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Aerostructures market Statistics 2021-2027 | Industry Size & Trends Report

The aerostructures market is estimated to procure steady growth driven by increasing aircraft production to meet the demand of the aerospace industry.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5011

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Aerostructures market Statistics 2021-2027 | Industry Size & Trends Report

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  1. Aerostructures Market is projected to reach at a CAGR 3.5% by 2027

  2. Key Insights from Aerostructures Market: • The aerostructures market is estimated to procure steady growth driven by increasing aircraft production to meet the demand of the aerospace industry. With a surge in deliveries of commercial aircrafts and passengers opting for air travel, there is a fast paced growth in the development of commercial aircrafts. The mounting requirement from regional and domestic flyers is anticipated to fuel demand for new aircraft. • Metals like titanium and aluminum are extensively used in the development and designing of aerostructures, as they are lightweight compared to steel or other metals and help in improving fuel efficiency and in carrying more weight on an aircraft. • Given to robust adoption, firms operating in the aerostructures market are working on new product development. For example, in 2016, AMES, a joint venture of Safran Nacelles and Air France Industries KLM Engineering & Maintenance, announced the launch of its new nacelle and aerostructure part repair & overhaul services capabilities.

  3. Continued… • The requirement for regional aircrafts is spiking worldwide. Estimates suggest that the aerostructures market in the regional aircraft segment is projected to register around 3% CAGR as to increasing per capita income, middle-class population and regional air travel in several emerging countries like Vietnam, India, China, and Brazil. Governments worldwide are launching many initiatives to drive regional air travel. • With respect to end-user, the retrofit section is expected to grow at a decent pace over the forecast period owing to surging maintenance work on aerostructures. The objective of constant repair and maintenance of aerostructures is to meet stringent standards set by aerospace authorities in order to ensure passenger safety and maintain healthy aircraft conditions. In 2021, key market player, Saab along with the Swedish Defense Material Administration announced the extension of a contract to offer maintenance and support services for Gripen, the company’s fighter aircraft.

  4. Regional Insights in Aerostructures Market: • Geographically speaking, Europe aerostructures market could hold about 30% share in the upcoming years owing to rising demand for business jets in the region. There are many aviation manufacturers developing fuel-efficient aircrafts to comply with the strict emission standards set up across Europe.

  5. Latest Research Report On Aerostructures Market@ https://www.gminsights.com/industry-analysis/aerostructures-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/5011

  6. Major Companies in Aerostructures Market: • AAR Corporation • STELIA Aerospace Group • Mahindra Aerostructures Pvt. Ltd. • Cyient Ltd. • Saab AB • Elbit Systems Ltd. • Leonardo S.P.A • Collins Aerospace • Safran SA • GKN plc. • Triumph Group, Inc. • Spirit AeroSystems

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