Aerostructures Market Forecasts to 2028 - Global Analysis By Component (Flight Control Surfaces, Wings, Fuselage, Nose, Nacelle & Pylon, Empennage and Other Components), Material (Alloys, Composite, Metals and Other Materials), Platform, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $54.22 BN |
|
Projected Year Value (2028) |
US $95.33BN |
|
CAGR (2022 - 2028) |
9.86% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Aerostructures Market is accounted for $54.22 billion in 2022 and is expected to reach $95.33 billion by 2028 growing at a CAGR of 9.86% during the forecast period. Aerostructures are components of aircraft’s airframes. They are separately manufactured components of aircraft’s airframes. These components help the aircraft to fly and stand in changing aerodynamic forces. They are specially designed to withstand extreme weather conditions and structural fatigue caused due to extreme loading cycles or due to bird strikes. It includes fuselage, wings, nose, nacelle, pylon and flight control surfaces. Aerostructures are a vital component in a wide range of aircraft; from helicopters, advanced fighter aircraft to business jets and passenger planes.
According to University of Sheffield Advanced Manufacturing Research Centre (UK), its composites researchers on the MASTRO project are currently working to develop self responsive aerospace composites to reduce greenhouse gas emissions and production costs in aviation sector.
Market Dynamics:
Driver:
Increasing aircraft passengers
Passengers are mainly opting for air travelling compared to other modes of transportation due to increased comfort and the ability to travel long distances in short duration of time. This raised the manufacturing of airlines components. New materials are designed and developed to lower the weight of the aircraft thereby reducing the fuel consumption and minimizing carbon emissions and thus propelling the growth of the market.
Restraint:
Disposal of composite materials
Composite materials used to construct aircraft components. These materials are hard to recycle and create alloy contamination. The manufacturers are facing challenges with material recycling. The market is facing concerns regarding the budget and disposing of the composite materials which are hampering the growth of the market.
Opportunity:
Rising disposable income of individuals
Rising disposable income among individuals in emerging economies has led to an increase in air travel passenger volumes, which in turn, has been boosting deployment of commercial aircraft to expand fleets and cater to rising demand. Consumers are opting for easy and short time travelling with advanced technology. Comfort and safety are the main features that are fuelling the market growth.
Threat:
Strict environmental policies
The government is imposing stricter environmental policies and legislations. This has increased the restrictions widely as the aircraft emit gases and affects the atmosphere. This made the manufacturers raise the prices as they are producing fuel efficient aircrafts. The costs for landfill disposal also rose for the transition to the circular economy. All these factors thus hampering the market growth.
Covid-19 Impact
The covid pandemic has created a massive impact in the aerospace and defence sectors. The government totally stopped the airline transport which declined the aircraft deliveries drastically. The deliveries declined to less than half to the initially planned. The aircraft industry faced huge losses. In the post pandemic, once the transportation started, the aircraft industry market started manufacturing the products. Aerostructures demand raised and gaining back all its revenue and customers.
The fuselage segment is expected to be the largest during the forecast period
The fuselage segment is estimated to have a lucrative growth, due to its stability. The aircrafts agility and stability are ensured by the fuselage. It is the primary component in aircraft. It accommodates personnel, travellers or freight. It controls and stabilizes the surface in relation to lifting surfaces. Increasing need of new aircrafts, new designs and adoption of composites are fuelling the fuselage market.
The composites segment is expected to have the highest CAGR during the forecast period
The composites segment is anticipated to witness the fastest CAGR growth during the forecast period, due to weight reduction. They are employed for both structural and component applications in aircraft, spacecraft, combat jets, commercial airlines and space shuttle. The next generation materials consists high performance designing, affordable prices, minimal weight and temperature resistance. All these features are propelling the market growth.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the robust presence of major aerostructure manufacturers. The growing number of aircraft orders and deliveries, increasing demand for commercial and military aircraft and rapid growth of aerospace and defense sector in the countries of this region bought a lucrative growth in the market.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing defense and military budgets. This region has the advanced military aircraft. There is an increasing need for commercial aircraft due to expanding volumes of individuals opting for air travel. This region is facing a steady progress in the aerospace industry as well as military sector which is witnessing huge growth in the aerostructure market.
