Global Aircraft Aerostructures Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aircraft Aerostructures Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aircraft Aerostructures refer to all the assembled elements of an aircraft that together make up the fuselage. It includes parts of the fuselage, wing components and flight control surfaces, as well as fairings, doors and bulkheads, among others. These components are made from materials such as aluminum, steel, titanium and composites.

Market Overview:

The latest research study on the global Aircraft Aerostructures market finds that the global Aircraft Aerostructures market reached a value of USD 29656.58 million in 2022. It’s expected that the market will achieve USD 51996.29 million by 2028, exhibiting a CAGR of 9.81% during the forecast period.

Market Drivers

Rising demand for spare parts for used aircraft and increasing deliveries of new aircraft is one of the important factors driving the growth of the Aircraft Aerostructures market. The manufacture and delivery of commercial aircraft has grown rapidly over the past few decades as more and more passengers prefer to travel by air over other means of travel. Rising per capita incomes of people around the world and emerging economies are helping to increase passenger numbers and are driving the production of commercial aircraft to meet demand. Rising number of aircraft delivered by major aircraft manufacturers is expected to contribute to market growth. For example, in September 2021, Boeing projected that by 2040, Chinese airlines would need 8,700 new planes worth $1.47 trillion. In addition, the replacement of old aircraft is also one of the market growth drivers. The average lifespan of an aircraft before retirement is about 30 years, and Airbus said in a report that more than 12,000 aircraft are expected to be retired over the next 20 years. These factors are expected to drive market growth.

Market Development Constraints

Government regulations are forcing the aircraft industry to reduce fuel consumption, thereby minimizing carbon emissions. Air transport brings many environmental problems, including noise pollution, climate problems, etc. The climate issue in particular, aviation is one of the most energy- and carbon-intensive modes of transportation, and the combustion of fuel in aircraft engines results in emissions of carbon dioxide (CO2), nitrogen oxides (known as NOx), as well as water vapour and particulates. This places a great burden on the environment. Therefore, many countries have issued relevant policies and regulations in this regard. For example, the EPA in the United States has a range of related regulations, from the Greenhouse Gas Reporting Program to the National Hazardous Air Pollutant Emission Standard (NESHAP). The European Union also included aviation activities in the ETS in 2008. These environmental regulations impose certain constraints on the Aircraft Aerostructures industry.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Spirit Aero Systems Inc. ,GKN PLC ,Triumph Group, Inc, Collins Aerospace and Stelia Aerospace S.A.S. are the five key players in the global Aircraft Aerostructures market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Aircraft Aerostructures market in the past 5 years.

Spirit AeroSystems is one of the world's largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company's core products include fuselages, integrated wings and wing components, pylons, and nacelles. Also, Spirit serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco.

GKN is a global engineering group. Its businesses include manufacturing, automotive, aerospace, engineering, technology and powder metallurgy.

GKN Aerospace is the world's leading multi-technology Tier 1 aerospace supplier. With 40 manufacturing sites in 13 countries, the company serves more than 90 percent of the world's aircraft and engine manufacturers.

Segmentation Overview:

Among different product types, Metal Aerostructures segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Narrow-Body Aircraft segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Aircraft Aerostructures market covered in Chapter 3:

Leonardo SPA
Triumph Group, Inc
Northrop Grumman
Mitsubishi Heavy Industries
Korean Aerospace Industries, Ltd.
Collins Aerospace
Stelia Aerospace S.A.S.
Safran SA
Premium Aerotech GmbH
GKN PLC
Spirit Aero Systems Inc.
Kawasaki Heavy Industries Ltd.
Saab AB
AERNNOVA

In Chapter 4 and Chapter 14.2, on the basis of types, the Aircraft Aerostructures market from 2018 to 2029 is primarily split into:

Metal Aerostructures
Composite Aerostructures

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aircraft Aerostructures market from 2018 to 2029 covers:

Narrow-Body Aircraft
Wide-Body Aircraft
Very Large-Body Aircraft
Regional Aircraft

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)