Aerospace Parts Manufacturing Market is expected to expand at the highest CAGR owing to the rapid growth of the aviation industry
Aerospace Parts Manufacturing Industry Overview The global aerospace parts manufacturing market size is expected to reach USD 1,233.2 billion by 2030 registering a CAGR of 4.0%, according to a new report by Grand View Research, Inc. Increasing passenger and freight traffic in emerging economies is driving the demand for next-generation aircraft, which in turn is expected to boost the market growth. Aerospace Parts Manufacturing Market Segmentation Grand View Research has segmented the global aerospace parts manufacturing market on the basis of product, end-use, and region Based on the Product Insights, the market is segmented into Engines, Aerostructure, CabinInteriors, Equipment, System, and Support, Avionics, and Insulation Components. The insulation components segment is expected to witness significant growth during the projected period owing to their rapid replacement rate. Rising aircraft MRO activities, owing to the expanding aircraft...