Authored By: Sarah
28 Sep 2023

Commercial Airframe Component Market Size to Decline by USD 4,054.71 Million at a CAGR of 6.36% Between 2022 and 2027

The commercial airframe component market is segmented by type (narrow-body and wide-body), component (fuselage, wing, and empennage), and geography (Europe, APAC, North America, Middle East, and Africa, and South America). The adoption of folded wings in commercial aircraft is the major commercial airframe component market trend which will positively influence the market value. 

Commercial Airframe Component Market Outlook 2027 

  • The commercial airframe component market share will value over USD 4,054.71 million by 2027 

  • It is estimated to decline at a CAGR of 6.36% from 2022 to 2027 

  • The commercial airframe component market size will witness a YOY growth rate of 6.95% in 2023 

Get a peek into the Commercial Airframe Component Market Analysis Report 2023-2027. Unlock the Sample Report The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 9675.19 Million.

Browse Technavio's 166-page report and in-depth TOC on "Commercial Airframe Component Market by type (narrow-body and wide-body), component (fuselage, wing, and empennage), and geography (Europe, APAC, North America, Middle East and Africa, and South America).

View detailed Table of Contents Here: https://www.technavio.com/report/commercial-airframe-component-market-industry-analysis

Commercial Airframe Component Market Size to Decline by USD 4,054.71 Million at a CAGR of 6.36% Between 2022 and 2027

Adoption of Folded Wings in Commercial Aircraft will Fuel the Market Growth  

The improvements in the designs of aircraft have led to the development of foldable wings for commercial aircraft. The new wing configuration allows the wings to be folded above the fuselage and, consequently, occupy less space inside a hangar. These developments will have a positive impact on the growth of the market during the forecast period.

Growing Air Passenger Traffic to Drive Market Growth 

The primary reason for the growing number of air passengers across the world is the rapid economic development in emerging economies such as India, China, and Indonesia. Other major factors which are expected to contribute to the increasing air passenger traffic are the expanding middle-class population in emerging economies, the growing inclination of this population group for air travel, and the rise in the global working-age population. 

Commercial Airframe Component Market Vendors 

Some of the major commercial airframe component market vendors are: 

  • Aernnova Aerospace SA
  • Avion Alloys Inc.
  • Bharat Forge Ltd.
  • Commercial Aircraft Corporation of China Ltd.
  • Deutsche Lufthansa AG
  • Ferra Engineering Pty Ltd
  • Latecoere
  • Lisi Aerospace SAS
  • Melrose Industries Plc
  • Mitsubishi Heavy Industries Ltd.
  • Precision Castparts Corp.
  • RUAG International Holding Ltd.
  • Sonaca SA
  • Spirit AeroSystems Holdings Inc.
  • Thomas B. Thriges Foundation
  • Triumph Group Inc.
  • Airbus SE
  • Eaton Corp. Plc
  • The Boeing Co.

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • The high costs of compliance are the major hindrance for market players 

  • The commercial airframe component market structure is fragmented in nature. 

  • 33% of commercial airframe component market growth will develop from Europe. 

  • The market growth by the narrow-body segment will be significant during 2023-2027.

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