Aerospace Milled Parts Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Aircraft Type (Commercial Aircraft, Military Aircraft, General Aviation, Helicopter), By Application (Airframe, Engine, Interiors, Others), By Material Type (Aluminum, Stainless Steel, Titanium, Others), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 25.93 Billion
CAGR (2026-2031)	7.15%
Fastest Growing Segment	Titanium
Largest Market	North America
Market Size (2031)	USD 39.24 Billion

Market Overview

The Global Aerospace Milled Parts Market will grow from USD 25.93 Billion in 2025 to USD 39.24 Billion by 2031 at a 7.15% CAGR. The Global Aerospace Milled Parts Market comprises the manufacturing of precision components through subtractive machining processes, primarily utilizing computer numerical control technology to shape metals such as aluminum, titanium, and steel into complex geometries for airframes, engines, and landing gear. The primary drivers propelling this market include the escalating production rates of commercial aircraft to meet restoring travel demand and the critical engineering requirement for lightweight materials that enhance fuel efficiency and operational performance.

However, the market faces a significant impediment in the form of persistent supply chain disruptions, particularly regarding the availability of raw materials and skilled labor shortages which can delay production schedules. According to the Aerospace Industries Association, in 2024, the aerospace and defense industry generated $995 billion in combined sales, representing a 4.2 percent increase from the previous year. This data highlights that while the demand for manufacturing output remains robust, the sector must navigate substantial logistical hurdles to sustain growth.

Key Market Drivers

The surge in commercial aircraft production rates acts as a primary catalyst for the Global Aerospace Milled Parts Market, necessitating a substantial volume of structural components such as wing ribs, bulkheads, and fuselage frames. As airlines aggressively renew their fleets to capitalize on restoring passenger traffic, original equipment manufacturers are ramping up assembly lines, thereby increasing orders for precision-machined parts made from aluminum and titanium. This manufacturing acceleration is evident in the performance of major industry players who are striving to meet delivery targets despite logistical challenges. According to Airbus, in January 2025, the company delivered 766 commercial aircraft in 2024 and reported a record backlog of 8,658 jets, underscoring the immense pressure on the supply chain to deliver complex machined assemblies. This robust demand extends beyond commercial liners to the business aviation sector, further strengthening the market; according to General Dynamics, in January 2025, its Aerospace segment revenue rose 30.5 percent to $11.2 billion in 2024, driven by the certification and delivery of high-performance business jets.

Simultaneously, the expansion of global defense budgets is driving significant demand for high-tolerance milled parts required for next-generation fighter jets, military transport aircraft, and unmanned aerial systems. Governments are prioritizing fleet modernization and operational readiness in response to heightened geopolitical tensions, leading to increased procurement of advanced platforms that rely heavily on CNC-milled structures for durability and performance. These budgetary increases translate directly into sustained contracts for component manufacturers supplying the defense industrial base. According to the Stockholm International Peace Research Institute, in April 2025, global military expenditure reached $2,718 billion in 2024, representing a 9.4 percent increase in real terms, a trend that ensures long-term stability and capital investment within the aerospace machining sector.

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Key Market Challenges

Persistent supply chain disruptions and acute shortages of skilled labor stand as the primary obstacles hindering the expansion of the Global Aerospace Milled Parts Market. Manufacturers face severe difficulties in securing consistent volumes of high-grade raw materials, such as titanium and aluminum, which are essential for machining complex airframe and engine components. Furthermore, a critical deficit in qualified CNC operators restricts machine utilization rates, preventing facilities from running at the capacity needed to meet rising production targets. These operational limitations directly force suppliers to extend lead times and delay deliveries, effectively capping the industry's output despite strong demand.

This inability to scale manufacturing operations creates a significant bottleneck that decouples potential market orders from actual realized revenue. The magnitude of this constraint is evident in the sector's accumulating unfilled orders, which reflects the widening gap between demand and production capability. According to the 'International Air Transport Association', in '2024', the worldwide commercial backlog reached a historic high of more than 17,000 aircraft. This data indicates that supply chain and labor inefficiencies are physically limiting the number of finished components entering the market, thereby serving as a direct brake on overall sector growth.

Key Market Trends

The expansion of robotic automation and digital manufacturing technologies is fundamentally reshaping the production landscape for aerospace milled parts. Manufacturers are aggressively integrating automated cells and smart factory solutions to enhance precision while mitigating the impact of persistent skilled labor deficits. This technological shift allows for higher machine utilization rates and consistent quality control in the fabrication of complex engine and structural components, moving beyond traditional manual oversight. According to GE Aerospace, March 2024, in the 'Manufacturing Investment Announcement', the company committed $650 million to its manufacturing facilities and supply chain to increase production capacity and ensure quality. This substantial capital injection illustrates the industry-wide commitment to modernizing infrastructure, ensuring that facilities can maintain the high-throughput milling operations required to meet escalating engine and airframe delivery schedules.

