Aircraft Milled Parts Market size was valued at USD 8.12 Billion in 2024 and is projected to reach USD 12.57 Billion by 2033, exhibiting a CAGR of 5.2% from 2026 to 2033.
The global aircraft milled parts market has experienced significant growth, with its value reaching approximately USD 5.2 billion in 2022 and projected to attain USD 8.1 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.0% during the forecast period. This growth is primarily driven by advancements in manufacturing technologies, increased demand for lightweight and durable materials, and the rising need for fuel efficient aircraft.
Regionally, North America has been a dominant player in the aerospace milled parts market, with a valuation of USD 2.0 billion in 2022 and an anticipated growth to USD 3.0 billion by 2030, at a CAGR of 5.5%. This dominance is attributed to the presence of major aircraft manufacturers and suppliers, alongside significant investments in advanced milling technologies to enhance precision and efficiency. citeturn0search16 Additionally, the Asia Pacific region is emerging as the fastest growing market, driven by increasing defense budgets and the development of indigenous military aircraft in countries like China and India.
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Air Industries Group
Inc
GKN plc
Precision Castparts Corp
Magellan Aerospace Corp
Senior plc
Spirit AeroSystems
Inc
Triumph Group Inc
MinebeaMitsumi Inc
Gardner Aerospace
LMI Aerospace
Inc
Cox Manufacturing
Owens Industries
Machine Specialties，Inc
Ardel
SR Machining
AVIC
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aircraft Milled Parts Market
Structural Components
Engine Components
Wing Components
Fuselage Components
Landing Gear Components
Aluminum Alloys
Titanium Alloys
Steel Alloys
Composite Materials
Magnesium Alloys
Commercial Aircraft
Military Aircraft
General Aviation
Helicopters
Unmanned Aerial Vehicles (UAVs)
5-Axis CNC Milling
3-Axis CNC Milling
Multi-Tasking CNC Milling
Precision Machining
Laser Machining
Aerospace Manufacturers
Defense Contractors
Aircraft Maintenance, Repair, and Overhaul (MRO) Services
Component Suppliers
Original Equipment Manufacturers (OEMs)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aircraft Milled Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aircraft Milled Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aircraft Milled Parts Market, By Type
6. Global Aircraft Milled Parts Market, By Application
7. Global Aircraft Milled Parts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Aircraft Milled Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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