Pro
Aerospace
India Aircraft Aftermarket Parts Market by Application, by Military
| Label | MRO Parts | Rotable Scrap Replacement Parts | Consumable | Expendable |
|---|---|---|---|---|
| 2015 | 1212.6 USD Mn | 393.3 USD Mn | 193.8 USD Mn | 202.6 USD Mn |
| 2016 | 1306.5 USD Mn | 409.9 USD Mn | 204.3 USD Mn | 217 USD Mn |
| 2017 | 1407.8 USD Mn | 427.3 USD Mn | 215.4 USD Mn | 232.3 USD Mn |
| 2018 | 1519.9 USD Mn | 446.2 USD Mn | 227.4 USD Mn | 249 USD Mn |
| 2019 | 1643.6 USD Mn | 466.6 USD Mn | 240.3 USD Mn | 267.3 USD Mn |
| 2020 | 1778.6 USD Mn | 488.2 USD Mn | 254.1 USD Mn | 287 USD Mn |
| 2021 | 1932.6 USD Mn | 512.8 USD Mn | 269.6 USD Mn | 309.4 USD Mn |
| 2022 | 2099.9 USD Mn | 538.5 USD Mn | 286 USD Mn | 333.3 USD Mn |
| 2023 | 2269.5 USD Mn | 588.4 USD Mn | 304.1 USD Mn | 346.9 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The India aircraft aftermarket parts market is witnessing a significant demand for various types of aircraft parts. These parts are essential for the maintenance and upkeep of the aircraft to ensure their smooth and safe functioning. The demand for aftermarket parts is driven by several factors such as aging aircraft fleet, increasing air travel, and technological advancements in the aviation industry. The growth of the Indian economy and the rise of the middle class have also contributed to the demand for aircraft aftermarket parts. Parts are an important component of the aviation industry and are categorized into various segments such as airframe, engine, avionics, and interiors. The airframe segment includes components such as wings, fuselage, and landing gear, while the engine segment includes parts like turbines, compressors, and fuel systems. The avionics segment plays a crucial role in flight control, navigation, communication, and weather monitoring, while the interiors segment includes items like seats, carpets, and cabin lighting. One of the major drivers of demand for aftermarket parts is the aging aircraft fleet.
The average age of commercial aircraft in India is around 12 years, and with the increase in air travel, these aircraft require regular maintenance and replacement of parts to ensure their airworthiness. The demand for aftermarket parts is expected to continue to grow as the fleet of older aircraft continues to expand. The rise in air travel and the number of passengers has also contributed to the demand for aftermarket parts. With the growth of the Indian economy and the rise of the middle class, more people are opting for air travel. This has led to an increase in the number of flights and the utilization of aircraft, leading to higher wear and tear of parts and the need for replacements. Moreover, advancements in technology in the aviation industry have resulted in more efficient and durable aircraft, leading to a longer lifespan. This, coupled with the increasing demand for air travel, has created a substantial demand for aftermarket parts to keep these advanced aircraft operational. In conclusion, the demand for aircraft aftermarket parts in India is expected to continue to grow in the coming years.
This demand is driven by factors such as aging aircraft fleet, increasing air travel, and technological advancements. As the aviation industry continues to evolve and expand in India, the demand for aftermarket parts will remain strong, making it a vital segment of the overall aviation market.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.