Key players in the market
Some of the key players profiled in the Aerostructures Market include Saab AB, Bombardier Inc, Spirit Aerosystems Inc, Ruag Group, Elbit Systems Ltd, AAR Corporation, Cyient Ltd, Stelia Aerospace Group, GKN Aerospace, Leonardo SpA, Triumph Group Inc, Aernnova Aerospace S.A, UTC Aerospace Systems, Airbus SE, DuPont de Nemours, The Boeing Company, FACC AG, Aviation Industry Corporation of China Ltd
Key Developments:
In May 2022, Aernnova engages with lilium to design and build the lilium jet’s propulsion mounting system. They will work together on the design, manufacture, and supply of the Lilium Jet’s flap structure. The integrated system will feature a complex and unique design and serve multiple functions and be modular and scalable.
In January 2022, Airbus officially announced the establishment of Airbus Atlantic, a global player in the aero structures field. Airbus Atlantic will be an essential element in the group’s value chain and will play a key role with regard to the aerostructure supply chain, with more than 500 direct suppliers (flying products) and more than 2,000 indirect suppliers (general procurement products).
Components Covered:
• Flight Control Surfaces
• Wings
• Fuselage
• Nose
• Nacelle & Pylon
• Empennage
• Other Components
Materials Covered:
• Alloys
• Composite
• Metals
• Other Materials
Platforms Covered:
• Rotary Wing
• Fixed Wing
• Other Platforms
End Users Covered:
• Aftermarket
• OEM
• Other End Users
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 2020, 2021, 2022, 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
Table of Contents
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 End User Analysis
3.7 Emerging Markets
3.8 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 Aerostructures Market, By Component
5.1 Introduction
5.2 Flight Control Surfaces
5.3 Wings
5.4 Fuselage
5.5 Nose
5.6 Nacelle & Pylon
5.7 Empennage
5.8 Other Components
6 Global Aerostructures Market, By Material
6.1 Introduction
6.2 Alloys
6.3 Composite
6.4 Metals
6.5 Other Materials
7 Global Aerostructures Market, By Platform
7.1 Introduction
7.2 Rotary Wing
7.3 Fixed Wing
7.4 Other Platforms
8 Global Aerostructures Market, By End User
8.1 Introduction
8.2 Aftermarket
8.3 OEM
8.4 Other End Users
9 Global Aerostructures Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Saab AB
11.2 Bombardier Inc
11.3 Spirit Aerosystems Inc
11.4 Ruag Group
11.5 Elbit Systems Ltd
11.6 AAR Corporation
11.7 Cyient Ltd
11.8 Stelia Aerospace Group
11.9 GKN Aerospace
11.10 Leonardo SpA
11.11 Triumph Group Inc
11.12 Aernnova Aerospace S.A
11.13 UTC Aerospace Systems
11.14 Airbus SE
11.15 DuPont de Nemours
11.16 The Boeing Company
11.17 FACC AG
11.18 Aviation Industry Corporation of China Ltd
List of Tables
1 Global Aerostructures Market Outlook, By Region (2020-2028) ($MN)
2 Global Aerostructures Market Outlook, By Component (2020-2028) ($MN)
3 Global Aerostructures Market Outlook, By Flight Control Surfaces (2020-2028) ($MN)
4 Global Aerostructures Market Outlook, By Wings (2020-2028) ($MN)
5 Global Aerostructures Market Outlook, By Fuselage (2020-2028) ($MN)
6 Global Aerostructures Market Outlook, By Nose (2020-2028) ($MN)
7 Global Aerostructures Market Outlook, By Nacelle & Pylon (2020-2028) ($MN)
