Market Overview:
The global aerostructures and engineering services market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for commercial aircrafts across the globe. Based on type, the fuselage segment is expected to account for a major share of the global aerostructures and engineering services market during the forecast period. This can be attributed to increasing demand for narrow-body aircrafts across different regions.
Product Definition:
Aerostructures and Engineering Services is the process of designing and manufacturing aircraft components. It is important because it allows planes to fly safely and efficiently.
Fuselage:
The fuselage is the central body of an aircraft, which contains a number of important structural components such as the cockpit, passenger cabins and cargo holds. The primary function of a fuselage is to provide support for its wings. In addition, it also provides protection to the wings and other flight critical elements from wind loads and turbulence caused by air movement around the structure.
Empennage:
Empennage is the tail assembly of an aircraft. It comprises vertical and horizontal stabilizers, elevators, rudders, and ailerons. Empennage plays a significant role in the flight control system of an aircraft by providing stability during turns or banked manuevers. Additionally, it helps to maintain directional control while making sharp banked turns at high airspeeds or altitudes.
Application Insights:
Narrow-body aircraft accounted for the largest revenue share in 2017 and are expected to continue their dominance over the forecast period. The growing demand for narrow-body aircraft from low-cost carriers is anticipated to remain a key factor driving growth. In addition, increasing production of narrow-body aircraft by major players such as Airbus, along with ongoing projects, is likely to drive industry growth over the coming years.
Wide-Body Aircraft application segment was valued at USD 2.97 billion in 2017 and is projected to witness significant growth over the forecast period owing to an increase in long haul travel demand across various regions coupled with a rise in air passenger traffic due largely without a doubt increased efficiency of wide body airplanes which allows them fly longer distances per unit of fuel consumed has led many airlines including Lufthansa Technik AG., American Airlines Group Inc., United Continental Holdings Inc., etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from UAV and military aircraft manufacturers, especially in the U.S. Furthermore, rising investments by OEMs are anticipated to drive growth over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rapid economic development coupled with increased spending on civil aviation infrastructure development in countries such as China and India, which has resulted in high product demand across all types of aerostructure applications. Moreover, growing manufacturing facilities by OEMs will further boost regional growth over coming years. For instance, Airbus S A recently announced plans for a new assembly line at Toulouse (France) that would manufacture A320 family aircraft under licence from Singapore Technologies Aerospace Ltd (ST Aerospace).
Growth Factors:
- Increasing demand for aircrafts and rise in air traffic: The growth in the aerostructures and engineering services market is mainly attributed to the increasing demand for aircrafts across the globe. In addition, the rise in air traffic has also resulted in an increase in the need for aerostructures and engineering services.
- Technological advancements: The advancement of technology has led to new and innovative products being developed, which has resulted in an increase in demand for aerostructures and engineering services.
- Growing aviation sector: The aviation sector is growing at a rapid pace due to factors such as globalization, rising income levels, etc., which is resulting in an increased demand for aerostructures and engineering services.
