Latest News- Aerostructures Market: OEM is expected to lead the End-user segment during 2025-2029

The Aerostructures Market is being driven by Aviation-friendly government initiatives in APAC

The Aerostructures Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 33.5 billion. Additive manufacturing (AM), also known as 3D printing, is a cutting-edge technology that constructs three-dimensional objects layer by layer, contrasting conventional manufacturing methods that remove material from a stock. AM utilizes digital model data from 3D models or electronic files, such as Additive Manufacturing Files (AMF), to generate objects of intricate geometries and shapes. This process, which involves adding successive layers of material, offers significant advantages over traditional manufacturing techniques. By employing Computer-Aided Design (CAD) models or AMF files, AM builds complex structures without the need for costly tooling or the time-consuming process of material removal. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • OEM
  • Aftermarket
• Platform
  • Fixed wing aircraft
  • Rotary wing aircraft
• Component
  • Fuselages
  • Wings
  • Empennages
  • Flight control surfaces
  • Others
• Material
  • Alloys and superalloys
  • Composites
  • Metals
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Aviation-friendly government initiatives in APAC
• Growing air passenger traffic
• Implementation of composite materials for aerostructure components

However, the market also witnesses some limitations, which are as follows:

• Delays in aircraft delivery
• High costs of compliance for aerostructure components
• Volatility in prices of raw material used for aerostructure components

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Market Scope in Aerostructures Market Research Report

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Research Analysis Overview

The Aerostructures Industry encompasses the design, manufacturing, and assembly of advanced components for aircraft and spacecraft. These structures include fuselages, wings, and tail sections, made from cutting-edge materials like composites and recycled materials. Aerostructures play a crucial role in fuel consumption, performance, and emissions, with a focus on eco-friendly goods and reducing carbon emissions. Sustainable production techniques and the use of biofuels are also prioritized. Propulsion systems and aerodynamics are key considerations in the industry's design and manufacturing process. The environmental profile of airlines is improved through the production of sustainable aerostructures. Spacecraft also benefit from these advancements in design and manufacturing, contributing to the overall growth of the Aerostructures Market.

Market Research Overview

The aerospace and defense industry encompasses the production of advanced aerostructures for commercial and general aviation, as well as defense applications in naval, land, and air domains. Manufacturers and providers in this sector utilize cutting-edge materials and innovative production techniques to create fuel-efficient, high-performance aerostructures that prioritize aerodynamics and emissions reduction. With increasing environmental concerns and the demand for eco-friendly goods, the focus on sustainable aerostructures and minimizing carbon emissions is crucial. The global aerospace and defense market, which includes MRO activities, generates significant revenue for capital goods manufacturers in industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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