Market Share of Commercial Aircraft Aerostructures Industry
The commercial aircraft aerostructures market is fragmented and is witnessing the emergence of new market players that provide full lifecycle support, ranging from conceptual design, testing, and regulatory compliance certification. Since an aerostructure is required to withstand extreme operating conditions, the aerostructure materials are subjected to extensive testing to analyze and determine their performance parameters. Leading market players such as Elbit Systems Ltd., RUAG Group, Airbus SE, FACC AG, and Singapore Technologies Engineering Ltd. combine customer-specific design processes with their extensive metallic and composite structures knowledge, value engineering techniques, and design automation expertise to design cost-effective next-generation aerostructures.
Furthermore, the aerostructure designers are required to conduct manufacturing non-conformance, stress justifications, and design office dispositions after signatory approvals from concerned authorities. Such regulations may expose the market players to financial risks owing to the high R&D expenditure divested towards designing advanced materials for aerostructure construction. For instance, in April 2023, Leonardo S.p.A (Italy) entered into a partnership with Cisco Technology to develop joint technology projects. The partnership aims to develop joint products and solutions as a green transition to secure logistics and transportation solutions.
Similarly, in June 2021, Magellan Aerospace (UK) signed an agreement with Airbus to extend the contract to supply titanium and aluminum structural wing components. The components are supplied from Magellan's manufacturing units located throughout India and Europe.
Commercial Aircraft Aerostructures Market Leaders
FACC AG
Elbit Systems Ltd.
RUAG Group
Airbus SE
Singapore Technologies Engineering Ltd.
*Disclaimer: Major Players sorted in no particular order
