Global Aircraft Bracket Market Overview
Aircraft Bracket Market Size was estimated at 4.25 (USD Billion) in 2022.The Aircraft Bracket Market Industry is expected to grow from 4.42(USD Billion) in 2023 to 6.2 (USD Billion) by 2032. The Aircraft Bracket Market CAGR (growth rate) is expected to be around 3.84% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review.
Key Aircraft Bracket Market Trends Highlighted
The aircraft bracket market is experiencing significant growth, driven by the rising demand for commercial and military aircraft. The increasing adoption of lightweight and composite materials in aircraft structures is driving the demand for brackets that offer high strength and durability with reduced weight. Additionally, the growing emphasis on aircraft safety and efficiency is fueling the demand for brackets that can withstand extreme conditions and ensure structural integrity.Opportunities in the aircraft bracket market lie in the development of innovative materials and designs. Advanced materials such as titanium and composites are gaining popularity due to their exceptional strength-to-weight ratios and corrosion resistance. Moreover, the integration of additive manufacturing technologies is enabling the production of complex and customized brackets that meet specific performance requirements.Recent trends in the market include the adoption of digital twins and predictive maintenance techniques. Digital twins provide real-time data on bracket performance, allowing for proactive maintenance and reduced downtime. Predictive maintenance systems leverage data analytics to identify potential failures, enabling operators to schedule maintenance before defects occur. These advancements are enhancing aircraft safety and optimizing operational efficiency in the aircraft bracket market.
Aircraft Bracket Market Drivers
Increasing Demand for Commercial Aircraft
A major driver of growth in the aircraft bracket market is the increasing demand for commercial aircraft. The international commercial aircraft market continues to grow thanks to the expansion of low-cost carriers and an increasing number of air travelers around the world. Additionally, the emerging middle class in developing countries is also boosting the demand for new aircraft. As a result, the leading aircraft manufacturers are likely to continue expanding their production, thereby driving the need for aircraft brackets, which support and secure a range of aircraft systems and structures.The growth of the commercial aircraft market is expected to continue in the near future, influenced by the rising demand for air travel, growing trade, and increasing incomes.
Technological Advancements in Aircraft Design
Moreover, the increasing adoption of new aircraft designs is one of the drivers for the growth of the aircraft bracket market. The development of more fuel-efficient and aerodynamic aircraft is achieved by the use of composite materials, lightweight alloys, and innovative manufacturing techniques. The construction of modern aircraft requires specialized brackets and fasteners that can withstand the high stress and vibration levels typical for these designs.Furthermore, there is an increased use of new technologies, such as additive manufacturing, which allows for the production of highly complex and customized brackets.
Rising Military Aircraft Expenditure
Another large domestic and international force driving the aircraft bracket market is undoubtedly the increased military spending worldwide. All countries are trying to maintain and expand their military aircraft fleet against growing security challenges. New fighter jets, bombers, and transporters are therefore developed and ordered in increasing quantities – all requiring large numbers of high-quality brackets and fasteners. In addition, more advanced aircraft require even more sophisticated critical systems that can be supported by the newest technologies.
Aircraft Bracket Market Segment Insights
Aircraft Bracket Market Material Insights
The Material segment of the Aircraft Bracket Market describes a selection of materials used in the production of these devices. The Segment is, to a moderate degree, influential in the overall market growth. In 2023, Metal is shown to lead the Segment, amounting to a sizeable portion of the market’s income. Its strength, durability, and low cost make it a prevalent material for various kinds of constructions. However, another popular type of material is Composite Materials, with carbon fiber-reinforced polymers as a potential subset. The lightness of such materials, as well as the high strength-to-weight ratio, provides them with advantages in applications such as aviation.In the future, they are going to present significant growth at a noticeable rate. This will be facilitated by a strong demand for fuel-efficient light aircraft. Titanium, with a remarkable strength-to-weight ratio and corrosion resistance, is also an influential material in aircraft bracket making. It is used for different aircraft, high-performance and otherwise, with the greatest consumption being demonstrated by military aviation. It also has civil applications. In the future, it will also experience solid growth, partially due to the latter factor.All of these materials are influenced by the same forces, apart from sector-specific differences. In general, these are the technological advancements that permit the use of different materials, the growth of aircraft manufacturing, and the demand for modern, fuel-efficient construction. In addition, there is an emergent demand for environmentally friendly materials, partly due to the growing impact of various types of waste.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Bracket Market Application Insights
The Aircraft Bracket Market is segmented based on its application into commercial aircraft, military aircraft, helicopters, and general aviation aircraft. The commercial aircraft segment held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for commercial aircraft and the rising air travel demand. The military aircraft segment is expected to witness significant growth during the forecast period. This growth can be attributed to the increasing demand for military aircraft, owing to the rising tensions between countries and the need for advanced aircraft for defense purposes.The helicopter segment is also expected to witness significant growth during the forecast period. This growth can be attributed to the increasing demand for helicopters for various applications, such as search and rescue operations, medical evacuation, and military operations. The general aviation aircraft segment is expected to witness moderate growth during the forecast period. This growth can be attributed to the increasing demand for general aviation aircraft for personal and business use.
