About Aerostructures
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.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 8.5% |
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. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aerostructures market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aerostructures market by , Application (OEM and Aftermarket) and Region.
On the basis of geography, the market of Aerostructures has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Wings will boost the Aerostructures market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Fixed-wing Aircraft will boost the Aerostructures market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Metals will boost the Aerostructures market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Market Leaders and their expansionary development strategies
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.
Key Target Audience
Aerostructure Manufacturer, General Aviation Authorities, Government Bodies, Airlines and Air Logistics and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.