Skip to main content

Aerostructure Market Poised for an Explosive Growth in the Near Future

Aerostructures are the structural components of an aircraft’s body frame or airframe. Aerostructures help an aircraft to withstand the aerodynamic forces during flight, and thus includes all the components that helps an aircraft to fly. The propulsion systems, wings, flight control surfaces, fuselages, and empennage are some of the aerostructures present on any aircraft body. The global aerostructure market is driven by the increased deliveries of new aircrafts along with demand for spare parts for old aircrafts.

Market Dynamics: Global Aerostructure Market

The aerostructure market is primarily driven by increased deliveries of commercial aircraft across the globe. With the increase in passenger mobility over the past few years, the commercial aviation industry is witnessing significant growth in the deployment rate of commercial aircrafts, which is strongly driving and supporting the growth of the global aerostructure market. Moreover, it is observed that, the aircraft manufacturing industry is predominantly adopting the outsourcing methodology for the manufacturing of aerostructures on a large scale and at a rapid rate, thereby fuelling the growth of the global aerostructure market. In addition to these factors, the development and adoption of composite materials for aircraft manufacturing is also fueling the growth of the global aerostructure market and is further anticipated to drive the market during the forecast period. However, problems associated with composite materials such are material recycling, is anticipated to restrain the growth of the aerostructure market during the forecast period.


Market Segmentation: Global Aerostructure Market

The global aerostructure market has been segmented based on components, material, platform, end user, and region. Based on components, the market is further classified into empennage, nose, wings, fuselage, flight control surfaces, and pylon & nacelle. The material segment is further segmented into metals, alloys & super alloys, and composite materials. Based on platform, the market is divided into two sub segments on the basis of aircraft type namely: fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment is further bifurcated into general, military & defense, commercial, and unmanned aerial vehicles (UAV). The rotary wing aircraft segment is further divided into commercial, military & defense, and unmanned aerial vehicle (UAV). The end user segment is classified as original equipment manufacturers (OEMs) and aftermarket. The global aerostructure market based on geography is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.


Preliminary Analysis

North America is anticipated to contribute the largest market share toward the global aerostructure market due to presence of leading aerostructure manufacturers, for instance UTC Aerospace Systems and AAR Corp., in this region. Moreover, over the past few years, North America has witnessed increasing deliveries of aircraft in both commercial and defense applications, which is further expected to drive the aerostructure market in this region. Asia Pacific is anticipated to be the fastest growing market for aerostructure owing to growing demand for aircrafts in defense and general aviation applications due to the rapidly growing aerospace market in emerging economies such as India and China.


Prominent Market Players


Key players in the global aerostructure market includes Aar Corp., UTC Aerospace Systems, Bombardier Inc., Cyient Ltd., Elbit Systems Ltd., GKN Aerospace, Leonardo S.P.A., Mahindra Aerostructures Pvt. Ltd., Raug Group, Saab AB, Spirit Aerosystems, Inc., Stelia Aerospace Group., Triumph Group, Inc., and Taneja Aerospace & Aviation Ltd. In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies adopted by the leading players in the global market. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global aerostructure market over the period of study.

Comments

Post a Comment

Popular posts from this blog

Mobile Printing Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Mobile printing let end-users print documents when they are in traditional network of away from it The mobile printing enables end-users to print from their devices to any mobile printing application enabled printer located in the office, public print location or at home. Mobile printing is wireless and provides high degree of efficiency to its end-users. It uses 802.11 networking or Bluetooth to communicate and can be used on both local area network (LAN) and wide area network (WAN). Thermal based technology is being used in mobile printing to provide high quality output. There are two types of thermal printing methods which are uses in mobile printing namely direct thermal and thermal transfer. With the help of mobile printing technology the security of the device and system will be enhanced, as an individual is able to set password to prevent unauthorized access, in case of remote printing over internet.. Furthermore, mobile printing reduces need for individual printers on every d
Post a Comment
Read more

Growing Industrialization will Influence the Oil Condition Monitoring Market Growth

Major players in the global oil condition monitoring market are Bureau Veritas, Intertek, Parker Hannifin Corporation, Castrol Limited, Spectro Analytical Instruments, General Electric Company, and Insight Services Unveils TestOil Oil is an important resource used in various machineries and engines in order to provide lubrication and for temperature regulation. After prolonged usage, oil starts to lose out on its properties and becomes less functional. Using such oil can damage the engine or machinery in which it is being used. Hence, it is necessary to keep a check on the condition of oil and replace or upgrade it after its optimum usage. Oil condition monitoring means keeping a timely check on the quality of oil that is being deployed in the system and taking the necessary steps so that the oil serves its purpose to the fullest. The monitoring also helps in increasing the efficiency of the machine, reduces downtime, and reduces cost, thereby increasing profits. Request A Sampl
Post a Comment
Read more

Communications Electronics Cooling Systems Market Growth to be Stimulated by Brisk Technological Expansions

The Electronic cooling systems have wide range of applications in many industrial domains for their nature of keeping the electronic device cool and maintain the temperatures optimally required by the device. There are various cooling techniques that includes heat sinks, thermoelectric coolers, forced air systems, fans, and heat pipes. However in case of low environmental temperatures, the devices may require to heat it to maintain the temperature required by the device to achieve satisfactory operation. Also the electronic circuits generate lots of heat and thus maintaining the temperature increases the reliability and shelf life of the device. These electronic cooling systems have wide applications in personal computers, soldering, batteries, and other electronic component and devices. There are software that are designed for thermal simulation of electronic devices. There are various methods through which heat is being sink in the devices that includes cold plates, fans, high condu
Post a Comment
Read more