About Aerospace Aerostructure-
Aerospace Aerostructure also known as Aeronautics is a separately manufactured unit, components and section of an aircraft. This could apply to the entire fuselage, the wings, or the flight control surfaces. Aerostructure manufacturers are businesses that specialize in building these parts, while many bigger aerospace corporations with a more varied product line also produce aerostructures. A universal testing machine is used to do mechanical testing on the individual parts or the entire structure. Tensile, compression, flexure, fatigue, impact, and compression after impact are among the tests that were conducted.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Aerospace Aerostructure is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aerospace Aerostructure- 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.
Airbus (Netherlands), RUAG International Holding AG (Switzerland), GKN Aerospace (United Kingdom), Triumph Group, Inc. (United States), Saab AB (Sweden), Daher SOCATA (France), Collins Aerospace (United States), Elbit Systems Ltd. (Israel), Spirit AeroSystems Holdings, Inc (United States) and Raytheon Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Rohr, Inc. (United States), Aero Vodochody (Czech), Howmet Aerospace Inc. (United States), Safran Landing Systems (France), Bombardier Inc. (Canada) and PCC Aerostructures (United States).
Segmentation Overview
AMA Research has segmented the market of Global Aerospace Aerostructure- market by Type (Wings, Fuselage, Pylons, Flight control surfaces, Nacelles, Thrust reversers and Empennage), Application (Fixed Wing Aircraft, Rotorcraft, UAVs, Commercial Plane and Large Civil Aircraft) and Region.
On the basis of geography, the market of Aerospace Aerostructure- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Materials, the sub-segment i.e. Acoustic Low Drag Liners will boost the Aerospace Aerostructure- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Military will boost the Aerospace Aerostructure- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Uses of Artificial Intelligence and Advanced Robotics for Aerostructures
Market Growth Drivers:
Surge in Demand in Specialized Military Aircraft Manufacturing and Demand in Rotorcraft and Commercial Plane Manufacturing
Challenges:
High Cost Maintenance and Installation, Lack of Skilled labor for Aerospace Aerostructures Manufacturing and Fluctuation in the Price of Raw Materials
Restraints:
High Cost Investment Associated with Aerospace Aerostructures
Opportunities:
Continuous Growth in Military and Air Defense and Rapid Uses of AI and Innovation of Fifth Generation Technology
Market Leaders and their expansionary development strategies
On 2 February 2022 – Daher announced that it has entered into a definitive agreement with the Triumph Group, Inc. for the acquisition of its metallic aerostructures production and assembly business located in Stuart, Florida, USA.
On 4 January 2022, Airbus has officially launched its new subsidiary, Airbus Atlantic, a global player in the aerostructures field. The new company groups the strengths, resources and skills of Airbus’s sites in Nantes and Montoir-de-Bretagne, the central functions associated with their activities, as well as the STELIA Aerospace sites worldwide.
Key Target Audience
Aerospace Aerostructure Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.