Aerostructures Global Market Report 2024 by The Business Research Company | Spirit AeroSystems, Saab AB, Triumph Group Inc., Leonardo SpA, Elbit Systems Ltd., Airbus S.A.S., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation,

The aerostructures market size has grown strongly in recent years. It will grow from $56.46 billion in 2023 to $61.31 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased demand for commercial aircraft, growth in the defense sector, aging aircraft fleet, rise in space exploration, increased air cargo demand.

The aerostructures market size is expected to see strong growth in the next few years. It will grow to $83.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to emerging markets, airline fleet modernization, regulatory standards, market globalization, increasing air traffic and passenger. Major trends in the forecast period include digital twins and smart manufacturing, integration of sensors and connectivity, modular and scalable design, sustainability and eco-friendly materials, 3d printing and additive manufacturing.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=7110&type=smp

Aerostructures Market Major Segments
The aerostructures market covered in this report is segmented -

1) By Component: Fuselage, Empennage, Flight control surfaces, Wings, Nose, Nacelle and pylon, Doors and skid
2) By Material: Composites, Alloys and super alloys, Metals
3) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility
4) By End Use: OEM, Aftermarket

Key Driver - Rapid Growth In Commercial Aircraft Production Drives The Aerostructures Market

The increase in commercial aircraft production will propel the growth of the aerostructures market during the forecast period. Commercial aircraft are used to haul passengers and freight on a scheduled basis between selected airports. The rapid growth in commercial aircraft production is expected to boost the utilization of aerostructures, as they are a vital component in aircraft production and assembly. For instance, in 2021, Airbus SE, a Netherlands-based commercial aircraft manufacturer, delivered 611 commercial aircraft to 88 customers. Airbus doubled its gross order intake in 2021 compared to 2020 with 771 new sales. Therefore, the increasing commercial aircraft production is expected to boost demand for the aerostructures market during the forecast period.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=7110&type=smp

Prominent Trend - 3D Printing Technology Revolutionizes The Aerostructures Market

The increasing adoption of 3D printing technology is a key trend gaining popularity in the aerostructures market. The use of 3D printing technology in manufacturing lowers the production time and improves product quality and performance. 3D printing technology which is also known as additive manufacturing is the process of creating a three-dimensional object using computer-created design. Hence, manufacturing aerostructures using 3D printed technology will significantly reduce the amount of material consumed while ensuring a limited generation of waste, resulting in a cost-effective manufacturing process. For instance, in February 2021, Airbus SE, a France-based aerospace corporation operating in aerostructures market launched two Eurostar Neo spacecrafts, in which a total of 500 radio frequency (RF) components, composed of multi-waveguide blocks and switch assembly networks, have been 3D manufactured.

Aerostructures Market Players
Major companies operating in the aerostructures market include Spirit AeroSystems, Saab AB, Triumph Group Inc., Leonardo SpA, Elbit Systems Ltd., Airbus S.A.S., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems plc, Raytheon Technologies Corporation, Safran S.A., Bombardier Inc., Embraer S.A., General Dynamics Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., GKN Aerospace Ltd., FACC AG, RUAG Group, Collins Aerospace Ltd., Dassault Aviation S.A., Meggitt PLC, RUAG International, RUAG Space, Premium AEROTEC GmbH, Belge de Constructions Aéronautiques SA, Aero Vodochody AEROSPACE a.s., Singapore Technologies Engineering Ltd., Aviation Industry Corporation of China

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/aerostructures-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the aerostructures market in 2023, and it is also expected to be the fastest-growing region in the aerostructures market share during the forecast period. The regions covered in the aerostructures market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aerostructures Market Report Structure
3. Aerostructures Market Trends And Strategies
4. Aerostructures Market - Macro Economic Scenario
5. Aerostructures Market Size And Growth
…..
27. Aerostructures Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.