India Aircraft Components Market to Grow with a CAGR of 6.89% through 2031
Rising air traffic volume and fleet expansions,
increasing adoption of advanced maintenance technologies, and growing demand
for efficient turnaround times are the factors driving the market in the
forecast period 2027-2031.
According to TechSci Research report, “India
Aircraft Components Market – By Region, Competition, Forecast &
Opportunities, 2021-2031F”, India Aircraft Components Market
was valued at USD 17.14 billion in 2025 and is expected to reach USD 25.56
billion by 2031 with a CAGR of 6.89% during the forecast period. The India
Aircraft Components Market is expanding steadily, driven by the increasing need
for advanced aviation systems. Growth in commercial air travel and
modernization of defense fleets is fueling demand for engines, avionics,
landing gear, cabin interiors, and propulsion systems. Investments in
maintenance and repair operations are promoting the use of high-performance
components. Emphasis on operational reliability, fuel efficiency, and
lightweight materials is shaping design and manufacturing strategies, enhancing
performance and safety across aircraft segments.
Technological innovation is creating opportunities to
incorporate smart avionics, composite structures, and energy-efficient
propulsion systems. Emerging trends include modular and multifunctional
components that improve aircraft efficiency and operational effectiveness.
Local manufacturing initiatives are supporting domestic supply chains, reducing
dependence on imports, and facilitating timely component delivery. Increasing
focus on environmentally sustainable and energy-efficient systems is driving research
priorities, while customization demands for different aircraft types are
encouraging the development of specialized solutions tailored to specific
operational requirements.
Browse over India Aircraft Components Market data Figures
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India Aircraft Components Market is Segmented By
Component Type, Aircraft Type, End User and Region.
Commercial aircraft create a broad requirement for
components due to fleet modernization, rising passenger traffic, and expansion
of domestic and international routes. This drives the need for engines,
avionics, landing gear, structural parts, interiors, and advanced composite
materials to enhance operational efficiency and passenger comfort. Increasing
focus on fuel efficiency and reduced maintenance cycles is pushing the adoption
of lightweight and technologically advanced components, while the growth of regional
connectivity schemes supports procurement of smaller narrow-body and regional
aircraft. Military aircraft generate consistent demand as modernization and
indigenization programs expand the need for components across fighter jets,
transport aircraft, and helicopters. Requirements span propulsion systems,
radars, mission-critical avionics, weapons integration modules, and advanced
materials designed to withstand combat environments.
The emphasis on self-reliance in defense manufacturing
stimulates component production within the country, while collaborations in
joint development programs enhance technological capabilities. Business jets
represent another key segment where demand for components arises from rising
adoption among corporate travelers, charter operators, and private owners.
Components for this category include specialized interiors, high-performance
avionics, efficient engines, and systems designed to support long-range travel
with comfort and safety. Growth in this segment is influenced by increasing
wealth creation, expansion of business hubs, and demand for flexible mobility
solutions across domestic and international routes. The combination of these
three categories shapes the structure of the aircraft components market in
India, where ongoing technological upgrades, regulatory standards, and
increasing emphasis on indigenous production play an essential role in driving
consistent demand for a wide variety of parts across both civilian and defense
aviation sectors.
The aircraft components market in the West region of India
in 2024 is supported by a strong base of aerospace manufacturing and research
clusters. The presence of established industrial zones and aerospace parks
encourages component production for both civilian and defense applications.
Companies in this region work on developing engines, avionics, structural
assemblies, precision parts, and composite materials to meet rising demand from
commercial, military, and business aviation sectors. The emphasis on innovation
and skill development has fostered a supportive ecosystem where small and
medium enterprises collaborate with larger entities to enhance supply chain
strength and meet global quality standards.
The region benefits from strong connectivity through
international airports and dedicated maintenance, repair, and overhaul
facilities that create consistent demand for spare parts and replacement
components. With an increasing focus on reducing import dependency, investments
in indigenous manufacturing and assembly operations are shaping the regional
market dynamics. Partnerships in advanced material development, precision
machining, and electronic systems integration are enhancing the competitiveness
of local players in global supply networks. The presence of defense research
institutions and production units also contributes significantly to the demand
for specialized components such as high-strength alloys, radar systems, and
propulsion elements.
Major Market Players Operating in India Aircraft
Components Market Are:
- Adani
Defence & Aerospace
- Alpha
Design Technologies
- Astra
Microwave Products
- Bharat
Electronics Limited (BEL)
- Dynamatic
Technologies Limited
- Godrej
Aerospace
- Hindustan
Aeronautics Limited (HAL)
- Mahindra
Aerospace
- Tata
Advanced Systems Limited (TASL)
- Zen
Technologies
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“India Aircraft Components Market is growing steadily due to
rising demand across commercial, military, rotary-wing, and business aviation
sectors. Engines, avionics, landing gear, cabin interiors, propulsion systems,
and other critical components are seeing increased adoption. Technological
innovations, fuel efficiency initiatives, and expansion of MRO services drive
growth. Challenges include regulatory compliance, high production costs, and
supply chain complexities. Key trends involve advanced avionics, lightweight
materials, predictive maintenance, and eco-friendly solutions. Northern India
leads the market with robust infrastructure and skilled workforce, while
southern India is rapidly emerging. The market demonstrates strong potential
for innovation, efficiency, and sustainable growth.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research based global management
consulting firm.
"India Aircraft Components Market, By Component Type
(Engines, Avionics, Landing Gear, Cabin Interiors, Propulsion Systems, Others),
By Aircraft Type (Commercial Aircraft, Military Aircraft, Business Jets), By
End-User (OEMs, MROs, Airlines, Defense), By Region, Competition, Forecast
& Opportunities, 2021-2031F”, assesses the market's future growth potential
and provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the India Aircraft Components Market.
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