Global Aerostructures Market Overview:
An aerostructure is a part of an aircraft's frame. This can include whole or part of the fuselage, wings, or flight control surfaces. Companies specializing in designing, constructing these components are referred to as "aerostructures manufacturers", although major aerospace firms with a very great extent of manufacturing line portfolio also build Aerostructures. With a universal testing machine, the mechanical properties of the individual's parts like fatigue, tensile, compression, the impact can be tested. These are manufactured in Civilian, Military, Research.
As per latest study released by AMA Research, the Global Aerostructures market is expected to see growth rate of 8.5%Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Aerospace and Defence Needs and Developments in Asia-Pacific Region, Low Risk and Highly Effective Innovations for Proper Money Expenditure and Electric Infusement in Aircraft for Less Fuel Usage and Saving In Fuel Costs
Market Growth Drivers:
Increasing Demand in UAV due to Border Conflicts and More demand and Adaptation for Composite Component
Challenges:
Outsourcing with Supply Chains and Existing and After Sales Service of Already Existing Aircraft
Restraints:
Hard Recycling For the Composite Material and Increasing Demand for Lightweight Airplanes with Less Fuel Consumption and Geographically Widespread Part Logistics
Opportunities:
Increase In Demand For Air Passengers In North America, Europe, Asia, And Pacific Regions and Major Advancements In Material Science And Critical Weather Withstanding Technologies
Competitive Landscape:
Companies try to invest in material sciences and get the composites or alloys where they can meet the new aircraft demands and cover the regional upsurge in passengers for flights. Due to tensions in countries, to meet the military air service aircraft demands for more protection. Better and lighter aircraft designs with more electrical and automation.
Some of the key players profiled in the report are Arconic (United States), Spirit AeroSystems (United States), Daher (SOCATA) (France), Airbus (Netherlands), amphenol (United States), Jamko Aerospace Inc.(United States), Griffon Aerospace(United States), Cyient LTD (India), RUAG International Holding AG (Switzerland), Elbiet systems Ltd. (Israel), Saab AB (Sweden), Stelia Aerospace Group(Sweden) and GKN Plc.(United Kingdon). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Aerostructures market by 2028. Considering Market by Components, the sub-segment i.e. Wings will boost the Aerostructures market. Considering Market by Platform, the sub-segment i.e. Fixed-wing Aircraft will boost the Aerostructures market. Considering Market by Material Type, the sub-segment i.e. Metals will boost the Aerostructures market.
Latest Market Insights:
In February 2022 Daher had announced the acquisition of Triumph Group's, metallic aerostructures production and assembly business. Daher's goal of signficantly expanding its North American activity across all divisions is aligned with this acquisition. This substantial deal allows the corporation to establish itself as a global leader in the aerospace industry. and In January 2022, GKN Aerospace signed a contract with Gulfstream for major worksharing, including G800 empennage, G800 floorboards, G800 fuselage panels, G400 rudder and G400 machined wing skins.
In January 2022 Airbus had announced the launch of Airbus Atlantic. The new company combines the strengths, resources, and skills of Airbus's sites in Nantes and Montoir-de-Bretagne, as well as the central functions associated with their activities and STELIA Aerospace sites worldwide. and In June 2022, Saab delivered the final parts of the five T-7A Red Hawk stern fuselage from its plant in Linkoping, Sweden to the Boeing manufacturing facility in St. Louis. Two test fuselages for static testing and fatigue testing were also provided by Saab as part of the program, as well as five EMD (Engineering and Manufacturing Development) aft fuselages.
What Can be Explored with the Aerostructures Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aerostructures Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aerostructures
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aerostructures market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aerostructures market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aerostructure Manufacturer, General Aviation Authorities, Government Bodies, Airlines and Air Logistics and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.