Aerostructures Market Growth Drivers 2022, Industry Share Size, Global Demand, Emerging Trends, Opportunities, Key Players Strategies and SWOT Analysis 2030

Aerostructures Market size was $62767 Million in 2021, and is predicted to accumulate a valuation of $100647 million by 2030, recording a CAGR (Compound annual growth rate) of over 6.08% from 2022 to 2030.

Aerostructures are the parts of an aircraft's airframe that help it fly. The aerostructure consists of nacelles and pylons, doors, fuselage, empennage, and wings, among other things. Aluminum, steel, titanium, and composite materials are used to make the components. The sector is primarily expanding as a result of rising global demand for commercial and military aircraft. Passengers prefer air travel to other means of transportation because of the enhanced comfort and ability to travel great distances in a short amount of time, driving up demand for commercial aircraft.

The aerostructure includes components such as nacelles & pylons, doors, fuselage, empennage and wings. The components are manufactures from materials such as aluminum, steel, titanium and composite. The industry is primarily growing on account of the increasing demand for commercial & military aircraft across the world. Passengers are mainly opting for air travel compared to other modes of transportation due to increased comfort and the ability to travel long distances in a short duration of time, thereby propelling the demand for commercial aircraft.

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The structural components of an aircraft's body frame or airframe are known as aerostructures. Aerostructures help an aircraft endure aerodynamic forces during flight, and hence encompass all components that aid in the flight of an aircraft. Aerostructures on any aircraft body include propulsion systems, wings, flight control surfaces, fuselages, and empennage. Increased deliveries of new aircraft, as well as demand for spare components for older aircraft, are driving the global aerostructure industry.

Global Aerostructures Market- Segmental Analysis
Major Key Players:-
Airbus
SAAB
Triumph Group
Leonardo S.p.A.
GKN Aerospace Services Limited
SAFRAN
Arconic
Elbit Systems Ltd.
FACC AG
Kawasaki Heavy Industries, Ltd.
Collins Aerospace
Boeing
SONACA
ST Engineering
RUAG Group
Latécoère
IAI (ISRAEL AEROSPACE INDUSTRIES)
The NORDAM Group LLC
Aernnova Aerospace S.A.
Magellan Aerospace
Cyient
SABCA NV

By Component
• Wings
• Nose
• Fuselage
• Nacelle & Pylon
• Empennage
• Others
The wings segment is poised to garner significant returns over 2020-2030 owing to the increasing demand for the replacement of conventional metal wings with composite airplane wings.

By Material
• Alloys
• Metal
• Composite
The composite segment is anticipated to capture a substantial revenue share over the forecast timeframe. This is credited to the high flexibility, durability, and strength offered by Aerostructures built using composite materials.

By Platform
• Fixed-wing Aircraft
o Commercial Aircraft
o Military Aircraft
o Business Jets Aircrafts
o General Aviation Aircraft
o UAV's
• Rotary-wing aircraft
o Commercial & Civil & Helicopters
o Military Helicopters
o UAV's
The fixed-wing aircraft segment is slated to grow significantly by 2030 attributable to the escalating demand for military aircrafts to mitigate border disputes across numerous countries.

By End Use
• Aftermarket
• OEM

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Key Questions Answered in This Report:
1. How has the global Aerostructures market performed so far and how will it perform in the coming years?
2. What has been the impact of COVID-19 on the global Aerostructures market?
3. What are the key regional markets?
4. What is the breakup of the market based on the type?
5. What is the breakup of the market based on the product?
6. What is the breakup of the market based on the application?
7. What are the various stages in the value chain of the industry?
8. What are the key driving factors and challenges in the industry?
9. What is the structure of the global Aerostructures market and who are the key players?
10. What is the degree of competition in the industry?

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