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Aerospace & Defense C-class Parts Market - By Component (Fasteners, Bearings, Electrical, Machined Parts), By Application/Work Package (Airframe, System, Engine, Interiors), By Distribution Channel, By End User & Forecast, 2021-2027

  • Report ID: GMI3079
  • Published Date: Jun 2021
  • Report Format: PDF

Industry Trends

Aerospace & defense C-class Parts Market size was valued at over USD 11.67 billion in 2020 and is estimated to exhibit a CAGR of more than 4.7% from 2021 to 2027. Rapidly growing demand for airframe due to the replacement of old aircraft in the commercial & defense aviation sector is anticipated to drive aerospace & defense C-class parts demand during the forecast timeframe. Also, the growing demand for fuel-efficient aircraft for major airlines across the globe is likely to propel product demand in the aerospace & defense sector.

Aerospace & Defense C-class Parts Market Overview

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C-class parts are low value parts that are replaced instead of repair when damaged. They are small in size and are the most critical components used in aircraft fabrication. They are situated across the aircraft including fuselage, landing gear fittings, wings, flight control actuating systems, control surfaces, and air-intake areas near the engine.

The global market growth is credited to the emerging commercial aircraft industry. Robust demand is expected during the forecast period as strong economic growth, increase in spending power of consumers on services, and evolving airline business models offer many opportunities to passengers thereby stimulating the overall aircraft manufacturing. Stringent regulations of safety and efficient aircraft operations allow aircraft leaders to offer standard maintenance, supporting the market expansion. In addition, the rising demand for fuel-efficient commercial aircraft and rising air traffic will support the market progression.

Existing geopolitical issues among major economies including China, North Korea, South Korea, the U.S., Israel, and India have necessitated the requirement for strong aircraft fleets. This in turn will spur the investments for the development of innovative technologies along with upgrading of the existing systems. For instance, the defense budget of the U.S. for the fiscal year 2019 included the modernization program for the existing Air Force strike fighter aircraft and bombers. Additionally, replacement of older parts and newer aircraft orders will positively influence the industry growth over the coming years.

The COVID-19 pandemic has affected the supply chain

The COVID-19 pandemic has severely impacted the aerospace & defense C-class parts market landscape. COVID-19 pandemic has reduced production by disrupting the supply & demand of raw materials globally, thereby affecting production activities worldwide. The disruption caused by the global pandemic has already resulted in a reduced output either from international or local players in the market. For instance, the transportation cost has increased, and shipping has been delayed attributed to countrywide lockdown. Due to the lower number of flights and closure of international borders, the market has witnessed several challenges. The current market disruption will impact the industry adversely as developing countries are facing many challenges owing to the shortage of supply.

Fasteners was the largest component segment in 2020

The fasteners segment will dominate more than 50% of the market share by 2027 on account of it plays a critical role in defining longevity, structural integrity, and design in the aerospace industry. Different types of fasteners including bolts, nuts, rivets, screws, springs, valves, and washers are slated to form the basic requirement for aircraft production, broadly contributing to the largest revenue share over the forecast period. To introduce powerful & energy-efficient products in the aerospace defense segment, the demand for aerospace fasteners will be evolved to meet the stringent industrial standards and performance quality. Thus, standard fasteners in aerospace & defense C-class parts will observe a strong demand in the range of applications in commercial, shipping, military, business, etc., during the forecast period.

Increasing demand for airframe will boost the product demand

Aerospace & Defense C-class Parts Market Size

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The aerospace airframe segment in the aerospace & defense C-class parts market will reach USD 8.49 billion by 2027 owing to rising production rates of major projects, such as B787, A320 family, and A350XWB, driving the demand for lightweight c-class parts and global commercial aircraft fleet across developed regions. Moreover, the launch of new airlines and service extension of the existing airlines will definitely contribute to the market share. This growth in the airframe sector is projected to surge product demand in the next few years.

Aftermarket is poised to be the key distribution channel for the market

The aftermarket segment will account for USD 11.41 billion by 2027. Remodeling and replacement of old aircraft can expand and diversify the demand for aftermarket by introducing fleet management and line planning and adapting to new aircraft. In the long term, it is observed that an increase in the number of MRO facilities will propel the growth of commercial and defense aircraft aftermarkets.


The commercial segment dominated more than 50% of the market share in 2020 and is set to showcase 4.8% growth rate through 2027 impelled by the increasing air passenger traffic, lower air fares, and proliferating tourism & travel industry. Replacements of older parts and newer aircraft orders will positively influence the industry expansion during the forecast period. Creating new geographical routes requires new aircraft facilities, further augmenting the industry progression during the forecast timeframe.

North America region will surpass the USD 7 billion mark by 2027

  Global Aerospace & Defense C-class Parts Market

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North America aerospace & defense C-class parts market captured over 45% of revenue share in 2020 and is predicted to expand at a CAGR of more than 4.8% between 2021 to 2027 led by the U.S. is the global leader in large civil aircraft production and offers many opportunities. Market leaders are introducing innovative& efficient solutions to maintain aircraft traffic demand. Additionally, increasing defense activities and several upcoming consignments will proliferate the industry share. Furthermore, huge investments for new aircraft designing and manufacturing in the U.S. will boost the market demand. The region is expected to grow in the upcoming years as it offers robust aerospace supply chain with capabilities in MRO, avionics, testing equipment, etc. bearing

High rate of innovations in the industry

Companies working in the market are continuously investing and focusing on innovations to meet industry challenges. Major players operating in the industry are Amphenol, Stanley Black & Decker Inc., Eaton Corporation, RCB Bearings Incorporated, Trimas Corporation, Precision Castparts corporation, Arconic, National Aerospace Fasteners Corporation, SKF Bearings, TE Connectivity, etc.

The Aerospace & Defense C-class Parts market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2027 for the following segments:

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Market, By Part Family/Component

  • Fasteners
  • Bearings
  • Electrical
  • Machined Parts

Market, By Application

  • Airframe
  • Interiors
  • Engine
  • System

Market, By Distribution Channel

  • OEM
  • Aftermarket

Market, By End-User

  • Commercial
  • Military & Defense
  • Spacecrafts
  • Other

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Aerospace & defense C-class parts market size was valued at over USD 11.67 billion in 2020 and will witness CAGR of over 4.7% through 2027 with accelerating product demand due to replacement of old aircraft in commercial & defense aviation sector.

Fasteners segment will capture more than 50% of share by 2027 on account of increasing product demand due to its defining longevity, structural integrity, and design.

Aerospace airframe segment will record a valuation of USD 8.49 billion by 2027 driven by development of major projects and commercial aircraft fleet in developed regions.

North America aerospace & defense C-class parts market had held over 45% of revenue share in 2020 and will record a CAGR of over 4.8% through 2027 owing to increasing production of large civil aircraft in the region.

Commercial segment captured over 50% share in 2020 and will register CAGR of 4.8% through 2027 with increasing air passenger traffic, thriving tourism & travel industry and lower air fares.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 278
  • Countries covered: 15
  • Pages: 250
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