- Expansion of airline fleets: Airlines are expanding their fleets by adding more planes to their existing fleet, thereby resulting in an increased demand for aerostructures and engineering services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerostructures and Engineering Services Market Research Report
By Type
Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle, Pylon, Engineering Service, Others, Aerostructures and Engineering Service
By Application
Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, Helicopter, General Aviation, Military Aircraft, UAV
By Companies
Spirit AeroSystems, Premium Aerotech, GKN Aerospace (Melrose Industries), Bombardier, Leonardo, Stelia Aerospace, Subaru Corporation, Collins Aerospace Systems, Korea Aerospace Industries, Safran, Mitsubishi Aircraft Corporation, Irkut, Triumph Group, Saab, Kawasaki Heavy Industries, FACC, Ruag Group, Elbit Systems, COMAC, Aerostructures and Engineering Service
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Aerostructures and Engineering Services Market Report Segments:
The global Aerostructures and Engineering Services market is segmented on the basis of:
Types
Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle, Pylon, Engineering Service, Others, Aerostructures and Engineering Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, Helicopter, General Aviation, Military Aircraft, UAV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Spirit AeroSystems
- Premium Aerotech
- GKN Aerospace (Melrose Industries)
- Bombardier
- Leonardo
- Stelia Aerospace
- Subaru Corporation
- Collins Aerospace Systems
- Korea Aerospace Industries
- Safran
- Mitsubishi Aircraft Corporation
- Irkut
- Triumph Group
- Saab
- Kawasaki Heavy Industries
- FACC
- Ruag Group
- Elbit Systems
- COMAC
- Aerostructures and Engineering Service
Highlights of The Aerostructures and Engineering Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fuselage
- Empennage
- Flight Control Surfaces
- Wings
- Nose
- Nacelle
- Pylon
- Engineering Service
- Others
- Aerostructures and Engineering Service
- By Application:
- Narrow-Body Aircraft
- Wide-Body Aircraft
- Regional Aircraft
- Helicopter
- General Aviation
- Military Aircraft
- UAV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerostructures and Engineering Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerostructures and Engineering Services is a company that provides engineering services to the aerospace and defense industry. The company offers a range of services, including design, analysis, fabrication, testing and certification. It also provides consulting services to clients in the aerospace and defense industries.
Some of the major companies in the aerostructures and engineering services market are Spirit AeroSystems, Premium Aerotech, GKN Aerospace (Melrose Industries), Bombardier, Leonardo, Stelia Aerospace, Subaru Corporation, Collins Aerospace Systems, Korea Aerospace Industries, Safran, Mitsubishi Aircraft Corporation, Irkut, Triumph Group, Saab, Kawasaki Heavy Industries, FACC, Ruag Group, Elbit Systems, COMAC, Aerostructures and Engineering Service.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerostructures and Engineering Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aerostructures and Engineering Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aerostructures and Engineering Services Market - Supply Chain
4.5. Global Aerostructures and Engineering Services Market Forecast
4.5.1. Aerostructures and Engineering Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aerostructures and Engineering Services Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aerostructures and Engineering Services Market Absolute $ Opportunity
5. Global Aerostructures and Engineering Services Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aerostructures and Engineering Services Market Size and Volume Forecast by Type
5.3.1. Fuselage
5.3.2. Empennage
5.3.3. Flight Control Surfaces
5.3.4. Wings
5.3.5. Nose
5.3.6. Nacelle
5.3.7. Pylon
5.3.8. Engineering Service
5.3.9. Others
5.3.10. Aerostructures and Engineering Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aerostructures and Engineering Services Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aerostructures and Engineering Services Market Size and Volume Forecast by Application
6.3.1. Narrow-Body Aircraft
6.3.2. Wide-Body Aircraft
6.3.3. Regional Aircraft
6.3.4. Helicopter
6.3.5. General Aviation
6.3.6. Military Aircraft
6.3.7. UAV
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aerostructures and Engineering Services Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aerostructures and Engineering Services Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aerostructures and Engineering Services Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aerostructures and Engineering Services Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aerostructures and Engineering Services Demand Share Forecast, 2019-2026
9. North America Aerostructures and Engineering Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aerostructures and Engineering Services Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aerostructures and Engineering Services Market Size and Volume Forecast by Application
9.4.1. Narrow-Body Aircraft
9.4.2. Wide-Body Aircraft
9.4.3. Regional Aircraft