8 Global Aerostructures Market Outlook, By Empennage (2020-2028) ($MN)
9 Global Aerostructures Market Outlook, By Other Components (2020-2028) ($MN)
10 Global Aerostructures Market Outlook, By Material (2020-2028) ($MN)
11 Global Aerostructures Market Outlook, By Alloys (2020-2028) ($MN)
12 Global Aerostructures Market Outlook, By Composite (2020-2028) ($MN)
13 Global Aerostructures Market Outlook, By Metals (2020-2028) ($MN)
14 Global Aerostructures Market Outlook, By Other Materials (2020-2028) ($MN)
15 Global Aerostructures Market Outlook, By Platform (2020-2028) ($MN)
16 Global Aerostructures Market Outlook, By Rotary Wing (2020-2028) ($MN)
17 Global Aerostructures Market Outlook, By Fixed Wing (2020-2028) ($MN)
18 Global Aerostructures Market Outlook, By Other Platforms (2020-2028) ($MN)
19 Global Aerostructures Market Outlook, By End User (2020-2028) ($MN)
20 Global Aerostructures Market Outlook, By Aftermarket (2020-2028) ($MN)
21 Global Aerostructures Market Outlook, By OEM (2020-2028) ($MN)
22 Global Aerostructures Market Outlook, By Other End Users (2020-2028) ($MN)
23 North America Aerostructures Market Outlook, By Country (2020-2028) ($MN)
24 North America Aerostructures Market Outlook, By Component (2020-2028) ($MN)
25 North America Aerostructures Market Outlook, By Flight Control Surfaces (2020-2028) ($MN)
26 North America Aerostructures Market Outlook, By Wings (2020-2028) ($MN)
27 North America Aerostructures Market Outlook, By Fuselage (2020-2028) ($MN)
28 North America Aerostructures Market Outlook, By Nose (2020-2028) ($MN)
29 North America Aerostructures Market Outlook, By Nacelle & Pylon (2020-2028) ($MN)
30 North America Aerostructures Market Outlook, By Empennage (2020-2028) ($MN)
31 North America Aerostructures Market Outlook, By Other Components (2020-2028) ($MN)
32 North America Aerostructures Market Outlook, By Material (2020-2028) ($MN)
33 North America Aerostructures Market Outlook, By Alloys (2020-2028) ($MN)
34 North America Aerostructures Market Outlook, By Composite (2020-2028) ($MN)
35 North America Aerostructures Market Outlook, By Metals (2020-2028) ($MN)
36 North America Aerostructures Market Outlook, By Other Materials (2020-2028) ($MN)
37 North America Aerostructures Market Outlook, By Platform (2020-2028) ($MN)
38 North America Aerostructures Market Outlook, By Rotary Wing (2020-2028) ($MN)
39 North America Aerostructures Market Outlook, By Fixed Wing (2020-2028) ($MN)
40 North America Aerostructures Market Outlook, By Other Platforms (2020-2028) ($MN)
41 North America Aerostructures Market Outlook, By End User (2020-2028) ($MN)
42 North America Aerostructures Market Outlook, By Aftermarket (2020-2028) ($MN)
43 North America Aerostructures Market Outlook, By OEM (2020-2028) ($MN)
44 North America Aerostructures Market Outlook, By Other End Users (2020-2028) ($MN)
45 Europe Aerostructures Market Outlook, By Country (2020-2028) ($MN)
46 Europe Aerostructures Market Outlook, By Component (2020-2028) ($MN)
47 Europe Aerostructures Market Outlook, By Flight Control Surfaces (2020-2028) ($MN)
48 Europe Aerostructures Market Outlook, By Wings (2020-2028) ($MN)
49 Europe Aerostructures Market Outlook, By Fuselage (2020-2028) ($MN)
50 Europe Aerostructures Market Outlook, By Nose (2020-2028) ($MN)
51 Europe Aerostructures Market Outlook, By Nacelle & Pylon (2020-2028) ($MN)
