Press release
Aerostructure Market Report 2017 - Latest Growth, Current Trends and Forecast till 2025
The main objective of this report is to define, describe, and forecast the global “Aerostructure” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Aerostructures are the structural components of an aircraft’s body frame or airframe. Aerostructures help an aircraft to withstand the aerodynamic forces during flight, and thus includes all the components that helps an aircraft to fly. The propulsion systems, wings, flight control surfaces, fuselages, and empennage are some of the aerostructures present on any aircraft body. The global aerostructure market is driven by the increased deliveries of new aircrafts along with demand for spare parts for old aircrafts.
Market Dynamics: Global Aerostructure Market
The aerostructure market is primarily driven by increased deliveries of commercial aircraft across the globe. With the increase in passenger mobility over the past few years, the commercial aviation industry is witnessing significant growth in the deployment rate of commercial aircrafts, which is strongly driving and supporting the growth of the global aerostructure market. Moreover, it is observed that, the aircraft manufacturing industry is predominantly adopting the outsourcing methodology for the manufacturing of aerostructures on a large scale and at a rapid rate, thereby fuelling the growth of the global aerostructure market. In addition to these factors, the development and adoption of composite materials for aircraft manufacturing is also fueling the growth of the global aerostructure market and is further anticipated to drive the market during the forecast period. However, problems associated with composite materials such are material recycling, is anticipated to restrain the growth of the aerostructure market during the forecast period.
Market Segmentation: Global Aerostructure Market
The global aerostructure market has been segmented based on components, material, platform, end user, and region. Based on components, the market is further classified into empennage, nose, wings, fuselage, flight control surfaces, and pylon & nacelle. The material segment is further segmented into metals, alloys & super alloys, and composite materials. Based on platform, the market is divided into two sub segments on the basis of aircraft type namely: fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment is further bifurcated into general, military & defense, commercial, and unmanned aerial vehicles (UAV). The rotary wing aircraft segment is further divided into commercial, military & defense, and unmanned aerial vehicle (UAV). The end user segment is classified as original equipment manufacturers (OEMs) and aftermarket. The global aerostructure market based on geography is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Preliminary Analysis
North America is anticipated to contribute the largest market share toward the global aerostructure market due to presence of leading aerostructure manufacturers, for instance UTC Aerospace Systems and AAR Corp., in this region. Moreover, over the past few years, North America has witnessed increasing deliveries of aircraft in both commercial and defense applications, which is further expected to drive the aerostructure market in this region. Asia Pacific is anticipated to be the fastest growing market for aerostructure owing to growing demand for aircrafts in defense and general aviation applications due to the rapidly growing aerospace market in emerging economies such as India and China.
Prominent Market Players
Key players in the global aerostructure market includes Aar Corp., UTC Aerospace Systems, Bombardier Inc., Cyient Ltd., Elbit Systems Ltd., GKN Aerospace, Leonardo S.P.A., Mahindra Aerostructures Pvt. Ltd., Raug Group, Saab AB, Spirit Aerosystems, Inc., Stelia Aerospace Group., Triumph Group, Inc., and Taneja Aerospace & Aviation Ltd. In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies adopted by the leading players in the global market. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global aerostructure market over the period of study.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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The aviation structure is the body frame of an aircraft or the structural component of the airframe. Aircraft structure helps the aircraft withstand aerodynamic forces during flight, so it includes all the components that help the aircraft fly. The propulsion system, wings, flight control surfaces, fuselage and tailhead are some of the aviation structures present in the aircraft body.
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