Aerostructures Market

The global aerostructures market foreseen to grow by 8.7%, from USD 55.47 Billion in 2021 to USD 108.12 Billion in 2029. Growing demand for air travel around the world, increasing demand for outsourced aerostructure manufacturing, rise in adoption of composite aerostructures are some of the driving factors for the growth of the aerostructures market. However, recyclability issues of composite materials is seen to hinder the market growth over the forecast period.

Market Definition

What is Aerostructures?

An aerostructure is a component of an aircraft's airframe. This may include all or part of the fuselage, wings, or flight control surfaces.

Market Overview

The aerostructures market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the aerostructures market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global aerostructures market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Aerostructures market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the aerostructures market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the Aerostructures market Aernnova Aerospace S.A, Aerospace Industrial Development Corporation,l Airbus, Arconic, Collins Aerospace, Cyient, Daher, Elbit Systems Ltd., Facc AG, Gkn Aerospace, Iai (Israel Aerospace Industries), Kawasaki Heavy Industries, Ltd., Korea Aerospace Industries, Groupe Latécoère, Leonardo S.P.A, Magellan Aerospace Corporation, Mhi Canada Aerospace, Inc., Products Offered, Ruag Group, Saab AB, Sabca NV, Safran SA, Sonaca Group, Spirit Aerosystems, Inc., ST Engineering, The Boeing Company, The Nordam Group Llc, Triumph Group, Turkish Aerospace Industries, Inc.

COVID-19 Impact on Global Aerostructures Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the aerostructures market has forced the companies to change their sourcing, pricing, and promotion strategies. The aerostructures market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the Aerospace & Defence industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and aerostructures market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global aerostructures market segmented on the basis of component, material, platform, end user, and region:

Component Outlook:

On the basis of component, the market is segmented into doors and skid, empennage, flight control surfaces, fuselage, nacelle and pylon, nose, wings.

Figure 1 Aerostructures Market By Component (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Material Outlook:

On the basis of material, the market is segmented into alloys and super alloys, composites, metals.

Figure 2 Material Outlook (Revenue, USD Million, 2021)