AEROSTRUCTURES MARKET Size and trends

Aerostructures Market Size and Trends

The global Aerostructures Market is estimated to be valued at USD 68.32 Bn in 2025 and is expected to reach USD 92.41 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2032.

Key Takeaways of the Aerostructures Market:

• Empennages are expected to account for 44.8% market share in 2025.
• Commercial aircraft segment currently holds a leading market share accounting to 52.4% market share in 2025.
• North America is a dominant market and is expected to account for 42.6% market share in 2025.
• Asia Pacific is the fastest growing market with 34.8% market share in 2025.

Market Overview

The aerostructures market is expected witness positive growth during the forecast period. Core factors such as growing commercial and military aircraft deliveries along with demand for lightweight and durable materials in aircraft components will support the growth of the market. Major OEMs are focusing on development of advanced alloys and composites to manufacture lightweight and high strength aerostructure parts which is encouraging suppliers to invest in R&D and boosting production capabilities. Also, upgradation of existing fleet and increase in MRO services are projected to offer potential opportunities during the forecast period.

To learn more about this report, Request sample copy

Key Developments:

• November 2024: Turboprop aircraft manufacturer ATR decided to discontinue the development of a new model designed for short runways, opting instead to focus on its existing aircraft portfolio. This decision was made to concentrate resources on current models and core competencies.
• November 2024: Italian aerospace company Leonardo planned discussions with unions regarding the future of its Grottaglie plant, which primarily supplies Boeing's 787 program. Due to production delays, a significant portion of the plant's workforce faced furloughs, prompting a strategic review to explore new business opportunities and potential restructuring.
• July 2024: Boeing announced USD 4.7 billion all-stock deal to acquire Spirit AeroSystems, aiming to enhance manufacturing resilience and streamline operations. This acquisition led to the division of Spirit's assets, with Airbus taking over certain facilities and Textron acquiring the V-280 fuselage program.
• July 2024: Textron, the parent company of Bell Helicopter, moved to acquire the fuselage-making program for the V-280 Valor military aircraft from Spirit AeroSystems. This strategic move aimed to consolidate Textron's position in the military aircraft sector, particularly following the V-280's selection for the U.S. Army's future long-range assault aircraft program.

Top Strategies Followed by Aerostructures Market Players

• Established Players: Established players in the aerostructures market focus heavily on research and development to drive innovation. Companies like Airbus and Boeing annually invest billions of dollars into designing high-performance materials and manufacturing technologies. Their R&D efforts are centered around developing lighter, stronger, and more durable aerostructure components to improve fuel-efficiency and sustainability.

         In addition, these leaders form strategic global partnerships with major suppliers to consolidate their market position.

• For example, Airbus collaborates closely with thousands of partners worldwide to outsource over 50% of the manufacturing work for each commercial aircraft.
• Mid-sized Players: Mid-sized players capitalize on cost-effective solutions. Firms like Spirit AeroSystems and GKN Aerospace focus on delivering budget-friendly structural parts and assemblies targeted towards price-sensitive customers. They emphasize lean manufacturing techniques and operational efficiencies to minimize expenses. These companies also pursue collaborative ventures to augment production capabilities.
• For instance, Spirit AeroSystems recently joined hands with another firm to build a new facility for composite aerostructures manufacturing in Germany.
• Small Players: Small-scale manufacturers thrive by niche specialization. New entrants target specialized markets left untapped by giants. For instance, Denham Aerospace manufactures complex aerostructure components using specialized 3D printing technologies. Another startup, Anthropic, applies artificial intelligence to develop novel aircraft cabin interiors. These niche players also leverage latest technologies like robotics and automation solutions to cut costs and gain a foothold. Some partner with startups locally to facilitate market access and product trials initially on a smaller scale.

Emerging Startups: Aerostructures Industry Ecosystem

• Innovation: The growing scope of innovative technologies is enabling new startups in the domain. For example, Anthropic develops AI-powered aircraft structural analysis tools to facilitate safer and more efficient aircraft design. Another startup, Cubicwise, applies 3D simulation software to research advanced composite materials. Their technologies could transform aerostructures manufacturing in the coming years through personalized structural analysis and smart materials.
• Sustainable Solutions: Sustainability-focused startups are also emerging. A company like Vega builds eco-friendlier, animal-free composite materials using mycelium cultivation. Additionally, Magnitude produces high-performance recycling technologies to convert end-of-life composite parts into raw materials. Their sustainable solutions can significantly lower the industry's carbon footprint over the long run.
• Niche Specialization: Some startups collaborate with partners to enter niche application areas. UltraSafe Nuclear designs micro-nuclear power units for hybrid-electric airplanes through research alliances. Similarly, ElectroCore builds specialized unmanned aircraft systems, partnering with defense organizations on specialized applications.