Global Aerostructures Market, By Component (Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle and Pylon, Others), Material (Composites, Alloys, Metals), Platform (Fixed Wing Aircraft, Rotary Wing Aircraft), End-Use (Original Equipment Manufacturer (OEM), Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Aerostructures Market
The aerostructures market will reach at an estimated value of USD 48,578.3 million by 2020 and grow at a CAGR of 5.60% in the forecast period of 2021 to 2028. Rise in the demand for outsourced aerostructure manufacturing is an essential factor driving the aerostructures market.
Aerostructures are defined as the structural components of an aircraft’s body airframe or frame. Aerostructures is very helpful for an aircraft to withstand the aerodynamic forces during flight, and thus includes all the components that help an aircraft to fly. The propulsion systems, flight control surfaces, wings, fuselages, and empennage are some of the aerostructures present on any aircraft body.
Rise in the deliveries of new aircrafts along with demand for spare parts for old aircrafts is a crucial factor accelerating the market growth, also rise in the passenger mobility over the past few years, rise in the development and adoption of composite materials for aircraft manufacturing, rise in the deployment of commercial aircraft across the globe, rise in the supportive government initiatives and growing focus to upgrade defense services by the nations are the major factors among others boosting the aerostructures market. Moreover, rise in the adoption of 3d printing for aerostructure manufacturing, decline in the cost of composite materials and rise in the research and development activities in the market will further create new opportunities for aerostructures market in the forecast period mentioned above.
However, rise in the recyclability issue of composites materials is the major factor among others restraining the market growth, while high cost of transportation and hurdles in supply chain and rise in the uncertainties in failure prediction will further challenge the aerostructures market in the forecast period mentioned above.
This aerostructures market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aero structures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aerostructures Market Scope and Market Size
The aero structures market is segmented on the basis of component, material, platform and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the aero structures market is segmented into fuselage, empennage, flight control surfaces, wings, nose, nacelle and pylon and others.
- Based on material, the aerostructures market is segmented into composites, alloys and metals.
- Based on platform, the aerostructures market is segmented into fixed wing aircraft and rotary wing aircraft.
- The aerostructures market is also segmented on the basis of end-use into original equipment manufacturer (OEM) and aftermarket.
Aerostructures Market Scope Country Level Analysis
The aero structures market is analysed and market size, volume information is provided by country, component, material, platform and end-use as referenced above.
The countries covered in the aerostructures market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the aerostructures market due to rise in the presence of leading aerostructure key players. UTC Aerospace Systems and AAR Corp, rise in the passenger mobility over the past few years and rise in the development and adoption of composite materials for aircraft manufacturing in this region. Asia-Pacific is the expected region in terms of growth in aerostructures market due to rise in the demand for aircrafts in defense and general aviation and rapidly growing aerospace market in this region.
The country section of the aerostructures market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerostructures Market Share Analysis
The aero structures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerostructures market.
The major players covered in aerostructures market report are AAR, Collins Aerospace, RUAG Group, Saab AB, Boeing, Bombardier, Lockheed Martin Corporation, Spirit AeroSystems, Inc, STELIA Aerospace, Cyient, Elbit Systems Ltd, GKN Aerospace Services Limited, Premium AEROTEC, Leonardo S.p.A., MITSUBISHI HEAVY INDUSTRIES, LTD, Kawasaki Heavy Industries, Ltd, Mahindra Aerospace Pvt. Ltd and Taneja Aerospace & Aviation Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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