Aerospace Parts Manufacturing Market to Grow by $185 Billion Through 2027, Driven by Space Exploration and MRO Industry

The aerospace parts manufacturing market is expected to grow by USD 185 billion from 2022 to 2027 at a CAGR of 3.81%.

Space exploration and satellite industry growth are driving demand for aerospace components.

North America is the largest market, accounting for 51% of the total.

Key players include GE, Honeywell, Rolls Royce, Safran, Thales Group, and others.

The MRO industry growth contributes to demand for aerospace parts like wings, engines, and cockpits.