The global commercial aircraft aerostructures industry analysis provides an 11-year forecast from 2022 to 2032. The total industry 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 sector has two segments: linefit and aftermarket. Driven by new aircraft deliveries, linefit accounted for a higher share than aftermarket, the demand of which comes from aircraft fleets in service.
• Spirit Aerosystems is the industry leader, followed by Triumph Group, Airbus, Arconic, and Leonardo. The 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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