PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629696
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629696
Aerostructures Market, By Component, By Platform, By Geography
The global Aerostructures Market is estimated to be valued at USD 65.43 Bn in 2024 and is expected to reach USD 87.32 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 65.43 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 4.20% | 2031 Value Projection: | US$ 87.32 Bn |
The aerostructures market has been witnessing significant growth in recent years driven by increasing demand for new aircraft from commercial and defense sectors. Aerostructures refer to structural components of an aircraft that provide the aircraft its strength and aerodynamic shape. This includes wings, fuselage, empennage, and nacelles among other parts. Advances in materials and manufacturing technologies have enabled development of lighter, stronger and more durable airframe structures offering greater fuel efficiency. Major aerostructure OEMs have been investing heavily in R&D to develop advanced composite and metallic materials fornext generation aircraft programs. Additionally, globalization of aircraft production with involvement of tier 1, 2 and 3 suppliers from across the world has created new opportunities for aerostructure manufacturers worldwide.
Market Dynamics:
Rising passenger and cargo traffic has driven increased demand for commercial aircraft which is a key growth driver for the aerostructures market. According to Airbus and Boeing, over 39,000 new passenger and freight aircraft will be needed over the next 20 years. Growth in air passenger traffic is expected to remain strong in Asia Pacific and Middle East regions specifically. On the other hand, military budget cuts in developed markets and delays in new aircraft programs pose challenges. However, opportunities lie in lightweight composite material adoption and expansion of tier 2 supplier base in emerging economies. OEMs are also exploring hybrid metal-composite designs and additive manufacturing to enable design complexities.
Key features of the study:
This report provides in-depth analysis of the global aerostructures market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aerostructures market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include (Spirit AeroSystems, Triumph Group, Safran SA, Collins Aerospace, GKN Aerospace, Leonardo S.p.A., Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Korea Aerospace Industries, Hanwha Aerospace)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global aerostructures market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aerostructures market.
Market Segmentation
- By Component Insights (Revenue, USD, 2019 - 2031)
- Empennages
- Flight Control Surfaces
- Doors & Skids
- Nacelles & Pylons
- Others
- By Platform Insights (Revenue, USD, 2019 - 2031)
- Commercial Aircraft
- Military Aircraft
- Business Aircraft
- Advanced Air Mobility
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Airbus SE
- Bombardier Inc.
- AAR CORP.
- Cyient Limited
- Elbit Systems Ltd.
- GKN Aerospace
- Leonardo SpA
- Spirit AeroSystems Inc.
- Saab AB
- Triumph Group, Inc.
- The Boeing Company
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Aerostructures Market, By Component
- Aerostructures Market, By Platform
- Aerostructures Market, By Region
3. Market Dynamics, Regulations, And Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Aerostructures Market, By Component, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Empennages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Flight Control Surfaces
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Doors & Skids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Nacelles & Pylons
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Aerostructures Market, By Platform, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Commercial Aircraft
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Military Aircraft
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Business Aircraft
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Advanced Air Mobility
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Aerostructures Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Platform, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Platform, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Platform, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Platform, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Platform, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Platform, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
7. Competitive Landscape
- Airbus SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bombardier Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- AAR CORP.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cyient Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Elbit Systems Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GKN Aerospace
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Leonardo SpA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Spirit AeroSystems Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Saab AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Triumph Group, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- The Boeing Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
9. References and Research Methodology
- References
- Research Methodology
- About us