52 Europe Aerostructures Market Outlook, By Empennage (2020-2028) ($MN)
53 Europe Aerostructures Market Outlook, By Other Components (2020-2028) ($MN)
54 Europe Aerostructures Market Outlook, By Material (2020-2028) ($MN)
55 Europe Aerostructures Market Outlook, By Alloys (2020-2028) ($MN)
56 Europe Aerostructures Market Outlook, By Composite (2020-2028) ($MN)
57 Europe Aerostructures Market Outlook, By Metals (2020-2028) ($MN)
58 Europe Aerostructures Market Outlook, By Other Materials (2020-2028) ($MN)
59 Europe Aerostructures Market Outlook, By Platform (2020-2028) ($MN)
60 Europe Aerostructures Market Outlook, By Rotary Wing (2020-2028) ($MN)
61 Europe Aerostructures Market Outlook, By Fixed Wing (2020-2028) ($MN)
62 Europe Aerostructures Market Outlook, By Other Platforms (2020-2028) ($MN)
63 Europe Aerostructures Market Outlook, By End User (2020-2028) ($MN)
64 Europe Aerostructures Market Outlook, By Aftermarket (2020-2028) ($MN)
65 Europe Aerostructures Market Outlook, By OEM (2020-2028) ($MN)
66 Europe Aerostructures Market Outlook, By Other End Users (2020-2028) ($MN)
67 Asia Pacific Aerostructures Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Aerostructures Market Outlook, By Component (2020-2028) ($MN)
69 Asia Pacific Aerostructures Market Outlook, By Flight Control Surfaces (2020-2028) ($MN)
70 Asia Pacific Aerostructures Market Outlook, By Wings (2020-2028) ($MN)
71 Asia Pacific Aerostructures Market Outlook, By Fuselage (2020-2028) ($MN)
72 Asia Pacific Aerostructures Market Outlook, By Nose (2020-2028) ($MN)
73 Asia Pacific Aerostructures Market Outlook, By Nacelle & Pylon (2020-2028) ($MN)
74 Asia Pacific Aerostructures Market Outlook, By Empennage (2020-2028) ($MN)
75 Asia Pacific Aerostructures Market Outlook, By Other Components (2020-2028) ($MN)
76 Asia Pacific Aerostructures Market Outlook, By Material (2020-2028) ($MN)
77 Asia Pacific Aerostructures Market Outlook, By Alloys (2020-2028) ($MN)
78 Asia Pacific Aerostructures Market Outlook, By Composite (2020-2028) ($MN)
79 Asia Pacific Aerostructures Market Outlook, By Metals (2020-2028) ($MN)
80 Asia Pacific Aerostructures Market Outlook, By Other Materials (2020-2028) ($MN)
81 Asia Pacific Aerostructures Market Outlook, By Platform (2020-2028) ($MN)
82 Asia Pacific Aerostructures Market Outlook, By Rotary Wing (2020-2028) ($MN)
83 Asia Pacific Aerostructures Market Outlook, By Fixed Wing (2020-2028) ($MN)
84 Asia Pacific Aerostructures Market Outlook, By Other Platforms (2020-2028) ($MN)
85 Asia Pacific Aerostructures Market Outlook, By End User (2020-2028) ($MN)
86 Asia Pacific Aerostructures Market Outlook, By Aftermarket (2020-2028) ($MN)
87 Asia Pacific Aerostructures Market Outlook, By OEM (2020-2028) ($MN)
88 Asia Pacific Aerostructures Market Outlook, By Other End Users (2020-2028) ($MN)
89 South America Aerostructures Market Outlook, By Country (2020-2028) ($MN)
90 South America Aerostructures Market Outlook, By Component (2020-2028) ($MN)
91 South America Aerostructures Market Outlook, By Flight Control Surfaces (2020-2028) ($MN)
92 South America Aerostructures Market Outlook, By Wings (2020-2028) ($MN)
93 South America Aerostructures Market Outlook, By Fuselage (2020-2028) ($MN)
94 South America Aerostructures Market Outlook, By Nose (2020-2028) ($MN)
