Press release
Aerostructures Market Trend & Growth Projections to 2027 | Spirit AeroSystems, AAR Corporation, STELIA Aerospace Group, Mahindra Aerostructures Pvt. Ltd., Leonardo S.P.A., Elbit Systems Ltd
Aerostructures Market
According to Global Market Insights, Inc., the aerostructures market may surpass USD 55 billion by 2027. In terms of component, the empennage segment is likely to record a CAGR of around 3.5% credited to rising its demand generated by increasing commercial aircraft production. Empennage lends stability to the aircraft during flight. It is known as the tail assembly or the tail of the aircraft.
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The retrofit segment is likely to rise steadily on account of increasing maintenance work on aerostructures. Constant maintenance and repair of aerostructures focuses on meeting the strict standards put forth by the aerospace authorities in order to maintain healthy aircraft conditions and guarantee passenger safety.
The empennage segment is projected to record around 3.5% CAGR credited to its rising need in commercial aircraft production. Empennage offers stability to the aircrafts during flight and is also called as the tail assembly or the tail of the aircraft. Requirement for lightweight empennage is intensifying as to increasing focus of manufacturers on sustainability.
With respect to end-user, the retrofit section is expected to grow at a decent pace over the forecast period owing to surging maintenance work on aerostructures. The objective of constant repair and maintenance of aerostructures is to meet stringent standards set by aerospace authorities in order to ensure passenger safety and maintain healthy aircraft conditions. In 2021, key market player, Saab along with the Swedish Defense Material Administration announced the extension of a contract to offer maintenance and support services for Gripen, the company’s fighter aircraft.
The Europe aerostructures market is expected to hold around 30% share over the forecast period owing to high demand for business jets in the region. Europe is mainly focused on aviation manufacturers that develop fuel-efficient aircraft, hence complying with the stringent emission standards enforced throughout Europe.
A lot of firms operating in the aerostructures market are intensifying their efforts on new products and parts development. Companies such as Elbit Systems Ltd., Collins Aerospace, STELIA Aerospace Group, Mahindra Aerostructures Pvt. Ltd., Safran SA, Spirit AeroSystems, Saab AB, GKN plc., Leonardo S.P.A, Triumph Group, Inc., Cyient Ltd., and AAR Corporation are working on various business strategies including mergers & acquisitions, and new product development, among others. In 2020, Spirit AeroSystems announced the acquisition of selected assets of Bombardier aerostructures and aftermarket service businesses in Northern Ireland, U.S, and Morocco.
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Partial Chapter of the Table of Content
Chapter 4. Aerostructures Market, By Component
4.1. Global aerostructures market share by component, 2020 & 2027
4.2. Nacelles & Pylons
4.2.1. Global market estimates and forecasts, 2017 - 2027
4.2.2. Market estimates and forecast, by region, 2017 - 2027
4.3. Doors
4.3.1. Global market estimates and forecasts, 2017 - 2027
4.3.2. Market estimates and forecast, by region, 2017 – 2027
4.4. Fuselage
4.4.1. Global market estimates and forecasts, 2017 - 2027
4.4.2. Market estimates and forecast, by region, 2017 - 2027
4.5. Empennage
4.5.1. Global market estimates and forecasts, 2017 - 2027
4.5.2. Market estimates and forecast, by region, 2017 - 2027
4.6. Wings
4.6.1. Global market estimates and forecasts, 2017 - 2027
4.6.2. Market estimates and forecast, by region, 2017 - 2027
Chapter 5. Aerostructures Market, By Material
5.1. Global aerostructures market share by material, 2020 & 2027
5.2. Metal
5.2.1. Global market estimates and forecasts, 2017 - 2027
5.2.2. Market estimates and forecast, by region, 2017 - 2027
5.3. Composite
5.3.1. Global market estimates and forecasts, 2017 - 2027
5.3.2. Market estimates and forecast, by region, 2017 - 2027
5.4. Alloys
5.4.1. Global market estimates and forecasts, 2017 - 2027
5.4.2. Market estimates and forecast, by region, 2017 - 2027
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/aerostructures-market
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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