2032.United States Aerospace And Defense Market DynamicsThe key market dynamics that are shaping the United States aerospace and defense market include:Key Market DriversIncrease in Military Spending: The ongoing increase in military spending is a primary driver of the US aerospace and defense business. According to the US Department of Defense, the defense budget for fiscal year 2024 is $876 billion, representing an increase above previous years. This significant investment is aimed at updating defense equipment, enhancing cybersecurity, and creating next-generation military technology, which will boost demand in the aerospace and defense sectors.

The North American aerospace avionics market, valued at $81.77 billion in 2025, is projected to experience steady growth, driven by increasing demand for advanced avionics systems in both commercial and military aircraft. A Compound Annual Growth Rate (CAGR) of 2.90% from 2025 to 2033 suggests a market size exceeding $100 billion by the end of the forecast period. Key drivers include the ongoing modernization and technological advancements in aircraft fleets, particularly the integration of sophisticated navigation, communication, and surveillance systems. The rising adoption of automation and digitalization within cockpits, coupled with increasing air travel and defense budgets, further fuels market expansion. Segmentation reveals a significant contribution from commercial aircraft, followed by military and general aviation sectors. Within the commercial segment, passenger aircraft are expected to dominate, while within the military segment, combat aircraft will likely hold a larger share. The United States, as the largest aerospace market globally, will continue to be a major contributor to regional growth, followed by Canada. However, regulatory compliance and the high cost of advanced avionics systems could pose challenges to market growth, potentially limiting adoption rates in certain segments. The geographical segmentation, while highlighting the US and Canada as key players, necessitates a more granular analysis to fully appreciate regional variations. Further research into specific state-level data within the US would provide a deeper understanding of market concentration and growth opportunities. The competitive landscape is intensely competitive, with major players like Boeing, Lockheed Martin, and Airbus occupying significant market shares. Smaller, specialized companies focus on niche segments such as general aviation and specific avionics components. To maintain a competitive edge, manufacturers are investing heavily in research and development, focusing on improving system efficiency, reliability, and integrating advanced technologies like artificial intelligence and machine learning for enhanced operational capabilities. The future success of companies within this market hinges on their ability to innovate and adapt to evolving technological advancements, while simultaneously addressing the challenges presented by regulatory frameworks and rising operational costs. Recent developments include: March 2024: The US Navy purchased 17 Super Hornets in a deal worth USD 1.1 billion. The agreement comprised phase one of the EA-18G and F/A-18E/F technical data package, which contains operation, maintenance, installation, and training information to support Navy F/A-18 and EA-18G maintenance efforts. The aircraft will start delivering to the Navy at the end of 2026 and should be finished by 2027., September 2023: Air Canada ordered 18 Boeing 787-10 planes and has the potential to order 12 additional aircraft. The planes are expected to be delivered from the end of 2025 until the first quarter of 2027. The airline stated that the aircraft will replace older, less efficient wide-body planes.. Notable trends are: The Commercial Aircraft Segment is Expected to Witness Significant Growth During the Forecast Period.

