Aerostructures Market Worth 75.97 Billion USD by 2022

PUNE, India, April 25, 2017 /PRNewswire/ --

The report "Aerostructures Market by Component (Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle & Pylon), Material (Composite, Alloys, Metals), End-Use (OEM, Aftermarket), Platform (Fixed & Rotary Wing), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the aerostructures market is projected to grow from USD 52.17 Billion in 2016 to USD 75.97 Billion by 2022, at a CAGR of 6.47% during the forecast period.

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Browse 94 market data tables and 87 figures spread through 177 pages and in-depth TOC on "Aerostructures Market".

http://www.marketsandmarkets.com/Market-Reports/aerostructure-market-22021525.html

Early buyers will receive 10% customization on this report. 

Factors such as an increase in outsourcing of aerostructure manufacturing by OEMs to tier 1 and tier 2 suppliers and rise in adoption of composite aerostructures by the general and commercial aviation sectors are driving the growth of the aerostructures market.

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Based on material, the composites segment is projected to grow at the highest CAGR during the forecast period 

Based on material, the composites segment of the aerostructures market is anticipated to grow at the highest CAGR from 2016 to 2022, owing to the increasing demand for composite aerostructures. The use of composites helps reduce the weight of the aircraft and improves fuel efficiency.

Based on component, the fuselage segment is expected to lead the aerostructures market during the forecast period 

Among all components, the fuselage segment is projected to lead the aerostructures market from 2016 to 2022. Increase in aircraft deliveries is one of the most significant factors contributing to the growing demand for fuselage in the aerostructures market.

Based on end-use, the aftermarket segment is expected to grow at the highest CAGR during the forecast period 

Based on end-use, the aftermarket segment of the aerostructures market is projected to witness the highest growth during the forecast period, owing to the rise in aftermarket services offered by different manufacturers of aerostructures.