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Aero Wing Market

Aero Wing Market Forecasts to 2028 – Global Analysis By Material (Alloys, Metal), Product (Military Aircraft Wing, Regional Aircraft Wing), End User (Commercial, Military) and By Geography

4.9 (81 reviews)
Published: July 2021 ID: SMRC20794
4.9 (81 reviews)
Published: July 2021 ID: SMRC20794

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Aero Wing Market is accounted for $20.35 billion in 2020 and is expected to reach $46.56 billion by 2028 growing at a CAGR of 10.9% during the forecast period. The growing defense budget and rising usage of composite components to procure aircraft wings are the factors driving the market growth. However, the backlog of commercial aircraft is hampering the market growth.

Aero wing is a technologically advanced fin that produces lift while moving through the air. It has a streamlined cross-section, which follows aerodynamic forces and reacts as airfoils. Wings are the basic component of an aircraft to fly.

Based on the end user, the commercial segment is going to have lucrative growth during the forecast period. This growth is mainly attributable to the speedily expanding utilization of commercial aircraft by low-cost carriers in India and China.

By geography, North America is going to have high growth during the forecast period as the region is home to a large number of aviation giants such as Lockheed Martin and Raytheon. These behemoths have been investing heavily in advanced wing technologies.

Some of the key players profiled in the Aero Wing Market include Airbus UK, AVIC XCAC, GKN Aerospace Service Ltd, Mitsubishi Heavy Industries, Sonaca Group, Spirit AeroSystems Inc, and Triumph Group.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 20.35 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

10.9%

Predicted 2028 Value:

USD 46.56 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

161

Chapters Covered:

Material, Type of Builds, Product, End User, Sales Channel and Region

Core Drivers and Opportunities:

  • Introduction of innovative flight solutions by startups
  • Growing defense budget of china
  • Rising usage of composite components to procure aircraft wings

Restraining Factors & Market Threats:

  • Supply chain disruption
  • High cost associated with installation

  
Materials Covered:
• Alloys
• Composite
• Metal   

Type of Builds Covered:
• Composite Skin Fabrication
• Conventional Skin Fabrication   
 
Products Covered:
• Military Aircraft Wing 
• Narrow-Body Aircraft Wing 
• Regional Aircraft Wing 
• Wide-Body Aircraft Wing 

End Users Covered:
• Civil Aviation
• Commercial
• Military

Sales Channels Covered:
• Direct Sales
• Distributor

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Aero Wing Market is majorly driven by increasing defense budget of china to adopt fifth generation fighter jets, rising usage of composite components, and new technological innovations.

The commercial segment is growing at a highest CAGR due to the increasing demand from emerging economies.

North America dominated with a significant market share due to the strong presence of aircraft original equipment manufacturers (OEMs) in the US and Canada.

Asia Pacific market is growing at a highest CAGR due to the increasing expenditure on defense technologies and equipment by China and India.

Key players in Aero Wing Market include Airbus UK, AVIC XCAC, GKN Aerospace Service Ltd, Mitsubishi Heavy Industries, Sonaca Group, Spirit AeroSystems Inc, and Triumph Group.

1 Executive Summary      
       
2 Preface    
  
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Product Analysis     
 3.7 End User Analysis     
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
        
5 Global Aero Wing Market, By Material      
 5.1 Introduction     
 5.2 Alloys     
 5.3 Composite     
 5.4 Metal     
       
6 Global Aero Wing Market, By Type of Build      
 6.1 Introduction     
 6.2 Composite Skin Fabrication     
 6.3 Conventional Skin Fabrication     
       
7 Global Aero Wing Market, By Product      
 7.1 Introduction     
 7.2 Military Aircraft Wing     
 7.3 Narrow-Body Aircraft Wing     
 7.4 Regional Aircraft Wing     
 7.5 Wide-Body Aircraft Wing     
        
8 Global Aero Wing Market, By End User      
 8.1 Introduction     
 8.2 Civil Aviation     
 8.3 Commercial     
  8.3.1 Business Aviation    
  8.3.2 Commercial Aviation    
  8.3.3 General Aviation    
 8.4 Military     
  8.4.1 Transport Aircraft    
  8.4.2 Trainer Aircraft    
  8.4.3 Fighter Aircraft    
       
