The Aircraft Aerostructures Market to reach US$ 82.9 billion in 2024

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aircraft Aerostructures Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Aircraft Aerostructures Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.

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The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
Application Type Fuselage, Wing, etc.
Material Type Metal & Composite Aerostructures
Aircraft Type Narrow-Body aircraft, military aircraft etc.
Sales Channel Type OEMs, Tier-I and Tier-II
by Region North America, Europe, Asia-Pacific, and RoW

The Growth Prognosis & its Drivers
As per Stratview Research, the global aircraft aerostructures market is projected to grow at a healthy rate over the next five years to reach US$ 82.9 billion in 2024. Increasing commercial and regional aircraft deliveries, increasing production rates of the next-generation aircraft (B787 and A350XWB) programs, increasing penetration of composites in aircraft structures, and advancements in the technologies are some major factors that are underpinning the growth of the aircraft aerostructures market.

The Hegemony of Tesla inc.
The key aerostructure manufacturing companies are Spirit AeroSystems Inc., GKN PLC, UTC Aerospace Systems, Premium Aerotech GmbH, Triumph Group, Mitsubishi Aircraft Corporation, STELIA Aerospace S.A.S., Safran SA, Leonardo SPA, Kawasaki Heavy Industries Ltd, FACC AG, Korean Aerospace Industries, Ltd., and Subaru Corporation.

Table Of Contents: https://www.stratviewresearch.com/toc/474/aircraft-aerostructures-market.html

The undisputed Dominance of the North America
Based on the region, North America is projected to remain the largest market during the forecast period, driven by the USA. The country is the hub of the aerospace industry with the presence of several tier players and aircraft OEMs. Asia-Pacific is likely to depict the highest growth during the forecast period. The region is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the upcoming commercial and regional aircraft, such as C919 and MRJ, and the opening of assembly plants in China by Boeing and Airbus, and the largest commercial aircraft fleet size.

Emerging Trends: Increasing production rates of the key programs such as B737 and A320 family
The market is segmented based on the aircraft type as narrow-body aircraft, wide-body aircraft, very large-body aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV.
Narrow-body aircraft is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs such as B737 and A320 family; market entry of new players such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for aerostructures in the narrow-body aircraft segment. Wide-body aircraft is likely to remain the second-largest segment during the forecast period and is expected to grow at an impressive rate during the forecast period.

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This release was published on openPR.