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 by adding successive layers of material. Unlike traditional manufacturing methods, which involve removing material from a stock, AM builds objects directly from digital model data, such as Computer-Aided Design (CAD) files or Additive Manufacturing Files (AMF). This process allows for the creation of complex geometries and shapes that are difficult or impossible to produce through conventional methods. By utilizing AM, businesses can streamline their manufacturing processes, reduce material waste, and innovate new product designs. 

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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
• Aircraft Type
  • Commercial
  • Military
  • General Aviation
• 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 Market is experiencing significant advancements with a focus on Structural Health Monitoring, Integrated Systems, and Composite Repair for lightweight design and aerodynamic optimization. High-performance materials, Advanced Composites, and Manufacturing Automation are key drivers, along with Supply Chain Resilience, Digital Engineering, Virtual Prototyping, and Aerospace Software. Sustainable aviation, Green Technologies, and Next-Generation Aircraft are at the forefront of innovation, supported by Industry Partnerships, Research and Development, and a skilled Aerospace Workforce. The Global Aerospace Market thrives on investments, competitive advantage, and emerging markets.

Market Research Overview

The Aerostructures market is a significant segment of the global capital goods industry, contributing to the revenue generation of manufacturers and providers in the aerospace and defense sector. This market focuses on the production of key components such as aircraft structures, tail sections, and engine nacelles, utilizing advanced materials like composite materials and metal alloys. The aerospace and defense industry, encompassing commercial and general aviation, defense platforms, arms and ammunition, defense electronics, defense logistics equipment, and space platforms, is a key consumer of these aerostructures. Additionally, maintenance, overhaul, and repair (MRO) activities related to both commercial and defense sectors contribute to the market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/