Market Size of Commercial Aircraft Aerostructures Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 57.37 Billion |
| Market Size (2029) | USD 76.93 Billion |
| CAGR (2024 - 2029) | 6.04 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Commercial Aircraft Aerostructures Market Analysis
The Commercial Aircraft Aerostructures Market size is estimated at USD 57.37 billion in 2024, and is expected to reach USD 76.93 billion by 2029, growing at a CAGR of 6.04% during the forecast period (2024-2029).
The main driver for growth in the aircraft aerostructure market is increasing deliveries of commercial aircraft all over the world. The commercial aviation industry saw a significant increase in the number of new aircraft deployed. It is helping to support growth in the global aerostructure market as passengers have become more flexible over recent years. The use of composites and other advanced materials in aerostructures led to radical design changes in aircraft design. Their inherent high strength-to-weight ratio resulted in significant weight savings, thereby enhancing the fuel efficiency of the aircraft.
The market's growth is also due to an increase in tourism at the domestic and international levels, together with strict government rules on air safety.
However, the remuneration scope of the aeronautic sector is hindered by volatility in raw material prices. Technological innovations in the field, growing research & development investments in the aviation industry, and rising efforts of market players to develop advanced product ranges are adding traction to the industry expansion. Emerging technologies such as additive manufacturing and Automated Fiber Placement (AFP) techniques enhance the scope of integrating advanced materials into complex component designs while reducing the aircraft's turnaround time (TAT).
