by The global aerospace fasteners market size was estimated at USD 7.31 billion in 2024 and is expected to cross 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 emerged as the leading region in the global market, holding a 42% share.
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The Asia Pacific region is projected to witness strong growth during the forecast years.
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Rivets led the product segment in terms of market dominance in 2024.
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Screws are forecasted to grow at a faster rate in the upcoming years.
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Aluminum remained the most widely used material in 2024, capturing 58% of the market share.
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Titanium is expected to see the fastest growth rate by material type.
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The fixed-wing aircraft segment was the top platform contributor in 2024.
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The rotary-wing aircraft segment is set to grow significantly over the forecast period
How Is AI Revolutionizing the Aerospace Fasteners Industry?
Artificial Intelligence is significantly enhancing the aerospace fasteners market by streamlining the manufacturing process and ensuring precision and quality control. AI-driven automation and robotics are being used to produce fasteners with tight tolerances, reducing defects and improving consistency. Machine learning algorithms help monitor equipment health, predict maintenance needs, and optimize production lines, thus minimizing downtime and maximizing efficiency. These advancements contribute to higher output and better cost-effectiveness in fastener manufacturing.
Additionally, AI is transforming the supply chain and inventory management in the aerospace fasteners sector. Predictive analytics powered by AI enables companies to forecast demand accurately, manage stock levels, and respond quickly to changes in market requirements. In design and engineering, AI assists in selecting optimal materials and designs for fasteners based on performance data and environmental factors. Overall, AI empowers the industry with smarter decision-making, faster innovation cycles, and improved product reliability.
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 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
| 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
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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