AEROSTRUCTURES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Name: Aerostructures Market Challenges and Opportunities
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Aerostructures Market Size, Aerostructures Market Share, Aerostructures Market Trends, Aerostructures Market Growth, Aerostructures Market Analysis, Aerostructures Market Forecast, Aerostructures Market Report, Aerostructures Industry Report

Aerostructures Market, By Component (Empennages, Flight Control Surfaces, Doors & Skids, Nacelles & Pylons, Others), By Platform (Commercial Aircraft, Military Aircraft, Business Aircraft, Advanced Air Mobility), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Dec 2024
Code : CMI7608
Pages :145
Formats :
Excel and PDF
Industry : Aerospace and Defense

The aerostructures market continues to grow driven by increasing aircraft deliveries worldwide. Growing passenger traffic is prompting airlines to expand their fleets which is increasing demand for aircraft components like fuselages and wings. Lightweight composite materials are gaining greater acceptance in aerostructures offering opportunities for component manufacturers to deliver fuel-efficient designs. Aftermarket services for aircraft maintenance is another driver providing recurring revenue streams.
However, geopolitical tensions and protectionist policies pose a challenge to global supply chains in the aerostructures industry. Strict regulatory standards and certification requirements add to time and cost for component manufacturers further restraining market growth. Overcapacity among some suppliers following a slowdown in aircraft orders during the pandemic is an issue being addressed.
North America remains the dominant region for aerostructures led by the US while Asia Pacific has emerged as the fastest growing market led by China. Major original equipment manufacturers are localizing more production there to address the growing demand from Chinese and other Asian carriers. Cost competitiveness is prompting companies to shift or expand manufacturing footprint to regions like Mexico and Central Europe as well. Consolidation among suppliers is anticipated to continue to help achieve economies of scale and efficiencies.

AEROSTRUCTURES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

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