Aerostructures Market Forecasted to Reach USD $85.71 Billion by 2029 at 7.3% CAGR
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How Does the Projected Market Size of the Aerostructures Market Compare to 2025 Levels?
The aerostructures market size has grown strongly in recent years. It will grow from $60.06 billion in 2024 to $64.64 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased demand for commercial aircraft, growth in the defense sector, aging aircraft fleet, rise in space exploration, increased air cargo demand.
The aerostructures market size is expected to see strong growth in the next few years. It will grow to $85.71 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to emerging markets, airline fleet modernization, regulatory standards, market globalization, increasing air traffic and passenger. Major trends in the forecast period include digital twins and smart manufacturing, integration of sensors and connectivity, modular and scalable design, sustainability and eco-friendly materials, 3D printing and additive manufacturing.
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What Are the Key Factors Contributing to Aerostructures Market Growth?
The increase in commercial aircraft production will propel the growth of the aerostructures market during the forecast period. Commercial aircraft are used to haul passengers and freight on a scheduled basis between selected airports. The rapid growth in commercial aircraft production is expected to boost the utilization of aerostructures, as they are a vital component in aircraft production and assembly. For instance, in January 2024, According to Airbus, a Netherland-based aircraft manufacturer published that in 2023, Airbus delivered 735 commercial aircraft, marking an 11% rise compared to 2022. Therefore, the increasing commercial aircraft production is expected to boost demand for the aerostructures market during the forecast period.
What Are the Core Segments Shaping the Aerostructures Market Landscape?
The aerostructures market covered in this report is segmented —
1) By Component: Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle and Pylon, Doors and Skid
2) By Material: Composites, Alloys and Super Alloys, Metals
3) By Platform: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs), Advanced Air Mobility
4) By End Use: OEM, Aftermarket
Subsegments:
1) By Fuselage: Forward Fuselage, Mid Fuselage, Aft Fuselage
2) By Empennage: Horizontal Stabilizer, Vertical Stabilizer, Rudder and Elevator Assemblies
3) By Flight Control Surfaces: Ailerons, Flaps, Slats, Spoilers
4) By Wings: Wing Structure, Wing Tips, Wing Box
5) By Nose: Nose Cone, Cockpit Canopy, Radar Dome
6) By Nacelle and Pylon: Engine Nacelle, Pylon Assembly
7) By Doors and Skid: Passenger Doors, Cargo Doors, Emergency Exits, Landing Gear Skids
What Are the Key Industry Trends Transforming the Aerostructures Market?
Major companies in the aerospace sector are restructuring and expanding their operations to strengthen their market presence and enhance efficiency. For instance, In January 2022, Airbus introduced Airbus Atlantic, a fully-owned subsidiary, positioning itself as a major player in the aerostructures industry. This new entity integrates the expertise, resources, and operations of Airbus’s key sites in Nantes and Montoir-de-Bretagne are two significant locations in western France. Additionally, it incorporates the global operations of Stelia Aerospace, a France-based aerospace company and subsidiary of Airbus bringing together these strengths to reinforce its position in the aerostructures industry. The company oversees a supply chain involving over 500 direct suppliers for flying products and more than 2,000 indirect suppliers for general procurement products.
Which Players Dominate the Aerostructures Market Landscape?
Major companies operating in the aerostructures market include Spirit AeroSystems, Saab AB, Triumph Group Inc., Leonardo SpA, Elbit Systems Ltd., Airbus S.A.S., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems plc, Raytheon Technologies Corporation, Safran S.A., Bombardier Inc., Embraer S.A., General Dynamics Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., GKN Aerospace Ltd., FACC AG, RUAG Group, Collins Aerospace Ltd., Dassault Aviation S.A., Meggitt PLC, RUAG International, RUAG Space, Premium AEROTEC GmbH, Belge de Constructions Aéronautiques SA, Aero Vodochody AEROSPACE a.s., Singapore Technologies Engineering Ltd., Aviation Industry Corporation of China
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What Are the Regional Insights for the Aerostructures Market Forecast?
North America was the largest region in the aerostructures market in 2024, and it is also expected to be the fastest-growing region in the aerostructures market share during the forecast period. The regions covered in the aerostructures market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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