India Aircraft Components Market Size, Share, Report and Forecast 2025-2033
India Aircraft Components Market Overview
The size of aircraft components market in India reached USD 16.22 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.50 Billion by 2033, exhibiting a growth rate (CAGR) of 6.37% during 2025-2033. The market expansion is driven by rising aircraft production, increasing defense investments, and growth in domestic aviation, supported by government initiatives such as ‘Make in India’ and strategic partnerships with global aerospace firms.
India Aircraft Components Market Study Assumption Years
Base Year : 2024
Historical Year/Period : 2019-2024
India Aircraft Components Market Key Takeaways
Current Market Size : USD 16.22 Billion
CAGR : 6.37%
Forecast Period : 2025-2033
The market is driven by rising aircraft production and increasing defense investments in India.
Growth in domestic aviation encourages demand for indigenous aircraft components.
Government initiatives like ‘Make in India’ foster localization and technological advancement.
Strategic partnerships with global aerospace companies boost supply chain and competitive positioning.
Rising aircraft procurement from both commercial and defense sectors supports market growth.
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India Aircraft Components Market Growth Factors
The India aircraft components market is expanding due to increasing aircraft production and investments in defense aviation. Rising air passenger traffic and government focus on boosting domestic aerospace manufacturing have created favorable market conditions. This scenario stimulates demand for high-quality aircraft components produced locally and attracts global aerospace companies to invest and collaborate in India’s manufacturing sector, enhancing technology transfer and supply chain development.
Government initiatives such as ‘Make in India’ and Atmanirbhar Bharat play a pivotal role in boosting localization and manufacturing capabilities. These programs emphasize reducing import dependence by encouraging the domestic production of critical aerospace components like fuselage structures, avionics, and propulsion systems. Enhanced policy support continues to improve the business environment, fostering growth and innovation in the aerospace components landscape.
Global Original Equipment Manufacturers (OEMs) are forming joint ventures and technology transfer agreements with Indian manufacturers to establish local supply chains. The expansion of small and medium enterprises (SMEs) specializing in precision engineering and composite materials strengthens indigenous manufacturing. Special Economic Zones (SEZs) and aerospace parks in states such as Karnataka, Telangana, and Tamil Nadu provide infrastructure, research and development support, and tax incentives that collectively bolster market growth.
India Aircraft Components Market Trends
The India aircraft components market is witnessing a shift toward increasing localization and indigenous manufacturing, driven by government initiatives like Make in India and Atmanirbhar Bharat. Notably, in September 2024, Airbus formed strategic alliances with Mahindra Aerospace Structures Private Limited and Tata Advanced Systems Limited to procure commercial aircraft components for Airbus programmes including the A320neo and A330neo. These local manufacturers will produce metallic detail parts, assemblies, and components, emphasizing reducing import reliance.
Domestic production of essential aerospace parts such as fuselage structures, avionics, and propulsion systems is being strengthened by joint ventures and technology transfers between global aerospace firms and Indian manufacturers. The growth of SMEs specializing in precision engineering and composite materials adds further capacity and innovation to the indigenous supply chain. Policy support continues to improve the business climate for aerospace component manufacturing, making India a growing global aerospace manufacturing hub.
India’s aircraft components market is also rapidly growing in aerospace exports, backed by collaborations with leading OEMs. For example, in February 2025, the Aerospace India Association announced plans to increase India’s aerospace exports tenfold from the current valuation of USD 2 Billion. The domestic aviation market is expected to become the third largest globally by 2030, driving demand for Indian-made components meeting international aerospace standards.
Special Economic Zones and aerospace parks in Karnataka, Telangana, and Tamil Nadu offer infrastructure and tax incentives, fostering innovation and growth. Indian companies expanding capabilities to meet global standards position the country as a competitive exporter of precision-engineered parts, landing gear systems, and avionics. These developments underpin India’s emerging reputation as a reliable supplier in the global aerospace ecosystem, supported by rising demand for commercial and defense aircraft worldwide.
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India Aircraft Components Market Segmentation
Aircraft Type Insights:
Commercial Aircraft
Business Jet
General Aviation Aircraft
Helicopters
The report provides a detailed breakup and analysis of the market based on aircraft type, including commercial aircraft, business jet, general aviation aircraft, and helicopters.
Component Insights:
Engine
Wheel and Brakes
Landing Gear
Avionics
Fuel System
Hydraulic System
Cockpit System
Others
The report includes detailed analysis based on components such as engine, wheel and brakes, landing gear, avionics, fuel system, hydraulic system, cockpit system, and others.
End User Insights:
Commercial
Military
Government
The market is segmented by end user into commercial, military, and government sectors with detailed breakdowns provided.
Regional Insights
North India
South India
East India
West India
The study covers all major regional markets. South India emerges as a dominant region benefiting from strong aerospace infrastructure and manufacturing capabilities, contributing significantly to the market share. The market is forecasted to grow at a CAGR of 6.37% with notable contributions from all listed regions.
India Aircraft Components Market Key Players
The report offers an in-depth examination of the competitive landscape, including market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
India Aircraft Components Market Recent Developments & News
In February 2025, Hindustan Aeronautics Limited signed a contract with Safran Aircraft Engines to supply turbine forged parts for the Leading Edge Aviation Propulsion engines. In September 2024, GE Aerospace announced plans to increase components sourcing from India, leveraging its manufacturing plant in Pune and its network of 13 key suppliers including TATA. These moves illustrate increasing collaboration between global aerospace firms and Indian manufacturers, indicating growing confidence in India’s aerospace supply chain capabilities.
India Aircraft Components Market Key Highlights of the Report
Comprehensive quantitative analysis of various market segments from 2019-2033.
Detailed insights into market drivers, challenges, and opportunities.
Porter’s five forces analysis to assess market competition and attractiveness.
Competitive landscape with key player positioning and strategy evaluation.
Extensive segmentation by aircraft type, component, end user, and region.
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