The US Military Aviation Market is experiencing robust growth, fueled by increasing defense budgets, modernization initiatives, and the need for advanced capabilities to counter evolving geopolitical threats. The market, valued at approximately $80 billion in 2025 (estimated based on global market size and US market dominance), is projected to exhibit a Compound Annual Growth Rate (CAGR) exceeding 20% through 2033. This expansion is driven by substantial investments in next-generation fighter jets, advanced helicopters, unmanned aerial vehicles (UAVs), and associated support systems. Key trends include the integration of artificial intelligence (AI), autonomous capabilities, and improved sensor technologies into military aircraft, enhancing situational awareness and operational effectiveness. Furthermore, a focus on enhancing pilot training programs and the development of more efficient logistics and maintenance solutions contributes to the market's growth. However, the market faces certain restraints. Programmatic delays, stringent regulatory approvals, and the high cost of developing and deploying advanced aviation technologies can impede growth. Competition from global aerospace companies for contracts and the need to balance modernization efforts with budgetary constraints are also significant factors. The segmentation reveals significant demand across various aircraft types, with fixed-wing aircraft, particularly multi-role and transport aircraft, dominating the market share followed by multi-mission and transport helicopters. Major players like Lockheed Martin, Boeing, and Textron are strategically positioned to capitalize on these opportunities, investing heavily in research and development to maintain a competitive edge. The North American region, particularly the United States, holds the largest market share due to its substantial defense spending and technological advancements. US Military Aviation Market: A Comprehensive Analysis (2019-2033) This in-depth report provides a comprehensive analysis of the US Military Aviation Market, covering the period from 2019 to 2033. It offers valuable insights into market size, growth drivers, challenges, and future trends, equipping stakeholders with the knowledge needed to navigate this dynamic sector. The report leverages extensive data analysis, covering key segments and major players, to forecast market growth accurately. The base year for this study is 2025, with estimations for 2025 and a forecast spanning 2025-2033. Historical data from 2019-2024 provides crucial context. Key Search Terms: US Military Aviation Market, Military Aircraft Market, US Defense Spending, Military Helicopter Market, Fighter Jet Market, Military Transport Aircraft, Aerospace Defense, US Military Procurement, Defense Contracts, Military Aviation Technology. Recent developments include: May 2023: The US State Department approved a potential sale of CH-47 Chinook helicopters, engines, and equipment worth USD 8.5 billion to Germany.March 2023: Boeing has been awarded a contract by the US government to manufacture 184 AH-64E Apache attack helicopters for the US military and international customers. The US government announced USD 1.95 million, indicating that the helicopter will be delivered to the US military and overseas buyers - specifically Australia and Egypt - as a part of the paramilitary process to the Foreign Service (FMS) from the US government. Contract completion is expected by the end of 2027.February 2023: Boeing received a contract from the US Air Force for E-7 Airborne Early Warning & Control Aircraft.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

This statistic shows the revenue of the industry “aerospace product and parts manufacturing“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of aerospace product and parts manufacturing in the U.S. will amount to approximately ***** billion U.S. Dollars by 2024.

Graph and download economic data for Real Sectoral Output for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States (IPUEN3364T011000000) from 1988 to 2024 about aerospace, output, parts, NAICS, IP, production, manufacturing, and USA.

In 2024, RTX Corp was the largest aerospace and defense manufacturer in the United States, with approximately ** billion U.S. dollars in revenue. That year, Boeing generated more than ** billion U.S. dollars, which made the company the second-largest manufacturer on the list.

The North America General Aviation Market is segmented by Sub Aircraft Type (Business Jets, Piston Fixed-Wing Aircraft, Others) and by Country (Canada, Mexico, United States). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

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Aerospace Parts Manufacturing Market Size 2025-2029

The aerospace parts manufacturing market size is forecast to increase by USD 210.2 billion, at a CAGR of 4.4% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for new commercial and defense aircraft. This trend is fueled by the continuous expansion of air travel and the modernization of military fleets worldwide. In parallel, rapid technological advancements in aerospace parts manufacturing are transforming the industry, enabling the production of lighter, stronger, and more efficient components. However, the high cost associated with aerospace parts manufacturing poses a significant challenge for market participants. This cost burden is due to the complex and intricate nature of aerospace parts, as well as the stringent quality and safety requirements. To capitalize on market opportunities and navigate these challenges effectively, companies must focus on optimizing their manufacturing processes, leveraging advanced technologies, and forging strategic partnerships. By doing so, they can reduce costs, improve efficiency, and maintain a competitive edge in the dynamic and evolving aerospace parts manufacturing landscape.

