Increased aircraft production across the globe is expected to drive the Aerostructures Market, with key drivers including rising global population and demand for passenger and cargo air services, increased flight volume, industrial expansion, technological advancements, rising personal income, and modernization of older aircraft. Developing economies will be a major driver of aeroplane demand due to rising wealth and population. Civil and military aircraft, regional and business jets, jet fighters, freighters, and helicopters are among the numerous aircraft divisions. North America, Europe, and Asia Pacific are all important markets. Market demand is projected to be influenced greatly by developing economies such as China, India, and Russia.
Aerostructures Market size was $62767 Million in 2021, and is predicted to accumulate a valuation of $100647 million by 2030, recording a CAGR (Compound annual growth rate) of over 6.08% from 2022 to 2030.
The term “aerostructure” refers to all of the primary components that make up an aircraft’s airframe. The flight control surfaces, wings, fuselage, nacelle, nose, propulsion systems, and empennage are among the components. These structures help an aeroplane withstand aerodynamic stresses while also improving overall performance. Aerostructures, in other terms, assist aircraft in flying effectively. They’re found in a variety of planes, including private, commercial, and military aircraft.
Steel, titanium, aluminium, and composite are the most prevalent materials used in the production of these components.
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Global Aerostructures Market- Segmental Analysis
Major Key Players:-
- Airbus
- SAAB
- Triumph Group
- Leonardo S.p.A.
- GKN Aerospace Services Limited
- SAFRAN
- Arconic
- Elbit Systems Ltd.
- FACC AG
- Kawasaki Heavy Industries, Ltd.
- Collins Aerospace
- Boeing
- SONACA
- ST Engineering
- RUAG Group
- Latécoère
- IAI (ISRAEL AEROSPACE INDUSTRIES)
- The NORDAM Group LLC
- Aernnova Aerospace S.A.
- Magellan Aerospace
- Cyient
- SABCA NV
By Component
- Wings
- Nose
- Fuselage
- Nacelle & Pylon
- Empennage
- Others
The wings segment is poised to garner significant returns over 2020-2030 owing to the increasing demand for the replacement of conventional metal wings with composite airplane wings.
By Material
- Alloys
- Metal
- Composite
The composite segment is anticipated to capture a substantial revenue share over the forecast timeframe. This is credited to the high flexibility, durability, and strength offered by Aerostructures built using composite materials.
By Platform
- Fixed-wing Aircraft
o Commercial Aircraft
o Military Aircraft
o Business Jets Aircrafts
o General Aviation Aircraft
o UAV’s
- Rotary-wing aircraft
o Commercial & Civil & Helicopters
o Military Helicopters
o UAV’s
The fixed-wing aircraft segment is slated to grow significantly by 2030 attributable to the escalating demand for military aircrafts to mitigate border disputes across numerous countries.
By End Use
- Aftermarket
- OEM
Table of Contents
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Aerostructures Market: Estimates & Forecast Trend Analysis
- Europe Aerostructures Market: Estimates & Forecast Trend Analysis
- Asia Pacific Aerostructures Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Aerostructures Market: Estimates & Forecast Trend Analysis
- Latin America Aerostructures Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
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