seobhushan (8)

1
Aerostructures Market is projected to reach at a
CAGR 3.5 by 2027
2
Key Insights from Aerostructures Market

• The aerostructures market is estimated to procure
  steady growth driven by increasing aircraft
  production to meet the demand of the aerospace
  industry. With a surge in deliveries of
  commercial aircrafts and passengers opting for
  air travel, there is a fast paced growth in the
  development of commercial aircrafts. The mounting
  requirement from regional and domestic flyers is
  anticipated to fuel demand for new aircraft.
• Metals like titanium and aluminum are
  extensively used in the development and designing
  of aerostructures, as they are lightweight
  compared to steel or other metals and help in
  improving fuel efficiency and in carrying more
  weight on an aircraft.
• Given to robust adoption, firms operating in
  the aerostructures market are working on new
  product development. For example, in 2016, AMES,
  a joint venture of Safran Nacelles and Air France
  Industries KLM Engineering Maintenance,
  announced the launch of its new nacelle and
  aerostructure part repair overhaul services
  capabilities.

3
Continued

• The requirement for regional aircrafts is spiking
  worldwide. Estimates suggest that the
  aerostructures market in the regional aircraft
  segment is projected to register around 3 CAGR
  as to increasing per capita income, middle-class
  population and regional air travel in several
  emerging countries like Vietnam, India, China,
  and Brazil. Governments worldwide are launching
  many initiatives to drive regional air travel.
• With respect to end-user, the retrofit section is
  expected to grow at a decent pace over the
  forecast period owing to surging maintenance work
  on aerostructures. The objective of constant
  repair and maintenance of aerostructures is to
  meet stringent standards set by aerospace
  authorities in order to ensure passenger safety
  and maintain healthy aircraft conditions. In
  2021, key market player, Saab along with the
  Swedish Defense Material Administration announced
  the extension of a contract to offer maintenance
  and support services for Gripen, the companys
  fighter aircraft.

4
Regional Insights in Aerostructures Market

• Geographically speaking, Europe aerostructures
  market could hold about 30 share in the upcoming
  years owing to rising demand for business jets in
  the region. There are many aviation manufacturers
  developing fuel-efficient aircrafts to comply
  with the strict emission standards set up across
  Europe.

5

Latest Research Report On Aerostructures Market_at_
https//www.gminsights.com/industry-analysis/aeros
tructures-market Request for a sample of
this research report _at_ https//www.gminsights.com/
request-sample/detail/5011
6
Major Companies in Aerostructures Market

• AAR Corporation
• STELIA Aerospace Group
• Mahindra Aerostructures Pvt. Ltd.
• Cyient Ltd.
• Saab AB
• Elbit Systems Ltd.
• Leonardo S.P.A
• Collins Aerospace
• Safran SA
• GKN plc.
• Triumph Group, Inc.
• Spirit AeroSystems

7
Industry Coverage

8
Stay In Touch Website www.gminsights.com Soci
al Media