Global Aerostructures Market was valued US$ 59.17 Bn in 2019 and is expected to reach 89.20 Bn by 2027, at a CAGR of 6.04 % during a forecast period
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Increasing deployment of commercial aircraft across the globe is one of the key factors, which is expected to drive the growth in the global aerostructures market. Growing passenger mobility over the past few years, the commercial aviation industry is witnessing substantial growth in the deployment rate of commercial aircraft, which is powerfully driving and supporting the growth of the global aerostructure market. Furthermore, problems related with composite materials like material recycling is projected to limit the growth of the global aerostructure market during the forecast period.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Aerostructures Market Segment Analysis:
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global aerostructures market.
The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global aerostructures market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Metal aerostructure is expected to hold maximum market share in the global aerostructures market. Followed by metal aerostructure, the composite aerostructure is expected to grow at high rate of CAGR during the forecast period. Airliners are destructively pursuing lightweight composite parts/structures, which can contribute to their goal of attaining higher fuel efficiency and reducing emissions. These factors are expected to increase demand for composite aerostructures.
Global Aerostructures Market Regional Analysis:
North America is expected to contribute major market share in the global aerostructure market owing to presence of leading aerostructure key players. UTC Aerospace Systems and AAR Corp.in North America has seen increasing deliveries of aircraft in commercial and defense applications, which is further projected to drive the aerostructure market in this region. Followed by North America, Asia Pacific is projected to share significant growth in the aerostructure market owing to increasing demand for aircrafts in defense and general aviation and rapidly growing aerospace market in emerging developing economies like India and China.
Global Aerostructures Market, Key Highlights:
• Global Aerostructures Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Aerostructures Market
• Global Aerostructures Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Aerostructures Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Aerostructures Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Aerostructures Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
The Scope of the Report for Global Aerostructures Market: Inquire before buying
Global Aerostructures Market, By Component
• Fuselage
• Empennage
• Flight Control Surfaces
• Wings
• Nose
• Nacelle and Pylon
• Others
Global Aerostructures Market,by Material
• Composites
• Alloys
• Metals
Global Aerostructures Market,by Platform
• Fixed Wing Aircraft
o Commercial
o Unmanned Aerial Vehicles (UAVs)
o Military
o General
o Others
• Rotary Wing Aircraft
o Commercial
o Military
o Unmanned Aerial Vehicles (UAVs)
Global Aerostructures Market,by End Use
• Original Equipment Manufacturer (OEM)
• Aftermarket
Global Aerostructures Market,by Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Aerostructures Market: Key Players
• Aar Corp.
• UTC Aerospace Systems
• Raug Group
• Saab AB
• Boeing
• Bombardier
• Lockheed Martin, etc.
• Spirit Aerosystems, Inc.
• Stelia Aerospace Group
• Bombardier Inc.
• Cyient Ltd.
• Elbit Systems Ltd.
• GKN Aerospace
• Leonardo S.P.A.
• Mitsubishi Aircraft Corporation
• Kawasaki Heavy Industries Ltd,
• Korean Aerospace Industries, Ltd.
• Subaru Corporation
• Mahindra Aerostructures Pvt. Ltd
• Triumph Group, Inc.
• Taneja Aerospace & Aviation Ltd
• Premium Aerotech GmbH
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