Aerostructures Market Size – By Platform (Commercial Aircraft, Military Aircraft, Business and General Aviation Aircraft and Advanced Air Mobility), By Component (Fuselages, Empennages, Nose, Wings, Flight Control Surfaces, Doors & SKIDs, and Nacelles & Pylons), By Material (Composites, Alloys and Metals), By End-user (OEM and Aftermarket), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 255
- CATEGORY
- Aerospace & Defense
Market Overview
The Aerostructures market report is predicted to develop at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2034, when global aerostructures market forecast size is projected to reach USD 122.75 Billion in 2034, based on an average growth pattern. The global aerostructures market revenue is estimated to reach a value of USD 65.37 Billion in 2024.
SOURCE: We Market Research
The global
aerostructures market is a critical component of the aerospace industry,
involving the design, development, and manufacturing of key structural
components for aircraft. These components include fuselage, wings, empennage
(tail), nacelles, and flight control surfaces, among others. The market is
driven by the increasing demand for lightweight, durable materials and the
growing global demand for both commercial and military aircraft. The global
aerostructures market is poised for steady growth, with strong demand across
both commercial and military aviation sectors. The shift toward lightweight,
fuel-efficient designs using advanced materials will continue to drive
innovation in the field, with regions like North America, Europe, and Asia
Pacific being major growth hubs.
Global Aerostructures Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 65.37 Billion |
|
Market
Forecast in 2034 |
USD 122.75 Billion |
|
CAGR % 2024-2034 |
6.8% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Platform, By
Component, By Material, By End-user and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Global Aerostructures Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Aerostructures market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Aerostructures Market Segmentation
Market- By Platform Analysis
By platform, the Aerostructures market share is categories into Commercial Aircraft, Military Aircraft, Business and General Aviation Aircraft and Advanced Air Mobility. Commercial aircraft dominate the market with the largest share, accounting for over 65% of the market in 2023. The commercial aircraft segment is expected to maintain its dominance, driven by growing air travel demand, fleet expansions, and rising orders from low-cost carriers. The rapid growth in passenger air travel, particularly in emerging markets like Asia-Pacific, is driving the demand for new commercial aircraft. Increasing urbanization, rising middle-class populations, and expanding airline fleets are major factors contributing to the high demand.
The
following segments are part of an in-depth analysis of the global Aerostructures
market:
|
Market Segments |
|
|
By Component |
·
Fuselages ·
Empennages ·
Nose ·
Wings ·
Flight Control Surfaces ·
Doors & SKIDs ·
Nacelles & Pylons |
|
By
Platform |
·
Commercial Aircraft ·
Military Aircraft ·
Business and General Aviation Aircraft ·
Advanced Air Mobility |
|
By Material |
·
Composites ·
Alloys ·
Metals |
|
By End-user |
·
OEM ·
Aftermarket |
Aerostructures Industry: Regional Analysis
North America Market Forecast
North America dominates the global market, accounting for around 40% of the market share in 2023. North America, particularly the United States, is home to major aircraft manufacturers like Boeing, Lockheed Martin, Northrop Grumman, and Raytheon Technologies. The region's strong aerospace industry drives demand for aerostructures, with a focus on advanced technologies and high-end materials. The U.S. has one of the largest defense budgets globally, with significant investments in military aircraft, drones, and next-generation fighter jets. This boosts the demand for advanced aerostructures for military applications. North America leads in adopting innovative manufacturing processes like additive manufacturing and automated assembly systems for aerostructures, strengthening its market position.
Europe Market Statistics
Europe is a
major player in the global aerospace market, led by Airbus, which has extensive
operations in countries like France, Germany, Spain, and the UK. The region
benefits from strong collaboration between governments and the private sector
to advance aerospace technologies. European aerospace manufacturers are at the
forefront of sustainable aviation initiatives, including the development of
lighter, fuel-efficient aircraft. This creates significant opportunities for
aerostructures made from composites and other advanced materials. Europe also
has a robust defense industry, with major defense contractors like BAE Systems,
Leonardo, and Dassault Aviation contributing to demand for military
aerostructures.
Asia Pacific Market Forecasts
Asia-Pacific is
witnessing rapid growth in air travel, particularly in China, India, and
Southeast Asia. This surge in passenger numbers is driving significant
investments in new aircraft, boosting the demand for aerostructures in the
region. Countries like China and Japan are expanding their domestic aerospace
industries, with companies such as COMAC (Commercial Aircraft Corporation of
China) and Mitsubishi Aircraft Corporation contributing to the region’s growing
aerostructures demand.
Latin America Market Statistics
Latin America
has a growing demand for regional aircraft, driven by increased air travel in
countries like Brazil, Mexico, and Colombia. This creates demand for
aerostructures in the regional jet and narrow-body aircraft segments. Brazil,
through companies like Embraer, plays
a significant role in the aerospace market, particularly in the production of
regional and business jets. This contributes to the demand for aerostructures,
though the region’s overall market size remains smaller.
Middle East & Africa Market Statistics
The Middle East
is a key aviation hub, with major airlines such as Emirates, Qatar Airways, and
Etihad operating large fleets of modern aircraft. The demand for aircraft in
the region drives the aerostructures market, particularly in the commercial
aviation segment. Countries like Saudi Arabia, UAE, and Israel are investing
heavily in defense, increasing the demand for military aircraft and UAVs, which
in turn fuels aerostructures demand in the defense sector.
The Global Aerostructures Market is dominated by a few
large companies, such as
·
Spirit AeroSystems
·
GKN Aerospace
·
Saab AB
·
Leonardo S.p.A.
·
Triumph Group, Inc.
·
Bombardier, Inc.
