Aerostructures Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2027
The aerostructures market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.
The aerostructures market is estimated to procure steady growth driven by increasing aircraft production to meet the demand of the aerospace industry. With a surge in deliveries of commercial aircrafts and passengers opting for air travel, there is a fast paced growth in the development of commercial aircrafts. The mounting requirement from regional and domestic flyers is anticipated to fuel demand for new aircraft.
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The empennage segment is projected to record around 3.5% CAGR credited to its rising need in commercial aircraft production. Empennage offers stability to the aircrafts during flight and is also called as the tail assembly or the tail of the aircraft. Requirement for lightweight empennage is intensifying as to increasing focus of manufacturers on sustainability.
In 2020, GKN Aerospace, one of the world’s leading designers and manufacturers of lightweight aerostructures, inked a collaborative agreement with Eviation for the design and manufacture of empennage, wings, and EWIS (electrical wiring interconnection systems) for Alice, Eviation’s ground-breaking regional electric aircraft.
The retrofit segment is likely to rise steadily on account of increasing maintenance work on aerostructures. Constant maintenance and repair of aerostructures focuses on meeting the strict standards put forth by the aerospace authorities in order to maintain healthy aircraft conditions and guarantee passenger safety.
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Geographically speaking, Europe aerostructures market could hold about 30% share in the upcoming years owing to rising demand for business jets in the region. There are many aviation manufacturers developing fuel-efficient aircrafts to comply with the strict emission standards set up across Europe.
On a global scale, the aerostructures market comprises of firms such as AAR Corporation, STELIA Aerospace Group, Mahindra Aerostructures Pvt. Ltd., Cyient Ltd., Saab AB, Elbit Systems Ltd., Leonardo S.P.A, Collins Aerospace, Safran SA, GKN plc., Triumph Group, Inc., and Spirit AeroSystems.
Major Key Points from Table of Content:
Chapter 4. Aerostructures Market, By Component
4.1. Global aerostructures market share by component, 2020 & 2027
4.2. Nacelles & Pylons
4.2.1. Global market estimates and forecasts, 2017 - 2027
4.2.2. Market estimates and forecast, by region, 2017 - 2027
4.3. Doors
4.3.1. Global market estimates and forecasts, 2017 - 2027
4.3.2. Market estimates and forecast, by region, 2017 – 2027
4.4. Fuselage
4.4.1. Global market estimates and forecasts, 2017 - 2027
4.4.2. Market estimates and forecast, by region, 2017 - 2027
4.5. Empennage
4.5.1. Global market estimates and forecasts, 2017 - 2027
4.5.2. Market estimates and forecast, by region, 2017 - 2027
4.6. Wings
4.6.1. Global market estimates and forecasts, 2017 - 2027
4.6.2. Market estimates and forecast, by region, 2017 - 2027
4.7. Others
4.7.1. Global market estimates and forecasts, 2017 - 2027
4.7.2. Market estimates and forecast, by region, 2017 - 2027
Chapter 5. Aerostructures Market, By Material
5.1. Global market share by material, 2020 & 2027
5.2. Metal
5.2.1. Global market estimates and forecasts, 2017 - 2027
5.2.2. Market estimates and forecast, by region, 2017 - 2027
5.3. Composite
5.3.1. Global market estimates and forecasts, 2017 - 2027
5.3.2. Market estimates and forecast, by region, 2017 - 2027
5.4. Alloys
5.4.1. Global market estimates and forecasts, 2017 - 2027
5.4.2. Market estimates and forecast, by region, 2017 - 2027
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