Aero Wing Market Size, Share, Industry Segment by Type, Product, Forecast 2032

Aero Wing Market Market Highlights

The global aero wing market is accounted to register a CAGR of 9.20% during the forecast period and is estimated to reach USD 29.2 Billion by 2032.

The aero wing market is experiencing significant demand as the aviation industry seeks fuel-efficient solutions. Aero wings enhance aerodynamic performance, reduce fuel consumption, and improve aircraft stability. With the growing focus on eco-friendly aviation, the market for aero wings is expected to expand in the coming years.

Segment Analysis

The global aero wing market has been segmented based platform, type of build and material.

On the basis of platform, the market is segmented into military and commercial. In 2022, the commercial segment dominated the world market. The dominance is the outcome of rising commercial aviation demand from developing countries like China and India.

Based on type of build, the global aero wing market has been segmented into conventional skin fabrication and composite skin fabrication. In 2022, the traditional skin fabrication category dominated the world market. This increase has been caused by military aircraft original equipment manufacturers (OEMs) using this technology to build the aero wing frame throughout the last two decades.

Based on material, the global aero wing market has been segmented into alloys, metals, and composite. In 2022, the metals category led the global Aero Wing market. The extensive usage of several metals, including titanium, steel, and aluminium, in the manufacture of aircraft wings is responsible for this growth.

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Regional Analysis

The global aero wing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Aero Wing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aero Wing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aero Wing market comprises of Middle East, Africa, and Latin America.

The North America aero wing market dominated this market in 2022 (45.80%).The region's concentration of significant companies and leading manufacturers of aeroplane wings is responsible for the high growth rate. It is projected that the market will develop due to the Royal Canadian Air Force's rising demand for combat aircraft. Additionally, the North American Aero Wing market in North America was led by the United States, which had the biggest market share, and Canada, which had the quickest rate of growth.

Moreover, Europe aero wing market accounted for the healthy market share in 2022. Market expansion, which will be powered by partnerships and joint ventures, is predicted to be promoted by the region's increasing aviation industry. For instance, in February 2019 Aerostructures Assemblies India (AAI) and Saab AB (Sweden) signed a contract to acquire the structural assembly for the over wing doors on the Airbus A321neo aircraft.

Additionally, from 2023 to 2032, the Asia Pacific aero wing market is anticipated to experience rapid growth. This growth is attributed to the expansion of the commercial aerospace industries in China, India, and Japan. The growing demand for commercial aircraft in China and India is also predicted to create a lot of opportunities for industry participants.

Furthermore, the rest of the world's aero wing market is divided into the Middle East, Africa, and Latin America. Due to the region's thriving aviation industry, the market for aero wings is expanding significantly. The demand for fuel-efficient aircraft, rising air traffic, and improvements in wing design are all driving market expansion. Government programmes to update the aerospace industry also contribute to the market's rise.

MRFR recognizes the following companies as the key players in the global aero wing market— Airbus Group, The Boeing Company, Lockheed Martin, United Technologies Corporation (UTC), General Dynamics Corporation, Bombardier Aerospace, Northrop Grumman, Raytheon Company, Embraer Executive Jets, and Mitsubishi Aircraft

Key Findings of the Study

• The global aero wing market is expected to reach USD 29.2 Billion by 2032, at a CAGR of 9.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the development of the commercial aerospace sectors in China, India, and Japan is credited with this increase.


• Based on material, the metals segment was attributed to holding the largest market in 2022.


• Airbus Group, The Boeing Company, Lockheed Martin, United Technologies Corporation (UTC), General Dynamics Corporation, Bombardier Aerospace, Northrop Grumman, Raytheon Company, Embraer Executive Jets, and Mitsubishi Aircraft