9.4.4. Helicopter
9.4.5. General Aviation
9.4.6. Military Aircraft
9.4.7. UAV
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aerostructures and Engineering Services Market Size and Volume Forecast by Type
9.7.1. Fuselage
9.7.2. Empennage
9.7.3. Flight Control Surfaces
9.7.4. Wings
9.7.5. Nose
9.7.6. Nacelle
9.7.7. Pylon
9.7.8. Engineering Service
9.7.9. Others
9.7.10. Aerostructures and Engineering Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aerostructures and Engineering Services Demand Share Forecast, 2019-2026
10. Latin America Aerostructures and Engineering Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aerostructures and Engineering Services Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aerostructures and Engineering Services Market Size and Volume Forecast by Application
10.4.1. Narrow-Body Aircraft
10.4.2. Wide-Body Aircraft
10.4.3. Regional Aircraft
10.4.4. Helicopter
10.4.5. General Aviation
10.4.6. Military Aircraft
10.4.7. UAV
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aerostructures and Engineering Services Market Size and Volume Forecast by Type
10.7.1. Fuselage
10.7.2. Empennage
10.7.3. Flight Control Surfaces
10.7.4. Wings
10.7.5. Nose
10.7.6. Nacelle
10.7.7. Pylon
10.7.8. Engineering Service
10.7.9. Others
10.7.10. Aerostructures and Engineering Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aerostructures and Engineering Services Demand Share Forecast, 2019-2026
11. Europe Aerostructures and Engineering Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aerostructures and Engineering Services Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aerostructures and Engineering Services Market Size and Volume Forecast by Application
11.4.1. Narrow-Body Aircraft
11.4.2. Wide-Body Aircraft
11.4.3. Regional Aircraft
11.4.4. Helicopter
11.4.5. General Aviation
11.4.6. Military Aircraft
11.4.7. UAV
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aerostructures and Engineerng Services Market Size and Volume Forecast by Type
11.7.1. Fuselage
11.7.2. Empennage
11.7.3. Flight Control Surfaces
11.7.4. Wings
11.7.5. Nose
11.7.6. Nacelle
11.7.7. Pylon
11.7.8. Engineering Service
11.7.9. Others
11.7.10. Aerostructures and Engineering Service
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aerostructures and Engineering Services Demand Share, 2019-2026
12. Asia Pacific Aerostructures and Engineering Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aerostructures and Engineering Services Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aerostructures and Engineering Services Market Size and Volume Forecast by Application
12.4.1. Narrow-Body Aircraft
12.4.2. Wide-Body Aircraft
12.4.3. Regional Aircraft
12.4.4. Helicopter
12.4.5. General Aviation
12.4.6. Military Aircraft
12.4.7. UAV
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aerostructures and Engineering Services Market Size and Volume Forecast by Type
12.7.1. Fuselage
12.7.2. Empennage
12.7.3. Flight Control Surfaces
12.7.4. Wings
12.7.5. Nose
12.7.6. Nacelle
12.7.7. Pylon
12.7.8. Engineering Service
12.7.9. Others
12.7.10. Aerostructures and Engineering Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aerostructures and Engineering Services Demand Share, 2019-2026
13. Middle East & Africa Aerostructures and Engineering Services Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aerostructures and Engineering Services Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aerostructures and Engineering Services Market Size and Volume Forecast by Application
13.4.1. Narrow-Body Aircraft
13.4.2. Wide-Body Aircraft
13.4.3. Regional Aircraft
13.4.4. Helicopter
13.4.5. General Aviation
13.4.6. Military Aircraft
13.4.7. UAV
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aerostructures and Engineering Services Market Size and Volume Forecast by Type
13.7.1. Fuselage
13.7.2. Empennage
13.7.3. Flight Control Surfaces
13.7.4. Wings
13.7.5. Nose
13.7.6. Nacelle
13.7.7. Pylon
13.7.8. Engineering Service
13.7.9. Others
13.7.10. Aerostructures and Engineering Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aerostructures and Engineering Services Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aerostructures and Engineering Services Market: Market Share Analysis
14.2. Aerostructures and Engineering Services Distributors and Customers
14.3. Aerostructures and Engineering Services Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Spirit AeroSystems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Premium Aerotech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GKN Aerospace (Melrose Industries)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bombardier
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Leonardo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stelia Aerospace
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Subaru Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Collins Aerospace Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Korea Aerospace Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Safran
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mitsubishi Aircraft Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Irkut
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Triumph Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Saab
14.4.14.1. Overview
14.4.14.2. F
