Global NEWS: The Aerostructures market is projected to grow from USD 52.17 Billion in 2016 to USD 75.97 Billion by 2022, at a CAGR of 6.47% during the forecast period
Discount on Report:
Browse 94 market data tables and 87
figures spread through 179 pages and in-depth TOC on "Aerostructures Market by Component
(Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle &
Pylon), Material (Composite, Alloys, Metals), End-Use (OEM, Aftermarket),
Platform (Fixed & Rotary Wing), and Region - Global Forecast to 2022"
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Factors such as increase in outsourcing of
aerostructure manufacturing by OEMs to tier 1 and tier 2 suppliers and rise in
adoption of composite aerostructures by the general and commercial aviation
sectors are driving the growth of the aerostructures market.
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Based
on material, the composites segment is projected to grow at the highest CAGR
during the forecast period
Based
on material, the composites segment of the aerostructures market is anticipated
to grow at the highest CAGR from 2016 to 2022, owing to the increasing demand
for composite aerostructures. The use of composites helps reduce the weight of
the aircraft and improves fuel efficiency.
Based
on component, the fuselage segment is expected to lead the aerostructures market
during the forecast period
Among
all components, the fuselage segment is projected to lead the aerostructures
market from 2016 to 2022. Increase in aircraft deliveries is one of the most
significant factors contributing to the growing demand for fuselage in the
aerostructures market.
Based
on end-use, the aftermarket segment is expected to grow at the highest CAGR
during the forecast period
Know more about the Global Market:
Based
on end-use, the aftermarket segment of the aerostructures market is projected
to witness the highest growth during the forecast period, owing to the rise in
aftermarket services offered by different manufacturers of aerostructures.
Based
on platform, the rotary wing segment is anticipated to grow at the highest CAGR
during the forecast period
Based
on platform, the rotary wing segment of the aerostructures market is projected
to grow at the highest CAGR from 2016 to 2022, owing to the increasing demand
for military and commercial rotary wing aircraft.
Asia-Pacific
is expected to be the fastest-growing market for aerostructures during the
forecast period
The
aerostructures market in the Asia-Pacific region is expected to grow at the
highest CAGR during the forecast period. The growth of this market is mainly
attributed to increase in outsourcing of aerostructure manufacturing to
aircraft component suppliers in this region, owing to low labor and production
costs. This has further driven exports of aerostructures in the Asia-Pacific
region, thereby contributing to the growth of the aerostructures market.
Press Release:
Major players operating in the
aerostructures market include UTC Aerospace Systems (U.S.), Leonardo S.p.A.
(Italy), and Triumph Group, Inc. (U.S.), among others.
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