Aerostructures Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aerostructures Market
The Aerostructures market size was valued at USD 116.09 billion in 2023, and the market is now projected to grow from USD 123.25 billion in 2024 to USD 210.65 billion by 2032, exhibiting a CAGR of 6.93% during the forecast period of 2024-2032.
The COVID-19 pandemic harmed the Aerostructures Market growth, leading to a huge setback for aircraft’s original equipment manufacturers (OEMs) in 2020. This disclosed the hitherto hidden ailments of an industry which is why there came about considerable reduction in the call for fresh aircrafts ultimately resulting into a notable financial setback.
Increased chevron nozzle demand due to modern generation engine installations is boosting the Aerostructures Market share. Chevron nozzle is a triangular pattern exhaust nozzle extension for engine exhaust that mitigates sound levels while being adopted in modern jets such as Boeing 747 and 787, which decreases fan tones by 15 decibels.
Emerging technologies such as 3D printing are being adopted by manufacturers of aerostructures to produce parts more efficiently. As individual components can now be printed we see weight reduction through part consolidation and improved design possibilities. From 3D models to final parts, machine learning supports manufacturers in automated production, design and integration, thereby simplifying their manufacturing process.
Comprehensive Aerostructures Market
The Aerostructures market is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Component Analysis, by Material Analysis, by Platform Analysis. The Component Analysis includes wings, nose, fuselage, nacelle and Pylon, empennage, and others. The Material Analysis includes alloys, composite, and metals. The Platform Analysis includes fixed-wing and rotary-wing aircraft.
The North America region leads the Aerostructures market by benefitting a market size of USD 43.67 billion in 2023 due to the presence of top OEMs in the region.
The top players in the market play a crucial role in the Aerospace & Defence industry assuring industrial prospectus growth and setting market standards. These players include, Bombardier Inc (U.S.), AAR Corp (U.S.), Spirit Aerosystems Inc. (U.S.), SAAB AB (Sweden), Cyient Ltd (India), Triumph Group Inc. (U.S.), GKN Aerospace (U.K.), Elbit Systems Ltd (Israel), The Boeing Company (U.S.), Leonardo SpA (Italy), Airbus SAS (France) these market players provide a competitive landscape.
In May 2023, The Massachusetts Institute of Technology introduced a technological advance, an inexpensive way to reinforce vital materials in use today in aerospace and energy production.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.93% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Platform
Fixed Wing
- Commercial
- Military
- Business Jet
- General Aviation Aircraft
Rotary Wing
- Commercial Helicopters
- Military Helicopters
- UAVs
By Component
Wings
Nose
Fuselage
Nacella and Pylon
Empennage
Others
By Material
Alloys
Composite
Metals
By Country
North America (By Platform, Component, Material and Country)
- U.S. (By Platform)
- Canada (By Platform)
Europe (By Platform, Component, Material and Country)
- U.K. (By Platform)
- Germany (By Platform)
- France (By Platform)
- Russia (By Platform)
- Rest of Europe (By Platform)
Asia Pacific (By Platform, Component, Material and Country)
- China (By Platform)
- India (By Platform)
- Japan (By Platform)
- Australia (By Platform)
- Rest of Asia Pacific (By Platform)
Middle East & Africa (By Platform, Component, Material, and Country)
- UAE (By Platform)
- Saudi Arabia (By Platform)
- Qatar (By Platform)
- Rest of Middle East and Africa (By Platform)
Latin America (By Platform, Component, Material, and Country)
- Brazil (By Platform)
- Argentina (By Platform)
- Rest of Latin America (By Platform)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 4.5. COVID-Impact 19 Impact on Global Aerostructures Market
- 5. Global Aerostructures Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Platform
- 5.2.1. Fixed Wing