Simultaneously, there is a distinct movement toward the strategic outsourcing of production to emerging Asia-Pacific hubs to diversify supply chains and optimize manufacturing costs. Tier 1 suppliers and OEMs are establishing expanded partnerships in regions like India to capitalize on growing engineering capabilities and lower operational expenses for labor-intensive machining tasks. This geographical decentralization reduces reliance on traditional Western manufacturing centers and enhances global supply chain resilience against regional disruptions. According to the Ministry of Defence, Government of India, April 2024, in the 'Defense Exports Achievement Press Release', the nation recorded defense exports of INR 21,083 crore for the fiscal year 2023-24, registering a growth of 32.5 percent compared to the previous fiscal year. This surge in export volume underscores the rapidly expanding role of Asian markets in the global aerospace value chain, specifically in the provision of precision-manufactured components and sub-assemblies.

Segmental Insights

The Titanium segment represents the fastest growing category in the Global Aerospace Milled Parts Market due to its increasing adoption in modern airframe structures. Manufacturers prioritize titanium for its high strength-to-weight ratio and thermal stability, which contribute to improved fuel efficiency. A significant driver of this growth is the widespread use of carbon fiber composites in newer aircraft. Unlike aluminum, titanium exhibits galvanic compatibility with these composites, thereby preventing corrosion issues that compromise structural safety. This characteristic ensures compliance with the strict airworthiness standards enforced by regulatory bodies such as the Federal Aviation Administration.

Regional Insights

North America holds a dominant position in the global aerospace milled parts market, driven by the substantial presence of major original equipment manufacturers and significant defense budget allocations. The region benefits from a mature supply chain that supports high-volume production for both commercial and military aviation sectors. Additionally, the strict compliance requirements enforced by the Federal Aviation Administration ensure adherence to rigorous manufacturing standards, thereby sustaining demand for compliant components. This combination of industrial capacity and regulatory oversight secures North America as the primary revenue generator in the global marketplace.

Recent Developments

• In August 2025, Barnes Aerospace was awarded a six-year contract by GE Aerospace to manufacture components for the T700 and CT7 engine families. The agreement stipulated that the company would produce these critical engine parts at its facility in Newton Abbot, United Kingdom. This collaboration reinforced the company's position as a trusted supplier of propulsion components and highlighted its ability to support established engine programs through advanced manufacturing capabilities. The contract was part of the company's broader strategy to expand its portfolio and secure long-term revenue streams in the defense and commercial aviation propulsion markets.
• In December 2024, Aequs entered into a strategic partnership with Dynamatic Technologies to manufacture complex structural parts for the Airbus A220 Door Program. Under this five-year contract, the company agreed to produce over 200 detailed parts, involving sophisticated manufacturing processes such as forging, machining, and surface treatment. The collaboration aimed to leverage the company's vertically integrated manufacturing ecosystem to meet the stringent quality and delivery standards of the global aerospace supply chain. This agreement represented a significant milestone in strengthening aerospace manufacturing capabilities and positioning the company as a key supplier for major international aircraft programs.
• In June 2024, Senior plc secured contracts worth approximately $80 million with Collins Aerospace to supply precision formed and machined structural components. The multi-year agreement covered the manufacturing of thrust reverser parts for major commercial aircraft programs, including the Boeing 787, Airbus A320neo, and Airbus A220. Production was assigned to the company's Jet Products facility in California, with deliveries for Boeing having commenced earlier in the year and Airbus deliveries scheduled to begin in early 2025. This deal highlighted the company's expertise in delivering complex structural assemblies and its role in supporting increased build rates across the commercial aviation sector.
• In February 2024, Magellan Aerospace Corporation announced a multi-year agreement with Airbus to continue supplying major structural wing components for the single-aisle aircraft family. The contract involved the production of precision-machined wing spars, which are critical high-strength, lightweight structures that provide support to the wing assembly. These complex components were to be manufactured at the company's facility in Wrexham, United Kingdom, utilizing its advanced long-bed machining capabilities. This collaboration underscored the company's commitment to aligning with customer requirements through continuous infrastructure investment and ensuring a reliable supply chain for the production ramp-up of narrow-body aircraft.

Key Market Players

• Air Industries Group
• Spirit AeroSystems Inc
• GKN Aerospace
• LMI Aerospace Inc
• Magellan Aerospace Corporation
• MinebeaMitsumi Inc
• Precision Castparts Corp
• Senior plc
• The Boeing Company
• General Electric Company.

By Aircraft Type	By Application	By Material Type	By Region
Commercial Aircraft Military Aircraft General Aviation Helicopter	Airframe Engine Interiors Others	Aluminum Stainless Steel Titanium Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Aerospace Milled Parts Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Aerospace Milled Parts Market, By Aircraft Type:

• Commercial Aircraft
• Military Aircraft
• General Aviation
• Helicopter

• Aerospace Milled Parts Market, By Application:

• Airframe
• Engine
• Interiors
• Others

• Aerospace Milled Parts Market, By Material Type:

• Aluminum
• Stainless Steel
• Titanium
• Others

• Aerospace Milled Parts Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE