Aerostructures Market to Surpass $85.71 Billion by 2029 | Key Trends & Insights

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How Will the Aerostructures Market Grow by 2025 in Terms of Size and Growth?
The aerostructures market has seen significant expansion in the past few years. Its size is expected to increase from $60.06 billion in 2024 to $64.64 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth during the historical period include a surge in demand for commercial aircraft, expansion in the defense sector, an aging fleet of aircraft, an increase in space exploration, and a rise in the demand for air cargo.

What Are the Estimated Growth Rates for the Aerostructures Industry Through 2029?
Over the coming years, the aerostructures market size is predicted to showcase robust growth. It is projected to expand to $85.71 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. This growth during the forecast period is likely a result of factors such as emerging markets, modernization of airline fleets, regulatory standards, globalized markets, and a rise in air traffic and passengers. Key trends anticipated during the forecast period encompass digital twins and smart manufacturing, the incorporation of sensors and connectivity, modular and scalable designs, sustainability and environmentally friendly materials, along with 3D printing and additive manufacturing.

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What Are the Strategic Drivers Boosting Aerostructures Market Performance?
The escalation in the production of commercial aircraft is anticipated to accelerate the expansion of the aerostructures market in the forecasted period. Commercial aircraft, employed to transport passengers and cargo on a routine timetable across chosen airports, contribute largely to this predicted growth. The surge in commercial aircraft production will likely enhance the usage of aerostructures, an essential element in the construction and assembly of aircraft. For example, Airbus, a company based in the Netherlands that manufactures aircraft, reported in January 2024 that they had delivered 735 commercial aircraft in 2023, depicting an 11% surge compared to 2022. Therefore, this increase in commercial aircraft production is projected to enhance the demand for the aerostructures market during the forecast period.

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What Are the Segments in the Aerostructures Market?
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

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

What Are the Key Adoption Trends in the Aerostructures Market?
Leading businesses in the aerospace domain are reorganizing and broadening their activities to consolidate their market position and improve performance. For example, Airbus introduced Airbus Atlantic, its fully-owned offshoot, in January 2022, staking a claim as a dominant force in the aerostructures sector. This fresh subsidiary harnesses the skills, assets, and undertakings of critical Airbus locations in Nantes and Montoir-de-Bretagne, two notable sites in western France. Additionally, it integrates the international operations of Stelia Aerospace, an Airbus subsidiary based in France. This amalgamation enhances Airbus's standing in the aerostructures sector. The firm supervises more than 500 direct suppliers for flight-related commodities and over 2,000 indirect suppliers for generic procurement items.

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Which Companies Lead the Competitive Landscape of the Aerostructures Industry?
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

Where Are the Key Aerostructures Market Opportunities by Region?
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.

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