Aerostructures Market to Increase Gradually with the CAGR 6.8% over 2023-2030; Increasing Demand And Adoption For Chevron Nozzle Exhaust To Drive Market Growth

The global aerostructures market size is estimated to display strong growth by reaching USD 183.24 billion by 2030. Fortune Business Insights™ in its report titled “Aerostructures Market Size, Share & COVID-19 Impact Industry Analysis, By Components (Wings, Nose, Fuselage, Nacelle & Pylon, Empennage, and Others), By Material (Alloys, Composite, and Metals), By Platform (Fixed-Wing Aircraft (Commercial, Military, Business Jet, and General Aviation Aircraft) and Rotary-Wing Aircraft (Commercial Helicopters, Military Helicopters, and UAVs), and Regional Forecast, 2023-2030” observes that the market size in 2022 stood at USD 107.07 billion and is expected to reach USD 115.26 billion in 2023. The market is expected to witness a strong CAGR of 6.85% during 2023-2030. Airframe consist of nose, wings, nacelle & pylon, fuselage, and landing gear and doors. Increasing demand and adoption for chevron nozzle exhaust is expected to boost the market growth during the forecast period.  Integration of 3D printing and machine learning technologies for efficient production is set to propel product demand. Increasing usage of composite materials is set to drive the market growth.

Heart Aerospace Partnered With Finnish Islands For The Deployment Of The Hybrid-Electric Regional Airliner

In March 2023, Heart Aerospace partnered with Finnish islands, government of Aland for the deployment of the hybrid-electric regional airliner, ES-30. The deployment took place on the Baltic sea group of islands. Market players have been expanding its geographical presence in the various regions which is set to drive the competitive strike in the market.

Halt In Aviation Operations Due To The Lockdown Led To A Decrease In Aircraft Deliveries

The COVID-19 pandemic has led to decrease in the demand of aircraft aerostructure due to a disrupted supply chain. Additionally, a halt in aviation operations due to the lockdown led to a decrease in aircraft deliveries, leading to a decline in the production of the components. COVID-19 pandemic dramatically impacted the annual orders. In 2020, the global deliveries were 723 aircrafts, which is 42% less than the year 2019 and 55.3% less than the year 2018. However, the market has overgrown the decline and due to increased passenger traffic, which will be able to retreat to pre-pandemic demands.

Integration Of Emerging Technologies Such As 3D Printing And Machine Learning To Drive Market Growth

Integration of 3D technology is set to drive aerostructures market growth. OEMs have been integrating emerging technologies such as 3D printing and machine learning for the efficient production, design, and manufacturing of components. In September 2022, GKN Aerospace unveiled its largest titanium structural aerostructure. The manufacturing was aided with 3D printing and analytics to support effective and efficient utilization.  OEMs have been composite materials owing to their relative properties such as durability, reliability, and toughness.  Glass-reinforced plastics (GRP) and fiber-reinforced plastics (FRP) are composites which are mainly used to fabricate the skin and outer layers of the aircraft.

However, the high costs associated with the maintenance and repair limit the market growth as these components aren’t refurbished after wear and tear.

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Leonardo SpA Is Expected To Lead The Market Owing To Its Global Presence

The market analysis has numerous global and regional players operating in this industry with different product portfolios. The market players have been focusing on producing lightweight structures. The players in the industry are Airbus SAS, Bombardier Inc., SAAB AB, Triumph Group Inc., Cyient Ltd, and others. Leonardo SpA is expected to lead the market owing to its global presence.

Key Industry Development

• January 2023: General Atomics Aeronautical Systems, Inc. (GA-ASI) partnered with Bharat Forge for boosting the airframe manufacturing in India. The partnership includes manufacturing subassemblies, landing gear components, and remote-pilot aircraft assemblies.

List of Key Companies Profiled in the Market Report:

• AAR Corp (U.S.)


• Bombardier Inc. (U.S.)


• SAAB AB (Sweden)


• Spirit Aerosystems Inc. (U.S.)


• Triumph Group Inc. (U.S.)


• Cyient Ltd (India)


• Elbit Systems Ltd (Israel)


• GKN Aerospace (U.K.)


• Leonardo SpA (Italy)


• The Boeing Company (U.S.)


• Airbus SAS (France)

Further Report Findings

• North America is set to dominate the global aerostructures market share due to the presence of top OEMs in the region. The market was valued at USD 40.34 billion in 2022.


• Europe accounted for the second-highest market share in 2022 due to growing demand for composite aerostructures. Additionally, key regional players are expected to boost the market in the region during the forecast period.

Table of Segmentation