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Aerostructures Market Share

Report ID: GMI5011
Published Date: Mar 2021
Report Format: PDF

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Aerostructures Market Share

Companies are adopting industry automation and advanced robotics to manufacture complex and sensitive aerostructures parts, which increase the quality and reliability of the products. Various industry participants are improving their manufacturing capabilities to maintain their competitive edge in the market.

Some of the leading players in the aerostructures market include

Spirit AeroSystems
AAR Corporation
STELIA Aerospace Group
Mahindra Aerostructures Pvt. Ltd.
Leonardo S.P.A.
Elbit Systems Ltd.
Cyient Ltd.
Collin Aerospace
Saab AB

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The aerostructures market share was valued at over USD 48.66 billion in 2020 and will expand at a CAGR of 3.5% by 2027.

The fuselage segment will grow at a CAGR of 3% through 2027 on account of surging aircraft production in the military and commercial sectors.

North America accounted for more than 45% of the total market revenue in 2020 and will grow due to the steady provision of MRO services and airframe related solutions by prominent industry participants.

Alloys captured more than 50% of the overall industry value in 2020 and will exhibit high demand owing to multiple properties such as low-density, excellent fatigue, cryogenic toughness, and high specific modulus.

The line-fit segment will grow at a CAGR of 3.5% through 2027, considering the rising efforts of tier 1 companies for the expansion of their production capacities.