Aircraft Bracket Market Size Insights
The aircraft bracket market is segmented by size into small, medium, and large. The small segment accounted for the largest share of the market in 2023 and is projected to continue to grow at the highest CAGR during the forecast period. The medium segment is expected to witness a steady growth rate, while the large Segment is expected to grow at a moderate rate. The growth of the small Segment can be attributed to the increasing demand for small aircraft, such as private jets and regional aircraft. The medium segment is expected to grow due to the rising demand for medium-sized aircraft, such as narrow-body commercial aircraft.The large Segment is expected to grow at a moderate rate due to the increasing demand for large aircraft, such as wide-body commercial aircraft.
Aircraft Bracket Market Bracket Type Insights
The Aircraft Bracket Market is segmented by Bracket Type into Structural Brackets, Functional Brackets, Mounting Brackets, and Customized Brackets. The structural Brackets segment held the largest market share in 2023, and it is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for lightweight and high-strength brackets in aircraft structures. The functional Brackets segment is also expected to witness significant growth during the forecast period, owing to the rising demand for brackets that perform specific functions such as vibration isolation and noise reduction.The mounting brackets segment is projected to grow at a steady pace, driven by the growing demand for brackets used for mounting various aircraft components and systems. The customized Brackets segment is expected to witness moderate growth as it caters to the specific requirements of aircraft manufacturers and operators.
Aircraft Bracket Market Regional Insights
The North American region dominated the Aircraft Bracket Market revenue in 2023, accounting for approximately 40% of the market. It is projected to continue its dominance throughout the forecast period, driven by the presence of major aircraft manufacturers, such as Boeing and Airbus, and the increasing demand for aircraft brackets from the commercial aviation industry. The European region is expected to witness significant growth in the Aircraft Bracket Market, owing to the rising demand for aircraft from low-cost carriers and the increasing investments in the aerospace and defense sector.The APAC region is anticipated to be the fastest-growing regional market, supported by the growing aviation industry and the increasing number of aircraft orders from emerging economies, such as China and India. South America and MEA regions are expected to see steady growth in the Aircraft Bracket Market, driven by the increasing demand for aircraft for both commercial and military applications. The growth in these regions is also supported by government initiatives to develop the aviation infrastructure and the increasing investments in the aerospace and defense sector.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Bracket Market Key Players and Competitive Insights
Having developed a broad spectrum of competitive strategies, major players in the Aircraft Bracket Market industry continue working to strengthen their market positions. Research and development represent a core element of the business strategies adopted by the leading Aircraft Bracket Market players. The Aircraft Bracket Market expansion has also been driven by a rising demand for lightweight, durable, and cost-effective brackets. The Aircraft Bracket Market also varies across regions due to a number of factors, including the presence of local manufacturers, demand, import and export regulations, customer preferences, and final product price.Among major competitors, Precision Castparts Corp. appears to be taking part in the Aircraft Bracket Market, with Engine Mounts, Landing Gear Fittings, and Structural Components being a few of the many examples of aircraft brackets provided by the company. Its expertise in Investment Casting, Forging, and Machining has made it possible for Precision Castparts to meet the constantly evolving needs of the aerospace industry with high-quality products. The presence of Precision Castparts Corp. in Europe, China, Japan, and the USA makes it possible for the company to avoid a broad range of risks and running costs associated with delivery. Investments in research and development allow the company to secure a competitive edge by meeting the exact needs of customers.AAR Corp., another major force in the Aircraft Bracket Market, provides Engine Brackets, Airframe Brackets, and Interior Brackets. The company currently benefits from its ability to develop aircraft brackets that are up to industry standards. Its diverse range of brackets is characterized by quality and reliability. AAR Corp.’s strong focus on innovation ensures that the company is likely to become an even stronger force in the market.
