DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Aerostructures Market by Component (Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle & Pylon), Material (Composite, Alloys, Metals), End-Use (OEM, Aftermarket), Platform (Fixed & Rotary Wing), and Region - Global Forecast to 2022" report to their offering.
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
The growth of this market is mainly attributed to the rise in aircraft deliveries in the commercial and general aviation sectors. In addition, outsourcing of aerostructure manufacturing by major OEMs to tier 1 and tier 2 suppliers is further anticipated to drive the growth of the aerostructures market. However, recyclability issues associated with composite materials are restraining the growth of the market.
Based on component, the aerostructures market has been segmented into fuselage, empennage, flight control surfaces, wings, nose, and nacelle and pylon, among others. The empennage segment is projected to grow at the highest CAGR from 2016 to 2022. This growth is mainly attributed to the increasing usage of composite materials in the manufacture of empennage.
Based on material, the composites segment led the aerostructures market in 2016. Increasing adoption of composite aerostructures by the commercial and general aviation sectors is expected to drive the growth of the composites segment.
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
- Uncertainties in Failure Prediction
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aerostructures Market, By Component
8 Aerostructures Market, By Material
9 Aerostructures Market, By End-Use
10 Aerostructures Market, By Platform
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- Aar Corp.
- Bombardier Inc.
- Cyient Ltd.
- Elbit Systems Ltd.
- GKN Aerospace
- Leonardo S.P.A.
- Ruag Holding AG
- Saab AB
- Spirit Aerosystems, Inc.
- Stelia Aerospace Group
- Triumph Group, Inc.
- UTC Aerospace Systems
For more information about this report visit http://www.researchandmarkets.com/research/p6kslt/aerostructures