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Forecast Period
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2027-2031
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Market Size (2025)
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USD 17.14 billion
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CAGR (2026-2031)
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6.89%
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Fastest Growing Segment
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Commercial Aircraft
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Largest Market
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North
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Market Size (2031)
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USD 25.56 billion
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Market Overview
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 witnessing steady
expansion due to the rising need for technologically advanced aircraft. The
growth of commercial aviation, along with the modernization of defense fleets,
is generating strong demand for engines, avionics, landing gear, cabin
interiors, and propulsion systems. Investments in aircraft maintenance and
repair operations are driving adoption of high-performance components. Focus on
fuel efficiency, lightweight materials, and reliability is influencing design
and production strategies across the market. According to the Ministry of
Civil Aviation (MoCA, India, 2024), India’s civil aviation sector handled over
350 million passengers in 2023, driving significant demand for aircraft
components and maintenance, repair, and overhaul (MRO) activities.
Rising technological innovations
are creating opportunities for integrating smart avionics, composite materials,
and electric propulsion systems in aircraft components. Emerging trends include
the development of modular and multifunctional systems that enhance aircraft
performance and operational efficiency. The market also benefits from the
expansion of domestic manufacturing capabilities, which supports local supply
chains and reduces dependency on imports. According to the Society of
Indian Aerospace Technologies and Industries (SIATI, 2023), India’s aerospace
manufacturing sector, including aircraft components, contributed over USD 5.2
billion in revenue in 2022, with annual growth of 10–12%.
Market Drivers
Rising Demand for Commercial
Aircraft
The rapid expansion of air
travel has increased the need for new commercial aircraft, which directly fuels
demand for components like engines, avionics, and landing gear. According
to the Directorate General of Civil Aviation (DGCA, India, 2023), India had
around 750 operational aircraft in 2023, creating a growing requirement for
indigenous and imported aircraft components. Airlines seek reliable,
fuel-efficient systems to reduce operational costs. This rising demand
stimulates investment in component manufacturing and innovation, encouraging
suppliers to adopt advanced materials and technologies. The focus on safety,
durability, and performance enhances the adoption of sophisticated cabin
interiors, propulsion systems, and electrical components. Growth in passenger
traffic and fleet expansions across domestic airlines is creating sustained
opportunities for component suppliers, boosting market development and
technological advancement.
Technological Advancements
Emerging technologies in
materials, automation, and digital systems are reshaping the aircraft
components market. Lightweight composite materials, 3D-printed parts, and
advanced avionics systems improve fuel efficiency and performance. Automation
in manufacturing processes ensures precision and reduces production time.
Integration of IoT and smart sensors enables predictive maintenance, enhancing
component lifespan and reducing operational disruptions. Continuous
technological improvements encourage component suppliers to innovate and offer
customized solutions for various aircraft types, driving overall market
expansion.
Expansion of MRO Services
Maintenance, repair, and
overhaul (MRO) services are growing, creating demand for reliable replacement
components and high-quality spare parts. Regular inspections, overhauls, and
retrofitting require engines, avionics, and cabin systems that meet stringent
quality standards. According to Boeing Commercial Market Outlook (2024),
India is projected to require more than 2,300 new aircraft over the next 20
years, boosting the demand for components including avionics, landing gear, and
engine parts. This expansion boosts the aftermarket segment, supports
local suppliers, and encourages investments in component availability, storage,
and logistics infrastructure.
Key Market Challenges
High Production Costs
Advanced aircraft components
require sophisticated materials, precision engineering, and specialized labor,
which elevate production expenses. Manufacturing high-performance engines,
avionics, and propulsion systems demands significant capital investment in
machinery, tooling, and technology. Rising raw material prices further impact
cost structures. Smaller suppliers may struggle with economies of scale,
affecting profitability. Efficient cost management, process optimization, and
supplier collaboration become critical for competitiveness. High production
costs can also influence aircraft procurement budgets and aftermarket pricing,
posing challenges for both manufacturers and operators seeking cost-effective,
high-quality components.
Supply Chain Complexity
Aircraft components rely on a
multi-tiered supply chain involving raw materials, sub-components, and
logistics. Delays or disruptions at any level can impact production schedules.
Coordinating between suppliers, manufacturers, and MRO service providers requires
robust planning and risk management. International sourcing introduces
geopolitical and transportation risks, while local procurement demands
compliance with quality standards. Efficient inventory management and strategic
supplier partnerships are essential to mitigate supply chain challenges.
Dependence on specialized suppliers for critical components adds further
complexity, necessitating flexible procurement strategies and contingency
planning to ensure seamless production and delivery cycles.
Key Market Trends
Integration of Advanced Avionics
Systems
Modern aircraft are increasingly
equipped with digital avionics, including navigation, communication, and flight
management systems. Integration of smart sensors, automated monitoring, and
predictive diagnostics enhances operational efficiency, safety, and
reliability. These systems allow real-time performance tracking and facilitate
preventive maintenance, reducing downtime. Adoption of modular avionics designs
enables easier upgrades and interoperability across aircraft types. The trend
reflects a shift toward data-driven operations and digital cockpit
environments, encouraging suppliers to innovate in component design, software
integration, and system validation to meet evolving operational requirements.
Use of Lightweight and Composite
Materials
Aircraft manufacturers are
focusing on reducing weight to improve fuel efficiency and performance.
Components such as fuselage structures, cabin interiors, and landing gear
increasingly utilize composites and advanced alloys. These materials offer high
strength-to-weight ratios, corrosion resistance, and durability. Adoption of
lightweight components enhances payload capacity, reduces emissions, and lowers
operating costs. The trend drives demand for specialized manufacturing
processes, including precision molding, additive manufacturing, and surface
treatments. Suppliers must develop expertise in handling advanced materials
while maintaining compliance with stringent safety and performance standards
for aircraft components.
Adoption of Predictive
Maintenance Technologies
Predictive maintenance is
gaining prominence as airlines and operators seek to minimize downtime and
optimize component lifecycles. Sensors, IoT, and analytics platforms monitor
the condition of engines, avionics, and landing gear in real time. Data-driven
insights allow timely interventions, reducing operational disruptions and
extending component longevity. Integration of predictive maintenance into
aircraft systems improves safety, reliability, and operational efficiency.
Component suppliers are increasingly providing solutions compatible with
predictive maintenance frameworks, enhancing aftermarket support and
maintenance services. This trend strengthens performance-based approaches in
fleet management.
Focus on Eco-Friendly and
Energy-Efficient Components
Sustainability is shaping the
design and manufacturing of aircraft components. Manufacturers are developing
energy-efficient propulsion systems, lightweight structures, and low-emission
materials. Components are engineered to reduce fuel consumption and minimize
environmental impact, aligning with global emission reduction initiatives.
Adoption of green technologies encourages research in alternative materials,
electric propulsion integration, and energy-saving systems for cabins and
auxiliary systems. The trend reflects the aviation sector’s commitment to
environmental stewardship, creating opportunities for suppliers to innovate in
sustainable design while meeting operational, regulatory, and performance
requirements.
Segmental Insights
Component Type Insights
Engines was essential for aircraft operation,
providing the necessary thrust and power while meeting efficiency and reliability
standards. Continuous innovations in engine design focus on fuel efficiency,
noise reduction, and integration with modern aircraft systems. Avionics include
navigation, communication, and flight management systems that enhance
operational safety and performance. Advanced avionics technologies, such as
digital cockpits, sensors, and automated monitoring, are increasingly adopted
across aircraft types. Landing gear components ensure
stability during takeoff, landing, and ground operations. High-strength
materials and precision engineering are critical for durability and safety.
Cabin interiors include seating, lighting, and in-flight entertainment systems,
where comfort, lightweight materials, and aesthetic design are key
considerations. Propulsion systems, including both conventional and electric
alternatives, are evolving to improve fuel efficiency and reduce emissions.
Region Insights
In 2025, The northern region of
India plays a crucial role in the aircraft components market, serving as a hub
for manufacturing, maintenance, and assembly of diverse aviation systems. A
concentration of aviation infrastructure, including airports, MRO facilities,
and training centers, supports the production and deployment of high-quality
aircraft components. The presence of skilled engineers and technicians enables
precision manufacturing of engines, avionics, landing gear, propulsion systems,
and cabin interiors, meeting both commercial and defense requirements. According
to the Department of Defence Production, India (2023), the government has
allowed 100% FDI in aerospace manufacturing, encouraging domestic production of
aircraft components for commercial and defense applications.
The region benefits from
investments in advanced manufacturing technologies, including automation,
additive manufacturing, and composite material fabrication. These capabilities
enhance component efficiency, durability, and compliance with aviation standards.
Northern India also hosts a network of suppliers for raw materials,
sub-components, and specialized tools, ensuring smooth supply chain operations
and timely delivery of components. Maintenance, repair, and overhaul activities
further strengthen demand for replacement and upgraded parts, supporting market
growth.
Recent Developments
- On April 2025, Kuehne+Nagel and SATS
Ltd. launched an expedited aircraft parts delivery service at Singapore
Changi Airport to address Aircraft-on-Ground (AOG) emergencies. The
service offers faster delivery, real-time shipment visibility, and aims to
reduce operational and financial impacts from grounded aircraft. Beyond
Singapore, the partnership includes strategic collaborations to enhance
warehouse and trucking efficiency, Sea-Air logistics connectivity in Los
Angeles and Singapore, and accelerated import cargo clearance at Frankfurt
Airport. Executives highlighted the initiative’s role in building
resilient, customer-centric global supply chains for the aerospace and
healthcare sectors.
