Aircraft Aerostructure Market Research Report: By Aircraft Type (Commercial Aircraft, Regional Aircraft, Business Jets, Military Aircraft), By Material Type (Composite Materials, Metallic Materials, Hybrid Materials), By Structure Type (Fuselage, Wings, Tail, Nacelles), By Manufacturing Process (Conventional Manufacturing, Additive Manufacturing, Advanced Composites Manufacturing), By Propulsion Type (Turbofan Engines, Turboprop Engines, Jet Engines) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa

Aircraft Aerostructure Market Overview:

Aircraft Aerostructure Market Size was estimated at 130.1 (USD Billion) in 2022. The Aircraft Aerostructure Market Industry is expected to grow from 136.4(USD Billion) in 2023 to 208.6 (USD Billion) by 2032. The Aircraft Aerostructure Market CAGR (growth rate) is expected to be around 4.84% during the forecast period (2024 - 2032).

Key Aircraft Aerostructure Market Trends Highlighted

The aircraft aerostructure market is propelled by the burgeoning demand for new aircraft and the need for efficient and lightweight structures. Stricter environmental regulations and the growing focus on fuel efficiency are driving the adoption of composite materials in aerostructures. Moreover, the rise of unmanned aerial vehicles (UAVs) is creating new opportunities for aerostructure manufacturers. Key market drivers include the increasing air traffic, rising demand for fuel-efficient aircraft, and the growing adoption of advanced materials. Opportunities lie in the development of innovative materials, such as graphene and carbon fiber-reinforced polymers, as well as the integration of new technologies like additive manufacturing. Recent trends indicate a shift towards digital engineering and the use of virtual reality in the design and manufacturing process. Additionally, the growing demand for aftermarket services is expected to offer lucrative growth prospects in the coming years

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Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aircraft Aerostructure Market Drivers

Increasing Demand for Air Travel

One of the main drivers of the growth of the Aircraft Aerostructure Market Industry is the increasing demand for air travel. The number of air passengers has been increasing from year to year and this trend is expected to continue. This growing number of passengers is due to several reasons. First of all, people of developing countries earn more money and start travelling by airplane. Moreover, low-caste tickets are growing in popularity. At the same time, the demand for air cargo increases as well.The growth of the demand for air travel leads to the growth of the demand for aircraft and this, in turn, leads to the growth of the Aircraft Aerostructure Market Industry.

Advances in Aircraft Technology

Another significant factor driving the growth of the Aircraft Aerostructure Market Industry is the growth of advance in aircraft technology. In recent years, many advances in aircraft technology have been made and some of them include, introduction of new materials, new manufacturing techniques and new design concepts. Because of this reasons, aircraft are now much lighter, use fuel more efficiently and at the same time they are more durable.By basing our argument on the fact that these advances in technology make it easier for airlines to run while at the same time they are able to reduce what they ask their passengers in the name of fair, it is undeniable that advances in aircraft technology plays an invaluable role in the development of the Aircraft Aerostructure Market Industry.

Increasing Demand for Lightweight Aircraft

Another major driver of the growth of the Aircraft Aerostructure Market Industry is the increasing demand for lightweight aircraft. Increasingly, aircraft are becoming lighter, and there are many reasons for which this is happening. For one, they have lower operating costs, improve fuel efficiency, and provide reduction in emissions and so are becoming increasingly popular. Demand for lightweight aircraft is driven by such factors as fuel price increases, increased environmental concerns, and the growth in air travel in developing countries.Due to the increasing popularity of lightweight aircraft, the demand for the aircraft aerostructures is growing as well, and so is the growth of the Aircraft Aerostructure Market Industry.

