Global Aircraft Machined Components Market Assessment, By Machining Process [CNC Milling, CNC Turning, Electrical Discharge Machining, Additive/Subtractive Hybrid Machining], By Material [Titanium, Aluminum, Stainless Steel, Composites], By Application [Structural Airframe Components, Engine Components, Landing Gear and Actuation], By Region, Opportunities and Forecast, 2018-2032F

Global aircraft machined components market is projected to witness a CAGR of 5.67% during the forecast period 2025-2032, growing from USD 28.12 billion in 2024 to USD 43.71 billion in 2032. The global market shows that aircraft machined components are maintaining steady growth due to increasing air travel and rising aircraft numbers, along with aerospace manufacturing technological advancements. The performance, along with the safety and structural integrity of aircraft, depends on essential components, including brackets, shafts, and housing. Modern engineering precision and composite and alloy material implementation produce enhanced component performance while reducing overall weight.

Report Attribute	Details
Base Year	2024
Forecast Period	2025-2032F
Historical Period	2018-2023
Projected Growth Rate	CAGR of 5.67% between 2024 and 2032
Revenue Forecast in 2032	USD 43.71 billion

Modern machining processes benefit from automation and digitalization to produce better, cost-effective results and higher productivity. The market experiences growth owing to defense budgets, and modern military fleets require upgrades. Airlines prioritize fuel efficiency together with reduced maintenance expenses, which generates rising market demand for high-performance machine components. The aerospace sector in North America dominates the market due to its technological advancements, coupled with its powerful defense infrastructure and thriving aerospace industry.

For instance, in February 2025, the engineering company Azad Engineering Limited obtained a long-term contract from Rolls-Royce PLC based in London, which requires them to deliver super-critical complex machined components for civil aircraft engines, thus enhancing their standing in the global aerospace machined parts industry and demonstrating the advanced manufacturing abilities of India.

Light Weight Materials Pumps the Aircraft Machined Components Market Growth

The global aircraft machined components market is expanding faster, owing to aviation production increasingly using lightweight materials. The advanced alloys and composites decrease fuel usage and boost aerodynamic performance, which matches airlines' operational efficiency targets. The commercial and defense aviation sectors experience rising demand for precision-machined parts due to the ongoing weight optimization transformation. Modern machining technologies allow manufacturers to produce difficult components with high strength at large volumes, which supports the growth of upcoming aircraft fleets. The aerospace industry prioritizes sustainability through lightweight machined components, which help drive market growth and global competitive differentiation.

For instance, in June 2025, Hexcel Corporation revealed its new innovative aerospace composites at the 55th Paris Air Show, which lowers weight and improves fuel economy, together with faster manufacturing times. The new technology supports expanding aircraft machined components demand because it increases the need for exact structural parts that reduce weight.

Increased Air Travel Fuels the Aircraft Machined Components Market Demand

The aircraft machined components market experiences rapid growth due to increased air travel volumes worldwide. Air carriers need precision-engineered components, including engine parts, landing gear, and structural elements, because they expand their fleets to meet rising passenger demand. Multiple companies are now increasing their manufacturing capacity while adopting advanced technologies to boost production volume and achieve required industry benchmarks. The rising industry activity brings advantages to both commercial aviation and maintenance and aftermarket operations. The market shows robust growth due to material science developments and automation in various geographic areas and aerospace applications.

For instance, in January 2025, Titan Engineering and Automation Limited (TEAL) operates in Tamil Nadu, India, where it broadened its aerospace manufacturing activities by producing high-precision engine and landing, and actuation system components for worldwide customers.

Engine Components Dominates the Aircraft Machined Components Market

Aircraft engine components lead market growth in the aircraft machined components industry due to their intricate design and fundamental role in flight operations. These components require exact manufacturing procedures that utilize advanced materials alongside innovative technology for operation in demanding conditions. The fundamental role of these components in aircraft propulsion systems drives most of the market demand. The market value of these components grows due to constant engine design upgrades, together with the development of fuel-saving technology. The aerospace industry's future path depends on the persistent requirement for better-engineered machined components because aircraft manufacturers strive to enhance their operational efficiency and decrease maintenance requirements.

For instance, in February 2025, the aerospace manufacturing industry in India received a boost due to following agreement between Safran S.A. and Hindustan Aeronautics Limited (HAL) to produce forged components for LEAP engines. The rising demand for advanced propulsion systems drives increased dominance of engine components in the aircraft machined components market.