- In August 2024, Skyservice Business
Aviation launched an aircraft recycling division accredited by the
Aircraft Fleet Recycling Association (AFRA) for best maintenance practices
in disassembly. The Toronto-based company offers sustainable aircraft
teardowns using advanced technologies to maximize recyclable component
recovery, addressing current parts shortages. Owners can choose direct
sale or consignment, receiving a share of proceeds from component sales.
CEO Benjamin Murray highlighted the initiative’s dual focus on
sustainability and strong returns for aircraft owners. The venture
reinforces Skyservice’s commitment to innovation and environmental
responsibility in aviation.
- In April 2024, ZeroAvia announced the
launch of its electric and hydrogen aviation components offering,
targeting other clean aviation innovators to expand its addressable
market. The company opened a new Propulsion Center of Excellence at Paine
Field, Everett, WA, to manufacture power electronics and electric motors,
with plans for a separate Hydrogen Center of Excellence for fuel cell
production. Key technologies include advanced electric motors, silicon
carbide inverters, and low- and high-temperature PEM fuel cells,
supporting aircraft up to 90 seats. The initiative aligns with ZeroAvia’s
goal to decarbonize aviation and secure market share in clean propulsion
systems. Local and federal officials praised the facility as a milestone
in clean aerospace innovation and job creation in Washington State.
- In February 2025, Duncan Aviation
launched online aircraft parts exchange capabilities on its e-commerce
platform, DuncanAviationParts.com, enabling owners, operators, and brokers
to complete exchange transactions entirely online. The platform provides access
to over 723,000 inventory items, high-resolution part images, stock
availability, and in-house repair services, with instant quotes and
essential documents like traceability papers and 8130 dual-release tags.
Registered users can make purchases using credit cards or Net Terms, while
international sales and additional inventory program integrations are
planned. The initiative streamlines procurement, enhances customer
convenience, and supports 24/7 assistance from Duncan Aviation’s Parts
& Rotables Sales representatives.
- In February 2025, MinebeaMitsumi Inc.
launched operations at a new plant of its group company, Mach Aero
Components Private Ltd. (MACPL) in Karnataka, India, marking the
establishment of its “Third Plant.” The facility aims to double production
capacity for high-demand aircraft engine and machined components,
strengthening MinebeaMitsumi’s aerospace business and competitive edge.
MACPL, part of MinebeaMitsumi Aerospace, has been manufacturing precision
components since 2007, and the new plant will expand aircraft engine and
airframe-related component production. The inauguration featured company
leaders, including Yoshida Katsuhiko and MACPL founder Jean Malonda,
highlighting growth in India’s manufacturing sector and job creation. The
Third Plant spans approximately 8,027㎡ and
plans to employ around 250 personnel.
- In October 2024, Tata Advanced Systems
Limited (TASL) and Airbus inaugurated the Final Assembly Line (FAL) for
the C295 aircraft in Vadodara, Gujarat, marking a major milestone for
India’s aerospace and defence sector. The project, part of the ‘Make in India’
initiative, will deliver 56 C295 aircraft to the Indian Air Force, with 40
manufactured locally. The facility integrates component manufacturing,
sub-assemblies, and final assembly, engaging 37 India-based suppliers and
21 certified special processes. The first India-made C295 is scheduled to
roll out in September 2026, with production ramping up to meet IAF
requirements by 2031. Airbus continues to expand its strategic footprint
in India, investing over $1 billion annually and generating 15,000 jobs across
assembly, engineering, and services.
Key Market Players
- 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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By Component
Type
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By Aircraft Type
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By End User
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By Region
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· Engines
· Avionics
· Landing Gear
· Cabin Interiors
· Propulsion Systems
· Others
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· Commercial Aircraft
· Military Aircraft
· Business Jets
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· OEMs
· MROs
· Airlines
· Defense
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· North
· South
· West
· East
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Report Scope:
In this report, India Aircraft
Components Market has been segmented into the following categories, in addition
to the industry trends which have also been detailed below:
- India
Aircraft Components Market, By Component Type:
o Engines
o Avionics
o Landing Gear
o Cabin Interiors
o Propulsion Systems
o Others
- India
Aircraft Components Market, By Aircraft Type:
o Commercial Aircraft
o Military Aircraft
o Business Jets
- India
Aircraft Components Market, By End User:
o OEMs
o MROs
o Airlines
o Defense
- India
Aircraft Components Market, By Region:
o North
o South
o West
o East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
presents in the India Aircraft Components Market.
Available Customizations:
India Aircraft Components Market report
with the given market data, TechSci Research, offers customizations according
to the company’s specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
India Aircraft Components Market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]