Aircraft Aerostructure Market Segment Insights:

Aircraft Aerostructure Market Aircraft Type Insights

Introduction The Aircraft Aerostructure Market is segmented from Aircraft Type into Commercial Aircraft, Regional Aircraft, Business Jets, and Military Aircraft. Commercial Aircraft Commercial aircraft are the largest segment of the Aircraft Aerostructure Market. The market was valued at USD 97.1 billion in 2021, accounting for over 60% of the market revenue. The growth of this segment will be driven by the increasing demand for air travel, especially in emerging markets. The Asia-Pacific region will dominate the market for commercial aircraft, with China and India being the key drivers for its growth.Regional Aircraft Regional aircraft are smaller planes used for short-haul flights. The regional aircraft market was valued at USD 19.4 billion in 2021 and will grow at a CAGR of 4.5% over the forecast period. The market for this segment will be driven by the increasing demand for regional air connectivity, especially in developing countries. Business Jets Business jets are used for private and corporate travel. The market for business jets was valued at USD 18.6 billion in 2021 and will grow at a CAGR of 4.2% over the forecast period. The market will be driven by the increasing demand for private and corporate air travel, especially in North America and Europe.Military Aircraft Military aircraft are used for defense and security purposes. The market for military aircraft was valued at USD 9.3 billion in 2021 and is expected to grow at a CAGR of 4.0% over the forecast period. The market will be driven by the increasing demand for air travel, the need for regional air connectivity, and the demand for private and corporate air travel.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aircraft Aerostructure Market Material Type Insights

The Aircraft Aerostructure Market is segmented based on Material Type into Composite Materials, Metallic Materials, and Hybrid Materials. Composite materials are projected to dominate the market in the coming years. The increasing demand for lightweight and fuel-efficient aircraft is driving the growth of this segment. Composite materials offer a high strength-to-weight ratio and improved durability compared to traditional metallic materials. Metallic materials, such as aluminum and titanium, are also widely used in aircraft aerostructures due to their high strength and stiffness.However, the use of metallic materials can lead to increased weight and reduced fuel efficiency. Hybrid materials, which combine the properties of both composite and metallic materials, are gaining popularity as they offer a balance between strength, weight, and cost. The increasing adoption of hybrid materials is expected to drive the growth of this segment in the future.

Aircraft Aerostructure Market Structure Type Insights

The Aircraft Aerostructure Market is segmented based on Structure Type into Fuselage, Wings, Tail, and Nacelles. The Fuselage segment held the largest market share in 2023, and it is expected to continue to dominate the market during the forecast period. The growth of the Fuselage segment can be attributed to the increasing demand for lightweight and fuel-efficient aircraft. The Wings segment is expected to witness significant growth during the forecast period due to the rising demand for new aircraft and the need for wing replacements. The Tail segment is also expected to grow at a steady pace during the forecast period. The Nacelles segment is expected to witness moderate growth during the forecast period.

Aircraft Aerostructure Market Manufacturing Process Insights

Manufacturing Process Manufacturing processes play a crucial role in the production of aircraft aerostructures. Conventional manufacturing methods, such as machining, forging, and welding, have been widely used in the industry for decades. However, advancements in technology have introduced newer manufacturing processes, such as additive manufacturing (AM) and advanced composites manufacturing (ACM). AM, also known as 3D printing, allows for the rapid prototyping and production of complex parts with intricate designs. This process offers significant advantages, including reduced lead times, lower production costs, and increased design flexibility.The Aircraft Aerostructure Market revenue from AM is projected to reach USD 7.2 billion by 2024, exhibiting a CAGR of 12.5%. ACM involves the use of advanced composite materials, such as carbon fiber reinforced polymers (CFRP) and glass fiber reinforced polymers (GFRP), in the construction of aircraft structures. These materials offer high strength-to-weight ratios, corrosion resistance, and fatigue resistance, making them ideal for applications where lightweight and durability are critical. The Aircraft Aerostructure Market segmentation by ACM is expected to grow at a CAGR of 5.8% during the same period, reaching a market size of USD 12.1 billion by 2024.

Aircraft Aerostructure Market Propulsion Type Insights

Among the Propulsion Type segments, Turbofan Engines are anticipated to garner a substantial share of the Aircraft Aerostructure Market revenue during the forecast period. In 2023, the Turbofan Engines segment held a market share of around 55.6%. This dominance can be attributed to the widespread adoption of turbofan engines in commercial aircraft due to their high efficiency, reduced fuel consumption, and improved performance at higher altitudes. Turboprop Engines are projected to witness a notable market growth, owing to their increasing use in regional and commuter aircraft.Jet Engines, on the other hand, are primarily employed in military applications and are expected to remain a niche segment in the Aircraft Aerostructure Market.

