Aerospace and Defense C Class Parts Market Size, Share, Industry, Forecast and outlook (2023-2030)

Aerospace and Defense C Class Parts Market are segmented BY C CLASS TYPE (Hardware Components, Bearings, Electronic Components, Machined Parts, Other), BY AIRCRAFT TYPE (Commercial Aircraft, Military Aircraft, Others), BY SALES CHANNEL TYPE (OEM, Aftermarket), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Market Overview

The Global Aerospace and Defense C Class Parts Market size reached US$ 16.8 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 29.4 billion by 2030. The market is growing at a CAGR of 7.2% during the forecast period 2023-2030. 

The global Aerospace and Defense C Class Parts Market is a segment of the aerospace and defense industry that includes the production and supply of a wide range of small and relatively inexpensive components and parts used in aircraft, spacecraft, and defense systems.These C Class parts include items such as fasteners, bearings, electrical components, and machined parts.

Market Scope

Market Dynamics and Trends

Increased demand for aircraft

The increased demand for aircraft is one of the major drivers of growth in the global Aerospace and Defense C Class Parts Market. As air travel becomes more affordable and convenient, the number of people flying is increasing. This is driving the demand for new aircraft to meet this growing passenger traffic. Newer aircraft designs require more sophisticated and advanced C Class parts. This is driving the demand for suppliers who can produce these more advanced parts.

Volatility in raw material prices

Volatility in raw material prices is a restraining factor for the growth of the global Aerospace and Defense C Class Parts Market. Raw materials make up a significant portion of the manufacturing cost for C Class parts. Fluctuations in raw material prices can result in significant changes in manufacturing costs, impacting the profitability of manufacturers and suppliers. This can lead to reduced investment in new technologies and production processes that could improve the efficiency and quality of C Class parts. If raw material prices increase, the cost of production for C Class parts will also increase. This can lead to higher prices for customers, which can reduce demand for the parts. Alternatively, if raw material prices decrease, suppliers may not be able to sell their parts at the same prices, leading to reduced revenues.

Segmentation Analysis

The global aerospace and defense C class parts market is segmented based on type of parts, end-user, distribution channel and region.

Owing to higher demand for C class parts in millitary end-user segment, this end-user segment dominates the global market

The Military end-user segment accounted for the largest share of the Aerospace and Defense C Class Parts Market in 2020, with a market share of over 50%. This is primarily due to the high demand for C Class parts in military aircraft and defense systems, which require the highest levels of safety and reliability. Military aircraft and defense systems require the highest levels of safety and reliability, and C Class parts play a crucial role in ensuring their proper functioning. As a result, the demand for C Class parts is high in the military end-user segment, leading to a larger market share.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

Owing to higher spending anf major presence of key players in the region makes North America dominant region

North America dominated the global Aerospace and Defense C Class Parts Market with a market share of around 40% in 2020. This is due to the presence of major Aerospace and Defense companies, high defense spending, and a large number of aircraft manufacturers in the region. Additionally, the growing demand for commercial aircraft and the increasing military expenditure by countries such as the U.S. and Canada are driving the demand for C Class parts in the region.

Source: DataM Intelligence Analysis (2023)

Companies Involved

The major global players include Amphenol Corporation, Eaton Corporation (Eaton Aerospace), Arconic Corporation, Stanley Black & Decker, Lisi Aerospace, LMI Aerospace, Inc., National Aerospace Fasteners Corporation, RBC Bearings Incorporated, Stanley Black & Decker and TriMas Corporation.

Key Developments

• In 2021, Amphenol Aerospace launched its R-VPX connectors that are designed to withstand high vibration and shock environments. The connectors are used in military, aerospace, and industrial applications. 
• In 2020, Eaton Aerospace launched a new line of fuel systems for commercial and military aircraft. The fuel systems are designed to be more efficient and reduce emissions. 
• In 2020, Stanley Black & Decker launched a new line of cordless rivet guns that are used in aerospace and defense manufacturing.

Why Purchase the Report?

• To visualize the global aerospace and defense C class parts market segmentation based on type of parts, end-user, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of aerospace and defense C class parts market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global aerospace and defense C class parts market report would provide approximately 61 tables, 59 figures and 200 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies