Aerospace Parts Manufacturing Market Outlook:
Aerospace Parts Manufacturing Market size was over USD 994.56 billion in 2025 and is poised to exceed USD 1.54 trillion by 2035, witnessing over 4.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of aerospace parts manufacturing is estimated at USD 1.03 trillion.
The aerospace parts manufacturing market growth is driven by the global demand for satellite-based services in applications such as defense, navigation, communication, and earth observation. The market’s growth prospects are marked by strategic initiatives that cater to growing satellite demand. For instance, the Asia Pacific Satellite Communications Council (APSCC) in December 2023 announced the partnership of Thai Aerospace Industries (TAI) and Rivada Space Networks for a secure and reliable connectivity service in military, commercial, and general aviation. Additionally, this increased demand drives the revenue share for aerospace companies such as Stanley Black & Decker Inc., and Boeing engaged in satellite manufacturing and associated technologies.