9 Global Aero Wing Market, By Sales Channel      
 9.1 Introduction     
 9.2 Direct Sales     
 9.3 Distributor     
       
10 Global Aero Wing Market, By Geography       
 10.1 Introduction     
 10.2 North America     
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe    
 10.4 Asia Pacific     
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand    
  10.4.6 South Korea    
  10.4.7 Rest of Asia Pacific    
 10.5 South America     
  10.5.1 Argentina    
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America    
 10.6 Middle East & Africa     
  10.6.1 Saudi Arabia    
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa    
  10.6.5 Rest of Middle East & Africa    
       
11 Key Developments      
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 11.2 Acquisitions & Mergers     
 11.3 New Product Launch     
 11.4 Expansions     
 11.5 Other Key Strategies     
       
12 Company Profiling      
 12.1 Airbus UK     
 12.2 AVIC XCAC     
 12.3 GKN Aerospace Service Ltd     
 12.4 Mitsubishi Heavy Industries     
 12.5 Sonaca Group     
 12.6 Spirit AeroSystems Inc     
 12.7 Triumph Group     


List of Data Tables       
1 Global Aero Wing Market Outlook, By Region (2019-2028) ($MN)      
2 Global Aero Wing Market Outlook, By Material (2019-2028) ($MN)      
3 Global Aero Wing Market Outlook, By Alloys (2019-2028) ($MN)      
4 Global Aero Wing Market Outlook, By Composite (2019-2028) ($MN)      
5 Global Aero Wing Market Outlook, By Metal (2019-2028) ($MN)      
6 Global Aero Wing Market Outlook, By Type of Build (2019-2028) ($MN)      
7 Global Aero Wing Market Outlook, By Composite Skin Fabrication (2019-2028) ($MN)      
8 Global Aero Wing Market Outlook, By Conventional Skin Fabrication (2019-2028) ($MN)      
9 Global Aero Wing Market Outlook, By Product (2019-2028) ($MN)      
10 Global Aero Wing Market Outlook, By Military Aircraft Wing (2019-2028) ($MN)      
11 Global Aero Wing Market Outlook, By Narrow-Body Aircraft Wing (2019-2028) ($MN)      
12 Global Aero Wing Market Outlook, By Regional Aircraft Wing (2019-2028) ($MN)      
13 Global Aero Wing Market Outlook, By Wide-Body Aircraft Wing (2019-2028) ($MN)      
14 Global Aero Wing Market Outlook, By End User (2019-2028) ($MN)      
15 Global Aero Wing Market Outlook, By Civil Aviation (2019-2028) ($MN)      
16 Global Aero Wing Market Outlook, By Commercial (2019-2028) ($MN)      
17 Global Aero Wing Market Outlook, By Business Aviation (2019-2028) ($MN)      
18 Global Aero Wing Market Outlook, By Commercial Aviation (2019-2028) ($MN)      
19 Global Aero Wing Market Outlook, By General Aviation (2019-2028) ($MN)      
20 Global Aero Wing Market Outlook, By Military (2019-2028) ($MN)      
21 Global Aero Wing Market Outlook, By Transport Aircraft (2019-2028) ($MN)      
22 Global Aero Wing Market Outlook, By Trainer Aircraft (2019-2028) ($MN)      
23 Global Aero Wing Market Outlook, By Fighter Aircraft (2019-2028) ($MN)      
24 Global Aero Wing Market Outlook, By Sales Channel (2019-2028) ($MN)      
25 Global Aero Wing Market Outlook, By Direct Sales (2019-2028) ($MN)      
26 Global Aero Wing Market Outlook, By Distributor (2019-2028) ($MN)      
27 North America Aero Wing Market Outlook, By Country (2019-2028) ($MN)      
28 North America Aero Wing Market Outlook, By Material (2019-2028) ($MN)      
29 North America Aero Wing Market Outlook, By Alloys (2019-2028) ($MN)      
30 North America Aero Wing Market Outlook, By Composite (2019-2028) ($MN)      
31 North America Aero Wing Market Outlook, By Metal (2019-2028) ($MN)      
