Aerostructures and Engineering Services Market, Global Outlook and Forecast 2024-2030
The global Aerostructures and Engineering Services market size was valued at US$ 45.67 billion in 2024 and is projected to reach US$ 67.89 billion by 2030, at a CAGR of 6.8% during the forecast period 2024-2030.
The United States Aerostructures and Engineering Services market size was valued at US$ 15.34 billion in 2024 and is projected to reach US$ 22.45 billion by 2030, at a CAGR of 6.5% during the forecast period 2024-2030.
Aerostructures and Engineering Services encompass the design, manufacturing, and maintenance of aircraft structural components along with related engineering support services.
The global market is experiencing steady growth, driven by commercial aviation recovery and defense modernization programs. In 2023, the industry delivered components for 1,200 new aircraft globally, with commercial aviation accounting for 65% of revenue. The market saw a 28% increase in composite structure adoption in 2023. Fuselage components dominate with a 40% market share, while wing structures are growing at 8% annually. North America leads with a 42% market share, while Asia Pacific is the fastest-growing region at 7.5% CAGR. The industry is focusing on developing advanced manufacturing technologies, with a 35% growth in R&D investments for automation and digital twin capabilities.
Report Overview
Aerostructures are components of an aircraft frame. Aerostructures are designed to obtain higher aircraft efficacies, smooth flight travels, high weight handling capacities, and a few other requirements. The report analyzes the Aircraft Aerostructures market, which include component fuselage, empennage, flight control surfaces, wings, nose, and nacelle and pylon, among others.
This report provides a deep insight into the global Aerostructures and Engineering Services market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Aerostructures and Engineering Services Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Aerostructures and Engineering Services market in any manner.
Global Aerostructures and Engineering Services Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Spirit AeroSystems
Premium Aerotech
GKN Aerospace (Melrose Industries)
Bombardier
Leonardo
Stelia Aerospace
Subaru Corporation
Collins Aerospace Systems
Korea Aerospace Industries
Safran
Mitsubishi Aircraft Corporation
Irkut
Triumph Group
Saab
Kawasaki Heavy Industries
FACC
Ruag Group
Elbit Systems
COMAC
Market Segmentation (by Type)
Fuselage
Empennage
Flight Control Surfaces
Wings
Nose
Nacelle
Pylon
Engineering Service
Others
Market Segmentation (by Application)
Narrow-Body Aircraft
Wide-Body Aircraft
Regional Aircraft
Helicopter
General Aviation
Military Aircraft
UAV
Geographic Segmentation
