Global Aerostructure Market is expected to witness 6% CAGR During 2019 – 2025
Posted On January 05, 2019
A recently published report by Value Market Research on the Global Aerostructure Market covers all the latest details which will help to understand the exact market scenario and also forecast the future aspects of the market. The studies depict that the global aerostructures market was valued USD 61 BN (by revenue) in 2018 and is anticipated to reach USD 92.6 BN by 2025 with a CAGR of 6%.The report covers all the key market statistics based on the latest developments and research by industry experts.
The segmentation part includes component, material, end-use, platform, and region. Components comprise of fuselage, empennage, flight control surfaces, wings, nose, nacelle and pylon. The fuselage is dominating the segment owing to the rising demand for lightweight aircraft component and increasing fuel-efficiency of the aircraft. On the basis of material, the market is classified into composites, alloys & super alloys and metals. The alloy is a dominating segment owing to the rising need for reducing fuel consumption and enhanced efficiency. On the basis of end-use, the market is bifurcated into OEM and aftermarket. OEM is dominating the segment owing to the advantages associated such as it is more reliable, efficient, safer alternative over third-party products. On the basis of the platform, the market is classified into fixed wing aircraft and rotary wing aircraft. Fixed wing aircraft are accounted for the highest market share owing to its excellent properties such as long range, strong, and comparatively inexpensive is raising its demand across the aerospace industry.
The report "Global Aerostructures Market Report By Component (Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle and Pylon), Material (Composites, Alloys & Super Alloys And Metals), End-Use (OEM And Aftermarket), Platform (Fixed Wings And Rotary Wings) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" offers exhaustive information about new products, untapped geographies and all the recent developments undertaken.
An aerostructure can be referred to the structural component of an aircraft's airframe, which contains all or part of the fuselage, wings and flight control surfaces. These structures help an aircraft to withstand the aerodynamic forces during flight and enable aircraft to fly.
The global aerostructures market is projected to show robust growth in the years to come owing to the increasing commercial aircraft deliveries, the rise in adoption of composite aerostructures, and growth in the demand for outsourced aerostructure manufacturing. The market is expected to experience lucrative opportunities in the near future owing to the rising adoption of 3D printing for aerostructure manufacturing. On the other hand, issues associated with composite materials such as material recycling is supposed to hinder the market growth over the forecast period.
The geographical analysis covers top-five regions - North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is accounted for the highest share in the global aerostructure market owing to the increased investment in the development of aviation aircraft.
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The Report Segments Global Aerostructure Market -
Flight Control Surfaces
Nacelle and Pylon
Alloys & Super Alloys
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