32 North America Aero Wing Market Outlook, By Type of Build (2019-2028) ($MN)      
33 North America Aero Wing Market Outlook, By Composite Skin Fabrication (2019-2028) ($MN)      
34 North America Aero Wing Market Outlook, By Conventional Skin Fabrication (2019-2028) ($MN)      
35 North America Aero Wing Market Outlook, By Product (2019-2028) ($MN)      
36 North America Aero Wing Market Outlook, By Military Aircraft Wing (2019-2028) ($MN)      
37 North America Aero Wing Market Outlook, By Narrow-Body Aircraft Wing (2019-2028) ($MN)      
38 North America Aero Wing Market Outlook, By Countryal Aircraft Wing (2019-2028) ($MN)      
39 North America Aero Wing Market Outlook, By Wide-Body Aircraft Wing (2019-2028) ($MN)      
40 North America Aero Wing Market Outlook, By End User (2019-2028) ($MN)      
41 North America Aero Wing Market Outlook, By Civil Aviation (2019-2028) ($MN)      
42 North America Aero Wing Market Outlook, By Commercial (2019-2028) ($MN)      
43 North America Aero Wing Market Outlook, By Business Aviation (2019-2028) ($MN)      
44 North America Aero Wing Market Outlook, By Commercial Aviation (2019-2028) ($MN)      
45 North America Aero Wing Market Outlook, By General Aviation (2019-2028) ($MN)      
46 North America Aero Wing Market Outlook, By Military (2019-2028) ($MN)      
47 North America Aero Wing Market Outlook, By Transport Aircraft (2019-2028) ($MN)      
48 North America Aero Wing Market Outlook, By Trainer Aircraft (2019-2028) ($MN)      
49 North America Aero Wing Market Outlook, By Fighter Aircraft (2019-2028) ($MN)      
50 North America Aero Wing Market Outlook, By Sales Channel (2019-2028) ($MN)      
51 North America Aero Wing Market Outlook, By Direct Sales (2019-2028) ($MN)      
52 North America Aero Wing Market Outlook, By Distributor (2019-2028) ($MN)      
53 Europe Aero Wing Market Outlook, By Country (2019-2028) ($MN)      
54 Europe Aero Wing Market Outlook, By Material (2019-2028) ($MN)      
55 Europe Aero Wing Market Outlook, By Alloys (2019-2028) ($MN)      
56 Europe Aero Wing Market Outlook, By Composite (2019-2028) ($MN)      
57 Europe Aero Wing Market Outlook, By Metal (2019-2028) ($MN)      
58 Europe Aero Wing Market Outlook, By Type of Build (2019-2028) ($MN)      
59 Europe Aero Wing Market Outlook, By Composite Skin Fabrication (2019-2028) ($MN)      
60 Europe Aero Wing Market Outlook, By Conventional Skin Fabrication (2019-2028) ($MN)      
61 Europe Aero Wing Market Outlook, By Product (2019-2028) ($MN)      
62 Europe Aero Wing Market Outlook, By Military Aircraft Wing (2019-2028) ($MN)      
63 Europe Aero Wing Market Outlook, By Narrow-Body Aircraft Wing (2019-2028) ($MN)      
64 Europe Aero Wing Market Outlook, By Countryal Aircraft Wing (2019-2028) ($MN)      
65 Europe Aero Wing Market Outlook, By Wide-Body Aircraft Wing (2019-2028) ($MN)      
66 Europe Aero Wing Market Outlook, By End User (2019-2028) ($MN)      
67 Europe Aero Wing Market Outlook, By Civil Aviation (2019-2028) ($MN)      
68 Europe Aero Wing Market Outlook, By Commercial (2019-2028) ($MN)      
69 Europe Aero Wing Market Outlook, By Business Aviation (2019-2028) ($MN)      
70 Europe Aero Wing Market Outlook, By Commercial Aviation (2019-2028) ($MN)      
71 Europe Aero Wing Market Outlook, By General Aviation (2019-2028) ($MN)      
72 Europe Aero Wing Market Outlook, By Military (2019-2028) ($MN)       
73 Europe Aero Wing Market Outlook, By Transport Aircraft (2019-2028) ($MN)      
74 Europe Aero Wing Market Outlook, By Trainer Aircraft (2019-2028) ($MN)      
75 Europe Aero Wing Market Outlook, By Fighter Aircraft (2019-2028) ($MN)      
