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  • Aircraft Aerostructures Market Growth Analysis | 2019-2024

    Aircraft Aerostructures Market Growth Analysis | 2019-2024

    Aircraft Aerostructures Market Growth Analysis | 2019-2024
    Report code - SRAD199 Published On : Feb,2019 No. of Pages: 277
    Aircraft Aerostructures Market Size, Share, Trends, Dynamics, Forecast, & Growth Analy See more...

    Market Insights

    The aircraft aerostructures market is projected to grow at a healthy rate over the next five years to reach USD 82.9 billion in 2024.


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    Increasing commercial and regional aircraft deliveries, increasing production rates of the next-generation aircraft (B787 and A350XWB) programs, increasing penetration of composites in aircraft structures, and advancements in technologies are some major factors that are underpinning the growth of the market.

    Aerostructures are the most vital parts of an aircraft. The demand and growth of the aerostructures market are highly governed by commercial aircraft deliveries. Advancements in design, materials, and processes have assisted the industry to grow faster, meeting airlines’ needs. Aerostructure holds the largest share of more than 30% in the overall aircraft production value, followed by aero-engines, avionics, systems & electronics, and interiors. The growing wealth of emerging economies, which is triggering accessibility to air traffic, is a preeminent factor leading to a rise in passenger traffic or trips per capita across the globe. This, in turn, is leading to the demand for newer aircraft, which is pushing the global aerostructures market.

    A trend that will most probably be impacting the competitive dynamics of the market, is the expected shift in the manufacturing of aerostructures from tier players to OEMs. The year 2018 witnessed a large number of high-value M&A activities in the industry. Major tier players acquired other tier players intending to capture a larger chunk of the market. However, this led to the announcement made by Boeing and Airbus to increasingly backward-integrate themselves by making crucial components including aerostructures for their upcoming programs. Recent market consolidation at the tier-I level due to a large number of mergers & acquisitions among tier players has compelled both airframers to go back with their former strategy of making crucial parts in-house. This consolidation at the tier level may curtail the bargaining power of OEMs to some extent. Also, the major tier-I players generally enjoy higher margins than OEMs, which is another factor pushing OEMs to increasingly produce crucial aircraft parts in-house. Boeing’s move of making wings for its upcoming aircraft program B777x in-house is one of the major examples of such a shift that is taking place in the market.

    Aircraft Aerostructures Market Report Highlights

    Market Size in 2018

    USD XX billion

    Market Size in 2024

    USD 82.9 billion

    Market Growth (2019-2024)

    XX% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Segments' Analysis

    By Aircraft Type

    The market is segmented based on the aircraft type as narrow-body aircraft, wide-body aircraft, very large-body aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Narrow-body aircraft is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs such as B737 and A320 family; market entry of new players such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for aerostructures in the narrow-body aircraft segment. Wide-body aircraft is likely to remain the second-largest segment during the forecast period and is expected to grow at an impressive rate during the forecast period.

    By Material Type

    The market is segmented into metal aerostructures and composite aerostructures. Metal aerostructure is likely to remain the larger segment, whereas composite aerostructure is likely to witness higher growth over the next five years. Airliners are aggressively seeking lightweight composite parts/structures that can contribute to their goal of achieving higher fuel efficiency and reducing emissions. This has resulted in an increased demand for composite aerostructures. A350XWB and B787 are the growth engines for composite aerostructures. The fuselage and wings of the A350XWB and B787 programs are the major applications made of composites instead of metals, unlike other aircraft.

    By Application Type

    The market is segmented as fuselage, wings, empennages, nacelles & pylons, and others. The fuselage is projected to remain the largest application segment of the market during the forecast. The fuselage is the principal component of an aircraft as it covers the main body section of an aircraft. A typical narrow-body aircraft's fuselage has a length of about 33.6 meters and a height of about 4 meters. Wings are likely to experience the highest growth in the aircraft aerostructures market due to a gradual shift from metal to composite wings in modern aircraft models. The upcoming aircraft program B777x is an example of such a shift as it has composite wings instead of metal wings.

    Regional Insights

    North America is projected to remain the largest market during the forecast period, driven by the USA. The country is the hub of the aerospace industry with the presence of several tier players and aircraft OEMs. Asia-Pacific is likely to have the highest growth during the forecast period. The region is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the upcoming commercial and regional aircraft, such as C919 and MRJ, the opening of assembly plants in China by Boeing and Airbus, and the largest commercial aircraft fleet size.


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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The aircraft aerostructures market is segmented in the following ways.

    By Aircraft Type

    • Narrow-Body Aircraft
    • Wide-Body Aircraft
    • Very Large-Body
    • Regional Aircraft
    • General Aviation
    • Helicopter
    • Military Aircraft
    • UAV

     By Material Type

    • Metal Aerostructures
    • Composite Aerostructures

     By Application Type

    • Fuselage
    • Wings
    • Empennage
    • Nacelles & Pylons
    • Others

     By Sales Channel Type

    • OEMs
    • Tier-I Sales
    • Tier-II Sales

     By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)


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    Key Players

    The supply chain of this market comprises raw material suppliers, tier players, OEMs, distributors, and airlines.

    The key aerostructure manufacturing companies are-

    • Spirit AeroSystems Inc.
    • GKN PLC
    • UTC Aerospace Systems
    • Premium Aerotech GmbH
    • Triumph Group
    • Mitsubishi Aircraft Corporation
    • STELIA Aerospace S.A.S.
    • Safran SA
    • Leonardo SPA
    • Kawasaki Heavy Industries Ltd
    • FACC AG
    • Korean Aerospace Industries, Ltd.
    • Subaru Corporation.

    Development of lightweight structures, speeding up of production rates, mergers & acquisitions, and collaborations with OEMs for the joint development of aerostructures are some of the strategies adopted by the major players in order to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either a Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.

    More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report, from Stratview Research, studies the aircraft aerostructures market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024 with a high emphasis on accurate market data, insights, and competitive landscapes. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Aircraft Aerostructures Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The aircraft aerostructures market is projected to grow at a healthy rate over the next five years to reach USD 82.9 billion in 2024.

    Spirit AeroSystems Inc., GKN PLC, UTC Aerospace Systems, Premium Aerotech GmbH, Triumph Group, Mitsubishi Aircraft Corporation, STELIA Aerospace S.A.S., Safran SA, Leonardo SPA, Kawasaki Heavy Industries Ltd, FACC AG, Korean Aerospace Industries, Ltd., and Subaru Corporation. are among the key players in the market.

    North America is expected to remain the largest market during the forecast period of 2019-2024, driven by the USA. The country is the hub of the aerospace industry with the presence of several tier players and aircraft OEMs.

    Asia-pacific is expected to witness the highest growth in the market during the next five years.

    Narrow-body aircraft is expected to remain the largest aircraft type in the market in the coming years.

    Fuselage is expected to remain the largest application type in the market during the forecast period.


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