Aerostructures Market Forecasts to 2028 – Global Analysis By Component (Flight Control Surfaces, Wings, Fuselage, Nose, Nacelle & Pylon, Empennage and Other Components), Material (Alloys, Composite, Metals and Other Materials), Platform, End User and By G

Aerostructures Market Forecasts to 2028 – Global Analysis By Component (Flight Control Surfaces, Wings, Fuselage, Nose, Nacelle & Pylon, Empennage and Other Components), Material (Alloys, Composite, Metals and Other Materials), Platform, End User and By Geography

According to Stratistics MRC, the Global Aerostructures Market is accounted for $54.22 billion in 2022 and is expected to reach $95.33 billion by 2028 growing at a CAGR of 9.86% during the forecast period. Aerostructures are components of aircraft’s airframes. They are separately manufactured components of aircraft’s airframes. These components help the aircraft to fly and stand in changing aerodynamic forces. They are specially designed to withstand extreme weather conditions and structural fatigue caused due to extreme loading cycles or due to bird strikes. It includes fuselage, wings, nose, nacelle, pylon and flight control surfaces. Aerostructures are a vital component in a wide range of aircraft; from helicopters, advanced fighter aircraft to business jets and passenger planes.

According to University of Sheffield Advanced Manufacturing Research Centre (UK), its composites researchers on the MASTRO project are currently working to develop self responsive aerospace composites to reduce greenhouse gas emissions and production costs in aviation sector.

Market Dynamics:

Driver:

Increasing aircraft passengers

Passengers are mainly opting for air travelling compared to other modes of transportation due to increased comfort and the ability to travel long distances in short duration of time. This raised the manufacturing of airlines components. New materials are designed and developed to lower the weight of the aircraft thereby reducing the fuel consumption and minimizing carbon emissions and thus propelling the growth of the market.

Restraint:

Disposal of composite materials

Composite materials used to construct aircraft components. These materials are hard to recycle and create alloy contamination. The manufacturers are facing challenges with material recycling. The market is facing concerns regarding the budget and disposing of the composite materials which are hampering the growth of the market.

Opportunity:

Rising disposable income of individuals

Rising disposable income among individuals in emerging economies has led to an increase in air travel passenger volumes, which in turn, has been boosting deployment of commercial aircraft to expand fleets and cater to rising demand. Consumers are opting for easy and short time travelling with advanced technology. Comfort and safety are the main features that are fuelling the market growth.

Threat:

Strict environmental policies

The government is imposing stricter environmental policies and legislations. This has increased the restrictions widely as the aircraft emit gases and affects the atmosphere. This made the manufacturers raise the prices as they are producing fuel efficient aircrafts. The costs for landfill disposal also rose for the transition to the circular economy. All these factors thus hampering the market growth.

Covid-19 Impact

The covid pandemic has created a massive impact in the aerospace and defence sectors. The government totally stopped the airline transport which declined the aircraft deliveries drastically. The deliveries declined to less than half to the initially planned. The aircraft industry faced huge losses. In the post pandemic, once the transportation started, the aircraft industry market started manufacturing the products. Aerostructures demand raised and gaining back all its revenue and customers.

The fuselage segment is expected to be the largest during the forecast period

The fuselage segment is estimated to have a lucrative growth, due to its stability. The aircrafts agility and stability are ensured by the fuselage. It is the primary component in aircraft. It accommodates personnel, travellers or freight. It controls and stabilizes the surface in relation to lifting surfaces. Increasing need of new aircrafts, new designs and adoption of composites are fuelling the fuselage market.

The composites segment is expected to have the highest CAGR during the forecast period

The composites segment is anticipated to witness the fastest CAGR growth during the forecast period, due to weight reduction. They are employed for both structural and component applications in aircraft, spacecraft, combat jets, commercial airlines and space shuttle. The next generation materials consists high performance designing, affordable prices, minimal weight and temperature resistance. All these features are propelling the market growth.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the robust presence of major aerostructure manufacturers. The growing number of aircraft orders and deliveries, increasing demand for commercial and military aircraft and rapid growth of aerospace and defense sector in the countries of this region bought a lucrative growth in the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing defense and military budgets. This region has the advanced military aircraft. There is an increasing need for commercial aircraft due to expanding volumes of individuals opting for air travel. This region is facing a steady progress in the aerospace industry as well as military sector which is witnessing huge growth in the aerostructure market.

Key players in the market

Some of the key players profiled in the Aerostructures Market include Saab AB, Bombardier Inc, Spirit Aerosystems Inc, Ruag Group, Elbit Systems Ltd, AAR Corporation, Cyient Ltd, Stelia Aerospace Group, GKN Aerospace, Leonardo SpA, Triumph Group Inc, Aernnova Aerospace S.A, UTC Aerospace Systems, Airbus SE, DuPont de Nemours, The Boeing Company, FACC AG, Aviation Industry Corporation of China Ltd

Key Developments:

In May 2022, Aernnova engages with lilium to design and build the lilium jet’s propulsion mounting system. They will work together on the design, manufacture, and supply of the Lilium Jet’s flap structure. The integrated system will feature a complex and unique design and serve multiple functions and be modular and scalable.

In January 2022, Airbus officially announced the establishment of Airbus Atlantic, a global player in the aero structures field. Airbus Atlantic will be an essential element in the group’s value chain and will play a key role with regard to the aerostructure supply chain, with more than 500 direct suppliers (flying products) and more than 2,000 indirect suppliers (general procurement products).

Components Covered:
• Flight Control Surfaces
• Wings
• Fuselage
• Nose
• Nacelle & Pylon
• Empennage
• Other Components

Materials Covered:
• Alloys
• Composite
• Metals
• Other Materials

Platforms Covered:
• Rotary Wing
• Fixed Wing
• Other Platforms

End Users Covered:
• Aftermarket
• OEM
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements