Aerospace Fasteners Market Size

Aerospace Fasteners Market size was valued at USD 5.28 Billion in 2023 and is poised to grow from USD 5.69 Billion in 2024 to USD 10.29 Billion by 2032, growing at a CAGR of 7.70% during the forecast period (2025-2032).

Aerospace fasteners manufacturers are focusing on product development and manufacturing. This will help them to adjust their product range to the changing requirements of the aerospace industry. This includes the introduction of advanced fastening structures made of light materials which are resistant to corrosion and high-strength alloys. Furthermore, players are aiming at strengthening their geographical presence through mergers, acquisitions, partnerships, and joint ventures to improve their distribution channels, enter new regions, and consolidate the advantages across various markets. In addition to that, many companies are also investing in R&D activities to enhance technology, processes, and address new challenges in the aerospace fastener market which include increased utilization of composites and additive manufacturing techniques.  'Arconic Inc. (United States)', 'B&B Specialties, Inc. (United States)', 'LISI Aerospace (France)', 'Precision Castparts Corp. (United States)', 'Stanley Black & Decker, Inc. (United States)', 'Alcoa Corporation (United States)', 'KLX Inc. (United States)', 'PCC Fasteners (United States)', 'B/E Aerospace (United States)', 'National Aerospace Fasteners Corporation (United States)', 'A Raymond Tinnerman (United States)', '3V Fasteners Company, Inc. (United States)', 'Consolidated Aerospace Manufacturing, LLC (United States)', 'National Rivet & Manufacturing Co. (United States)', 'Nippon Precision Fasteners Co., Ltd. (Japan)', 'SPS Technologies, LLC (United States)', 'TriMas Corporation (United States)', 'TFI Aerospace Corporation (United States)', 'MW Industries, Inc. (United States)', 'Allfast Fastening Systems, Inc. (United States)', 'Anixter International Inc. (United States)', 'Bossard Group (Switzerland)'

One of the significant drivers in the aerospace fasteners market is the constant expansion of commercial and military aircraft fleets globally. As air travel is continuously growing and the demand for connectivity increases in emerging markets, airlines are placing orders for new aircraft to meet passenger demands. Additionally, initiatives for defense modernization are boosting the procurement of new military aircraft. This expansion is increasing the demand for aerospace fasteners to assemble and maintain these aircraft.

Emergence of Smart Fastner and IoT Incorporation: The merging of the aerospace industry with smart technologies and the Internet of Things (IoT) is evolving the aerospace fasteners market. Smart fasteners implemented with sensors are capable of monitoring critical parameters like tension, temperature, torque, and fatigue in real time. These sensors enable predictive maintenance by offering data-driven insights into the health of fasteners and their associated components. Airlines and maintenance teams can remotely monitor the condition of fasteners, allowing proactive intervention and improving maintenance schedules.  

North America is dominating with the largest aerospace fasteners market share. Due to their well-established military sector and prominent aerospace manufacturers the region is dominating the global aerospace fasteners market. Lockheed Martin and Boeing are among the leading US aerospace companies that extensively utilize aerospace fasteners. Moreover, high-performance fasteners have become more popular due to the region’s focus on cutting-edge technologies and advances in aircraft technology. North America is the leading region in the aerospace industry, with the United States playing a pivotal role.