What will be the Size of the Aerospace Parts Manufacturing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by the dynamic interplay of various sectors and emerging applications. Commercial aviation remains a significant market, with ongoing advancements in engine components, airframe structures, and avionics systems. In this context, Tier 1 suppliers play a crucial role, supplying critical parts to original equipment manufacturers (OEMs). Advanced manufacturing techniques, such as additive manufacturing and precision casting, are gaining traction, offering benefits like reduced production time and improved product quality. Regulatory bodies, including EASA and FAA, enforce safety regulations and certification standards, ensuring the highest level of safety and reliability. Sustainability initiatives, such as fuel efficiency and emissions control, are increasingly important, leading to innovation in materials like high-performance plastics and lightweighting technologies. Manufacturing automation and logistics optimization are essential for maintaining just-in-time delivery and reducing costs. MRO services, repair and overhaul, and design optimization are crucial aspects of the aerospace industry, ensuring the longevity and performance of aircraft parts. Unmanned aerial vehicles (UAVs) and space exploration are emerging applications, driving demand for new materials and manufacturing processes. The global supply chain is undergoing consolidation, with industry players focusing on strategic partnerships and acquisitions to enhance their capabilities. CNC machining and surface finishing are essential machining processes, while data analytics and inventory management are key components of effective supply chain management. Aerospace materials, including titanium alloys and aluminum alloys, continue to be the backbone of the industry, with ongoing research and development in their properties and applications. Safety regulations, noise reduction, and aerodynamic efficiency are critical factors in the product lifecycle management of aircraft parts. The future trends in the market include the integration of automation and data analytics, the adoption of advanced manufacturing techniques, and the development of new materials and technologies for various applications. The market's continuous dynamism underscores the importance of staying informed and adaptable to the evolving landscape.

How is this Aerospace Parts Manufacturing Industry segmented?

The aerospace parts manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductAerostructureEngineAvionicsOthersAircraft TypeCommercialBusinessMilitaryMaterialAluminum 6061-T6Stainless steelTitaniumMethodCNC machiningSheet metal fabricationInjection moldingGeographyNorth AmericaUSCanadaEuropeFranceGermanyRussiaSpainUKAPACChinaIndiaJapanRest of World (ROW).

By Product Insights

The aerostructure segment is estimated to witness significant growth during the forecast period.The market encompasses various segments, with aerostructures holding a pivotal role. Comprised of fuselage, wings, and flight control surfaces, these components are essential for aircraft construction and functionality. The fuselage houses passengers, cargo, and vital systems, while wings generate lift and ensure stability. Flight control surfaces facilitate pil

The American aerospace composites market, valued at $8.71 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 9.50% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for lightweight and high-strength materials in aircraft manufacturing, particularly in next-generation aircraft designs, is a primary driver. Furthermore, the rising adoption of composites in commercial and military aerospace applications, coupled with ongoing research and development efforts focused on improving material properties and manufacturing processes, contribute significantly to market growth. Stringent regulatory requirements related to fuel efficiency and emissions are also compelling aerospace manufacturers to adopt composites, further boosting market demand. The market segmentation reveals a significant share held by the production and consumption analysis segments, showcasing the importance of domestic manufacturing and consumption within the United States. Import and export data will shed light on the dependence on global supply chains and the competitive landscape. Price trend analysis is crucial in understanding the impact of raw material costs and technological advancements on the overall market dynamics. Major players such as Precision Castparts Corp, SGL Carbon, and others are actively involved in shaping this market through innovation and strategic partnerships. The regional breakdown of the American aerospace composites market shows a strong presence in North America, specifically the United States, driven by a robust domestic aerospace industry and significant government investment in aerospace research and development. While data for other regions is not fully detailed, it's reasonable to expect substantial contributions from other regions, especially Europe and Asia-Pacific, based on global aerospace manufacturing trends. The competitive landscape is characterized by both established industry giants and emerging players, leading to ongoing innovation and price competition. Future market growth will depend heavily on technological advancements in composite materials, continued government support for the aerospace industry, and the global demand for air travel. The forecast period of 2025-2033 offers significant potential for market expansion, making it an attractive sector for investment and growth. This comprehensive report provides an in-depth analysis of the America Aerospace Composites Market, offering valuable insights into its current state, future trajectory, and key players. Covering the period from 2019 to 2033, with a focus on 2025, this study delves into market size, segmentation, and growth drivers, equipping businesses with crucial data for strategic decision-making. The report utilizes a robust methodology, including extensive primary and secondary research, to deliver accurate and reliable market forecasts. Search keywords like "aerospace composites market," "aircraft composites," "composite materials aerospace," and "US aerospace market" are strategically incorporated throughout the report to maximize search engine optimization (SEO) and ensure wide visibility. Notable trends are: Commercial Aircraft Segment to have the Largest Market Share During the Forecast Period.

