What is Driving the Billion-Dollar Global Aircraft Afterparts Market?

The global aircraft aftermarket parts industry – a vital sector of aviation – is currently estimated to be a substantial $44.3 billion in 2024 and is projected to reach $72.3 billion by 2030, growing at a 5.6% CAGR*. This expanding market covers replacement components, upgrades and maintenance solutions that keep aircraft flying safely and efficiently beyond their original manufacturing lifecycle.

One of the primary drivers behind this growth is the aging global fleet. It’s estimated that the average age of the global fleet has risen to a record 14.8 years. Rather than investing in new aircraft which is an often costly and complex, many airlines are opting to extend the life of their existing fleets through upgrades and refurbishments. This naturally leads to increased demand for reliable, cost-effective replacement parts.

Cost-efficiency is another major factor propelling the aftermarket. Operators are constantly looking for ways to manage expenses without compromising safety or performance. Aftermarket parts can offer savings of 30–50% compared to OEM equivalents, making them a highly attractive option. Maintenance, Repair, and Overhaul (MRO) providers are also increasingly turning to certified used or remanufactured components, further reinforcing the value proposition of this sector

Regulatory pressures are also shaping the market. Strict guidelines from authorities like the FAA and EASA require full part traceability and compliance with safety standards. Certified aftermarket parts meet these requirements while offering greater flexibility in sourcing. Additionally, there is growing pressure on the aviation industry to support sustainability goals. Repaired, recycled and reused components help reduce environmental impact and contribute to the sector’s net-zero carbon targets.

Digital transformation has had a profound impact on the aftermarket as well. Many transactions are now carried out through digital platforms, streamlining global sourcing and speeding up the procurement process. E-commerce is enabling faster access to inventory, better price comparisons and more efficient logistics, all of which are crucial for minimising aircraft downtime.

At XS Aviation, we understand the critical importance of having the right part at the right time. With our global network and expert knowledge, we can help you source certified, high-quality parts – whether new, used, or repaired – tailored to your operational and financial needs. If you’re looking to implement a smart, cost-effective aftermarket strategy, XS Aviation is here to help. Contact us for tailored support and expert advice.

*Source: imarc, Forbes