Aircraft Spare Parts Market Size and Share

Aircraft Spare Parts Market (2025 - 2030)
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Aircraft Spare Parts Market Analysis by Mordor Intelligence

The aircraft spare parts market size stood at USD 50.52 billion in 2025 and is forecasted to reach USD 70.16 billion by 2030, translating to a 6.79% CAGR. Growth is propelled by simultaneous fleet expansion and aging, production backlogs that lengthen in-service lives, and airline strategies favoring cost-efficient Parts Manufacturer Approval (PMA) and Used Serviceable Material (USM) components over costlier original equipment. Airlines’ pivot toward independent maintenance, repair, and overhaul (MRO) partners has accelerated as PMA components generate 20-40% savings while retaining regulatory compliance. Titanium-intensive engine upgrades, heightened narrowbody utilization, and blockchain-enabled e-commerce channels further widen demand for traceable, competitively priced parts. Meanwhile, consolidation among tier-1 suppliers and OEM efforts to protect intellectual property shape a competitive landscape in which digital capabilities and inventory agility offer decisive advantages.

Key Report Takeaways

  • By component type, engine components commanded 35.25% of the aircraft spare parts market share in 2024.
  • By aircraft platform, widebody aircraft captured 42.75% revenue in 2024; narrowbody aircraft are projected to post an 8.83% CAGR through 2030.
  • By part type, Original Equipment Manufacturer (OEM) parts commanded 45.21% market share, while Parts Manufacturer Approval (PMA) components are projected to grow at a 7.80% CAGR between 2025 and 2030. 
  • By end user, OEM channels held 55.32% of the aircraft spare parts market size in 2024, while independent MROs are expanding at a 7.91% CAGR to 2030.
  • By geography, North America accounted for 38.22% of global spending in 2024; Asia-Pacific is advancing at a 7.23% CAGR through 2030

Segment Analysis

By Component Type: Engine Components anchor revenue leadership

Engine components contributed 35.25% to the aircraft spare parts market size in 2024. Titanium-rich fan blades and compressor parts dominate spending because durability upgrades lengthen the time on the wing, but raise replacement costs when limits are reached. Over 2025-2030, avionics and electrical instruments are set for the quickest 7.22% CAGR as semiconductor content in fly-by-wire and satellite-communication suites expands amid cabin-connectivity upgrades. 

Engine components represent the largest revenue-generating segment in the aircraft spare parts market, owing to their critical role in ensuring safety, performance, and regulatory compliance. Engines are highly complex systems with the highest frequency of maintenance and replacement cycles, driving consistent demand for spare parts. Due to their cost intensity and operational importance, airlines and MRO providers prioritize investment in engine-related components such as turbines, compressors, and fuel systems. With increasing fleet utilisation and ageing aircraft, the engine components segment continues to anchor market growth, reinforcing its position as the dominant revenue contributor.

Aircraft Spare Parts Market: Market Share by By Component
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By Aircraft Platform: Widebodies lead value; narrowbodies accelerate growth

Widebody aircraft held 42.75% of 2024 revenue as complex long-haul systems require pricier engines, avionics, and structural assemblies. Yet narrowbody platforms will grow fastest at 8.83% CAGR because airlines stretch existing A320 and B737 fleets to absorb travel recovery, magnifying engine demand, landing gear, and cabin retrofits. Widebody aircraft account for the most considerable market value in spare parts demand, driven by their long-haul operations, larger component size, and higher maintenance complexity. These platforms require significant engine investments, landing gear, and structural parts, anchoring revenue leadership. 

However, narrowbody aircraft are experiencing faster growth, supported by rising short-to-medium haul travel, fleet expansion, and low-cost carrier (LCC) penetration. Their higher flight frequencies lead to accelerated wear and tear, boosting demand for parts replacement and MRO services. Wide and narrowbody platforms create complementary growth dynamics in the global aircraft spare parts market. Regional jets and turboprops carve distinct requirements—propeller systems, short-field brakes, and lower-pressure cabin parts, particularly in emerging markets that expand secondary routes. ICAO forecasts support a diversified fleet composition, ensuring each platform maintains specialized parts pipelines through 2030.

