Aircraft Machined Components Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Process Type (Milled Parts, Turned Parts, Others), By Aircraft Type (Commercial Aircraft, Helicopter, Military Aircraft, General Aviation), By Application Type (Airframe, Engine, Interiors, Others), By Region, Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 31.01 Billion
CAGR (2026-2031)	6.65%
Fastest Growing Segment	Commercial Aircraft
Largest Market	North America
Market Size (2031)	USD 45.63 Billion

Market Overview

The Global Aircraft Machined Components Market will grow from USD 31.01 Billion in 2025 to USD 45.63 Billion by 2031 at a 6.65% CAGR. The Global Aircraft Machined Components Market consists of precision-engineered parts, such as wing ribs, engine casings, and landing gear assemblies, manufactured from high-strength materials like titanium and aluminum alloys. The primary driver for this market is the escalating demand for new commercial and military aircraft to support rising global passenger traffic and defense fleet modernization. Additionally, the industry's imperative for fuel efficiency compels manufacturers to produce lightweight, complex geometries that require high-precision machining. According to the General Aviation Manufacturers Association, in 2024, the value of airplane deliveries reached $26.7 billion, representing a 14.3% increase compared to the previous year, highlighting the robust demand for manufacturing inputs.

However, the sector faces a significant challenge in the form of persistent supply chain disruptions and workforce shortages. Manufacturers frequently encounter delays in securing raw materials and struggle to recruit skilled technicians capable of operating complex machinery. These constraints can extend production lead times and increase operational costs, creating a bottleneck that may impede the timely delivery of components required for market expansion.

Key Market Drivers

The surge in global commercial aircraft production and deliveries acts as a critical engine for market growth, compelling manufacturers to scale operations to satisfy the need for structural and engine components. As airlines renew fleets to enhance capacity, the pressure on the supply chain to deliver precision-machined titanium and aluminum parts has intensified. This demand is quantified by the massive accumulation of unfilled orders; according to the International Air Transport Association (IATA), in 2025, the global aircraft order backlog exceeded 17,000 units, signaling a long-term production horizon for component fabricators. Consequently, OEMs are maximizing output to convert this backlog into revenue. According to Airbus, October 2025, in the 'Nine-Month 2025 Results', the manufacturer delivered 507 commercial aircraft during the first three quarters, highlighting the robust operational tempo driving the machining sector.

Escalating defense budgets for military fleet modernization further propel the market, as nations prioritize air superiority through the acquisition of next-generation fighter jets. This geopolitical shift translates into substantial funding for complex machined parts like engine blisks and bulkhead frames, which often command higher margins due to strict tolerance requirements. According to the Stockholm International Peace Research Institute (SIPRI), April 2025, in the 'Trends in World Military Expenditure, 2024' Fact Sheet, global military spending grew by 9.4% to reach a record $2,718 billion, reflecting a strategic pivot that ensures sustained procurement contracts for specialized aerospace manufacturers.

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Key Market Challenges

Persistent supply chain disruptions and workforce shortages represent a substantial impediment to the expansion of the Global Aircraft Machined Components Market. Manufacturers currently face critical difficulties in sourcing high-grade raw materials and recruiting skilled machinists necessary for producing complex, precision-engineered parts. These deficits force production delays and inflate operational expenditures, creating a severe choke point in the manufacturing workflow. As a result, component suppliers struggle to scale their operations at a rate that matches the aggressive delivery schedules required by aircraft original equipment manufacturers, effectively capping the market’s potential for immediate revenue growth.

The tangible impact of these operational constraints is illustrated by the industry’s inability to clear existing orders despite high demand. According to the International Air Transport Association, in 2024, the worldwide commercial aircraft backlog reached a historic high of more than 17,000 aircraft. This significant accumulation of unfulfilled orders underscores the direct correlation between supply chain limitations and stalled market progress. Because machined components are fundamental to every airframe and engine assembly, the inability to deliver these parts on time restricts the entire aerospace ecosystem from capitalizing on the current surge in global demand.

Key Market Trends

The proliferation of robotic automation and lights-out manufacturing is reshaping the sector as companies seek to mitigate the impact of skilled labor deficits while enhancing process repeatability. Manufacturers are increasingly integrating collaborative robots and automated machine tending systems into their production lines, allowing for continuous operation without human intervention. This technological shift reduces cycle times for complex components like turbine blades and structural brackets, ensuring consistent adherence to tight tolerances. According to AMT – The Association For Manufacturing Technology, August 2025, in the 'United States Manufacturing Technology Orders Report', the aerospace sector increased the value of manufacturing technology orders by 6% in the first half of 2025, signaling a robust commitment to upgrading facilities with automated machinery to stabilize production throughput.

