The aerostructures market is projected to grow from USD 52.17 Billion in 2016 to USD 75.97 Billion by 2022, at a CAGR of 6.47% during the forecast period. Major drivers influencing the growth of the aerostructures market include increase in outsourcing of aerostructure manufacturing by OEMs to tier 1 and tier 2 suppliers, and rise in adoption of composite aerostructures by the general and commercial aviation sectors.
The aerostructures market has been segmented on the basis of component, material, platform, end-use, and region. Based on component, the aerostructures market has been classified into fuselage, empennage, flight control surfaces, wings, nose, and nacelle and pylon, among others. The fuselage segment is expected to lead the aerostructures market from 2016 to 2022. The empennage segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing usage of composite materials in the development of empennage.
North America is expected to lead the aerostructures market during the forecast period.
Increasing Demand for Outsourced Aerostructure Manufacturing
Increase in Commercial Aircraft Deliveries
Rise in Adoption of Composite Aerostructures By the General Aviation Industry
Recyclability Issue of Composites Materials
Adoption of 3D Printing for Aerostructure Manufacturing
Decline in the Cost of Composite Materials
High Cost of Transportation and Hurdles in Supply Chain