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Aerospace & Defense C-class Parts Market Share
Key players in the aerospace and defense c-class parts market are Precision Castparts Corporation, NTN Corporation, Safran SA, Arconic Incorporation and RCB Bearings Incorporated. Together these companies have a market share of 40%-45%. Companies in the aerospace and defense C-class parts market plays a crucial role in supplying essential components that are integral to the production and maintenance of aircraft and defense systems. These companies not only focus on producing high quality parts but also emphasis supply chain resilience cost efficiency and innovation to meet the evolving demand of the aerospace and defense industry worldwide.
Aerospace & Defense C-class Parts Market Companies
Major companies operating in the industry include:
- Amphenol Corporation
- Arconic Inc.
- BAE Systems PLC
- Boeing Company
- General Dynamics Corporation
- Honeywell International, Inc.
- Lockheed Martin’s Corporation
- Meggitt PLC
- NTN Corporation
- Precision Castparts Corporation
- Raytheon Technologies Corporation
- RCB Bearings Incorporated
- Safran SA
- SKF Bearings Inc.
- Thales Group
Who are the major aerospace & defense C-class parts industry players?
Amphenol Corporation, Arconic Inc, BAE Systems PLC, Boeing Company, General Dynamics Corporation, Honeywell International, Inc, Lockheed Martins Corporation, Meggitt PLC, and NTN Corporation among others.
Why is the aerospace & defense C-class parts industry growing in North America?
North America market was valued at USD 6 billion in 2023 and is anticipated to register 5.2% CAGR between 2024 and 2032, owing to the vast network of well-established companies across the aerospace and defense sectors.
How much is the aerospace & defense C-class parts market worth?
The market size for aerospace & defense C-class parts was valued at USD 13.1 billion in 2023 and is anticipated to register 5.1% CAGR between 2024 and 2032, driven by the boom in commercial aviation sector.
Why is the demand for aerospace & defense C-class fasteners rising?
The fasteners segment of the aerospace & defense C-class parts market held a revenue of USD 6.7 billion in 2023 and is anticipated to grow at 4.9% CAGR during 2024-2032, owing to its application in various industries.