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)

NOTE: Due to exhaustive nature of content, full ToC can't be uploaded. Please request Sample Pages to receive full table of content. 

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

Buy Report