95 South America Aerostructures Market Outlook, By Nacelle & Pylon (2020-2028) ($MN)
96 South America Aerostructures Market Outlook, By Empennage (2020-2028) ($MN)
97 South America Aerostructures Market Outlook, By Other Components (2020-2028) ($MN)
98 South America Aerostructures Market Outlook, By Material (2020-2028) ($MN)
99 South America Aerostructures Market Outlook, By Alloys (2020-2028) ($MN)
100 South America Aerostructures Market Outlook, By Composite (2020-2028) ($MN)
101 South America Aerostructures Market Outlook, By Metals (2020-2028) ($MN)
102 South America Aerostructures Market Outlook, By Other Materials (2020-2028) ($MN)
103 South America Aerostructures Market Outlook, By Platform (2020-2028) ($MN)
104 South America Aerostructures Market Outlook, By Rotary Wing (2020-2028) ($MN)
105 South America Aerostructures Market Outlook, By Fixed Wing (2020-2028) ($MN)
106 South America Aerostructures Market Outlook, By Other Platforms (2020-2028) ($MN)
107 South America Aerostructures Market Outlook, By End User (2020-2028) ($MN)
108 South America Aerostructures Market Outlook, By Aftermarket (2020-2028) ($MN)
109 South America Aerostructures Market Outlook, By OEM (2020-2028) ($MN)
110 South America Aerostructures Market Outlook, By Other End Users (2020-2028) ($MN)
111 Middle East & Africa Aerostructures Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Aerostructures Market Outlook, By Component (2020-2028) ($MN)
113 Middle East & Africa Aerostructures Market Outlook, By Flight Control Surfaces (2020-2028) ($MN)
114 Middle East & Africa Aerostructures Market Outlook, By Wings (2020-2028) ($MN)
115 Middle East & Africa Aerostructures Market Outlook, By Fuselage (2020-2028) ($MN)
116 Middle East & Africa Aerostructures Market Outlook, By Nose (2020-2028) ($MN)
117 Middle East & Africa Aerostructures Market Outlook, By Nacelle & Pylon (2020-2028) ($MN)
118 Middle East & Africa Aerostructures Market Outlook, By Empennage (2020-2028) ($MN)
119 Middle East & Africa Aerostructures Market Outlook, By Other Components (2020-2028) ($MN)
120 Middle East & Africa Aerostructures Market Outlook, By Material (2020-2028) ($MN)
121 Middle East & Africa Aerostructures Market Outlook, By Alloys (2020-2028) ($MN)
122 Middle East & Africa Aerostructures Market Outlook, By Composite (2020-2028) ($MN)
123 Middle East & Africa Aerostructures Market Outlook, By Metals (2020-2028) ($MN)
124 Middle East & Africa Aerostructures Market Outlook, By Other Materials (2020-2028) ($MN)
125 Middle East & Africa Aerostructures Market Outlook, By Platform (2020-2028) ($MN)
126 Middle East & Africa Aerostructures Market Outlook, By Rotary Wing (2020-2028) ($MN)
127 Middle East & Africa Aerostructures Market Outlook, By Fixed Wing (2020-2028) ($MN)
128 Middle East & Africa Aerostructures Market Outlook, By Other Platforms (2020-2028) ($MN)
129 Middle East & Africa Aerostructures Market Outlook, By End User (2020-2028) ($MN)
130 Middle East & Africa Aerostructures Market Outlook, By Aftermarket (2020-2028) ($MN)
131 Middle East & Africa Aerostructures Market Outlook, By OEM (2020-2028) ($MN)
132 Middle East & Africa Aerostructures Market Outlook, By Other End Users (2020-2028) ($MN)
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