Aerostructures Market

Aerostructures Companies - Airbus SE (Netherlands) and Spirit AeroSystems Inc. (US) are the Key Players

The market for Aerostructures is projected to be USD 61.0 billion in 2023 and is estimated to reach USD 84.0 billion by 2028, at a CAGR of 6.6% during the forecast period. The growth of the aerostructures market is expected to grow significantly due to increasing adoption of composites and technological advancements in aerostructure industry.

Major Aerostructures Companies Include:

  • Airbus SE (Netherlands)
  • Spirit AeroSystems Inc. (US)
  • Raytheon Technologies Corporation (US)
  • Leonardo S.p.A (Italy)
  • GKN plc (UK)

Major manufacturers in this market are based in North America and Europe. Collaborations, product launches, contracts, and partnerships were the key growth strategies adopted by the leading market players from 2020 to 2023. Of these, the product launches and contracts strategies were the most widely adopted by the players to remain competitive in the market.

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Airbus SE

Airbus SE is a global leader in designing, manufacturing, and delivering space and aviation products and services worldwide. The company reportedly operates in three business segments, namely Airbus Helicopters, Airbus, and Airbus Defense and Space. Under the Airbus Defense and Space segment, the company provides aerostructure-related products such as fuselage parts, wings, tail sections, flight control surfaces, and other significant structural elements. The aerostructures are made with cutting-edge materials and production processes such as 3D printing, composites, and robots to maximize their weight, longevity, and strength. Airbus Aerostructures is one of the subsidiaries of Airbus SE. For the Airbus line of commercial aircraft, Airbus Aerostructures specializes in manufacturing cutting-edge aerostructures, such as wings and fuselage sections. The company’s primary activity is the design, production, and assembly of innovative metallic and composite structures as well as parts for Airbus’ commercial aircraft. Additionally, it offers services such as designing, testing, and certification to guarantee that its products adhere to the strict performance and safety requirements of the aviation sector. The design and production of aerostructures by Airbus Aerostructures is renowned for its cutting-edge technology and innovation. For instance, it has created a special method for producing composite wing components that uses automated tape-laying technology and enables more precise and effective production. The corporation employs thousands of highly qualified engineers and technicians and has a presence across Europe, including France, Germany, Spain, and the UK. In order to work together on research and development initiatives, it also has relationships with other aerospace businesses and academic organizations.

Spirit AeroSystems Inc.

Spirit AeroSystems Inc. (Spirit) develops and produces aerostructures for both commercial and military aircraft. The company manufactures a variety of aerostructures, such as wings, nacelles, pylons, and fuselages. Major aerospace companies, including Airbus SE (Netherlands), The Boeing Company (US), and Gulfstream (US), among others, employ these components. Many well-known aircraft models in the world use products from this company, which is one of the largest independent suppliers of aerostructures in the world. The company also offers a variety of defense-related goods and services in addition to its commercial aerospace business, including radomes, wing components, and other military aircraft structures. Spirit AeroSystems primarily operates in three business segments, namely Commercial, Defense & Aerospace, and Aftermarket. For large commercial aircraft and/or business/regional jets, the company’s Commercial segment designs and manufactures forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles (including thrust reversers), and related engine structural components, wings and wing components (including flight control surfaces), as well as other miscellaneous structural parts. For US Government defense programs, such as the Boeing P-8, C40, and KC-46 Tanker, which are modified commercial airplanes for military use, the company’s Defence & Space segment designs and manufactures fuselage, strut, nacelle, and wing aerostructures. The segment also covers work on fixed-wing aircraft aerostructures; missiles and hypersonics, including solid rocket motor throats and nozzles and re-entry vehicle thermal protection systems; rotorcraft aerostructures’ forward cockpit and cabin; and the fuselage of rotorcraft. The company’s Aftermarket segment covers the design, production, and sales of spare parts and MRO services, as well as repairs for radomes, rotatable assets, flight control surfaces, and nacelles. It also comprises engineering services, advanced composite repair, and other MRO services.

Raytheon Technologies Corporation

Raytheon Technologies Corporation is focused on the creation, production, and research of cutting-edge technologies for both industrial and military uses. The Raytheon Company and United Technologies Corporation merged to form the business in April 2020. The company develops, researches, and manufactures advanced technology products in the aerospace & defense sector, including aerostructures, aircraft engines, guided missiles, air defense systems, avionics, cybersecurity, satellites, and drones. The company has four major business segments, namely Collins Aerospace, Pratt & Whitney, Intelligence & Space, and Missiles & Defense. Collins Aerospace is a significant player in the aerospace & defense sector, providing a broad range of cutting-edge products and services to meet the needs of many market segments. It is well-positioned for future growth and success due to a strong focus on innovation, research and development, and sustainability. Collins Aerospace offers cutting-edge avionics, power, and mechanical systems, as well as aviation electronics and communications systems. It specializes in aerostructures, avionics, interiors, mechanical systems, mission systems, and power & control systems that serve customers across the commercial, regional, business aviation, defense, and space sectors.

Leonardo S.p.A

Leonardo S.p.A. (Leonardo) is among the top 10 players in the aerospace, defense, and security sectors, with a balanced and geographically distributed order backlog. The company operates in 150 countries, offering customers customized solutions and innovative value-added post-sale support services. Leonardo provides a wide range of defense and security solutions to the government, private, and commercial sectors. These include innovative airborne & terrestrial, naval & maritime, and space & cyberspace solutions. Leonardo operates through four business segments, namely Helicopters, Aeronautics, Defense Electronics & Security, and Other Activities. The Aeronautics segment includes the aircraft and aerostructures divisions. The aerostructures play a significant role in the supply of large structural components both, in traditional materials (such as aluminum alloys) and advanced materials (such as composites and hybrids), for the commercial aviation programs of major OEM Boeing (US) and Airbus (Netherlands) aircraft such as the 787, 767, the A321, and the A220. The company has a large supply network due to the presence of subsidiaries, joint ventures, and international partnerships across 20 countries, including the UK, Poland, and the US.

GKN plc

GKN plc, now part of Melrose plc (UK), combines engineering excellence and technological leadership. Melrose plc focuses on buying struggling companies and enhancing their performance. The business was established in 2003, and its main office is in London. Melrose plc focuses on companies that have solid fundamentals at their core but are underperforming due to operational or management problems. Melrose plc acquired GKN plc in 2018. GKN plc provides solutions to the civil, defense, engines, aerostructures, propulsion systems, and aftermarket services sectors. It is a market and technology leader in aerostructures, supporting customers in making aircraft fly faster, further, and greener. The company has three major business segments, namely Civil Airframes, Defense Airframes, and Engines. The Civil Airframes and Defense Airframes segments provide empennages, wing structures, fuselages, and components for helicopters, business jets, advanced fighter aircraft, single-aisle aircraft, and passenger planes. They also provide complete aerostructure MRO services, specializing in primary and secondary structures with extensive knowledge of metallic and composite repair techniques. The company’s customer base includes Airbus SE (Netherlands), The Boeing Company (US), Bombardier (Canada), Dassault Aviation (France), Embraer (Brazil), and Leonardo (Italy). It is currently present in 12 countries and has around 38 manufacturing locations.

Related Reports:

Aerostructures Market by Material (Composites, Alloys & Superalloys and Metals), Component, End User (OEM, Aftermarket), Aircraft Type (Commercial Aviation, Business & General Aviation, Military Aviation, UAVs and AAM), Region – Global Forecast to 2028

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Aerostructures Market Size,  Share & Growth Report
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