Market Overview:
The global commercial airframe component 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. The fuselage segment is expected to account for a major share of the global commercial airframe component market in 2018. This can be attributed to the increasing demand for narrow-body aircrafts across the globe. The wing segment is expected to register highest CAGR during the forecast period owing to rising demand for wide-body aircrafts globally.
Product Definition:
A commercial airframe component is a structural or mechanical element of an airplane that is used in the carrying of passengers or cargo. These components can include the fuselage, wings, tail, landing gear, and engines. They are important because they keep the plane structurally sound and allow it to fly safely.
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 from harsh air environments through wind and turbulence.
Wing:
The wing is one of the most important parts of an airplane. It helps in providing lift and stability to the aircraft during flight. The primary function of a wing is to provide increased distance between the airfoil and the engine, which generates forward thrust for propelling an airplane. Ailerons, flaps, elevators or turbines can be considered as examples of wings used on commercial airplanes for varying purposes.
Application Insights:
The narrow-body segment held the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The demand for these aircraft is generally higher than that of wide-body aircraft as they offer cheaper fares. However, a major concern regarding commercial aviation safety has hindered the growth of this segment. As per an article published by The Aviation Herald, narrow-body jets have a significantly higher crash rate than wide-body and regional jets do.
Narrow body jetliners such as Boeing 737, Airbus A320 family are widely used for short and medium haul air transportation services owing to their low cost operating models along with features such as single class seating arrangement which enables airlines to maintain high on time departure rates (OTDR). Moreover, increasing utilization of narrow body jetliners in leisure travel operations by offering attractive vacation packages has positively impacted industry growth over recent years.
Regional Analysis:
Asia Pacific dominated the global commercial airframe component market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for new-generation aircraft and rising disposable income of passengers. In addition, growing trade activities across emerging economies are anticipated to boost aircraft sales in this region.
The Asia Pacific regional market includes China, India, Japan and South Korea among other countries; however, China is dominating the overall Asia Pacific regional market with a share of 34% in 2017 owing to high demand from various sectors such as business class passengers and low-cost carrier operators for new-generation aircraft with better facilities such as Wi-Fi internet access inside the cabin along with advanced entertainment systems etcetera. Moreover, rising disposable income coupled with improving standard of living has led consumers towards luxury travel which further drives product sales at airports across this region.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.8% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the demand for commercial aircraft and their components.
- Technological advancements: Aircraft manufacturers are constantly working on developing new and more efficient aircraft designs that require advanced airframe components. This will spur the growth of the commercial airframe component market as airlines upgrade their fleets with newer planes.
- Stringent safety regulations: Airlines are increasingly becoming aware of the importance of adhering to stringent safety regulations, which has led to an increase in spending on aviation safety equipment and services such as commercial airframe components.
- Growing popularity of leasing: Leasing has become a popular option among airlines as it allows them to reduce capital expenditure and focus on their core business activities while still having access to modern aircraft fleets equipped with latest technologies and features requiring advanced components like those found in a commercial airliner’s frame structure or fuselage sections etcetera . 5) Rising disposable income levels: As incomes rise around the world, there is an increasing demand for premium travel experiences, which is driving growth in the airline industry overall – including within the commercial airframe component market
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Airframe Component Market Research Report
By Type
Fuselage, Wing, Empennage
By Application
Narrow-body, Wide-body, Regional jets
By Companies
Avcorp Industries, Exelis, Ferra Engineering, Precision Castparts, Triumph Group, HITCO Carbon Composites, LISI Aerospace, RUAG Aerostructures, Sonaca, TAL Manufacturing Solutions, Avcorp Industries
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Airframe Component Market Report Segments:
The global Commercial Airframe Component market is segmented on the basis of:
Types
Fuselage, Wing, Empennage
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, Wide-body, Regional jets
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:
- Avcorp Industries
- Exelis
- Ferra Engineering
- Precision Castparts
- Triumph Group
- HITCO Carbon Composites
- LISI Aerospace
- RUAG Aerostructures
- Sonaca
- TAL Manufacturing Solutions
- Avcorp Industries
Highlights of The Commercial Airframe Component 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
- Wing
- Empennage
- By Application:
- Narrow-body
- Wide-body
- Regional jets
- 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 Commercial Airframe Component 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
Commercial airframe component is a term used to describe any part or equipment that is not an integral part of the aircraft itself, but rather is added on as an aftermarket item.
Some of the major companies in the commercial airframe component market are Avcorp Industries, Exelis, Ferra Engineering, Precision Castparts, Triumph Group, HITCO Carbon Composites, LISI Aerospace, RUAG Aerostructures, Sonaca, TAL Manufacturing Solutions, Avcorp Industries.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Airframe Component Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Airframe Component Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Airframe Component Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Airframe Component Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Airframe Component Market Size & Forecast, 2020-2028
4.5.1 Commercial Airframe Component Market Size and Y-o-Y Growth
4.5.2 Commercial Airframe Component Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fuselage
5.2.2 Wing
5.2.3 Empennage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Narrow-body
6.2.2 Wide-body
6.2.3 Regional jets
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Airframe Component Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Airframe Component Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fuselage
9.6.2 Wing
9.6.3 Empennage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Narrow-body
9.10.2 Wide-body
9.10.3 Regional jets
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fuselage
10.6.2 Wing
10.6.3 Empennage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Narrow-body
10.10.2 Wide-body
10.10.3 Regional jets
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fuselage
11.6.2 Wing
11.6.3 Empennage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Narrow-body
11.10.2 Wide-body
11.10.3 Regional jets
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fuselage
12.6.2 Wing
12.6.3 Empennage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Narrow-body
12.10.2 Wide-body
12.10.3 Regional jets
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fuselage
13.6.2 Wing
13.6.3 Empennage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Narrow-body
13.10.2 Wide-body
13.10.3 Regional jets
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Airframe Component Market: Competitive Dashboard
14.2 Global Commercial Airframe Component Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avcorp Industries
14.3.2 Exelis
14.3.3 Ferra Engineering
14.3.4 Precision Castparts
14.3.5 Triumph Group
14.3.6 HITCO Carbon Composites
14.3.7 LISI Aerospace
14.3.8 RUAG Aerostructures
14.3.9 Sonaca
14.3.10 TAL Manufacturing Solutions
14.3.11 Avcorp Industries
