Global Commercial Aircraft Aerostructures Growth Opportunities

Global Commercial Aircraft Aerostructures Growth Opportunities

Rising Demand for Aircraft Composite Parts Provides Linefit Opportunities to Aerostructures Suppliers

RELEASE DATE
05-Dec-2022
REGION
Global
Research Code: PDD9-01-00-00-00
SKU: AE01661-GL-MT_27204
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Description

The global commercial aircraft aerostructures market study provides an 11-year forecast from 2022 to 2032. The total market was worth $45.40 billion in 2021, and considering the COVID-19 pandemic impact, Frost & Sullivan forecasts a compound annual growth rate (CAGR) of 8.4% until 2032.

The market has two segments: linefit and aftermarket. Driven by new aircraft deliveries, linefit accounted for a higher market share than aftermarket, the demand of which comes from aircraft fleets in service.

Spirit Aerosystems is the market leader, followed by Triumph Group, Airbus, Arconic, and Leonardo. The market share of these leading five companies is 69%. Besides aerostructures suppliers, leading aircraft OEMs such as Airbus and Boeing also have in-house capabilities to produce aerostructures. In addition, they work with other players by developing joint ventures. Demand for narrowbody is the highest.

Asia-Pacific-based airlines generate the highest demand for new aircraft, primarily due to the increased need for air travel in China and India. To cater to the rising demand for domestic air travel, both countries' airlines have ordered narrowbody aircraft, increasing linefit growth opportunities for nacelle suppliers.

Due to weak demand, Airbus made the final delivery of the A380 aircraft in 2021, and the last delivery of the 747 will occur in 2022. De Havilland Canada and Mitsubishi halted the production of Dash 8 and the SpaceJet program, respectively, which will reduce linefit growth opportunities.

The United States and Europe are restructuring their aircraft fleets by replacing older aircraft with more efficient ones. This will help airlines save on fuel and maintenance costs. But for aerostructures suppliers, it would mean fewer aftermarket opportunities. The Russo-Ukrainian War triggered stringent sanctions on Russia by the western world. This dampened the production capability of Russian aircraft platforms as Russian-built aircraft are highly dependent on western components suppliers.

Key Features

  • Size and state of the global commercial aircraft aerostructures market 
  • The COVID-19 pandemic's impact
  • Drivers and restraints
  • Notable vendors and their positioning in the competitive landscape
  • Opportunities for commercial aircraft aerostructures suppliers

Author: Waseem Ahmed Khan


RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Commercial Aircraft Aerostructures Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Linefit Value Chain

Aftermarket Value Chain Analysis

Segmentation

Key Vendors

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Industry Vertical

Revenue Forecast by Application

Revenue Forecast by Region

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Region (continued)

Pricing Trends Analysis

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Application

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Application

Forecast Analysis

Growth Opportunity 1: Composite Aerostructures for Narrowbody Aircraft

Growth Opportunity 1: Composite Aerostructures for Narrowbody Aircraft (continued)

Growth Opportunity 2: Low-cost Manufacturing Facilities in India

Growth Opportunity 2: Low-cost Manufacturing Facilities in India (continued)

Growth Opportunity 3: Partnership with All-electric Aircraft Manufacturers

Growth Opportunity 3: Partnership with All-electric Aircraft Manufacturers (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

The global commercial aircraft aerostructures market study provides an 11-year forecast from 2022 to 2032. The total market was worth $45.40 billion in 2021, and considering the COVID-19 pandemic impact, Frost & Sullivan forecasts a compound annual growth rate (CAGR) of 8.4% until 2032. The market has two segments: linefit and aftermarket. Driven by new aircraft deliveries, linefit accounted for a higher market share than aftermarket, the demand of which comes from aircraft fleets in service. Spirit Aerosystems is the market leader, followed by Triumph Group, Airbus, Arconic, and Leonardo. The market share of these leading five companies is 69%. Besides aerostructures suppliers, leading aircraft OEMs such as Airbus and Boeing also have in-house capabilities to produce aerostructures. In addition, they work with other players by developing joint ventures. Demand for narrowbody is the highest. Asia-Pacific-based airlines generate the highest demand for new aircraft, primarily due to the increased need for air travel in China and India. To cater to the rising demand for domestic air travel, both countries' airlines have ordered narrowbody aircraft, increasing linefit growth opportunities for nacelle suppliers. Due to weak demand, Airbus made the final delivery of the A380 aircraft in 2021, and the last delivery of the 747 will occur in 2022. De Havilland Canada and Mitsubishi halted the production of Dash 8 and the SpaceJet program, respectively, which will reduce linefit growth opportunities. The United States and Europe are restructuring their aircraft fleets by replacing older aircraft with more efficient ones. This will help airlines save on fuel and maintenance costs. But for aerostructures suppliers, it would mean fewer aftermarket opportunities. The Russo-Ukrainian War triggered stringent sanctions on Russia by the western world. This dampened the production capability of Russian aircraft platforms as Russian-built aircraft are highly dependent on western components suppliers.--BEGIN PROMO--

Key Features

  • Size and state of the global commercial aircraft aerostructures market 
  • The COVID-19 pandemic's impact
  • Drivers and restraints
  • Notable vendors and their positioning in the competitive landscape
  • Opportunities for commercial aircraft aerostructures suppliers

Author: Waseem Ahmed Khan

More Information
Author Waseem Ahmed Khan
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 Aerostructures Market Report
Keyword 2 Commercial Aircraft Aerostructures
Keyword 3 Aerospace Parts Manufacturing
Podcast No
WIP Number PDD9-01-00-00-00