Stratview Research has recently published a report on the Aircraft Aerostructures Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2019 to 2024.
Aircraft Aerostructures Market Analysis:
Stratview Research's report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Aircraft Aerostructures Market is projected to grow at a healthy rate over the next five years to reach US$ 82.9 billion in 2024.
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Some of the companies drive the market growth:
• Spirit AeroSystems Inc.
• GKN PLC
• UTC Aerospace Systems
• Premium Aerotech GmbH
• Triumph Group
• Mitsubishi Aircraft Corporation
• STELIA Aerospace SAS
• Safran SA
• Leonardo SPA
• Kawasaki Heavy Industries Ltd
• FACC AG
• Korean Aerospace Industries, Ltd.
• Subaru Corporation.
Segments Analysis
By Aircraft Type
The market is segmented based on the aircraft type as narrow-body aircraft, wide-body aircraft, very large-body aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAV. Narrow-body aircraft is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs such as B737 and A320 family; market entry of new players such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for aerostructures in the narrow-body aircraft segment. Wide-body aircraft is likely to remain the second-largest segment during the forecast period and is expected to grow at an impressive rate during the forecast period.
By Material Type
Based on the material type, the market is segmented as metal aerostructures and composite aerostructures. Metal aerostructure is likely to remain the larger segment, whereas composite aerostructure is likely to witness higher growth over the next five years. This has resulted in an increased demand for composite aerostructures. A350XWB and B787 are the growth engines for composite aerostructures. Fuselage and wings of the A350XWB and B787 programs are the majorapplications made of composites instead of metals, unlike other aircraft.
By Application Type
Based on the application type, the market is segmented as fuselage, wings, empennages, nacelles & pylons, and others. The fuselage is projected to remain the largest application segment of the aircraft aerostructures market during the forecast. aircraft as it covers the main body section of an aircraft. A typical narrow-body aircraft's fuselage has length of about 33.6 meters and height of about 4 meters. Wings are likely to experience the highest growth in the market due to a gradual shift from metal to composite wings in the modern aircraft models. Upcoming aircraft program B777x is an example of such shift as it has composite wings instead of metal wings.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research's internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
COVID-19 IMPACT
COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the ELECTRIC PRESSURE WASHER Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.
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