by The global aerospace fasteners market size was estimated at USD 7.31 billion in 2024 and is expected to surpass 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
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In 2024, North America led globally, securing 42% of the total market.
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Asia Pacific shows strong potential for high growth through the forecast period.
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Rivets were the top-selling product type in 2024.
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Screws are expected to outpace other products in growth.
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Aluminum materials represented the largest market share at 58% in 2024.
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Titanium is forecast to be the fastest-expanding material category.
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Fixed-wing platforms dominated the market by application in 2024.
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Rotary-wing aircraft platforms are anticipated to rise quickly in adoption.
How Is AI Revolutionizing the Aerospace Fasteners Industry?
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 growth of 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 rising passenger numbers, the need for fasteners to assemble various aircraft components grows. The market also benefits from the rising use of lightweight materials in aircraft, as manufacturers aim to improve fuel efficiency and reduce carbon emissions. This shift toward materials like titanium and composites boosts the demand for aerospace fasteners made from these high-performance materials.
Another significant factor is the ongoing advancements in fastener technology. Innovations in corrosion resistance, strength, and performance at extreme temperatures make modern fasteners more valuable and versatile. Additionally, the increase in military and defense spending is spurring demand for fasteners in the production of new military aircraft. The expansion of low-cost airlines, which require more aircraft, further boosts demand for aerospace fasteners. Lastly, the growth of the maintenance, repair, and overhaul (MRO) sector contributes to steady market demand, as older aircraft require frequent part replacements and repairs.
Market Overview
The Aerospace Fasteners Market is integral to the aerospace industry, encompassing fasteners such as rivets, bolts, screws, nuts, and washers that are critical in assembling aircraft structures and components. With the growing demand for air travel and the expansion of both commercial and military aircraft fleets, the need for these fasteners continues to rise. In particular, aerospace fasteners must meet stringent safety and performance standards, contributing to the growing complexity of the market.
Market Scope
| Report Coverage | Details |
| Market Size by 2034 | USD 15.00 Billion |
| Market Size in 2025 | USD 7.85 Billion |
| Market Size in 2024 | USD 7.31 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 7.45% |
| Dominated Region | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Product, Material, Platform, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Market Dynamics
Drivers
The Aerospace Fasteners Market is primarily driven by the increasing production of aircraft, both commercial and military. The rising demand for efficient, fuel-saving aircraft is accelerating the use of lightweight materials such as titanium and composites, which require specialized fasteners.
Additionally, the growth of the global airline industry, particularly in emerging economies, is creating a demand for more aircraft, further increasing the need for aerospace fasteners. Increasing military and defense spending is also propelling market growth, particularly with the modernization of defense fleets.
Opportunities
There are substantial opportunities in the market for companies that can innovate in terms of materials and fastener designs. As the aerospace industry emphasizes fuel efficiency and sustainability, demand for advanced, lightweight, and durable fasteners is rising. Moreover, the expanding MRO (Maintenance, Repair, and Overhaul) sector presents opportunities for fastener manufacturers as regular repairs and component replacements are required throughout the life cycle of aircraft.
Furthermore, the shift toward the use of more environmentally friendly materials in fasteners offers opportunities for companies to develop eco-friendly products that align with industry sustainability goals.
Challenges
One of the primary challenges facing the Aerospace Fasteners Market is the high cost associated with producing specialized fasteners that meet stringent safety standards. The aerospace industry is highly regulated, and fasteners must meet rigorous performance criteria, such as high strength, corrosion resistance, and heat tolerance, which can result in higher production costs.
Additionally, fluctuations in raw material prices, particularly for metals like titanium and aluminum, pose challenges to manufacturers. The market is also affected by potential disruptions in the global supply chain, which could impact the timely availability of fasteners for aircraft production and repairs.
Regional Insights
North America is the dominant region in the Aerospace Fasteners Market, holding the largest market share due to the strong presence of major aerospace manufacturers such as Boeing, Lockheed Martin, and Northrop Grumman. The region is also home to significant defense and commercial aviation activities, driving demand for aerospace fasteners.
Asia Pacific is expected to experience rapid growth during the forecast period, driven by the expansion of the aviation sector in countries like China and India. The rising demand for air travel, along with the growing manufacturing base in the region, will propel the need for aerospace fasteners. Europe remains an important market, with key aerospace players like Airbus and a strong presence in military and commercial aircraft production.
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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