Market Leader - Aerostructures Market
The market for Aerostructures is estimated to be USD 49.0 billion in 2021 and is projected to reach USD 75.0 billion by 2026, at a CAGR of 9.0% during the forecast period. The growth of this market is mainly driven by increase in number of aircrafts, increase in demand for UAVs and introduction of advanced aircrafts.
Key players have adopted various organic and inorganic strategies to strengthen their position in the Aerostructures market. The Aerostructures market includes major players Spirit AeroSystems (US), Airbus (Netherlands), Saab AB (Sweden), Triumph group Inc (US), and Leonardo S.P.A (Italy) these players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.
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Airbus is a leader in designing, manufacturing, and delivering aerospace products, services, and solutions to customers on a worldwide scale. Airbus is the largest aeronautics and space company in Europe and a worldwide leader, the company is at the forefront of the aviation industry. Airbus aircraft has aerostructures the major assembly elements that come together in creating their airframes, including fuselage sections, wing components and flight control surfaces, along with fairings, doors, and bulkheads. Airbus Atlantic a subsidiary of airbus was established on 1 January 2022 with an estimated business volume of more than USD 3.9 Bn. Airbus Atlantic is the new world n°2 player in aerostructures market, n°1 in pilot seats and in the Top 3 for Premium passenger seat marketed under the STELIA Aerospace brand. Airbus Atlantic is an essential part of Airbus’s value chain and plays a key-role in the whole aerostructures’ supply-chain with more than 500 suppliers on flying products and more than 2,000 on general procurement products. Airbus Atlantic engineers, develops, industrializes, and manufactures complex composite and metallic aerostructure components as a Design & Build and a Build to Print partner for civil and military aircraft programs.
Spirit AeroSystems is one of the worlds largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. The company operates in three principal segments: Fuselage Systems, Propulsion Systems, Wing Systems. The Fuselage Systems segment includes forward section of the aerostructure, which houses the flight deck, passenger cabin, and cargo area, mid and rear fuselage sections, and other structure components of the fuselage, including floor beam. The Propulsion Systems segment includes Nacelles (including thrust reversers), struts/pylons, Other structural engine components and related spares and MRO service. The Wing Systems segment includes development, production, and marketing of parts, assemblies and a fully integrated wing including horizontal and vertical stabilizers, flaps and slats, wing structures.
Saab serves the global market with world-leading products, services, and solutions from military defense in all domains to civil security. Saab has defined five core areas where we are focusing our investments. They constitute areas where Saab has a world leading position, strong support from customers and where we expect significant growth going forward. In these areas Saab will continuously invest to secure excellence in competence and future capabilities. The five core areas are aeronautics, advanced weapons systems, command and control systems, sensors, and underwater systems. Aeronautics segments in Saab is an innovative supplier of world-class fighter systems, such as Gripen, but is also engaged in research, development, and production of other aircraft systems. That includes future manned and unmanned systems as well as further development of existing products.
Related Reports:
Aerostructures Market by Material(Composites, Alloys & Superalloys and Metals), Component, End User (OEM, Aftermarket), Platform (Fixed Wing, Rotary Wing, UAVs, Advanced Air Mobility) & Region (North America, Europe, APAC, RoW) - Global Forecast to 2026
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