- 5.2.1.1. Commercial
- 5.2.1.2. Military
- 5.2.1.3. Business Jet
- 5.2.1.4. General Aviation Aircraft
- 5.2.2. Rotary Wing
- 5.2.2.1. Commercial Helicopters
- 5.2.2.2. Military Helicopters
- 5.2.2.3. UAVs
- 5.3. Market Analysis, Insights and Forecast – By Component
- 5.3.1. Wings
- 5.3.2. Nose
- 5.3.3. Fuselage
- 5.3.4. Nacelle and Pylon
- 5.3.5. Empennage
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Material
- 5.4.1. Alloys
- 5.4.2. Composite
- 5.4.3. Metals
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. The Middle East & Africa
- 5.5.5. Latin America
- 6. North America Aerostructures Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Platform
- 6.1.1. Fixed Wing
- 6.1.1.1. Commercial
- 6.1.1.2. Military
- 6.1.1.3. Business Jet
- 6.1.1.4. General Aviation Aircraft
- 6.1.2. Rotary Wing
- 6.1.2.1. Commercial Helicopters
- 6.1.2.2. Military Helicopters
- 6.1.2.3. UAVs
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Wings
- 6.2.2. Nose
- 6.2.3. Fuselage
- 6.2.4. Nacelle and Pylon
- 6.2.5. Empennage
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By Material
- 6.3.1. Alloys
- 6.3.2. Composite
- 6.3.3. Metals
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 6.4.1.1.1. Fixed Wing
- 6.4.1.1.2. Rotary Wing
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 6.4.2.1.1. Fixed Wing
- 6.4.2.1.2. Rotary Wing
- 7. Europe Aerostructures Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Platform
- 7.1.1. Fixed Wing
- 7.1.1.1. Commercial
- 7.1.1.2. Military
- 7.1.1.3. Business Jet
- 7.1.1.4. General Aviation Aircraft
- 7.1.2. Rotary Wing
- 7.1.2.1. Commercial Helicopters
- 7.1.2.2. Military Helicopters
- 7.1.2.3. UAVs
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Wings
- 7.2.2. Nose
- 7.2.3. Fuselage
- 7.2.4. Nacelle and Pylon
- 7.2.5. Empennage
- 7.2.6. Others
- 7.3. Market Analysis, Insights and Forecast – By Material
- 7.3.1. Alloys
- 7.3.2. Composite
- 7.3.3. Metals
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.1.1.1. Fixed Wing
- 7.4.1.1.2. Rotary Wing
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.2.1.1. Fixed Wing
- 7.4.2.1.2. Rotary Wing
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.3.1.1. Fixed Wing
- 7.4.3.1.2. Rotary Wing
- 7.4.4. Russia
- 7.4.4.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.4.1.1. Fixed Wing
- 7.4.4.1.2. Rotary Wing
- 7.4.5. Rest of the Europe
- 7.4.5.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.5.1.1. Fixed Wing
- 7.4.5.1.2. Rotary Wing
- 8. Asia Pacific Aerostructures Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Platform
- 8.1.1. Fixed Wing
- 8.1.1.1. Commercial
- 8.1.1.2. Military
- 8.1.1.3. Business Jet
- 8.1.1.4. General Aviation Aircraft
- 8.1.2. Rotary Wing
- 8.1.2.1. Commercial Helicopters
- 8.1.2.2. Military Helicopters
- 8.1.2.3. UAVs
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Wings
- 8.2.2. Nose
- 8.2.3. Fuselage
- 8.2.4. Nacelle and Pylon
- 8.2.5. Empennage
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By Material
- 8.3.1. Alloys
- 8.3.2. Composite
- 8.3.3. Metals
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.1.1.1. Fixed Wing
- 8.4.1.1.2. Rotary Wing
- 8.4.2. India
- 8.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.2.1.1. Fixed Wing
- 8.4.2.1.2. Rotary Wing
- 8.4.3. Japan
- 8.4.3.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.3.1.1. Fixed Wing
- 8.4.3.1.2. Rotary Wing
- 8.4.4. Australia
- 8.4.4.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.4.1.1. Fixed Wing
- 8.4.4.1.2. Rotary Wing
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.5.1.1. Fixed Wing
- 8.4.5.1.2. Rotary Wing
- 9. The Middle East & Africa Aerostructures Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Platform
- 9.1.1. Fixed Wing
- 9.1.1.1. Commercial
- 9.1.1.2. Military
- 9.1.1.3. Business Jet
- 9.1.1.4. General Aviation Aircraft
- 9.1.2. Rotary Wing
- 9.1.2.1. Commercial Helicopters
- 9.1.2.2. Military Helicopters
- 9.1.2.3. UAVs
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Wings
- 9.2.2. Nose
- 9.2.3. Fuselage
- 9.2.4. Nacelle and Pylon
- 9.2.5. Empennage
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By Material
