Press release
Rapid Growth In Commercial Aircraft Production Drives The Aerostructures Market Driver: A Major Catalyst in the Evolution of the Aerostructures Market in 2025
Aerostructures Market Size
The aerostructures market is set to see significant growth due to the expected rise in commercial aircraft production. Commercial airlines, which are used for transporting passengers and cargo on a scheduled route between specific airports, rely heavily on aerostructures which are integral parts of aircraft production and assembly. For example, Airbus, a Netherlands-based company dealing in aircraft manufacturing reported in January 2024 that they had delivered 735 commercial planes in 2023. This marked an increase of 11% from the previous year. As such, the escalating production of commercial aircrafts is projected to drive the demand for the aerostructures market in the coming years.
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How will the growth rate of the aerostructures market shape industry trends by 2034?
In recent years, there has been substantial growth in the size of the aerostructures market. Expectations are that it will expand from a value of $60.06 billion in 2024 to $65.07 billion in 2025, marking a compound annual growth rate (CAGR) of 8.3%. Factors that drove growth during the historic period include a surge in demand for commercial aircraft, an expanding defense sector, an aging aircraft fleet, advancements in space exploration, and a heightened need for air cargo.
Over the forthcoming years, the aerostructures market is projected to experience significant expansion, with an estimated valuation of $87.99 billion by 2029 and a Compound Annual Growth Rate (CAGR) of 7.8%. The anticipated growth during this period can be linked to factors such as emerging markets, airline fleet modernization, regulatory standards, market globalization, and an increase in air traffic and passengers. The forecast period also features underlying trends such as the use of digital twins and smart manufacturing, integration of sensors and connectivity, adoptability of modular and scalable design, emphasis on sustainability and eco-friendly materials, and utilization of 3D printing and additive manufacturing.
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What trends are poised to drive the future success of the aerostructures market?
Prominent businesses in the aviation industry are making strides to consolidate and widen their operations, bolstering their standing in the market whilst increasing efficiency. For instance, Airbus, in January 2022, revealed Airbus Atlantic, a wholly-owned subsidiary, as it carves out a significant role for itself in the aerostructures sector. This fresh outfit unifies the skills, assets, and ventures of essential Airbus sites in Nantes and Montoir-de-Bretagne, both consequential sites in the western part of France. Furthermore, it amalgamates the international operations of Stelia Aerospace, an Airbus subsidiary and French aerospace firm, amalgamating these capabilities to fortify its position in the aerostructures sector. The company supervises a supply chain that includes upwards of 500 primary suppliers for airborne products and over 2,000 secondary suppliers for usual procurement products.
Which primary segments of the aerostructures market are driving growth and industry transformations?
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, After market
Subsegments:
1) By Fuselage: Forward Fuselage, Mid Fuselage, Aft Fuselage
2) By Empennage: Horizontal Stabilizer, Vertical Stabilizer, Rudder and Elevator Assemblies
3) By Flight Control Surfaces: Ailerons, Flaps, Slats, Spoilers
4) By Wings: Wing Structure, Wing Tips, Wing Box
5) By Nose: Nose Cone, Cockpit Canopy, Radar Dome
6) By Nacelle and Pylon: Engine Nacelle, Pylon Assembly
7) By Doors and Skid: Passenger Doors, Cargo Doors, Emergency Exits, Landing Gear Skids
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Which geographical regions are pioneering growth in the aerostructures market?
North America was the largest region in the aerostructures market in 2024, 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.
Who are the influential players reshaping the aerostructures market landscape?
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
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What Is Covered In The Aerostructures Global Market Report?
•Market Size Forecast: Examine the aerostructures market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aerostructures market for a structured understanding.
•Key Players Overview: Analyze major players in the aerostructures market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aerostructures market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aerostructures market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aerostructures market.
•Industry Challenges: Identify potential risks and obstacles affecting the aerostructures market.
•Competitive Landscape: Review strategic developments in the aerostructures market, including expansions, agreements, and new product launches.
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