The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

 

The aerospace industry is witnessing a remarkable ascent, with the aerostructures market at the forefront of this upward trajectory. Let’s explore the key factors propelling its growth and the trends shaping the future of this dynamic market.

 

 

 

**1. Impressive Growth Trajectory

The global aerostructures market has exhibited robust growth, surging from $49.52 billion in 2022 to $51.55 billion in 2023, boasting a commendable Compound Annual Growth Rate (CAGR) of 4.1%. The growth story doesn’t stop there; forecasts predict that the market will reach a size of $63.54 billion by 2027, with a projected CAGR of 5.4%.

 

 

 

**2. Commercial Aircraft Production Surge Driving Demand

The surge in commercial aircraft production emerges as a key driver propelling the growth of the aerostructures market. Commercial aircraft, the backbone of scheduled passenger and freight transportation, play a pivotal role in this surge. Notably, Airbus SE, a major player in commercial aircraft manufacturing, delivered a staggering 611 aircraft to 88 customers in 2021, doubling its gross order intake from the previous year. This surge in production is expected to significantly boost the utilization of aerostructures.

 

 

 

**3. Majors Players Shaping the Landscape

In the realm of aerostructures, major players wield significant influence. Companies such as Spirit AeroSystems, Triumph Group Inc., and Airbus are at the forefront. Their expertise spans various components, including fuselage, empennage, flight control surfaces, wings, nose, nacelle and pylon, doors, and skid.

 

 

 

**4. Embracing Innovation: 3D Printing Revolution

One of the key trends revolutionizing the aerostructures market is the increasing adoption of 3D printing technology. This innovative manufacturing approach significantly reduces production time while enhancing product quality and performance. Airbus, for instance, launched two Eurostar Neo spacecrafts in February 2021, featuring 500 3D-manufactured radio frequency components. This not only showcases technological prowess but also emphasizes the environmental benefits, reducing material consumption and waste generation.

 

 

 

**5. Segmentation: Navigating the Diverse Landscape

To comprehend the intricate dynamics of the aerostructures market, segmentation is essential. The market is categorized based on component, material, platform, and end use:

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

 

 

**6. Regional Dynamics: North America Takes the Lead

In 2022, North America emerged as the largest region in the aerostructures market. The region is not just a leader; it is expected to be the fastest-growing during the forecast period. As the aerospace industry undergoes transformative changes, North America continues to play a central role in steering the growth of the aerostructures market.

 

 

 

View More On The Aerostructures Market Report 2023 – https://www.thebusinessresearchcompany.com/report/aerostructures-global-market-report

 

 

 

RequestA Sample Of The Global Aerostructures Market Report 2023:

https://www.thebusinessresearchcompany.com/sample_request?id=7110&type=smp

 

 

 

The Aerostructures Global Market Report 2023 provides comprehensive insights on the aerostructures market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the aerostructures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

 

 

View More Related Reports –

Aerospace Tapes Global Market Report 2023

Aerospace Fasteners Global Market Report 2023

Aerospace Composites Global Market Report 2023

 

 

 

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

 

 

 

Contact us at:

The Business Research Company:https://www.thebusinessresearchcompany.com/

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Email us at info@tbrc.info

 

 

Follow us on:

LinkedIn:https://in.linkedin.com/company/the-business-research-company

YouTube:https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model:https://www.thebusinessresearchcompany.com/global-market-model