Key Companies in the Aircraft Bracket Market Include
- Bombardier Inc.
- Safran Electrical Power
- Meggitt PLC
- Textron Inc.
- UTC Aerospace Systems
- Honeywell International, Inc.
- LiebherrAerospace
- Woodward, Inc.
- Embraer SA
- C Zodiac
- Eaton Corporation
- Airbus Group SE
- Boeing Company
- Spirit AeroSystems, Inc.
- GKN Aerospace
Aircraft Bracket Market Industry Developments
The aircraft bracket market is projected to grow from an estimated USD 4.42 billion in 2023 to USD 6.2 billion by 2032, exhibiting a CAGR of 3.84% during the forecast period. The growth of the market is attributed to the increasing demand for aircraft, rising production of commercial aircraft, and growing investments in the aerospace industry.Recent news developments in the market include the launch of new products by key players. For instance, in May 2023, GKN Aerospace announced the launch of its new generation of aircraft brackets, designed to reduce weight and improve fuel efficiency. Additionally, the acquisition of smaller players by larger companies is expected to drive market consolidation.Current affairs in the market include the ongoing geopolitical tensions and their impact on the supply chain. The conflict between Russia and Ukraine has disrupted the supply of raw materials and components, leading to delays in production and increased costs. Despite these challenges, the long-term outlook for the aircraft bracket market remains positive, driven by the increasing demand for air travel and the growing focus on sustainability in the aviation industry.
Aircraft Bracket Market Segmentation Insights
Aircraft Bracket Market Material Outlook
- Metal
- Composite Materials
- Titanium
Aircraft Bracket Market Application Outlook
- Commercial Aircraft
- Military Aircraft
- Helicopters
- General Aviation Aircraft
Aircraft Bracket Market Size Outlook
Aircraft Bracket Market Bracket Type Outlook
- Structural Brackets
- Functional Brackets
- Mounting Brackets
- Customized Brackets
Aircraft Bracket Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Aircraft Bracket Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
4.25(USD Billion) |
| Market Size 2023 |
4.42(USD Billion) |
| Market Size 2032 |
6.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.84% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Bombardier Inc., Safran Electrical Power, Meggitt PLC, Textron Inc., UTC Aerospace Systems, Honeywell International, Inc., LiebherrAerospace, Woodward, Inc., Embraer SA, C Zodiac, Eaton Corporation, Airbus Group SE, Boeing Company, Spirit AeroSystems, Inc., GKN Aerospace |
| Segments Covered |
Material, Application, Size, Bracket Type, Regional |
| Key Market Opportunities |
Lightweight materials, advanced manufacturing Growing demand for commercial and military aircraft Increasing focus on cost reduction and efficiency Expansion into emerging markets Adoption of smart technologies |
| Key Market Dynamics |
Growing demand for new aircraft Increasing use of composite materials Stringent safety regulations Technological advancements Consolidation of manufacturers |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The aircraft bracket market is expected to reach USD 6.2 billion by 2032, growing at a CAGR of 3.84% from 2024 to 2032.
The Asia-Pacific region is expected to have the largest market share in the aircraft bracket market, owing to the increasing demand for commercial aircraft and the presence of major aircraft manufacturers in the region.
The key factors driving the growth of the aircraft bracket market include the increasing production of commercial aircraft, the rising demand for lightweight and fuel-efficient aircraft, and the growing need for aircraft maintenance and repair services.
The key competitors in the aircraft bracket market include Eaton, Safran, Woodward, Moog, and Triumph Group.
Aircraft brackets are used in a variety of applications, including engine mounts, wing attachments, and landing gear supports.
There are a variety of different types of aircraft brackets, including forged brackets, machined brackets, and cast brackets.
The factors that affect the price of aircraft brackets include the type of bracket, the material used, and the quantity ordered.
The trends that are expected to shape the future of the aircraft bracket market include the increasing use of composite materials, the development of new technologies, and the growing demand for aircraft brackets in emerging markets.
The challenges facing the aircraft bracket market include the high cost of raw materials, the complex manufacturing process, and the stringent regulatory requirements.
The outlook for the aircraft bracket market is positive, with the market expected to grow at a steady pace in the coming years.