Forecast: Aerospace Industry Exports in the US 2023 - 2027 Discover more data with ReportLinker!

Aerospace Industry Test Bench Market Outlook

According to our latest research, the global Aerospace Industry Test Bench market size reached USD 2.46 billion in 2024, reflecting robust demand across both commercial and defense aviation sectors. The market is experiencing a healthy expansion, registering a CAGR of 5.7% from 2025 to 2033. By the end of 2033, the Aerospace Industry Test Bench market is forecasted to reach USD 4.08 billion, propelled by technological advancements, increasing aircraft production rates, and growing emphasis on safety and compliance standards. As per the latest research, the market’s sustained growth is driven by the escalating need for precise testing solutions for engines, avionics, and other critical aircraft systems.

The primary growth driver for the Aerospace Industry Test Bench market is the rapid expansion of the global aviation sector, both in commercial and military domains. Heightened air travel demand, particularly in emerging markets, has led to a surge in aircraft manufacturing and fleet modernization initiatives. Consequently, aircraft manufacturers and maintenance organizations are investing heavily in advanced test bench technologies to ensure the reliability, safety, and regulatory compliance of various aircraft subsystems. This trend is further amplified by the increasing complexity of modern aircraft, which necessitates sophisticated and automated test benches capable of simulating real-world operational scenarios with high accuracy.

Another significant factor propelling market growth is the stringent regulatory environment governing the aerospace industry. Regulatory bodies such as the Federal Aviation Administration (FAA), European Union Aviation Safety Agency (EASA), and International Civil Aviation Organization (ICAO) have mandated rigorous testing and certification procedures for all critical aircraft components. As a result, aerospace OEMs, MROs, and airlines are adopting state-of-the-art test bench solutions to streamline compliance processes, minimize downtime, and enhance operational efficiency. The transition towards digitalization and data-driven testing, including the integration of IoT and AI-based analytics, is also fueling the adoption of next-generation test benches across the industry.

Moreover, the rising focus on sustainability and cost optimization is shaping the evolution of the Aerospace Industry Test Bench market. Airlines and MRO providers are under increasing pressure to reduce carbon emissions and operational costs while maintaining high safety standards. Advanced test benches enable predictive maintenance, real-time monitoring, and precise diagnostics, which contribute to reduced fuel consumption, extended component lifecycles, and minimized unplanned maintenance events. This not only supports environmental objectives but also delivers substantial cost savings for operators. The ongoing shift towards electrification and hybrid propulsion in aviation is expected to further boost demand for specialized test benches tailored for new-generation aircraft systems.

Regionally, North America continues to dominate the Aerospace Industry Test Bench market, followed closely by Europe and the Asia Pacific. The United States, in particular, benefits from a vibrant aerospace manufacturing base and a strong focus on research and development. Meanwhile, Asia Pacific is emerging as a high-growth region due to expanding commercial fleets, rising defense budgets, and the establishment of new MRO facilities. Europe’s market is characterized by technological innovation and a strong emphasis on environmental sustainability. Latin America and the Middle East & Africa are also witnessing steady growth, driven by infrastructure investments and fleet modernization projects, albeit from a smaller base.

Product Type Analysis

The Product Type segment in the Aerospace Industry Test Bench market encompasses engine test benches, avionics test benches, hydraulic test benches, electrical test benches, and other specialized systems. Engine test b

The United States aviation market value reached around USD 78.20 Billion in 2024. The market is projected to grow at a CAGR of 4.60% between 2025 and 2034 to reach nearly USD 122.61 Billion by 2034.