- 9.3.1. Alloys
- 9.3.2. Composite
- 9.3.3. Metals
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. UAE
- 9.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 9.4.1.1.1. Fixed Wing
- 9.4.1.1.2. Rotary Wing
- 9.4.2. Saudi Arabia
- 9.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 9.4.2.1.1. Fixed Wing
- 9.4.2.1.2. Rotary Wing
- 9.4.3. Qatar
- 9.4.3.1. Market Analysis, Insights and Forecast – By Platform
- 9.4.3.1.1. Fixed Wing
- 9.4.3.1.2. Rotary Wing
- 9.4.4. Rest of Middle East & Africa
- 9.4.4.1. Market Analysis, Insights and Forecast – By Platform
- 9.4.4.1.1. Fixed Wing
- 9.4.4.1.2. Rotary Wing
- 10. Latin America Aerostructures Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast – By Platform
- 10.1.1. Fixed Wing
- 10.1.1.1. Commercial
- 10.1.1.2. Military
- 10.1.1.3. Business Jet
- 10.1.1.4. General Aviation Aircraft
- 10.1.2. Rotary Wing
- 10.1.2.1. Commercial Helicopters
- 10.1.2.2. Military Helicopters
- 10.1.2.3. UAVs
- 10.2. Market Analysis, Insights and Forecast – By Component
- 10.2.1. Wings
- 10.2.2. Nose
- 10.2.3. Fuselage
- 10.2.4. Nacelle and Pylon
- 10.2.5. Empennage
- 10.2.6. Others
- 10.3. Market Analysis, Insights and Forecast – By Material
- 10.3.1. Alloys
- 10.3.2. Composite
- 10.3.3. Metals
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Brazil
- 10.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 10.4.1.1.1. Fixed Wing
- 10.4.1.1.2. Rotary Wing
- 10.4.2. Argentina
- 10.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 10.4.2.1.1. Fixed Wing
- 10.4.2.1.2. Rotary Wing
- 10.4.3. Rest of Latin America
- 10.4.3.1. Market Analysis, Insights and Forecast – By Platform
- 10.4.3.1.1. Fixed Wing
- 10.4.3.1.2. Rotary Wing
- 11. Competitive Analysis
- 11.1. Global Market Rank Analysis (2023)
- 11.2. Competition Dashboard
- 12. Company Profiles
- 12.1. aar corp. (U.S.)
- 12.1.1. Overview
- 12.1.2. Products & services
- 12.1.3. SWOT analysis
- 12.1.4. Recent developments
- 12.1.5. strategies
- 12.1.6. financials (based on availability)
- 12.2. Bombardier Inc (U.S.)
- 12.2.1. Overview
- 12.2.2. Products & services
- 12.2.3. SWOT analysis
- 12.2.4. Recent developments
- 12.2.5. strategies
- 12.2.6. financials (based on availability)
- 12.3. SAAB AB (Sweden)
- 12.3.1. Overview
- 12.3.2. Products & services
- 12.3.3. SWOT analysis
- 12.3.4. Recent developments
- 12.3.5. strategies
- 12.3.6. financials (based on availability)
- 12.4. Spirit Aerosystems Inc. (U.S.)
- 12.4.1. Overview
- 12.4.2. Products & services
- 12.4.3. SWOT analysis
- 12.4.4. Recent developments
- 12.4.5. strategies
- 12.4.6. financials (based on availability)
- 12.5. Triumph Group Inc. (U.S.)
- 12.5.1. Overview
- 12.5.2. Products & services
- 12.5.3. SWOT analysis
- 12.5.4. Recent developments
- 12.5.5. strategies
- 12.5.6. financials (based on availability)
- 12.6. Cyient Ltd (India)
- 12.6.1. Overview
- 12.6.2. Products & services
- 12.6.3. SWOT analysis
- 12.6.4. Recent developments
- 12.6.5. strategies
- 12.6.6. financials (based on availability)
- 12.7. Elbit Systems Ltd (Israel)
- 12.7.1. Overview
- 12.7.2. Products & services
- 12.7.3. SWOT analysis
- 12.7.4. Recent developments
- 12.7.5. strategies
- 12.7.6. financials (based on availability)
- 12.8. GKN Aerospace (UK)
- 12.8.1. Overview
- 12.8.2. Products & services
- 12.8.3. SWOT analysis
- 12.8.4. Recent developments
- 12.8.5. strategies
- 12.8.6. financials (based on availability)
- 12.9. Leonardo SpA (Italy)
- 12.9.1. Overview
- 12.9.2. Products & services
- 12.9.3. SWOT analysis
- 12.9.4. Recent developments
- 12.9.5. strategies
- 12.9.6. financials (based on availability)
- 12.10. The Boeing Company (U.S.)
- 12.10.1. Overview
- 12.10.2. Products & services
- 12.10.3. SWOT analysis
- 12.10.4. Recent developments
- 12.10.5. strategies
- 12.10.6. financials (based on availability)
- 12.11. Airbus SAS ( France)
- 12.11.1. Overview
- 12.11.2. Products & services
- 12.11.3. SWOT analysis
- 12.11.4. Recent developments
- 12.11.5. strategies
- 12.11.6. financials (based on availability)
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