DUBLIN--(BUSINESS WIRE)--The "Global Aerospace Engineering Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The aerospace engineering market worldwide was valued at US$ 70.0 Bn in 2016, and is expected to expand at a CAGR of 4.1% from 2017 to 2025.
The aerospace engineering industry has been witnessing immense growth in the recent period on account of a rise in the overall airline industry across the world. With increasing demand for new aircraft in order to meet the rising air travel, numerous leading aircraft manufacturers have been engaged in procurement of various aircraft components and services. In addition, technological advancements in aerospace engineering have resulted into a trend of aircraft replacement. Various airline operators across the world seek to maintain updated and state-of-the-art aircrafts in order to retain dominance in their respective markets.
As of 2016, the overall aerospace engineering market is led by the aerospace structures segment. The segment contributed to over 60% of the total market revenue in 2016. The aerospace structures encompass numerous components such as fuselage, wings, empennage, vertical stabilizer, control surfaces and rudder, lift control devices, powerplant, flap, propeller, propulsion devices, landing gear, nose gear, cockpit, controls, systems and hydraulics, among others. The aerospace engineering services segment is expected to witness the fastest growth during the forecast period from 2017 to 2025.
UTC Aerospace Systems is among the market leaders in the global aerospace engineering market. UTC Aerospace Systems focuses on the development of new system and services for new age aircraft for both military and commercial aircraft. The company perpetually introduce a new and improved solution for the aircraft such as new non-chromate landing gear corrosion protection primer incorporating its patented EcoSk pigment recently. The company has also adopted the strategy of alliances with other companies to maintain its market value and position.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Aerospace Engineering Market Analysis, By Component
Chapter 5 Global Aerospace Engineering Market Analysis, By Application
Chapter 6 North America Aerospace Engineering Market Analysis
Chapter 7 Europe Aerospace Engineering Market Analysis
Chapter 8 Asia Pacific Aerospace Engineering Market Analysis
Chapter 9 Rest of the World Aerospace Engineering Market Analysis
Chapter 10 Company Profiles
- WS Atkins Plc.
- Bombardier, Inc.
- Cyient Ltd.
- Elbit Systems Ltd.
- Leonardo DRS
- Saab Group
- Safran System Aerostructures
- Sonaca Group
- Strata Manufacturing PJSC
- UTC Aerospace Systems
- General Dynamics Corporation
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