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
|
Doors
And Skid
|
Empennage
|
Flight
Control Surfaces
|
Fuselage
|
Nacelle
And Pylon
|
Nose
|
Wings
|
|
|
Material
|
Alloys
And Super Alloys
|
Composites
|
Metals
|
|
|
Platform
|
Advanced
Air Mobility
|
Fixed
Wing
|
Rotary
Wing
|
Unmanned
Aerial Vehicles
|
|
|
End
Use
|
Aftermarket
|
OEM
|
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)