76 Europe Aero Wing Market Outlook, By Sales Channel (2019-2028) ($MN)      
77 Europe Aero Wing Market Outlook, By Direct Sales (2019-2028) ($MN)      
78 Europe Aero Wing Market Outlook, By Distributor (2019-2028) ($MN)      
79 Asia Pacific Aero Wing Market Outlook, By Country (2019-2028) ($MN)      
80 Asia Pacific Aero Wing Market Outlook, By Material (2019-2028) ($MN)      
81 Asia Pacific Aero Wing Market Outlook, By Alloys (2019-2028) ($MN)      
82 Asia Pacific Aero Wing Market Outlook, By Composite (2019-2028) ($MN)      
83 Asia Pacific Aero Wing Market Outlook, By Metal (2019-2028) ($MN)      
84 Asia Pacific Aero Wing Market Outlook, By Type of Build (2019-2028) ($MN)      
85 Asia Pacific Aero Wing Market Outlook, By Composite Skin Fabrication (2019-2028) ($MN)      
86 Asia Pacific Aero Wing Market Outlook, By Conventional Skin Fabrication (2019-2028) ($MN)      
87 Asia Pacific Aero Wing Market Outlook, By Product (2019-2028) ($MN)      
88 Asia Pacific Aero Wing Market Outlook, By Military Aircraft Wing (2019-2028) ($MN)      
89 Asia Pacific Aero Wing Market Outlook, By Narrow-Body Aircraft Wing (2019-2028) ($MN)      
90 Asia Pacific Aero Wing Market Outlook, By Countryal Aircraft Wing (2019-2028) ($MN)      
91 Asia Pacific Aero Wing Market Outlook, By Wide-Body Aircraft Wing (2019-2028) ($MN)      
92 Asia Pacific Aero Wing Market Outlook, By End User (2019-2028) ($MN)      
93 Asia Pacific Aero Wing Market Outlook, By Civil Aviation (2019-2028) ($MN)      
94 Asia Pacific Aero Wing Market Outlook, By Commercial (2019-2028) ($MN)      
95 Asia Pacific Aero Wing Market Outlook, By Business Aviation (2019-2028) ($MN)      
96 Asia Pacific Aero Wing Market Outlook, By Commercial Aviation (2019-2028) ($MN)      
97 Asia Pacific Aero Wing Market Outlook, By General Aviation (2019-2028) ($MN)      
98 Asia Pacific Aero Wing Market Outlook, By Military (2019-2028) ($MN)      
99 Asia Pacific Aero Wing Market Outlook, By Transport Aircraft (2019-2028) ($MN)      
100 Asia Pacific Aero Wing Market Outlook, By Trainer Aircraft (2019-2028) ($MN)      
101 Asia Pacific Aero Wing Market Outlook, By Fighter Aircraft (2019-2028) ($MN)      
102 Asia Pacific Aero Wing Market Outlook, By Sales Channel (2019-2028) ($MN)      
103 Asia Pacific Aero Wing Market Outlook, By Direct Sales (2019-2028) ($MN)      
104 Asia Pacific Aero Wing Market Outlook, By Distributor (2019-2028) ($MN)      
105 South America Aero Wing Market Outlook, By Country (2019-2028) ($MN)      
106 South America Aero Wing Market Outlook, By Material (2019-2028) ($MN)      
107 South America Aero Wing Market Outlook, By Alloys (2019-2028) ($MN)      
108 South America Aero Wing Market Outlook, By Composite (2019-2028) ($MN)      
109 South America Aero Wing Market Outlook, By Metal (2019-2028) ($MN)      
110 South America Aero Wing Market Outlook, By Type of Build (2019-2028) ($MN)      
111 South America Aero Wing Market Outlook, By Composite Skin Fabrication (2019-2028) ($MN)      
112 South America Aero Wing Market Outlook, By Conventional Skin Fabrication (2019-2028) ($MN)      
113 South America Aero Wing Market Outlook, By Product (2019-2028) ($MN)      
114 South America Aero Wing Market Outlook, By Military Aircraft Wing (2019-2028) ($MN)      
115 South America Aero Wing Market Outlook, By Narrow-Body Aircraft Wing (2019-2028) ($MN)      
116 South America Aero Wing Market Outlook, By Countryal Aircraft Wing (2019-2028) ($MN)      
117 South America Aero Wing Market Outlook, By Wide-Body Aircraft Wing (2019-2028) ($MN)      
