Aerostructures Market Size to Reach USD 105.4 Billion in 2032
The aerostructures market size was USD 61.4 billion in 2024 and is expected to register a revenue CAGR of 7.2% during the forecast period
April 12th, 2025 – Rising air passenger traffic contributed to revenue growth of the aerostructure market. Globally leading major aircraft OEM companies are receiving new orders from the airline operating companies for new passenger aircrafts, as a result the need for aerostructures is growing exponentially. According to research, a major leading aircraft Original Equipment Manufacturers (OEM), Airbus SE, delivered 766 commercial aircraft to 86 customers worldwide in 2024.
Airline operators are working on achieving decarbonization of the aviation industry by 2050. As part of this initiative, several companies are actively transitioning toward the adoption of electric aircraft. This shift is expected to significantly drive demand for advanced aerostructures. According to the International Council on Clean Transportation, Electric aircraft have the potential to reduce CO₂e emissions by approximately 49% to 88% compared to conventional fossil-fueled aircraft.
In 17th December 2024, Electric air passenger transport company Joby Aviation, Inc. received U.S. Federal Aviation Administration (FAA) certification for aerostructure tests. These tests form part of an extensive certification campaign encompassing all structural elements, components, and systems of the aircraft.
Rapid advancements in materials technology and growing industry demand for lightweight, fuel-efficient solutions are emerging as a major opportunity in the market. Advancements in carbon fiber FR-A, flame-retardant continuous carbon fiber, fiberglass reinforced polymers (FRP), aramid fiber reinforced polymers (AFRP), and hybrid composites are significantly enhancing the structural performance of aircraft while reducing overall weight.
However, supply chain disruption of critical components and raw materials is expected to restrain revenue growth of the market. Aluminum-producing nations, including China, India, and Russia affected by trade restrictions owing to the U.S. government’s April 2, 2025, implementation of a 10% baseline import tariff and higher reciprocal tariffs on trade surplus countries. These policy shifts are likely to increase material costs for OEMs, MROs, and Tier-1 suppliers.
Key Highlights:
- Wings segment accounted for the largest revenue share in 2024 by component segment. Leading OEMs and MROs in the commercial and defence industries are steadily incorporating advanced wing technologies in order to meet rising demand as passenger air traffic. Aviation operators are investing in advanced wing aerostructures to enhance fuel efficiency and mitigate the impact of rising jet fuel costs.
- Original Equipment Manufacturer (OEM) segment will account for largest revenue share in 2024. Aerostructure deployment is developing widespread acceptance among aircraft original equipment manufacturers (OEMs) companies to minimize aviation turbine fuel (ATF) consumption. Leading aviation OEMs, including Airbus, Boeing, GE Aviation, Rolls-Royce, and others, are actively using aerostructures technology to minimize fuel consumption
- Investments in defense and military modernization programs are further generating demands for aerostructures, which are expected to support market revenue growth over the forecast period. For instance, according to the U.S. Government Accountability Office (GAO), the Department of Defense (DOD) announced in December 2022 to invest over USD 100 billion in the next five years on major enhancements and modifications to its current tactical aircraft portfolio.
- Some major companies in the global aerostructures market report include General Electric Company (U.S.), Raytheon Technologies Corporation (U.S.), Safran Group (France), Honeywell International Inc. (U.S.), Barnes Group Inc. (U.S.), FACC AG (Austria), NORDAM Group LLC (U.S.), Arkwin Industries, Inc. (U.S.), S T Engineering Ltd (Singapore), Spirit AeroSystems, Inc. (U.S.), GKN Aerospace (U.K.), CPI Aerostructures Inc. (U.S.), Shanghai Aircraft Manufacturing Company (China), Aciturri Aerostructures (Spain), Leonardo S.p.A. (Italy).
- On January 16th, 2025, Daher is expanding its industrial footprint in North America by securing a long-term lease agreement for its aerostructures facility at Witham Field in Stuart, Florida. This strategic move marks a significant milestone in the company’s ongoing efforts to strengthen its presence and operations within the aerostructure market in the United States.
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Navistrat Analytics has segmented the aerostructures market into the areas of component, material, aircraft type, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2022-2032)
- Wings
- Fuselage
- Empennage
- Nacelles & Pylons
- Noses
- Doors & Skids
- Other Structures
- Material Outlook (Revenue, USD Billion; 2022-2032)
- Metal
- Alloy
- Composites
- Aircraft Type Outlook (Revenue, USD Billion; 2022-2032)
- Commercial Aircraft
- Narrowbody
- Widebody
- Regional jet
- Business Jets
- Light Jets
- Mid-Size Jets
- Heavy Jets
- Military Aircraft
- Fighter Jets
- Transport Aircraft
- Cargo/Logistics Aircraft
- Commercial Aircraft
- End-Use Outlook (Revenue, USD Billion; 2022-2032)
- Original Equipment Manufacturer (OEM)
- Maintenance, Repair, and Overhaul (MRO)
- Aftermarket
- Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Nordic Countries
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Oceania
- ASEAN Countries
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- GCC Countries
- South Africa
- Israel
- Turkey
- Rest of MEA
- North America