According to the research report titled ‘Aerospace & Defense C-class Parts Market Size By Component (Fasteners, Bearings, Electrical, Machined Parts), By Application/Work Package (Airframe, System, Engine, Interiors), By Distribution Channel (OEM, Aftermarkets), By End User (Commercial, Military & Defense, Spacecrafts), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global aerospace & defense C-class parts market is likely to cross the USD 14.4 billion threshold by the year 2025.
 

Rising adoption of commercial aircrafts owing to increasing number of air passengers is one of the key factors fueling global aerospace & defense C-class parts market. C-class components are basically low-cost parts which are usually available in bulk and can be easily replaced when damaged.
 

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Growing demand for adhesives over mechanical fasteners in the aerospace sector is also adding traction to the overall market size. Adhesives are gaining significant recognition owing to their weight reduction properties. It is also relatively easier to replace these smart parts and consumables with composite materials.
 

In terms of component type, the report states that fasteners accounted for 50% market share in the year 2018 and is likely to showcase consistent expansion throughout the study duration. Increasing popularity of fasteners in fabricating and assembly applications coupled with growing aircraft manufacturing are fueling the segmental share.
 

Elaborating on the application scope, global aerospace & defense C-class parts industry share from airframe segment is predicted to expand at 4.5% CAGR through 2025. High usage of C-class parts in airframes such as wings, undercarriage, empennage, and fuselage are promoting the overall business scenario.
 

Moving on to distribution channel, aftermarket segment is likely to account for 70% share in terms of revenue by the year 2025. Aftermarket primarily includes market for components, spare parts, and accessories. In addition to this, growing demand for timely MRO (maintenance, repair, and overhaul) is favoring global aerospace & defense C-class parts industry dynamics.
 

Citing the end-user analysis, the commercial segment is estimated to hold 55% market share by the year 2025, owing to flourishing tourism sector, increasing air passenger traffic, and lower air fares.
 

From the regional standpoint, Asia-Pacific is slated to capture 17% share in worldwide aerospace & defense C-class parts industry by 2025, largely due to growing population, rising per capita income, and escalating expenditure towards aerospace sector.
 

The competitive landscape of global aerospace & defense C-class parts industry is defined by companies such as TE Connectivity, West Coast Aerospace, SKF Bearings, Safran S.A., Triumph Group Inc., NTN Corporation, Lisi Aerospace, National Aerospace Fasteners Corporation, TriMas Corporation, Stanley Black & Decker Inc., RBC Bearings Incorporated, Eaton Corp., Arconic Corp., Precision Castparts Corp., and Amphenol Corporation among others.