The India aircraft components market size 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 is expanding due to rising aircraft production, increasing defense investments, and the growth of domestic aviation. Government initiatives like ‘Make in India’ and partnerships with global aerospace firms drive localization, technological advancements, and supply chain development, boosting market competitiveness.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 16.22 Billion |
Market Forecast in 2033 | USD 29.50 Billion |
Market Growth Rate (2025-2033) | 6.37% |
Increasing Localization and Indigenous Manufacturing
The India aircraft components market is witnessing a significant shift toward localization, driven by government initiatives like Make in India and Atmanirbhar Bharat. For instance, in September 2024, Airbus demonstrated its active efforts to cater to Make in India initiative by forming strategic alliance with Mahindra Aerospace Structures Private Limited and Tata Advanced Systems Limited for the procurement of commercial aircraft components. As per the agreement, Mahindra Aerostructures as well as Tata will produce metallic detail parts, assemblies, and components for Airbus' programmes named A320neo, A330neo, and A320neo. In line with this, the focus on reducing dependence on imports has encouraged domestic production of critical aerospace components, including fuselage structures, avionics, and propulsion systems. Major global aerospace firms are entering joint ventures and technology transfer agreements with Indian manufacturers to establish local supply chains. The growth of small and medium enterprises (SMEs) specializing in precision engineering and composite materials further strengthens indigenous manufacturing. Additionally, policy support enhances the business environment for aerospace component production. With rising aircraft procurement from domestic and defense aviation sectors, the demand for locally produced components is expected to grow, positioning India as a global aerospace manufacturing hub while ensuring cost efficiency, supply chain resilience, and technological self-reliance.
Expanding Aerospace Exports and Global Collaborations
India’s aircraft components market is experiencing rapid growth in aerospace exports, supported by increased global collaborations with leading Original Equipment Manufacturers (OEMs). For instance, as per industry reports, in February 2025, a newly formed organization, Aerospace India Association, announced its plans to boost India's aerospace exports by tenfold in upcoming years, which, as of 2025, stands at a valuation of USD 2 Billion. In parallel, the aviation market of India is anticipated to become third largest globally by the year 2030. Moreover, Indian companies are expanding their capabilities to meet international aerospace standards. The rising demand for cost-effective, high-quality components in the global supply chain has positioned India as a competitive exporter of precision-engineered parts, landing gear systems, and avionics. Agreements with major aircraft manufacturers further strengthen India’s role in the global aerospace ecosystem. Additionally, Special Economic Zones (SEZs) and aerospace parks in states like Karnataka, Telangana, and Tamil Nadu are fostering industry growth by providing infrastructure, R&D support, and tax incentives. As global demand for commercial and defense aircraft rises, India’s aerospace export market is set to expand, enhancing its reputation as a reliable supplier of aircraft components.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on aircraft type, component, and end user.
Aircraft Type Insights:
The report has provided a detailed breakup and analysis of the market based on the aircraft type. This includes commercial aircraft, business jet, general aviation aircraft, and helicopters.
Component Insights:
A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes engine, wheel and brakes, landing gear, avionics, fuel system, hydraulic system, cockpit system, and others.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes commercial, military, and government.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Aircraft Types Covered | Commercial Aircraft, Business Jet, General Aviation Aircraft, Helicopters |
Components Covered | Engine, Wheel and Brakes, Landing Gear, Avionics, Fuel System, Hydraulic System, Cockpit System, Others |
End Users Covered | Commercial, Military, Government |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: