The global aircraft milling market size was valued at US$21.9 billion in 2024, and is projected to reach US$28.2 billion by 2032, witnessing a market growth CAGR of 2.4 % from 2024 to 2032, according to an analysis by Stratview Research..
Stratview Research, a global market research firm has launched a report on the global aircraft milling market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Market Statistics:
Market Size in 2024: US$21.9 billion
Market Size in 2032: US$28.2 billion
Growth (CAGR): 2.4% during 2024-2032
Leading Aircraft Type: Commercial aircraft
Leading Material Type: Aluminum
Leading Application Type: Engine
Leading End-User Type: OE
Leading Region: North America
Forecast Period: 2024-2032
Trend Period: 2019-2023
Base Year: 2024
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights & Market Share Analysis of the Aircraft Milling Market:
The global aircraft milling market is segmented based on aircraft type, material type, application type, end user type and region.
Based on Aircraft type –
- The aircraft milled parts market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. This growth is primarily driven by increasing demand for short-to-medium-haul connectivity, especially in emerging markets where regional air networks are expanding.
- Commercial aircraft are projected to remain a dominant segment in the aircraft milling market, and regional aircraft are also expected to experience the fastest growth in the coming years.
- The rise in regional aircraft deliveries and production will naturally translate into a higher demand for precision-milled components such as structural frames, engine casings, and landing gear parts, making regional aircraft a significant contributor to overall market growth.
Based on the Material type -
- Based on material type, the market is divided into aluminum, stainless steel, titanium, and other metals and alloys. Aluminum is projected to remain the dominant material, supported by its long-standing usage in aerospace due to its lightweight, cost-efficiency, anti-corrosive nature, and ease of machining. Conversely, titanium is expected to record the highest growth rate, owing to its high strength-to-weight ratio, corrosion and heat resistance, and better compatibility with composite structures.
- Aluminum is expected to remain the most widely used material, whereas titanium is projected to register the highest growth rate over the forecast period.
Based on the Application type –
- The market is categorized into airframe, engine, landing gear, and other applications. Among them, the engine segment is expected to maintain its dominance, as engines require a wide range of high-precision, high-performance milled parts. The engine category is anticipated to remain the dominant application area while also experiencing the fastest growth in the coming years.
- Key components include turbine blisks, turbine blades, fuel nozzles, exhaust ducts and cones, impellers, combustion casings, and fan discs. Engine-related demand will be significantly driven by prominent engine platforms such as LEAP, GE9X, GEnx, PW F135, PW1000G, and Rolls-Royce Trent XWB and 7000, making it the fastest-growing application as well.
Based on the End-User type –
- The market is segmented into original equipment (OE) and aftermarket. The OE segment is expected to continue generating most of the demand, primarily due to ongoing production and deliveries of new aircraft, especially in the commercial aircraft (including both narrow-body and wide-body aircraft). As a result, the OE segment is also expected to grow at a faster pace during the forecast period.
- OE is expected to continue being the primary source of demand and is also likely to experience the fastest growth among end-user types in the coming years.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
“North America is expected to remain the largest market over the next few years, whereas Asia-Pacific is likely to grow at the fastest rate.”
- North America is forecasted to remain the largest market for aircraft milled parts, led by the presence of major OEMs like Boeing, Airbus, Lockheed Martin, Bombardier Inc., and Gulfstream Aerospace, along with a well-established network of tier suppliers and milled part manufacturers.
- In contrast, Asia-Pacific is poised to offer tremendous growth opportunities. Countries like China and India are investing heavily in defence modernization, increasing their military aircraft procurement to strengthen national security. Indigenous programs such as Tejas (India) and J-20 (China), along with offset policies promoting local production, are boosting demand for milled components in the region.
Aircraft Milling Market Drivers:
Some of the key drivers listed in the report are given below.
- Aircraft milled parts are precision components manufactured through the milling process, where a rotating cutting tool carefully removes material from a metal workpiece to achieve the desired shape and features.
- The strength of the milling process lies in its ability to deliver high accuracy, tight tolerances, and complex geometries, qualities essential for meeting the rigorous standards of the aerospace industry. Innovations in milling technology have further enhanced its capabilities, enabling superior finishing quality, uniform designs, faster production cycles, reduced manual intervention, and lower error rates.
- The evolution from traditional milling methods to advanced CNC (Computer Numerical Control) systems and high-speed machining centers has significantly transformed the landscape of aerospace manufacturing. These modern technologies have made it possible to optimize metal removal rates, improve process stability, and enhance overall productivity, all while minimizing operational inefficiencies such as tool chatter.
Competitive Landscape: Top Companies in the Aircraft Milling Market:
The market is highly populated, with the presence of several local, regional, and global players. The major market players have an excellent product development capability, and they compete in some of the governing factors, including price, product offerings, regional presence, etc. These players hold distinct capabilities in manufacturing aerospace milled parts. The following are the key players in the aircraft milling market:
- Spirit AeroSystems, Inc.
- GKN Aerospace
- Collins Aerospace
- Mitsubishi Heavy Industries, Ltd.
- Premium AEROTEC GmbH (Airbus Aerostructures GmbH)
- STELIA Aerospace (Airbus Atlantic)
- Howmet Aerospace Inc.
- Precision Castparts Corp.
- MTU Aero Engines AG
- GE Aerospace
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
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