According to HTF Market Intelligence, the Aerostructures and Engineering Service market to witness a CAGR of 5.9% during the forecast period (2024-2030). The Latest published a market study on Global Aerostructures and Engineering Service Market provides an overview of the current market dynamics in the Global Aerostructures and Engineering Service space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities.
Some of the players that are in coverage of the study are Safran (France), HCL Technologies Limited (India), Quest Global (Singapore), Cyient (United States), Vee Technologies (United States), Stress Engineering Services, Inc (United States), L&T Technology Services Limited (India), Expleo (United States), GKN Aerospace (United Kingdom), Wipro (India), Israel Aerospace Industries (Israel), TATA Technologies (India), Siemens (Germany), Rolls-Royce plc (United Kingdom), Capgemini (France), Collins Aerospace (United States), ATA Engineering, Inc (United States)..
The global Aerostructures and Engineering Service market size is expanding at robust growth of 5.9%, sizing up market trajectory from USD 53.1 Billion in 2024 to USD 79.4 Billion by 2030.
Get ready to identify the pros and cons of the regulatory framework, local reforms, and its impact on the Industry. Know how Leaders in Global Aerostructures and Engineering Service are keeping themselves one step forward with our latest survey analysis
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Definition
The Aerostructures and Engineering Service Market covers the design, manufacture, and maintenance of aerostructures, which are essential components of an aircraft’s body. The market also includes engineering services that support the aerospace industry’s needs for lightweight, durable, and efficient structures.
On 5th July 2022, Daher expanded its US industrial presence with the acquisition of Triumph’s metallic and composite aerostructures assembly facility in Stuart, Florida. This move strengthens the company’s position as a supplier for aircraft manufacturers. This acquisition brings Stuart’s approximately 400 employees into Daher’s Industry Division, a supplier of complex aerostructures for leading airframers.
On 17th January 2024, Mahindra Aerostructures and Airbus signed a new contract for the manufacture and delivery of metallic components for all Airbus commercial aircraft models, including the A320 family. Under the contract, MASPL will supply close to 5000 varieties of metallic components to Airbus in Germany from its manufacturing base in India. The contract adds to existing MASPL programmes to deliver parts directly to Airbus at their facilities in Toulouse, France.
Basic Segmentation Details
Global Aerostructures and Engineering Service Market Breakdown by Application (Commercial Aviation, Military Aviation, Unmanned Aerial Vehicles, Spacecraft, Others) by Type (Design and Engineering, Manufacturing and Assembly, Maintenance, Repair, and Overhaul, Testing and Certification, Simulation and Analysis, Consulting, Others) by Component (Fuselage, Wings, Empennage, Nacelles and Pylons, Flight Control Surfaces, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Aerostructures and Engineering Service Market Trend
- Additive manufacturing and advanced composites enhance structural efficiency and reduce material wastage.
- Digital twin technology and AI-based predictive maintenance improve design, operational reliability, and sustainability.
Aerostructures and Engineering Service Market Driver
- The increasing demand for fuel-efficient aircraft, growth in composite materials
- Rising air travel, with a high growth rate coming from developing countries
Aerostructures and Engineering Service Market Opportunity
- Collaborations and customization in UAVs and eVTOL vehicles open innovative design possibilities.
- Retrofitting aging fleets and expanding into emerging markets generate demand for new aircraft and structural upgrades.
Aerostructures and Engineering Service Market Challenges
- Stringent regulatory requirements and a shortage of skilled labor hinder innovation and production efficiency.
- High costs of advanced materials, supply chain disruptions, and R&D expenses strain financial resources and market competitiveness.
Major Highlights of the Aerostructures and Engineering Service Market report released by HTF MI
Global Aerostructures and Engineering Service Market Breakdown by Application (Commercial Aviation, Military Aviation, Unmanned Aerial Vehicles, Spacecraft, Others) by Type (Design and Engineering, Manufacturing and Assembly, Maintenance, Repair, and Overhaul, Testing and Certification, Simulation and Analysis, Consulting, Others) by Component (Fuselage, Wings, Empennage, Nacelles and Pylons, Flight Control Surfaces, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Aerostructures and Engineering Service market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- To carefully analyze and forecast the size of the Aerostructures and Engineering Service market by value and volume.
- To estimate the market shares of major segments of the Aerostructures and Engineering Service
- To showcase the development of the Aerostructures and Engineering Service market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Aerostructures and Engineering Service market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Aerostructures and Engineering Service
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Aerostructures and Engineering Service market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Aerostructures and Engineering Service Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Aerostructures and Engineering Service market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Aerostructures and Engineering Service Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Aerostructures and Engineering Service Market Production by Region Aerostructures and Engineering Service Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Aerostructures and Engineering Service Market Report:
- Aerostructures and Engineering Service Overview, Definition and Classification Market drivers and barriers
- Aerostructures and Engineering Service Market Competition by Manufacturers
- Aerostructures and Engineering Service Capacity, Production, Revenue (Value) by Region (2024-2030)
- Aerostructures and Engineering Service Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Aerostructures and Engineering Service Production, Revenue (Value), Price Trend by Type {Design and Engineering, Manufacturing and Assembly, Maintenance, Repair, and Overhaul, Testing and Certification, Simulation and Analysis, Consulting, Others}
- Aerostructures and Engineering Service Market Analysis by Application {Commercial Aviation, Military Aviation, Unmanned Aerial Vehicles, Spacecraft, Others}
- Aerostructures and Engineering Service Manufacturers Profiles/Analysis Aerostructures and Engineering Service Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Aerostructures and Engineering Service market for long-term investment?
- What are influencing factors driving the demand for Aerostructures and Engineering Service near future?
- What is the impact analysis of various factors in the Global Aerostructures and Engineering Service market growth?
- What are the recent trends in the regional market and how successful they are?
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