Aerospace & Defense C-class Parts Market Analysis Report 2025: Market to Grow by a CAGR of 5.1 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Key Insights

The size of the Aerospace & Defense C-class Parts Market was valued at USD 13.1 billion in 2023 and is projected to reach USD 18.56 billion by 2032, with an expected CAGR of 5.1% during the forecast period. The market for C-Class Parts in Aerospace & Defense sector is centered on providing and distributing low-cost, high-volume components for use in these industries. These components usually consist of fasteners, bolts, nuts, washers, screws, seals, gaskets, and other common hardware needed for assembling, maintaining, and repairing aircraft, spacecraft, and defense equipment. Although they are cheaper on their own, C-class parts play a large role in aerospace and defense operations because they are used in high quantities and are crucial for the safety and reliability of complex systems. Growing need for military aircraft, commercial aviation, and space exploration technologies, as well as efficient supply chains to ensure timely availability of these components, is fueling the market. The aerospace and defense industries are expected to see an increase in demand for high-quality, standardized C-class parts as they continue to modernize and expand. Moreover, advancements in automation, 3D printing, and inventory management are reshaping the industry, leading to increased efficiency in producing and obtaining crucial parts. The Aerospace & Defense C-Class Parts Market is expected to see consistent growth due to the industry's focus on cost efficiency, efficient supply chains, and dependable components.

Aerospace & Defense C-class Parts Market Concentration & Characteristics

The Aerospace & Defense C-class Parts Market is highly concentrated, with a few major players dominating the market. These players 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., and Thales Group.

These players have a strong presence in the market due to their extensive product portfolios, global reach, and long-standing relationships with major aerospace and defense manufacturers. The market is also characterized by a high level of innovation, with companies introducing new products and technologies to meet the evolving needs of customers.

Aerospace & Defense C-class Parts Market Trends

The Aerospace & Defense C-class Parts Market is experiencing a number of trends, including:

• The increasing adoption of advanced manufacturing technologies, such as additive manufacturing and automation, is driving down costs and improving efficiency in the production of C-class parts.
• The growing demand for lightweight and durable components is driving the development of new materials and technologies.
• The increasing use of C-class parts in emerging markets is creating new opportunities for growth.

Key Region or Country & Segment to Dominate the Market

North America is the largest market for Aerospace & Defense C-class Parts, followed by Europe and Asia Pacific. The growth in the North American market is being driven by the increasing demand for aerospace and defense products from the United States and Canada. The European market is also expected to grow steadily over the forecast period, due to the increasing demand for C-class parts from the aerospace and defense industries in the region.

The Airframe segment is the largest segment of the Aerospace & Defense C-class Parts Market, followed by the Interiors, Engine, and Systems segments. The growth in the Airframe segment is being driven by the increasing demand for lightweight and durable components in aircraft. The Interiors segment is also expected to grow steadily over the forecast period, due to the increasing demand for comfort and convenience features in aircraft interiors.

Aerospace & Defense C-class Parts Market Product Insights Report Coverage & Deliverables

• Market Size, Market Share, and Growth: Historical and forecast market size, market share, and growth of the global Aerospace & Defense C-class Parts Market by product, application, and end-use industry.
• Market Trends: Emerging market trends, drivers, challenges, and opportunities in the global Aerospace & Defense C-class Parts Market.
• Competitive Landscape: Competitive landscape of the global Aerospace & Defense C-class Parts Market, including market share analysis of the major players.
• Company Profiles: Company profiles of the major players in the global Aerospace & Defense C-class Parts Market, including their business overview, financial performance, and strategic initiatives.

Aerospace & Defense C-class Parts Market Analysis

The Aerospace & Defense C-class Parts Market is expected to grow from $13.1 billion in 2023 to $19.1 billion by 2030, with a CAGR of 5.1%. The growth of the market is being driven by the increasing demand for aerospace and defense products, as well as the need to reduce costs and improve efficiency in manufacturing processes.

The North American market is expected to continue to account for the largest share of the global Aerospace & Defense C-class Parts Market. The growth in the North American market is being driven by the increasing demand for aerospace and defense products from the United States and Canada. The European market is also expected to grow steadily over the forecast period, due to the increasing demand for C-class parts from the aerospace and defense industries in the region.

Aerospace & Defense C-class Parts Market Regional Insights

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Rest of MEA

Driving Forces: What's Propelling the Aerospace & Defense C-class Parts Market

The Aerospace & Defense C-class Parts Market is being driven by a number of factors, including:

• The increasing demand for aerospace and defense products
• The need to reduce costs and improve efficiency in manufacturing processes
• The growing demand for lightweight and durable components
• The adoption of advanced manufacturing technologies
• The increasing use of C-class parts in emerging markets

Challenges and Restraints in Aerospace & Defense C-class Parts Market

The Aerospace & Defense C-class Parts Market is facing a number of challenges and restraints, including:

• The high cost of raw materials
• The lack of skilled labor
• The increasing complexity of C-class parts
• The need for regulatory compliance

Emerging Trends in Aerospace & Defense C-class Parts Market

The Aerospace & Defense C-class Parts Market is experiencing a number of emerging trends, including:

• The increasing adoption of advanced manufacturing technologies, such as additive manufacturing and automation
• The growing demand for lightweight and durable components
• The increasing use of C-class parts in emerging markets
• The development of new materials and technologies

Market Segmentation: Aerospace & Defense C-class Parts

Part Family/Components:

• Fasteners
• Bearings
• Electrical
• Machined parts

Application/Work Package:

• Airframe
• Interiors
• Engine
• Systems

End Users:

• Commercial
• Military and defense
• Spacecrafts
• Others

Distribution Channel:

• OEM
• Aftermarket

Aerospace & Defense C-class Parts Industry News

• In September 2023, Boeing faces supply chain disruption affecting C-class parts due to global logistics issues impacting production schedules for various aircraft models.
• In November 2022, Lockheed Martin’s expanded supplier network for C-class parts to enhance resilience and reduce supply chain risk aiming to meet increased demand from military contracts.
• In March 2023, Raytheon technologies implements cost saving measures in its c-class parts procurement focusing on efficiency movements and vendor negotiation.

Leading Players in the Aerospace & Defense C-class Parts Market

• 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