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.
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