·
Elbit Systems
·
AAR Corporation
·
Stelia Aerospace
·
Aviation Industry Corporation of
China (AVIC)
·
Kawasaki Heavy Industries, Ltd.
·
RUAG Aerostructures
·
Collins Aerospace (Raytheon
Technologies)
·
Mitsubishi Heavy Industries
·
Others
1.
Global
Aerostructures Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Aerostructures Market
Scope and Market Estimation
1.2.1. Global Aerostructures Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Aerostructures Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Platform of Global Aerostructures
Market
1.3.2. Component of Global Aerostructures
Market
1.3.3. Material of Global Aerostructures
Market
1.3.4. End-user of Global Aerostructures
Market
1.3.5. Region of Global Aerostructures
Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
2.13. Analysis of Quality Control Standards and Guidelines in Aerostructures
Market
3.
Global Aerostructures Market Estimates & Historical Trend Analysis (2019 - 2023)
4.
Global Aerostructures Market Estimates & Forecast Trend Analysis, by
Platform
4.1. Global Aerostructures Market
Revenue (US$ Bn) Estimates and Forecasts, by Platform, 2019 - 2034
4.1.1. Commercial Aircraft
4.1.2. Military Aircraft
4.1.3. Business and General Aviation
Aircraft
4.1.4. Advanced Air Mobility
5.
Global Aerostructures Market Estimates & Forecast Trend Analysis, by
Component
5.1. Global Aerostructures Market
Revenue (US$ Bn) Estimates and Forecasts, by Component, 2019 - 2034
5.1.1. Fuselages
5.1.2. Empennages
5.1.3. Nose
5.1.4. Wings
5.1.5. Flight Control Surfaces
5.1.6. Doors & SKIDs
5.1.7. Nacelles & Pylons
6.
Global Aerostructures Market Estimates & Forecast Trend Analysis, by
Material
6.1. Global Aerostructures Market
Revenue (US$ Bn) Estimates and Forecasts, by Material, 2019 - 2034
6.1.1.Composites
6.1.2.Alloys
6.1.3.Metals
7.
Global Aerostructures Market Estimates & Forecast Trend Analysis, by
End-user
7.1. Global Aerostructures Market
Revenue (US$ Bn) Estimates and Forecasts, by End-user, 2019 - 2034
7.1.1.OEM
7.1.2.Aftermarket
8.
Global Aerostructures Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global Aerostructures Market
Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Aerostructures Market: Estimates & Forecast Trend Analysis
9.1.
North
America Aerostructures Market Assessments & Key Findings
9.1.1. North America Aerostructures
Market Introduction
9.1.2. North America Aerostructures
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Platform
9.1.2.2. By Component
9.1.2.3. By Material
9.1.2.4. By End-user
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Aerostructures
Market: Estimates & Forecast Trend
Analysis
10.1. Western Europe Aerostructures
Market Assessments & Key Findings
10.1.1. Western Europe Aerostructures
Market Introduction
10.1.2. Western Europe Aerostructures
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Platform
10.1.2.2. By Component
10.1.2.3. By Material
10.1.2.4. By End-user
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Aerostructures
Market: Estimates & Forecast Trend
Analysis
11.1. Eastern Europe Aerostructures
Market Assessments & Key Findings
11.1.1. Eastern Europe Aerostructures
Market Introduction
11.1.2. Eastern Europe Aerostructures
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Platform
11.1.2.2. By Component
11.1.2.3. By Material
11.1.2.4. By End-user
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Aerostructures
Market: Estimates & Forecast Trend
Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Aerostructures
Market Introduction
12.1.2. Asia Pacific Aerostructures
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Platform
12.1.2.2. By Component
12.1.2.3. By Material
12.1.2.4. By End-user
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Aerostructures
Market: Estimates & Forecast Trend
Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Aerostructures
Market Introduction
13.1.2. Middle
East & Africa Aerostructures
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Platform
13.1.2.2. By Component
13.1.2.3. By Material
13.1.2.4. By End-user
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Aerostructures Market: Estimates &
Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Aerostructures
Market Introduction
14.1.2. Latin America Aerostructures
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
14.1.2.1. By Platform
14.1.2.2. By Component
14.1.2.3. By Material
14.1.2.4. By End-user
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Aerostructures Market Product
Mapping
16.2. Global Aerostructures Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
16.3. Global Aerostructures Market Tier
Structure Analysis
16.4. Global Aerostructures Market
Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. Spirit AeroSystems
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
17.2. GKN Aerospace
(Melrose Industries)
17.3. Saab AB
17.4. Leonardo S.p.A.
17.5. Triumph Group, Inc.
17.6. Bombardier, Inc.
17.7. Elbit Systems
17.8. AAR Corporation
17.9. Stelia Aerospace
17.10. Aviation Industry
Corporation of China (AVIC)
17.11. Kawasaki Heavy
Industries, Ltd.
17.12. RUAG Aerostructures
17.13. Collins Aerospace
(Raytheon Technologies)
17.14. Mitsubishi Heavy
Industries
17.15. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Aerostructures Market in 2024?
Aerostructures Market was valued at USD 65.37 Billion in 2024.
What is the growth rate for the Aerostructures Market?
Aerostructures Market size will increase at approximate CAGR of 6.8% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Spirit AeroSystems, GKN Aerospace (Melrose Industries), Saab AB, Leonardo S.p.A., Triumph Group, Inc., Bombardier, Inc., Elbit Systems, AAR Corporation, Stelia Aerospace, Aviation Industry Corporation of China (AVIC), Kawasaki Heavy Industries, Ltd. and others.
Which region dominates the Aerostructures Market?
North America dominates the market with an active share of 40%.
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