Increasing adoption of composites boosts Global Commercial Aircraft Aerostructures Market

Market Overview:
The global commercial aircraft aerostructures market is set to grow at a CAGR of around 5% over the forecast period of 2020-2025.

The term aerostructures encompasses all the structural components of a cell. Aerostructures are necessary to withstand extreme conditions, ranging from prolonged exposure to extreme temperature variations, the impact of a foreign object, and structural fatigue from extreme load cycles. Any aerostructure is a set of several structural elements built primarily from one or all of the following materials: alloys, metals, and composites. The use of composites and other advanced materials in aerostructures has led to radical changes in aircraft design. Its inherent high strength-to-weight ratio resulted in significant weight savings, improving the fuel efficiency of the aircraft. Emerging technologies such as additive manufacturing and automated fiber placement (AFP) techniques improve the scope for integrating advanced materials into complex component designs, while reducing aircraft response time (TAT).

Recent Developments:
Spirit AeroSystems completed the acquisition of Bombardier's aerostructures and after-sales services business.

Market Drivers and Restraints:
An increase in commercial aircraft deliveries around the world is the main growth driver of the global commercial aircraft aerostructures market. With the rise of passenger flexibility in recent times, the commercial aviation industry is experiencing significant growth in the rate of commercial aircraft deployment, which is driving the growth of the global aircraft aerostructures market. However, problems related to composite materials, such as material recycling, are the main factor slowing the growth of the target market. The development and acceptance of composite materials for aircraft manufacturing also helps drive growth in the global commercial aircraft aerostructures market during the forecast period. One trend likely to have an impact on competitive market dynamics is the expected shift in aerostructure manufacturing from major players to OEMs.

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Report is segmented as:

By Component
• Wings
• Nose
• Fuselage
• Nacelle and Pylon
• Empennage
• Others

By Material
• Alloys
• Metal
• Composite

By Platform
• Fixed-wing aircraft
o Commercial Aircraft
o Military Aircraft
o Business Jets Aircraft
o General Aviation Aircraft
o UAV’s
• Rotary-wing aircraft
o Commercial & Civil Helicopters
o Military Helicopters
o UAV’s

By End-Use
• Aftermarket
• OEM

Geographical segmentation:
Based on the geography, the global commercial aircraft aerostructures market is divided into regions of the Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, North America is projected to remain the largest revenue share during the outlook period, driven by the USA.

Key market players:
The major aerostructure manufacturing organizations include 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.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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