118 South America Aero Wing Market Outlook, By End User (2019-2028) ($MN)      
119 South America Aero Wing Market Outlook, By Civil Aviation (2019-2028) ($MN)      
120 South America Aero Wing Market Outlook, By Commercial (2019-2028) ($MN)      
121 South America Aero Wing Market Outlook, By Business Aviation (2019-2028) ($MN)      
122 South America Aero Wing Market Outlook, By Commercial Aviation (2019-2028) ($MN)      
123 South America Aero Wing Market Outlook, By General Aviation (2019-2028) ($MN)      
124 South America Aero Wing Market Outlook, By Military (2019-2028) ($MN)      
125 South America Aero Wing Market Outlook, By Transport Aircraft (2019-2028) ($MN)      
126 South America Aero Wing Market Outlook, By Trainer Aircraft (2019-2028) ($MN)      
127 South America Aero Wing Market Outlook, By Fighter Aircraft (2019-2028) ($MN)      
128 South America Aero Wing Market Outlook, By Sales Channel (2019-2028) ($MN)      
129 South America Aero Wing Market Outlook, By Direct Sales (2019-2028) ($MN)      
130 South America Aero Wing Market Outlook, By Distributor (2019-2028) ($MN)      
131 Middle East & Africa Aero Wing Market Outlook, By Country (2019-2028) ($MN)      
132 Middle East & Africa Aero Wing Market Outlook, By Material (2019-2028) ($MN)      
133 Middle East & Africa Aero Wing Market Outlook, By Alloys (2019-2028) ($MN)      
134 Middle East & Africa Aero Wing Market Outlook, By Composite (2019-2028) ($MN)      
135 Middle East & Africa Aero Wing Market Outlook, By Metal (2019-2028) ($MN)      
136 Middle East & Africa Aero Wing Market Outlook, By Type of Build (2019-2028) ($MN)      
137 Middle East & Africa Aero Wing Market Outlook, By Composite Skin Fabrication (2019-2028) ($MN)      
138 Middle East & Africa Aero Wing Market Outlook, By Conventional Skin Fabrication (2019-2028) ($MN)      
139 Middle East & Africa Aero Wing Market Outlook, By Product (2019-2028) ($MN)      
140 Middle East & Africa Aero Wing Market Outlook, By Military Aircraft Wing (2019-2028) ($MN)      
141 Middle East & Africa Aero Wing Market Outlook, By Narrow-Body Aircraft Wing (2019-2028) ($MN)      
142 Middle East & Africa Aero Wing Market Outlook, By Countryal Aircraft Wing (2019-2028) ($MN)      
143 Middle East & Africa Aero Wing Market Outlook, By Wide-Body Aircraft Wing (2019-2028) ($MN)      
144 Middle East & Africa Aero Wing Market Outlook, By End User (2019-2028) ($MN)      
145 Middle East & Africa Aero Wing Market Outlook, By Civil Aviation (2019-2028) ($MN)      
146 Middle East & Africa Aero Wing Market Outlook, By Commercial (2019-2028) ($MN)      
147 Middle East & Africa Aero Wing Market Outlook, By Business Aviation (2019-2028) ($MN)      
148 Middle East & Africa Aero Wing Market Outlook, By Commercial Aviation (2019-2028) ($MN)      
149 Middle East & Africa Aero Wing Market Outlook, By General Aviation (2019-2028) ($MN)      
150 Middle East & Africa Aero Wing Market Outlook, By Military (2019-2028) ($MN)      
151 Middle East & Africa Aero Wing Market Outlook, By Transport Aircraft (2019-2028) ($MN)      
152 Middle East & Africa Aero Wing Market Outlook, By Trainer Aircraft (2019-2028) ($MN)      
153 Middle East & Africa Aero Wing Market Outlook, By Fighter Aircraft (2019-2028) ($MN)      
154 Middle East & Africa Aero Wing Market Outlook, By Sales Channel (2019-2028) ($MN)      
155 Middle East & Africa Aero Wing Market Outlook, By Direct Sales (2019-2028) ($MN)      
156 Middle East & Africa Aero Wing Market Outlook, By Distributor (2019-2028) ($MN)      

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