The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The aerostructures market has witnessed robust growth in recent years, and projections indicate a promising future. Let’s delve into the key drivers, major trends, and noteworthy developments shaping this dynamic industry.

Overview of Aerostructures Market Growth
The aerostructures market size has surged from $56.46 billion in 2023 to $61.31 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 8.6%. This growth can be attributed to several factors:

• Increased demand for commercial aircraft
• Growth in the defense sector
• Aging aircraft fleet
• Rise in space exploration
• Increased air cargo demand

Anticipated Growth and Influencing Factors
Looking ahead, the aerostructures market is expected to continue its upward trajectory, reaching $83.95 billion in 2028 at a CAGR of 8.2%. The forecasted growth is driven by emerging markets, airline fleet modernization, regulatory standards, market globalization, increasing air traffic, and passenger numbers.

Key Trends in the Forecast Period:

• Digital twins and smart manufacturing
• Integration of sensors and connectivity
• Modular and scalable design
• Sustainability and eco-friendly materials
• 3D printing and additive manufacturing

Aircraft Modernization Programs Fueling Growth

Increasing Aircraft Modernization Programs Drive Growth In The Aerostructures Market
Aircraft modernization programs play a pivotal role in propelling the aerostructures market. Modernizing aircraft involves upgrading components, systems, and technology to enhance performance, safety, efficiency, and capabilities. For example, the B-52 Radar Modernization Program by the US Air Force is a testament to the significance of aerostructures in achieving program goals.

Major Companies in the Aerostructures Market:

• Spirit AeroSystems
• Saab AB
• Triumph Group Inc.
• Leonardo SpA
• Airbus S.A.S.
• The Boeing Company
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• BAE Systems PLC
• Raytheon Technologies Corporation
• Safran S.A.
• Aero Vodochody AEROSPACE a.s.
• Singapore Technologies Engineering Ltd.
• Aviation Industry Corporation of China

View More On The Aerostructures Market Report 2024 – https://www.thebusinessresearchcompany.com/report/aerostructures-global-market-report

3D Printing Technology Revolutionizes Manufacturing

3D Printing Technology Revolutionizes The Aerostructures Market
The adoption of 3D printing technology is a prominent trend transforming the aerostructures market. This technology reduces production time, improves product quality, and is cost-effective. Airbus SE’s use of 3D printing in manufacturing Eurostar Neo spacecraft components exemplifies its potential benefits, including minimized material consumption and waste generation.

Strategic Expansion: Daher’s Acquisition

Strategic Expansion With Acquisition: Daher Expands Its North American Presence
In February 2022, Daher made a strategic move by acquiring the metallic aerostructures production and assembly business from Triumph Group, Inc. This acquisition aims to strengthen Daher’s position and production capacities in the North American region, particularly in manufacturing large, complex metallic structures such as wing and fuselage assemblies.

Market Segmentation: A Comprehensive Approach
The aerostructures market is segmented based on key components, materials, platforms, and end-use, providing a comprehensive understanding of its diverse landscape:

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

Regional Dominance: North America Leading the Way
In 2023, North America emerged as the largest region in the aerostructures market and is projected to maintain its position as the fastest-growing region during the forecast period. This dominance is indicative of the region’s substantial contributions to the industry’s overall growth.

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The Aerostructures Global Market Report 2024  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.

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