Authored By: Sarah
12 Dec 2023

Aerostructures Market through 2024-2028: Soaring at a USD 23.71 Billion Altitude!

The Aerostructures Market encompasses a broad spectrum of components crucial in aerospace engineering, including aircraft structures, wing structures, fuselage design, and composite materials. This sector revolves around the manufacturing and assembly of vital aircraft components, emphasizing innovation in aerostructure design.

Leveraging advanced aerospace engineering, the market continually explores structural mechanics to enhance aircraft efficiency, durability, and performance.

As per the forecast, the aerostructures market is expected to rise at a compound annual growth rate (CAGR) of 6.78% from 2023 to 2028, a spike of USD 23.71 billion is to be expected.

  • Technological developments are driving this market's expansion and creating a dynamic environment that meets the changing demands of the aerospace sector with an increasing demand for lightweight, durable, and high-strength aerostructures.
  • Rising count of air travelers globally stems from rapid economic growth in emerging nations like India, China, and Indonesia. Moreover, the expanding global tourism sector contributes to this surge in air passengers. Recent data from the World Bank Group also reveals a consistent uptick in registered carrier departures worldwide.

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Overview of the Aerostructures Market

Leading companies seizing this growth phase include Airbus SE, Albany International Corp., Cyient Ltd., DAHER, Elbit Systems Ltd., FACC AG, Groupe Industriel Marcel Dassault, Leonardo Spa, Magellan Aerospace Corp., Mahindra and Mahindra Ltd., Melrose Industries Plc, etc. Explore further insights about the market through our data-driven analysis of the Aerostructures Market.

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