North America Dominates the Aircraft Machined Components Market Size

The global aircraft machined components market receives its primary leadership from North America operations due to their thriving aerospace manufacturing network and important OEMs and supplier base. The region utilizes advanced machining methods and a robust supply chain to create essential aircraft parts, including airframes and engines, and landing gear. The manufacturing process relies heavily on milled and turned components, which find their main application in commercial aviation. The U.S. stands as a vital force because it hosts essential industry players and generates substantial innovation, together with production capacity. The aircraft machines components market in North America continues to lead the world because of its ongoing fleet modernization, along with growing demand for precision-engineered parts.

For instance, in January 2024, the purchase of Vanderhorst Brothers Inc. by RTC Aerospace LLC served as a key step for portfolio growth and manufacturing capacity development. The purchase enables RTC Aerospace to enhance its delivery of sophisticated components that require difficult machining processes for aerospace, along with defense and space purposes.

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Impact of U.S. Tariffs on the Global Aircraft Machined Components Market

• S. aerospace companies face increased manufacturing expenses due to tariffs on imported machined components. The elevated production costs decrease company profits while forcing aerospace manufacturers to raise their prices for aircraft parts, together with their finished products.
• The tariffs create disturbances in current supply chains, which compel companies to identify alternative suppliers. New supplier integration, along with qualification processes, creates delays that affect production operations.
• The increased expenses and time delays for machined components create pressure on maintenance providers to manage their operations. Maintenance providers increase their focus on repair-and-overhaul activities due to the increased costs and delays, which lead to longer turnaround times and operational difficulties.
• The tariffs create market disadvantages for aircraft manufactured in U.S. territories when selling worldwide. Businesses need to modify their supply arrangements because they face potential migration of operations to less tariff-affected regions.

Report Scope

“Global Aircraft Machined Components Market Assessment, Opportunities and Forecast, 2018-2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global aircraft machined components market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecasts between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Segments Covered	Machining Process, Material, Application
Regions Covered	North America, Europe, South America, Asia-Pacific, Middle East and Africa
Key Companies Profiled	Spirit AeroSystems Holdings, Inc., ARIES ALLIANCE (Aries Manufacturing Inc.), GKN Aerospace (Melrose Industries PLC), Barnes Aerospace (Barnes Group Inc.), Precision Castparts Corp., Tect Aerospace Group, Magellan Aerospace Corporation, Senior Aerospace (Senior plc), RBC Bearings Incorporated, Figeac Aero S.A.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, the global aircraft machined components market has been segmented into the following categories: 

• By Machine Process
  • CNC Milling
  • CNC Turning
  • Electrical Discharge Machining (EDM)
  • Additive/Subtractive Hybrid Machining
• By Material
  • Titanium
  • Aluminum
  • Stainless Steel
  • Composites
• By Application
  • Structural Airframe Components
  • Engine Components
  • Landing Gear and Actuation
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Key Players Landscape and Outlook

The aircraft machined components market is expanding due to growing requirements for modern, efficient aircraft, together with higher air traffic volumes. The main drivers include manufacturers who improve precision engineering by implementing modern machining methods, including CNC and additive manufacturing. High-strength lightweight materials receive special attention since they lead to better fuel efficiency and performance. The need to follow regulations, together with safety requirements, encourages both innovation and quality monitoring. The combination of digitalization with automation processes produces efficient manufacturing operations that generate faster lead times and better operational results. The defense and commercial aviation sectors create market expansion by developing sustainable and cost-effective methods for component design and manufacturing.

For instance, in January 2024, GKN Aerospace expanded to build an additive manufacturing facility in Sweden with a budget of USD 64 million to produce advanced aircraft engine components. The project aims to minimize waste along with carbon dioxide emissions, which will drive sustainable production growth within the aircraft machined components market.

Key Players Operating in Global Aircraft Machined Components Market are:

• Spirit AeroSystems Holdings, Inc.
• ARIES ALLIANCE (Aries Manufacturing Inc.)
• GKN Aerospace (Melrose Industries PLC)
• Barnes Aerospace (Barnes Group Inc.)
• Precision Castparts Corp.
• Tect Aerospace Group
• Magellan Aerospace Corporation
• Senior Aerospace (Senior plc)
• RBC Bearings Incorporated
• Figeac Aero S.A.

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