Aerostructures Market 2025 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: AD250131 | Research Suite: Report (PDF) & Market Data (Excel)
The global aerostructures market is valued to be USD 66.5
billion in 2024, and a CAGR of 6.7% is expected during the forecast period.
Increasing aircraft modernization programs are driving growth significantly in
the market. Increasing demand for advanced aircraft technologies is driving
growth in the market. New product launches and contracts are offering lucrative
opportunities for market growth.
Preference for efficient and sustainable aerostructures is driving growth in the market significantly. High demand for unmanned aerial vehicles is driving the market towards significant growth. Increasing demand for commercial aircraft is lifting the market towards significant growth. Significant contributions by the key players in the market are spurring the growth significantly. Continuous innovation in material, science, and manufacturing processes are driving growth in the market. Lucrative offers provided by airlines is one key factor behind the significant growth.
Growth
Drivers
Rising demand for commercial and military aircraft, driven by air travel growth and defense modernization programs, is boosting the need for aerostructures. Countries like the U.S., China, and India are expanding their fleets and spurring the market growth significantly. These materials enhance performance while reducing operational costs. Defense budgets worldwide are increasing, leading to higher production of military aircraft, drones, and helicopters, which are driving market growth.
Aerostructures for unmanned
aerial vehicles are particularly gaining traction due to their role in reconnaissance
and combat. Innovations in manufacturing processes, such as additive
manufacturing, automation, and advanced machining, are reducing production
times and costs significantly. Rising middle class population in the most part
of the world is contributing significantly towards the market growth.
Continuous innovations in material, science, and
manufacturing processes are driving growth in the market significantly. A Substantial increase in defense budgets
globally is driving growth in the market. Trends toward outsourcing
aerostructure manufacturing to third-party specialists is gaining importance
among aircrafts OEM.
Segmentation
By
End-User
·
OEM
·
Aftermarket
By
Material
·
Composites
·
Alloys and Superalloys
·
Metals
By
Aircraft Type
·
Commercial Aviation
·
Business and General Aviation
·
Military Aviation
·
Unmanned Aerial Vehicles
·
Advanced Air Mobility
By
Components
·
Noses
·
Wings
·
Nacelles and Pylons
·
Doors and Skids
·
Fuselages
·
Empennages
·
Flight control surfaces
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Middle East and Africa
·
Europe
Aerostructures
Market by End-User
On the basis of the End-User, The Aerostructures Market is segmented into OEM, and Aftermarket. Due to increasing need for maintenance, repair, and overhaul The Aftermarket segment is the leading one driven by global aging global aircraft fleet. Airlines often invests in aftermarket services to incorporate upgrades, modifications, and retrofitting of aerostructures allowing for the integration of new technologies, and performance features.
OEM is expected to dominate the market during the
forecast period, due to increasing demand for new aircraft amidst a sharp rise
in global passenger traffic. Advances in technology, and the push for more
fuel-efficient and environment friendly aircraft designs are compelling OEMs to
innovate and refine their aerostructure components.
The expansion of emerging markets, and the need for fleet
modernization in developed regions are acting as critical growth drivers.
Continuous innovation in material, science, and manufacturing is driving growth
in the market.
Aerostructures
Market by Material Segmentation
On the basis of the material, the aerostructures market is
segmented into composites, alloys and superalloys, and metals. Alloys and
superalloys currently lead the market due to their exceptional ability to
withstand high temperatures, making them ideal for engine components and
high-stress applications. Their inherent resistance to oxidation and corrosion
extends component life span. These materials are extensively utilized in
manufacturing engine components.
The composite segment, on the other hand, is experiencing
significant growth during the forecast period. Due to their high
strength-to-weight ratio, which contributes to overall aircraft weight
reduction and improved fuel efficiency. Superior strength and durability
enhance performance and extend the lifespan of aerostructures. Composites offer
excellent fatigue resistance, making them suitable for aerostructure components
subjected to regular stress. Due to the high temperature, and resilience
composites are gaining traction. Rising demand for commercial and military
aircraft is driving growth in the market.
Regional
Outlook
On the basis of the regions, the aerostructures market is
segmented into Asia Pacific, North America, Latin America, the Middle East and
Africa, and Europe. North America is the leading region in the aerostructures
market due to the presence of major aircraft manufacturers like Boeing,
Lockheed Martin, and Northrop Grumman, as well as an established aerospace
supply chain. The U.S. government has significant defense budgets, which fund
military aircraft production R&D. North America leads in integrating
advanced materials like composites and alloys into aerostructures. Region has a
mature aerospace ecosystem, including suppliers, engineering firms, and
maintenance providers. Increasing demand for air travel in the region is
driving growth significantly in the market.
Asia Pacific region is another leading market due to increasing middle class population, and urbanization in countries like China, and India. Governments in the region particularly in China, and India, are investing heavily in developing indigenous aerospace capabilities. Region is becoming a hub for MRO services, supporting aerostructures. Increasing industrialization in the region is driving growth in the market. Europe holds a significant position in aerostructures market.
Europe is home to aerospace giants like
Airbus, Dassault Aviation, and Leonardo, which dominate the production of
commercial, military, and business aircraft. Airbus particularly leads the
production of commercial aircraft, making Europe a crucial market for
aerostructures. Europe is at the forefront of using advance materials like
carbon fiber composites and lightweight alloys, reducing aircraft weight and
improving fuel efficiency. Programs like Clean Sky and Horizon Europe aim to
promote innovation in aerospace and reduce the environmental impact. Europe has
a robust export market for aerostructures, supplying components to North
America.
Push for greener aviation solutions is driving investment in next generation aerostructures, such as lightweight designs for electric and hybrid aircraft. Due to supply-chain fragmentation, and cost-pressure, along with strict environment and safety regulations add to development costs, and time.
Key
Players
·
Boeing
·
RUAG Holding AG
·
Elbit Systems Ltd.
·
Spirit AeroSystems Inc.
·
GKN plc
·
Saab AB
·
Leonardo S.P.A
·
Raytheon Technologies Corporation
·
FACC AG
·
GKN plc
·
Leonardo S.p.A.
· Other Players