Aerostructures Market Statistics, Segment, Trends and Forecast to 2030

Aerostructures Market size was valued at USD 65905.92 Million in 2021 and is projected to reach USD 111334.77 Million by 2030, growing at a CAGR of 6.10% from 2023 to 2030.

The airframe of the aircraft has an independent component called aerostructure. These are the crucial parts that allow for the flight and stability of aircraft under varying aerodynamic conditions. Aerostructures are specifically made to endure severe weather, structural fatigue brought on by extensive loading cycles, or bird strikes. Depending on their characteristics and performance, several materials, including composites, alloys, metals, and superalloys, are employed as aerostructures. The OEM category is anticipated to have substantial growth during the forecast period as a result of the expanding aftermarket services offered by numerous manufacturers of aerostructures.

All of the structural elements that make up an airframe are referred to as aerostructures. Aerostructures made with composites and other cutting-edge materials have undergone significant design changes. Their innately high strength-to-weight ratio has led to substantial weight reductions, improving the aircraft's fuel economy.

The global aerostructures market size was significantly robust in 2023 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth are increasing outsourcing of aerostructure manufacturing by Original Equipment Manufacturers (OEMs), growing use of composite materials in commercial aviation sector, and increasing production of aircraft by major aircraft manufacturers. Rising preference towards lightweight materials such as composites and superalloys to drastically reduce weight of aerostructures and rapid adoption of advanced technologies such as 3D printing to boost aircraft production output are also some key factors expected to drive revenue growth of the market over the forecast period.

The air transport industry is expanding. Every year, airlines across the world transport billions of passengers and millions of tonnes of freight on millions of commercial flights. While this is an indicator of the considerable economic impact of aviation on the world economy, it is noteworthy that aviation accounts for over 3 per cent of the global gross domestic product (GDP). The aviation sector is rapidly growing is expected to grow at a quick pace. Innovations and technological advancements would enable novel business models and mobility services. Significant innovations include autonomous devices, artificial intelligence (AI), internet of things (IoT), ultralight materials, unmanned aircraft innovations, biometrics, robotics, block chain, alternative fuels and electric aircraft.

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Global Aerostructures Market: Major Players
Raug Group
Taneja Aerospace & Aviation Ltd.
Leonardo S.P.A.
Bombardier Inc.
Saab AB
Stelia Aerospace Group.
Aar Corp.
Mahindra Aerostructures Pvt. Ltd.
GKN Aerospace
Cyient Ltd.
UTC Aerospace Systems
Triumph Group, Inc
Spirit Aerosystems, Inc.
Elbit Systems Ltd.

Global Aerostructures Market: By Types
Composites
Alloys
Metals

Global Aerostructures Market: By Applications
OEM
Aftermarket

Global Aerostructures Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Aerostructures market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.

Global Aerostructures Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter's five forces analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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