Commercial Airframe Component Market 2024-2028
The commercial airframe component market is forecasted to grow by USD 5656.5 mn during 2023-2028, accelerating at a CAGR of 8.02% during the forecast period. The report on the commercial airframe component market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by aviation-friendly government initiatives in APAC, growing air passenger traffic, and increasing use of composites.
Technavio's commercial airframe component market is segmented as below:
- By Type
- Narrow-body
- Wide-body
- By Component
- Fuselage
- Wing
- Empennage
- By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the emergence of 3D printing as one of the prime reasons driving the commercial airframe component market growth during the next few years. Also, growing demand for narrow-body aircraft in APAC and adoption of folded wings in commercial aircraft will lead to sizable demand in the market.
The report on the commercial airframe component market covers the following areas:
- Commercial airframe component market sizing
- Commercial airframe component market forecast
- Commercial airframe component market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial airframe component market vendors that include Aernnova Aerospace SA, Airbus SE, Avion Alloys Inc., Bharat Forge Ltd., Commercial Aircraft Corporation of China Ltd., DAHER, Deutsche Lufthansa AG, Eaton Corp. PLC, Ferra Engineering Pty Ltd, Latecoere, LISI Group, Melrose Industries PLC, Mitsubishi Heavy Industries Ltd., Precision Castparts Corp., RUAG International Holding Ltd., Sonaca SA, Spirit AeroSystems Inc., The Boeing Co., Thomas B. Thriges Foundation, and Triumph Group Inc.. Also, the commercial airframe component market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.