Aircraft Aerostructure Market Regional Insights

The regional segmentation of the aircraft aerostructure market offers valuable insights into the market's growth dynamics across different regions. North America held the largest market share in 2023, accounting for around 38.4% of the revenue. This dominance can be attributed to the presence of leading aircraft manufacturers such as Boeing and Lockheed Martin, as well as a robust commercial aviation industry. Europe held the second-largest share at around 27.2% in 2023, driven by strong demand from major European airlines and the presence of Airbus, a leading aircraft manufacturer.The APAC region is projected to witness significant growth in the coming years, with a CAGR of 5.2% from 2024 to 2032. This growth is attributed to the increasing demand for air travel in emerging economies such as China and India. South America and MEA are expected to have a modest share of the market due to the relatively smaller size of their aviation industries.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aircraft Aerostructure Market Key Players and Competitive Insights:

In the case with the Aircraft Aerostructure Market, some players like Airbus and Boeing primarily tend to dominate the market and have a significant share. The leading companies of the Aircraft Aerostructure Market are constantly investing in the research and development of their product and services. This industry also can be characterized by a high level of competition that drives the companies towards the introduction of innovative technologies and a search for ways of cost reduction. Thus, the competitive environment of the Aircraft Aerostructure Market is going to stay dynamically competitive, driven by different technological breakthroughs and customer needs.

One of the leading players of the market is Spirit AeroSystems which is a supplier of aerostructures for a wide variety of commercial aircraft and defense platforms. Spirit AeroSystems has a significant technological base and a strong geographical expansion. The company has a constant focus on improvement and innovations which is vivid from the significant amount of investment put into the research and development of new products. Being present in its industry for a noticeable amount of time, the company managed to build an efficient operational and administrative structure that is cost effective. There are multiple ways for exploiting the current market opportunities with the existing experience and partnerships which is why Spirit AeroSystems may pursue its growth strategy in the near future.

Another major player of the Aircraft Aerostructure Market is GKN Aerospace which is an expert in advanced manufacturing technologies. The company’s focus on the innovations allows it to serve the increasing demand for its products. Its vast product range includes aerostructures for airplanes and helicopters, from wings to fuselages or empennages. The company focuses on the manufactured goods to be environmentally friendly and prioritizes environmentally safe and biodegradable technologies and processes. Many of GKN’s products are innovative pieces which provide the company with a competitive advantage in their highly competitive industry.

Key Companies in the Aircraft Aerostructure Market Include:

• Aernnova Aerospace


• Collins Aerospace


• Spirit AeroSystems


• Boeing


• GKN Aerospace


• Leonardo


• Triumph Group


• Toray Industries


• Mitsubishi Heavy Industries


• Safran


• Embraer


• Airbus


• Cytec Solvay Group


• Elbe Flugzeugwerke


• Hexcel

Aircraft Aerostructure Market Industry Developments

The aircraft aerostructure market is projected to reach USD 208.6 billion by 2032, exhibiting a CAGR of 4.84% from 2024 to 2032. The market growth is attributed to the increasing demand for commercial aircraft, rising production rates of narrow-body aircraft, and growing investments in research and development for advanced aerostructures. The Asia-Pacific region is expected to hold a significant share of the market due to the rapid growth of the aviation industry in the region. Key industry developments include the adoption of lightweight materials, such as carbon fiber reinforced polymers (CFRP) and titanium alloys, to improve aircraft efficiency and reduce fuel consumption. Additionally, the integration of advanced technologies, such as additive manufacturing and digital twins, is expected to drive market growth in the coming years.

Aircraft Aerostructure Market Segmentation Insights

Aircraft Aerostructure Market Aircraft Type Outlook

• Commercial Aircraft


• Regional Aircraft


• Business Jets


• Military Aircraft

Aircraft Aerostructure Market Material Type Outlook

• Composite Materials


• Metallic Materials


• Hybrid Materials

Aircraft Aerostructure Market Structure Type Outlook

• Fuselage


• Wings


• Tail


• Nacelles

Aircraft Aerostructure Market Manufacturing Process Outlook

• Conventional Manufacturing


• Additive Manufacturing


• Advanced Composites Manufacturing

Aircraft Aerostructure Market Propulsion Type Outlook

• Turbofan Engines


• Turboprop Engines


• Jet Engines

Aircraft Aerostructure Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa

Aircraft Aerostructure Market Report Scope