Simultaneously, there is a decisive shift towards machining advanced lightweight composites, necessitating the adoption of specialized cutting tools and abrasive waterjet technologies. As OEMs prioritize fuel efficiency, component fabricators are transitioning from standard metallic alloys to carbon fiber-reinforced polymers (CFRP) for airframe structures. This material evolution challenges traditional machining workflows, driving the demand for diamond-coated end mills and ultrasonic machining centers capable of processing abrasive composite matrices without delamination. According to the American Composites Manufacturers Association, March 2025, in the '2025 State of the Industry Report', global demand for carbon fiber reached 300 million pounds in 2024, a volume heavily influenced by the aerospace industry's requirement for materials that optimize aircraft performance through substantial weight reduction.

Segmental Insights

The Commercial Aircraft segment currently demonstrates the fastest growth within the global aircraft machined components market. This trajectory is driven by increased production rates of narrow-body and wide-body airframes to support rising passenger travel and essential fleet modernization. Airlines are actively replacing older models to enhance fuel efficiency, thereby generating substantial demand for structural and engine components. Additionally, rigorous airworthiness standards maintained by the Federal Aviation Administration necessitate the continuous supply of high-quality machined parts, ensuring that manufacturing outputs remain aligned with safety and regulatory compliance requirements.

Regional Insights

North America maintains a leading position in the global aircraft machined components market due to the concentration of major aerospace Original Equipment Manufacturers and a robust supply chain network. The region benefits from significant defense expenditure in the United States, which supports the continuous production of military aircraft requiring precision parts. Additionally, rigorous safety mandates enforced by the Federal Aviation Administration necessitate the procurement of compliant components, further sustaining market activity. This comprehensive industrial framework establishes North America as the central hub for aerospace manufacturing and component development.

Recent Developments

• In January 2025, funds managed by affiliates of Apollo Global Management completed the acquisition of Barnes Group Inc. in an all-cash transaction valued at approximately $3.6 billion. Barnes Group, a global provider of highly engineered products, manufactures precision machined components and assemblies for the aerospace industry. Following the completion of the transaction, the company ceased trading on the New York Stock Exchange and became a privately held entity, with stated plans to accelerate its transformation strategy and broaden its product offerings in the aerospace and industrial sectors.
• In December 2024, Dynamatic Technologies Limited awarded a contract to Aequs Private Limited for the supply of complex structural parts for the Airbus A220 Door Program. This collaboration involves the manufacture and delivery of over 200 detailed parts requiring complex tool design, forgings, and precision machining. The agreement strengthens the strategic partnership between the two companies and leverages diversified manufacturing capabilities to meet global standards in the aerospace supply chain, supporting the production of critical aerostructure assemblies for the aircraft.
• In June 2024, Senior plc secured multi-year production contracts valued at approximately $80 million with Collins Aerospace. Under this agreement, the company's Aerospace division was selected to supply precision formed and machined thrust reverser structural components for the Boeing 787, Airbus A320neo, and Airbus A220 aircraft programs. The manufacturing of these complex components was assigned to the Senior Aerospace Jet Products facility near San Diego, California, with deliveries for the Airbus programs scheduled to commence in January 2025.
• In February 2024, Magellan Aerospace Corporation announced an agreement with Airbus to continue supplying major structural wing components for the A320 aircraft family. The contract involves the production of precision-machined wing spars, which are critical large components providing support and strength to the wing structure. These high-strength, lightweight parts are to be manufactured at Magellan’s facility in Wrexham, United Kingdom, where the company committed to expanding its long-bed machining capabilities to meet the customer's production requirements.

Key Market Players

• Precision Castparts Corp
• GKN Aerospace Services Limited
• Spirit AeroSystems, Inc.
• Magellan Aerospace Corporation
• Triumph Group
• Senior plc
• RTX Corporation
• MinebeaMitsumi Inc.
• Gardner Aerospace

By Process Type	By Aircraft Type	By Application Type	By Region
Milled Parts Turned Parts Others	Commercial Aircraft Helicopter Military Aircraft General Aviation	Airframe Engine Interiors Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

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

• Aircraft Machined Components Market, By Process Type:

• Milled Parts
• Turned Parts
• Others

• Aircraft Machined Components Market, By Aircraft Type:

• Commercial Aircraft
• Helicopter
• Military Aircraft
• General Aviation

• Aircraft Machined Components Market, By Application Type:

• Airframe
• Engine
• Interiors
• Others

• Aircraft Machined Components 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