Global Composite Aerostructure Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Composite Aerostructure market:
The latest research study on the global Composite Aerostructure market finds that the global Composite Aerostructure market reached a value of USD 14408.22 million in 2022. It’s expected that the market will achieve USD 24661.82 million by 2028, exhibiting a CAGR of 9.37% during the forecast period.

Composite Aerostructure refer to all the assembled elements. It includes fuselage, empennage, flight control surfaces, wing and nose, among others. These components are made from materials such as aluminum, steel, titanium and composites. The report mainly studies the Composite Aerostructure market.

In the increasingly competitive market situation, through analyzing of the history of the industry, the process of evolution; industry business model, industry chain, value chain; legal policies and technological development; global and regional market capacity, market structure, market segmentation, competitive situation, market trends and other detailed analysis, in-depth to understand the stage and characteristics of the industry, identify the main factors that affect the development of the industry, predict the future development trend of the industry, determine the industry's investment value, reveal industry investment risk, so as to give reference and guidance to the industry participants, industry entrants, investment agencies, consulting agencies, government and related institutions.

Market Challenges and Impact
For aircraft and component manufacturers, the biggest disadvantage of composite materials may be that they have higher initial cost compared with metals. The higher cost is mainly due to the price of fiber and the complicated process required to manufacture finished materials.

The integral molding of composite aircraft structural parts is the mainstream trend of civil aircraft manufacturing at present, but there is a great risk of deformation in the manufacturing process, which leads to assembly difficulties. Digital design and simulation technology can realize the optimal design of each component and predict the deformation of the component. However, there are some difficulties in computer simulation of composite materials, mainly because composite materials are anisotropic materials, each layer is composed of independent fiber layers with different thicknesses, and there are unpredictable defects in them. It is much more difficult to simulate the real service situation of composite materials by computer than aluminum alloy materials.
Composite materials have very good properties that make them ideal for the development of aircraft structures. But concerns over the recycling of composite materials could hinder the development of the Composite Aerostructure market. Recycling composite material is very difficult because it is often combined with different materials, such as foam cores. Aircraft have a limited lifespan, their life cycle is between 20-36 years. After the cycle is reached, solid waste that is difficult to recycle will be produced. The issue of solid waste management posed by composites is one of the challenges that many manufacturing companies will face.

Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:
Spirit Aero Systems is one of the major players operating in the Composite Aerostructure market, holding a share of 12.65% in 2022.

Spirit AeroSystems is one of the world's largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company's core products include fuselages, integrated wings and wing components, pylons, and nacelles. Also, Spirit serves the aftermarket for commercial and business/regional jets.

GKN is a global engineering group. Its businesses include manufacturing, automotive, aerospace, engineering, technology and powder metallurgy. GKN Aerospace is the world's leading multi-technology Tier 1 aerospace supplier. With 40 manufacturing sites in 13 countries, the company serves more than 90 percent of the world's aircraft and engine manufacturers.

Segmentation Overview:
Among different product types, Fuselage segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Narrow-Body Aircraft segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Composite Aerostructure market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Composite Aerostructure market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Composite Aerostructure and its sub-markets in an intuitive way.

Key Companies in the global Composite Aerostructure market covered in Chapter 3:
Northrop Grumman
Mitsubishi Aircraft Corporation
Stelia Aerospace
Leonardo
Kawasaki Heavy Industries
Triumph Group
Collins Aerospace Systems
GKN Aerospace (Melrose Industries)
Subaru Corporation
AERNNOVA
Korea Aerospace Industries
Premium Aerotech
Saab
Spirit Aero Systems
Safran

In Chapter 4 and Chapter 14.2, on the basis of types, the Composite Aerostructure market from 2018 to 2029 is primarily split into:
Fuselage
Empennage
Flight Control Surfaces
Wings
Nose
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Composite Aerostructure market from 2018 to 2029 covers:
Narrow-Body Aircraft
Wide-Body Aircraft
Very Large-Body Aircraft
Regional Aircraft
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Composite Aerostructure market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029