Aircraft and Subsystem Market size was valued at USD 107.0 Billion in 2024 and is projected to reach USD 151.0 Billion by 2033, exhibiting a CAGR of 4% from 2026 to 2033.
The global aircraft and subsystem market has been experiencing substantial growth, driven by increasing air travel demand, advancements in technology, and rising defense expenditures. In 2022, the market was valued at approximately USD 787 billion and is projected to reach USD 1.3 trillion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 6.0% from 2024 to 2032. Regionally, North America maintained a dominant position, accounting for a significant market share due to the presence of major aircraft manufacturers and substantial defense spending. The regions well established aviation infrastructure and high demand for air travel contribute to its market strength. Europe also held a considerable share, with a strong focus on sustainable aviation and the development of fuel efficient aircraft. The regions emphasis on reducing carbon emissions and enhancing aircraft performance has propelled investments in advanced subsystems and components.
The Asia Pacific region emerged as the fastest growing market, driven by rapid economic development, increasing disposable incomes, and expanding middle class populations in countries like China and India. This surge in air travel demand has led to significant investments in both commercial and military aviation sectors. For instance, the Asia Pacific aviation market is projected to experience a steady 4% annual growth in aircraft fleets over the next decade, increasing the demand for Maintenance, Repair, and Overhaul (MRO) services from USD 18 billion to USD 27 billion. In India, the aircraft components market size reached USD 16.22 billion in 2024 and is expected to reach USD 29.50 billion by 2033, exhibiting a CAGR of 6.37% during 2025 2033. Government initiatives like Make in India and partnerships with global aerospace firms are driving localization, technological advancements, and supply chain development, enhancing the regions competitiveness in the aircraft and subsystem market.
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The Boeing Company
Pratt & Whitney
Embraer
Airbus
Rolls-Royce
GE Aerospace
Gulfstream Aerospace Corporation
Textron Aviation
Safran
MTU Aero Engines
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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 and Subsystem Market
Passenger Aircraft
Cargo Aircraft
Regional Jets
Business Jets
Freighter Aircraft
Fighter Jets
Transport Aircraft
Surveillance Drones
Helicopters
Tankers and Refueling Aircraft
Light Aircraft
Business Aviation Aircraft
Trainer Aircraft
Ultralight Aircraft
Amateur-built Aircraft
Turbofan Engines
Turboprop Engines
Turbojet Engines
Reciprocating Engines
Hybrid-Electric Engines
Avionics Systems
Landing Gear Systems
Fuel Systems
Electrical Power Systems
Environmental Control Systems
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 and Subsystem 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 and Subsystem Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aircraft and Subsystem Market, By Type
6. Global Aircraft and Subsystem Market, By Application
7. Global Aircraft and Subsystem Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Aircraft and Subsystem Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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