The Report Focuses on Aerostructures Market in Asia Pacific, espicially in China, Japan, Taiwan, Korea, Southeast Asia, India, and Australia. As well as United Kingdom.
Global Aerostructures Market Research Report—Forecast till 2024 Global Aerostructures Market Research Report— Forecast till 2024 Page |1 Copyright © 2017 Market Research Future. Global Aerostructures Market Research Report—Forecast till 2024 VIEW REPORT PRESS RELEASE SAMPLE REPORT Page |2 Copyright © 2017 Market Research Future. Global Aerostructures Market Research Report—Forecast till 2024 Summary: MRFR's analysis predicts a moderate CAGR in the aerostructures market over the forecast period of 20192024 Market Overview: Aerostructures are components of an aircraft which may include wings, fuselage, and the flight control deck and various other components. Aerostructures essentially cover all the components which help an aircraft to fly. Market Research Future (MRFR's) recent report on the global aerostructure market is a compilation of the pertinent factors that could impact the market growth in the coming years and contains key market insights. The aerostructures market experiences constant demand since airlines companies is always in need of aerostructures for their existing as well as new aircraft. It is estimated that increased procurement of new aircrafts would impact the market growth positively. The military also makes up for a large chunk of the overall market demand. Military helicopters and aircrafts need to be in working condition all the time, and hence, they induce high demand within the aerostructure market. Moreover, contracts from governments and defense are generally for a longer period of time, which sustains demand within the market. Conversely, challenges associated with the recycling of composite materials is likely to restrain the growth of the market over the forecast period. Segmentation: By material, the global aerostructures market has been classified as composite, alloys, and metals. The metals segment was the largest segment in 2018. The composite segment is estimated to be the fastest growing segment during the review period. The growth of the composite segment is attributed to various OEMs investing in the development of lightweight materials. On the basis of end use, the global aerostructures market has been classified as OEMs and aftermarket. OEM segment was the largest segment in 2018. The aftermarket segment is expected to register the higher CAGR during the forecast period due to the low prices of aerostructure products offered by aftermarket players. Furthermore, aftermarket players provide services such as maintenance, repair, and replacement, which is expected to encourage the growth of the segment during the forecast period. By platform, the global aerostructures market has been divided into rotor wing and fixed wing. The fixed wing aircraft segment was the larger segment in 2018 and is expected to be the fastest growing segment during the review period. The growth of fixed wing aircraft segment to the growing demand for UAVs in the military. Page |3 Copyright © 2017 Market Research Future. Global Aerostructures Market Research Report—Forecast till 2024 Based on region, the global aerostructures market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America was the largest regional segment in 2018 and is estimated to be the fastest-growing regional market during the forecast period. High passenger traffic in the region is expected to drive the market growth in North America. Regional Outlook: Region-wise, the aerostructures market has been segmented into North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC). North America is the most significant market for aerostructures. An established aviation industry which spends considerably on upgradation of its fleet has generated substantial demand for aerostructures within the market. Moreover, the militaries in the region also incur high expenditure on their aircraft, which fuel the demand for aerostructures. The region has quite a few numbers of leading market players, which also acts as a plus for the market growth. The APAC market is driven by expanding aviation industry in the region. Increase in air travel has prompted airlines to invest more in aircraft, which consequently raise the demand for aerostructures. Moreover, the emerging economies of the region are also investing heavily on military aircraft to strengthen their defense mechanism, which further boosts the growth of the market. Competitive Dashboard: UTC Aerospace Systems (US), Stelia Aerospace Group (France), Elbit Systems Ltd (Israel), GKN Aerospace (UK), Saab AB (Sweden), Bombardier Inc. (Canada), Triumph Group, Inc. (US), Leonardo SpA (Italy), Spirit Aerosystems, Inc. (US), AAR Corp. (US), Cyient Ltd (India), and Ruag Group (Switzerland) are the notable players in the global aerostructures market. Industry Updates: June 2019 - Stelia Aerospace has recently unveiled its aerostructure capabilities at the 53rd International Paris Air Show. It has launched first class and business class seats, which allows real-time monitoring of hardware performance and big data analytics and enable enhanced maintenance cycles and scheduling. Page |4 Copyright © 2017 Market Research Future. Global Aerostructures Market Research Report—Forecast till 2024 Page |5 Copyright © 2017 Market Research Future.