Aerospace Fasteners Market Size to Reach USD 15.00 Bn by 2034

The global aerospace fasteners market size was estimated at USD 7.31 billion in 2024 and is expected to reach around USD 15.00 billion by 2034, growing at a CAGR of 7.45% from 2025 to 2034.

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Aerospace Fasteners Market Key Highlights

• North America stood out as the top region in 2024, contributing 42% to the global market.

• Asia Pacific is on track to experience rapid expansion in the coming years.

• The rivets segment led all product types in 2024.

• Screws are predicted to grow at the highest pace among product categories.

• The aluminum segment captured the majority market share at 58% in 2024.

• The titanium segment is likely to lead future growth across materials.

• Fixed-wing aircraft maintained the lead among platforms in 2024.

• Rotary-wing aircraft are forecasted to grow quickly during the projection period.

How Is AI Enhancing Quality, Design, and Delivery in Aerospace Fasteners?

AI plays a significant role in the Aerospace Fasteners Market by enhancing several aspects of the industry, from product development to manufacturing and supply chain management. By leveraging advanced machine learning algorithms and data analytics, AI helps companies optimize the design of fasteners for aircraft, ensuring they meet stringent safety and durability standards. It can predict the performance of different materials and designs under various conditions, reducing the need for extensive physical testing and thus speeding up the R&D process.

Additionally, AI-powered automation in manufacturing processes improves the efficiency of production lines, ensuring that aerospace fasteners are made with precision and consistency. AI-driven predictive maintenance tools monitor the performance of equipment used in manufacturing, detecting potential issues before they cause downtime. Furthermore, AI is used in the supply chain to forecast demand, optimize inventory management, and streamline logistics, ultimately lowering costs and reducing lead times. This makes the aerospace fasteners industry more responsive, efficient, and cost-effective in meeting the growing demand for lightweight and high-performance components.

Aerospace Fasteners Market Growth Factors

The Aerospace Fasteners Market is primarily driven by the increasing demand for air travel and aircraft production. As airlines expand and modernize their fleets to accommodate growing passenger numbers, the need for aerospace fasteners used in assembling aircraft components rises significantly. Additionally, the industry’s shift towards lightweight materials, such as titanium and composites, in the pursuit of fuel efficiency further boosts the demand for advanced fasteners.

Technological advancements in fastener design and performance are also contributing to market growth. Innovations focused on improving corrosion resistance, strength-to-weight ratios, and heat resistance enhance the value of aerospace fasteners. The surge in military and defense spending, with new aircraft and defense aviation projects, as well as the expansion of low-cost airlines, is increasing the need for fasteners in both commercial and military aircraft. Furthermore, the growth of the MRO (Maintenance, Repair, and Overhaul) industry is ensuring steady demand for aerospace fasteners as the global fleet requires regular servicing and part replacements.

Market Overview

The Aerospace Fasteners Market is crucial for the aviation and aerospace industries, supporting the manufacturing and assembly of aircraft, spacecraft, and related components. Fasteners, including rivets, bolts, nuts, screws, and clamps, play a key role in ensuring the safety, durability, and performance of aerospace systems. With increasing aircraft production, the demand for aerospace fasteners is growing rapidly. The market is expected to continue expanding due to the rising number of air passengers, the modernization of fleets, and the ongoing technological advancements in materials and manufacturing processes.

Market Scope

Market Dynamics

Drivers

One of the main drivers of the aerospace fasteners market is the increasing demand for air travel and the corresponding expansion of the global aircraft fleet. The shift towards lighter, stronger materials such as titanium and composites in aerospace construction is also fueling demand for specialized fasteners. Furthermore, the growing focus on fuel efficiency and durability in both commercial and military aviation sectors necessitates high-quality, advanced fasteners that can withstand extreme conditions.

Opportunities

The rise in defense spending and the development of advanced military aircraft are creating significant opportunities in the aerospace fasteners market. Additionally, the increasing number of low-cost airlines and the growth of the MRO (Maintenance, Repair, and Overhaul) industry provide further growth potential. Emerging technologies, such as 3D printing and automation in fastener production, also present opportunities to optimize production processes and reduce costs, enhancing market potential.

Challenges

Despite the growth opportunities, the aerospace fasteners market faces several challenges. One major issue is the high cost of materials, particularly high-strength alloys and titanium, which are essential for aerospace applications. Additionally, regulatory standards and quality control requirements are stringent, increasing manufacturing complexity and costs. Supply chain disruptions, including raw material shortages and logistical issues, can also impact market growth and stability.

Regional Insights

North America holds the largest market share in the aerospace fasteners industry, driven by the presence of major aerospace manufacturers like Boeing, Lockheed Martin, and Northrop Grumman. The region’s strong defense spending and high air traffic contribute to the demand for fasteners. The Asia Pacific region is expected to see significant growth due to increasing aircraft production, especially in countries like China and India, which are investing heavily in their aviation sectors. Europe, with its strong aerospace manufacturing base, particularly in countries like France, Germany, and the UK, remains a key player in the market, while the Middle East is also experiencing growth due to rising air travel and military contracts.

Aerospace Fasteners Market Companies

• LISI Aerospace
• National Aerospace Fasteners Corporation
• B&B Specialties Inc.
• M.S. Aerospace
• TPS Aviation Inc.
• TriMas Corporation
• Howmet Aerospace Inc.
• TFI Aerospace Corporation
• Wurth Group

Latest Announcements by Leaders

• In September 2024, Ryan O’Neill, Chief Strategy Officer of Equity Energies proclaimed that the company is delighted to be supportive of LISI Aerospace on its excellent journey to net zero, energy management, and decarbonization solutions to improve further in the UK.
• In September 2024, Mark Capell, general manager at the Rugby site of LISI Aerospace announced that the company feels proud of its progress towards net zero due to the notable shift towards investments to reach net-carbon- neutrality within aviation.

Recent Developments in the Aerospace Fasteners Market

• In August 2024, ASAP Semiconductor announced the commitment to enhance the supply of efficient aircraft parts through the excellent development and expansion of its website named ‘Aerospace Aviation 360’.
• In September 2024, LISI Aerospace announced the achievement in sales of €903.6 million in the first half of 2024 and the LISI Automotive Division confirmed its positioning in electromobility.

Segments Covered In the Report 

By Product

• Rivets
• Screws
• Nuts & Bolts
• Others

By Material

• Aluminum
• Titanium
• Steel
• Superalloys

By Platform

• Fixed-wing Aircraft
  • Commercial Aircraft
  • Business Aircraft
  • General Aviation Aircraft
  • Military Aircraft
• Rotary-wing Aircraft
  • Military Helicopters
  • Civil Helicopters

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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akshay dhamal