Aircraft Maintenance | Aerostructures Market Anticipated To Witness High Growth In The Near Future

Los Angeles, CA, USA, September-25, 2019 /Aerospace -- 

Aerostructures Market

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. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022.

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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. Major drivers influencing the growth of the aerostructures market include 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.

The aerostructures market has been segmented on the basis of component, material, platform, end-use, and region. Based on component, the aerostructures market has been classified into fuselage, empennage, flight control surfaces, wings, nose, and nacelle and pylon, among others. The fuselage segment is expected to lead the aerostructures market from 2016 to 2022. The empennage segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing usage of composite materials in the development of empennage.

Based on material, the aerostructures market has been segmented into composites, alloys, and metals. The composites segment is expected to lead the aerostructures market, owing to the increasing demand for composite aerostructures.

On the basis of end-use, the aerostructures market has been segmented into Original Equipment Manufacturers (OEMs) and aftermarket. The aftermarket segment is projected to grow at the highest CAGR during the forecast period, owing to the increase in aftermarket services offered by different aerostructure manufacturers.

Based on platform, the market has been segmented into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment has been further classified into commercial, Unmanned Aerial Vehicles (UAVs), military, general, and others (that include gliders and microlights). Similarly, the rotary wing aircraft segment has been further subsegmented into commercial, military, and UAVs. The increase in demand for military and commercial rotary wing aircraft is expected to drive the growth of the rotary wing aircraft segment in the aerostructures market.

Based on region, the aerostructures market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Countries such as China, India, and Japan, among others are increasingly investing in the development of general aviation aircraft. The aerostructures market in Asia-Pacific is projected to grow at the highest CAGR from 2016 to 2022, due to rise in aircraft deliveries in this region.

Recyclability issues of composite materials are restraining the growth of the aerostructures market. Products offered by various companies in the aerostructures market have been listed in this report. The recent developments section of the report includes recent and significant developments made by various companies between 2012 and 2016. Major companies profiled in the report include UTC Aerospace Systems (U.S.), Leonardo S.p.A. (Italy), and Triumph Group, Inc. (U.S.), among others. Contracts accounted for a major share of all growth strategies adopted by leading players in the aerostructures market. This strategy enabled companies to strengthen their market share in the aerostructures market.

How Will Boeing 777 Interior Change In The Future Aviation Industry?

NY, USA, September-24, 2019 /Aerospace -- 

Aircraft Cabin Interiors Market

[319 Pages Report] The aircraft cabin interiors market is projected to grow from USD 27.0 billion in 2018 to USD 40.2 billion by 2025, at a CAGR of 5.87% from 2018 to 2025. The growth of the market can be attributed to the increasing number of new aircraft orders due to rise in air passenger traffic across the globe. Moreover, airlines are highly concerned about enhancing the customer experience and as such, are investing increasingly to upgrade the existing aircraft fleets, thereby leading to the growth of the aircraft cabin interiors market.

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By type, the in-flight entertainment & connectivity segment is projected to grow at the highest CAGR during the forecast period

Based on type, the aircraft cabin interiors market has been segmented into aircraft seating, in-flight entertainment & connectivity, cabin lighting, aircraft galley, aircraft lavatory, aircraft windows & windshields, aircraft overhead stowage bins, and aircraft interior panels. The aircraft seating segment is projected to lead the aircraft cabin interiors market during the forecast period while the in-flight entertainment & connectivity segment is projected to grow at the highest CAGR from 2018 to 2025.

By aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period

Based on aircraft type, the aircraft cabin interiors market has been segmented into narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, and business jets. The wide body aircraft segment is projected to grow at the highest CAGR from 2018 to 2025 due to the increasing number of new aircraft orders and rising demand for long-haul air travel, globally.

OEM segment is expected to lead the aircraft cabin interiors market during the forecast period

Based on end user, the aircraft cabin interiors market has been segmented into OEM, aftermarket, and MRO. The OEM segment is expected to lead the aircraft cabin interiors market during the forecast period. As the commercial aviation sector is growing significantly across the globe due to an exponential increase in air passenger traffic, the demand for new aircraft is increasing year on year. This rising demand for new aircraft is expected to drive the growth of the OEM segment of the market during the forecast period.

The North America region is expected to lead the aircraft cabin interior market from 2018 to 2025

The aircraft cabin interiors market has been studied for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The North American region is expected to lead the aircraft cabin interiors market in 2018. The US is a major market for aircraft cabin interiors in the region due to its flourished aviation industry. Moreover, major commercial aircraft manufacturers such as Boeing (US) and Bombardier (Canada) are based in the North American region, thereby leading to increased demand for products used in aircraft cabin interiors. The North American region is expected to continue leading the market during the forecast period as well.

The limited number of profitable airlines in emerging economies such as India, China, South Africa is one of the factors restraining the growth of the aircraft cabin interiors market. The major strategies undertaken by leading companies in this market include expansions & collaborations, new product launches, mergers & acquisitions, and contracts, partnerships & agreements. The competitive leadership mapping matrix compares various companies operating in the aircraft cabin interiors market. 

Major players in the aircraft cabin interiors market are Zodiac Aerospace (France), United Technologies Corporation (US), Astronics Corporation (US), Cobham plc (UK), Diehl Stiftung & Co. KG (Germany), Global Eagle Entertainment (US), Gogo (US), Honeywell International (US), Panasonic Avionics (US), and RECARO Aircraft Seating GmbH & Co. KG (Germany), among others.