The Global Market for Aerospace and Defense C-class Parts accounted for US$ 16,960 Million in 2021 and is anticipated to reach US$ 25,039 Million by 2030 with a CAGR of 4.5% from 2022 to 2030.

C-class parts are small and inexpensive, but they are one of the most important components in an aeroplane. Fuselage, wings, control surfaces, landing gear fittings, flight control actuation systems, and air-intake locations near the engine are all places where they can be found. Fasteners, screws, bolts, nuts, rivets, valves, springs, washers, and other hardware components make up roughly half of the c-class parts used in the aircraft sector. Fasteners are the most common type of hardware component, and they consist of a wide range of highly developed aerospace parts that are used to join two or more components together. Airframe control bearings, ball bearings, rod ends, bushings, needle roller bearings, and precision bearings are the most common types of bearings. Connectors, switches, relays, circuit breakers, and illuminated items are the most common electronic components. Brackets, milling components, shims, stampings, and turning pieces are examples of machined parts.

Market Dynamics

During the estimated timeframe, the rapidly expanding need for airframes due to the replacement of aging aircraft in the commercial and defense aviation sectors is expected to increase aerospace and defense C-class parts demand. Furthermore, the growing demand for fuel-efficient aircraft from major airlines throughout the world is expected to drive product demand in the aerospace and military industry.

COVID-19's recent outbreak may stymie market expansion, as manufacturers were unable to export the product due to trade restrictions imposed by various governments. In addition, the bulk of manufacturers in all major economies have halted operations in order to comply with the shutdown regulations. In the near future, the industry is likely to experience a supply-demand mismatch, resulting in an increase in the order backlog of aircraft deliveries. The prevalence of untrustworthy producers, as well as the availability of product substitutes, will likely serve as market restraints for the aerospace and defense c-class parts market in the forecasted timeframe.

Major factors projected to fuel the growth of the global aerospace & military c-class components market include a thriving airline sector around the world, increased defense spending by countries, and demand for reliable parts from airplane manufacturers. Governments in both developed and developing countries are investing heavily in the construction of improved and efficient airplanes in order to improve consumer satisfaction.

Market Insights

Part, end use, application, and region are the four categories of the global aerospace and defense c-class parts industry. Fasteners, bearings, electrical, and machined parts are the categorization of part segments. Among them, the fasteners segment occupied the maximum market share in 2021. The high consumption of fasteners, including bolts, rivets, nuts, screws, seals, washers, and rings, which are utilized as important components in the assembly of aircraft parts, is predicted to keep the segment in the lead. Based on end uses, the segmentation includes commercial, military, business & general aviation, and others. By end use, the commercial segment achieved a significant amount of share in 2021. However, the military segment is likely to attain a substantial growth rate in the coming years. The market is likely to benefit from an increase in military spending by various countries throughout the world. Furthermore, the application sector is sub-segmented into interiors, airframes, engines, and systems. Based on our analysis, the airframe is likely to display an impressive growth all through the forecast period 2022 – 2030. The segment's rapid growth can be due to the increasing production rates of important projects including the A320 family, B787, and A350XWB.

Global Aerospace and Defense C-class Parts Market Geographical Competition

North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa are the segmentation of the worldwide aerospace and defense c-class parts industry. North America accounted for a significant portion of the market in 2021, which can be attributed to the region's well-established aircraft manufacturing industry, which serves roughly one-third of the world's operational fleet. Furthermore, the presence of major military aircraft manufacturers in the region is projected to promote market expansion. However, the Asia-Pacific region is expected to attain the fastest growth rate in the coming years. The growing number of aircraft deliveries, increasing air travel, and rising disposable income are some of the aspects driving the Asia-Pacific aerospace and defense c-class parts market.

Global Aerospace and Defense C-class Parts Industry Segment Analysis

Aerospace and Defense C-class Parts Market By Part

·         Bearings

·         Fasteners

·         Electrical

·         Machined Parts

Aerospace and Defense C-class Parts Market By Application

·         Interiors

·         Airframe

·         Engine

·         System

Aerospace and Defense C-class Parts Market By End Use

·         Military

·         Commercial

·         Business & General Aviation

·         Others

Aerospace and Defense C-class Parts Market Leading Companies

This section of the study honors the market's top vendors. Amphenol Corp., Arconic, Inc., Eaton Corp., LMI Aerospace, Inc., Trimas Corp., RCB Bearings, Inc., Precision Castparts Corp., LiSi Aerospace, Safran SA, and Triumph Group are the key companies mentioned in the research.

Aerospace and Defense C-class Parts Market Regions