By Part Type: OEM anchors market leadership with certified reliability

Original Equipment Manufacturer (OEM) parts commanded the largest 2024 share at 45.21%, underscoring their central role in the aircraft spare parts market. Airlines and MRO providers prioritize OEM components for their unmatched regulatory compliance, integration compatibility, and warranty-backed reliability across engines, avionics, and structural assemblies. OEM dominance is reinforced by exclusive supplier agreements, bundled service contracts, and strong aftermarket support networks, ensuring long-term revenue stability. High-value parts such as landing gear, turbines, and flight-control systems remain OEM-driven due to stringent safety protocols. This entrenched reliance positions OEMs as the backbone of aviation maintenance, even as operators explore cost-efficient alternatives. 

Parts Manufacturer Approval (PMA) components are expected to expand rapidly, projected to grow at a 7.80% CAGR between 2025 and 2030. Airlines and independent MROs increasingly adopt PMA parts to offset high maintenance costs and reduce reliance on OEM supply chains. Their FAA-certified quality and proven performance in non-critical systems such as cabin interiors, lighting, and specific engine accessories are strengthening market acceptance. Cost efficiency, faster availability, and supply resilience position PMA as a compelling aftermarket solution, particularly as global fleets expand. Growing confidence in PMA reliability ensures its role as the spare parts market’s fastest-rising sub-segment.

Aircraft Spare Parts Market: Market Share by By Part Type
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By End User: OEM dominance faces agile independent challenge

Original Equipment Manufacturers (OEMs) dominate the aircraft spare parts market due to their brand credibility, regulatory approvals, and ability to provide high-quality certified components. Their strong integration with aircraft production and long-standing airline contracts further reinforces leadership. OEM distribution channels accounted for 55.32% of 2024 revenue, strengthened by proprietary manuals, warranty leverage, and exclusive engineering data. 

Independent MROs, however, are pacing a 7.91% CAGR through 2030, propelled by PMA and USM cost advantages that appeal to cash-constrained airlines. Airlines juggle OEM reliability against rising costs, increasingly adopting a dual-sourcing policy in which non-critical components shift to independents. At the same time, power-by-the-hour contracts cover engines and avionics. Blockchain marketplaces lower search and authentication friction, tipping bargaining power toward buyers able to compare suppliers in real time.[5]Honeywell GoDirect Trade Surpasses $2 Billion,” Honeywell, honeywell.com However, independent distributors and MRO providers are increasingly challenging this dominance by offering faster turnaround times, cost-effective alternatives such as PMA and USM parts, and greater flexibility in sourcing. This agile approach appeals to airlines seeking efficiency and cost savings, gradually reshaping competitive dynamics in the aftermarket. As demand intensifies, OEM and independent players continue to redefine market balance.

Geography Analysis

North America retained the largest 38.22% slice of the aircraft spare parts market in 2024, buoyed by the world’s biggest commercial fleet, high utilization, and dense MRO infrastructure stretching from Seattle to Miami.[6]US Imports from Germany 2017-2024,” GTAIC, gtaic.ai Proximity to Boeing and a rich tier-1 supplier base compresses lead times and freight costs, reinforcing the region’s import heft, USD 163 billion from Germany in 2024 alone. FAA standards often set the compliance baseline globally, funneling demand for traceable, overhauled parts.

Asia-Pacific is the fastest-growing region at a 7.23% CAGR, fueled by double-digit traffic in China and India, rising LCCs, and fresh MRO capacity in Singapore, Indonesia, and China’s Greater Bay Area. Localized overhaul capability and resumed Boeing deliveries to Chinese airlines amplify the demand for narrowbody engine pieces, avionics modules, and cabin spares. 

Europe, the Middle East, and Africa combine mature fleets with hub-focused utilization, elevating widebody spare-parts intensity. European carriers gain from Airbus proximity, while Middle Eastern hubs sustain 16-plus-hour flight legs that accelerate engine overhaul cycles. Over time, Asia-Pacific’s acceleration narrows the gap, yet North American maturity continues to anchor global demand through stable replacement cycles.

