# Global Aerospace and Defense Springs Market Forecast (2024–2031): Trends & Projections


The aerospace and defense springs market is projected to experience significant growth from 2024 to 2031. According to Persistence Market Research, the [aerospace and defense springs market](https://www.persistencemarketresearch.com/market-research/aerospace-defense-springs-market.asp) is estimated to increase from US$ 331.2 million in 2024 to US$ 511.3 million by 2031, reflecting a compound annual growth rate (CAGR) of 6.4% during the forecast period .

## **Market Drivers**

Several factors are contributing to the growth of the aerospace and defense springs market:

* **Advancements in Aerospace Technologies:** The increasing demand for advanced aerospace technologies is driving the need for specialized springs that can withstand extreme conditions.

* **Defense Modernization:** Countries worldwide are investing in modernizing their defense systems, leading to a higher demand for specialized components like springs.

* **Recovery of Commercial Aviation:** The resurgence of the commercial aviation industry post-pandemic is boosting the need for aircraft components, including springs.

* **Material Innovations:** The shift towards lightweight and high-strength materials, such as titanium and advanced alloys, is enhancing the performance and efficiency of aerospace systems.

## **Key Market Segments**

* **Spring Types:** Compression springs are anticipated to dominate, accounting for 46% of the market share in 2024. Their unique helical configuration provides exceptional versatility and adaptability, making them suitable for various applications across aerospace and defense systems.

* **Materials:** Metal springs, including stainless steel, carbon steel, alloy steel, and titanium alloys, are expected to capture 85% of the material-based market share in 2024 due to their ability to withstand harsh conditions.

* **End Users:** The primary end users include commercial aviation, military aviation, space exploration, defense contractors, and government agencies.

* **Regions:** North America is projected to lead the market, holding a 35% share in 2024, driven by rising investments in military aircraft programs and a robust aerospace and defense industry.

## **Leading Companies in the Market**

Several companies are at the forefront of the aerospace and defense springs market:

* **Keller Technology Corporation**
* **Graham-White Manufacturing**
* **Associated Spring**
* **Helical Products Company**
* **Landefeld**
* **Bishop Wisecarver**
* **Spring Engineering**
* **Jergens, Inc.**
* **Smalley Steel Ring Company**
* **Mubea**
* **Eaton Corporation**
* **Rolls-Royce plc**
* **Goodrich Corporation (Collins Aerospace)****
* **Hawker Beechcraft**
* **ThyssenKrupp AG**

## **Conclusion**

The aerospace and defense springs market is set for substantial growth, driven by advancements in technology, increased defense spending, and the resurgence of the commercial aviation sector. Companies leading in innovation and quality will be well-positioned to capitalize on the expanding opportunities in this dynamic market. For more detailed insights and data, you can refer to the full report by Persistence Market Research: Aerospace and Defense Springs Market Size, Share, and Growth Forecast for 2024 - 2031.