Aerostructures Market Analysis, Competitive Landscape, Future Trends, Industry Size And Regional Forecast To 2023

0
0

Key Players

The key players in the global aerostructures market are AAR Corp. (US), Bombardier Inc. (Canada), Cyient Ltd (India), Elbit Systems Ltd (Israel), GKN Aerospace (UK), Leonardo SpA (Italy), Ruag Group (Switzerland), Saab AB (Sweden), Spirit Aerosystems, Inc. (US), Stelia Aerospace Group (France), Triumph Group, Inc. (US), and UTC Aerospace Systems (US).

Market Highlights

Global Aerostructures Market is expected to witness phenomenal growth during the forecast period due to an increase in demand for aircraft to meet the growing air passenger traffic in North America, Europe, and Asia-Pacific. Moreover, improvements in aircraft design are expected to drive the growth of the global aerostructures market. Aerostructures are critical aspects of aircraft design subjected to extreme weather conditions that could cause structural fatigue. Furthermore, advancements in material sciences have enabled the use of composites in aerostructures, thereby, improving design and functionality.

The global aerostructures market has been segmented on the basis of component, material, platform, end use, and region.

Based on component, the market has been segmented into fuselage, empennage, flight control surfaces, wings, nose, nacelle and pylon, and others. The fuselage segment was the largest segment in 2018 and empennage segment is projected to be the fastest-growing during the review period. The use of composite materials in manufacturing aircraft empennage is expected to stimulate market growth. Furthermore, investments in design improvements of empennage are projected to drive market growth during the forecast period.

By material, the global aerostructures market has been classified as composite, alloys, and metals. The metals segment was the largest segment in 2018. The composite segment is estimated to be the fastest growing segment during the review period. The growth of the composite segment is attributed to various OEMs investing in the development of lightweight materials.

On the basis of end use, the global aerostructures market has been classified as OEMs and aftermarket. OEM segment was the largest segment in 2018. The aftermarket segment is expected to register the higher CAGR during the forecast period due to the low prices of aerostructure products offered by aftermarket players. Furthermore, aftermarket players provide services such as maintenance, repair, and replacement, which is expected to encourage the growth of the segment during the forecast period.

By platform, the global aerostructures market has been divided into rotor wing and fixed wing. The fixed wing aircraft segment was the larger segment in 2018 and is expected to be the fastest growing segment during the review period. The growth of fixed wing aircraft segment to the growing demand for UAVs in the military.

Based on region, the global aerostructures market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America was the largest regional segment in 2018 and is estimated to be the fastest-growing regional market during the forecast period. High passenger traffic in the region is expected to drive the market growth in North America.

Get Complete Report @ https://www.marketresearchfuture.com/reports/aerostructures-market-7766

 

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.