Aircraft Spare Parts Market CAGR (%), Growth Rate by Region
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Competitive Landscape

Moderate consolidation defines the aircraft spare parts industry. Parker-Hannifin’s USD 7.2 billion Meggitt buyout enlarged aftermarket access across actuation and fluid-control product lines, highlighting supplier pursuit of higher-margin service revenues. OEMs guard data rights to preserve market command but face mounting share erosion as PMA-ready independents and teardown specialists monetize alternative channels. Digital disruption intensifies rivalry. Honeywell’s GoDirect Trade eclipsed USD 2 billion in transactions by 2025, signalling broad acceptance of blockchain-verified marketplaces that bypass legacy distributors. Predictive-maintenance platforms that couple sensor telemetry with AI parts forecasting create fresh battlegrounds, rewarding firms capable of blending hardware heritage with software insight. Barriers remain steep, FAA Parts Manufacturer Approval and EASA Part-21 rules shape certification timelines, but nimble entrants exploit inventory agility and price flexibility. Combined with airlines’ cost-down imperatives, these forces nurture a competitive equilibrium where neither OEMs nor independents achieve unassailable dominance.

Aircraft Spare Parts Industry Leaders

  1. Honeywell International Inc.

  2. The Boeing Company

  3. TransDigm Group Incorporated

  4. Safran SA

  5. Liebherr Group

  6. *Disclaimer: Major Players sorted in no particular order
aircraft spare parts market
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Recent Industry Developments

  • September 2025: Parker-Hannifin Corporation completed the acquisition of Meggitt, integrating its aerospace components and sensors business. This move is expected to boost Parker’s combined aerospace systems revenue above USD 4.3 billion and strengthen its global distribution reach.
  • September 2025: Safran announced its intention to divest its aircraft interiors business, including overhead bins and galleys, to focus more on core high-margin areas like engines and avionics.
  • August 2025: Montana Aerospace acquired Asco Industries, consolidating its structural parts manufacturing footprint across Europe and North America.
  • August 2025: Spirit AeroSystems expanded in the aftermarket segment by acquiring Bombardier’s aerostructures business, increasing its spare parts and component capabilities.
  • August 2025: Hanwha Aerospace expanded via acquisitions in avionics and hydraulics, strengthening its parts and systems capabilities for aerospace applications.

Table of Contents for Aircraft Spare Parts Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Fleet expansion and ageing aircraft boosting MRO demand
    • 4.2.2 OEM production backlogs extend aircraft service lives
    • 4.2.3 Growth in global passenger traffic and utilization
    • 4.2.4 Rising adoption of PMA and USM parts for cost savings
    • 4.2.5 Blockchain-enabled e-commerce marketplaces and traceability
    • 4.2.6 Titanium demand surge from engine durability upgrades
  • 4.3 Market Restraints
    • 4.3.1 Supply-chain disruptions and raw-material shortages
    • 4.3.2 Skilled labor shortages in certified technicians
    • 4.3.3 Counterfeit-part proliferation raising certification costs
    • 4.3.4 Regulatory limits on additive-manufactured critical parts
  • 4.4 Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter’s Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Component Type
    • 5.1.1 Engine Components
    • 5.1.2 Avionics and Electrical instruments
    • 5.1.3 Airframe Structures and Control-Surface Parts
    • 5.1.4 Landing Gear
    • 5.1.5 Wheels and Brakes
    • 5.1.6 Auxiliary Power Units (APUs)
    • 5.1.7 Hydraulic and Pneumatics Systems
    • 5.1.8 Cabin and Interior Systems
    • 5.1.9 Others
  • 5.2 By Aircraft Platform
    • 5.2.1 Narrowbody Aircraft
    • 5.2.2 Widebody Aircraft
    • 5.2.3 Regional Aircraft
    • 5.2.4 Turboprops
  • 5.3 By Part Type
    • 5.3.1 Original Equipment Manufacturer (OEM) Parts
    • 5.3.2 Parts Manufacturer Approval (PMA) Parts
    • 5.3.3 Used Serviceable Material (USM) Parts
  • 5.4 By End User
    • 5.4.1 Airlines
    • 5.4.2 MROs
    • 5.4.3 OEMs
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 Europe
    • 5.5.2.1 United Kingdom
    • 5.5.2.2 France
    • 5.5.2.3 Germany
    • 5.5.2.4 Italy
    • 5.5.2.5 Russia
    • 5.5.2.6 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 Australia
    • 5.5.3.5 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
    • 5.5.5.1.1 United Arab Emirates
    • 5.5.5.1.2 Saudi Arabia
    • 5.5.5.1.3 Rest of Middle East
    • 5.5.5.2 Africa
    • 5.5.5.2.1 South Africa
    • 5.5.5.2.2 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.4.1 Honeywell International Inc.
    • 6.4.2 The Boeing Company
    • 6.4.3 General Electric Company
    • 6.4.4 Safran SA
    • 6.4.5 TransDigm Group Incorporated
    • 6.4.6 HEICO Corporation
    • 6.4.7 Collins Aerospace (RTX Corporation)
    • 6.4.8 Parker-Hannifin Corporation
    • 6.4.9 GKN Aerospace Services Limited (Melrose Industries plc)
    • 6.4.10 Moog Inc.
    • 6.4.11 AAR CORP.
    • 6.4.12 Electromech Technologies
    • 6.4.13 Eaton Corporation plc
    • 6.4.14 Airbus SE
    • 6.4.15 Bombardier Inc.
    • 6.4.16 Embraer S.A.
    • 6.4.17 A J Walter Aviation Limited
    • 6.4.18 Liebherr Group

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-Need Assessment
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Global Aircraft Spare Parts Market Report Scope

By Component Type
Engine Components
Avionics and Electrical instruments
Airframe Structures and Control-Surface Parts
Landing Gear
Wheels and Brakes
Auxiliary Power Units (APUs)
Hydraulic and Pneumatics Systems
Cabin and Interior Systems
Others
By Aircraft Platform
Narrowbody Aircraft
Widebody Aircraft
Regional Aircraft
Turboprops
By Part Type
Original Equipment Manufacturer (OEM) Parts
Parts Manufacturer Approval (PMA) Parts
Used Serviceable Material (USM) Parts
By End User
Airlines
MROs
OEMs
By Geography
North America United States
Canada
Mexico
Europe United Kingdom
France
Germany
Italy
Russia
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Rest of South America
Middle East and Africa Middle East United Arab Emirates
Saudi Arabia
Rest of Middle East
Africa South Africa
Rest of Africa
By Component Type Engine Components
Avionics and Electrical instruments
Airframe Structures and Control-Surface Parts
Landing Gear
Wheels and Brakes
Auxiliary Power Units (APUs)
Hydraulic and Pneumatics Systems
Cabin and Interior Systems
Others
By Aircraft Platform Narrowbody Aircraft
Widebody Aircraft
Regional Aircraft
Turboprops
By Part Type Original Equipment Manufacturer (OEM) Parts
Parts Manufacturer Approval (PMA) Parts
Used Serviceable Material (USM) Parts
By End User Airlines
MROs
OEMs
By Geography North America United States
Canada
Mexico
Europe United Kingdom
France
Germany
Italy
Russia
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Rest of South America
Middle East and Africa Middle East United Arab Emirates
Saudi Arabia
Rest of Middle East
Africa South Africa
Rest of Africa
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Key Questions Answered in the Report

How large is the aircraft spare parts market in 2025?

The aircraft spare parts market size reached USD 50.52 billion in 2025.

What CAGR is forecast for aircraft spare parts through 2030?

A 6.79% CAGR is projected for 2025-2030, lifting value to USD 70.16 billion.

Which component category drives the most revenue?

Engine components led with 35.25% of 2024 revenue due to high unit cost and replacement frequency.

Which aircraft platform will grow fastest?

Narrowbody aircraft spare parts spending is set to expand at an 8.83% CAGR through 2030.

Which region offers the strongest growth prospects?

Asia-Pacific is expected to record a 7.23% CAGR, outpacing all other regions.

How are airlines cutting spare-parts costs?

Carriers increasingly deploy PMA and USM alternatives that deliver 20-40% savings while meeting FAA-EASA certification.

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