Aerostructure Equipment Market Report

The global aerostructure equipment market is foreseen to benefit from robust demand in the commercial aviation industry. Increase in the number of air passengers and commercial aircraft deliveries and advancement of aircraft manufacturing processes, designs, and materials are expected to significantly contribute to the growth of the global aerostructure equipment market. Increase in research and development activities to promote energy savings and measures that help reduce greenhouse gas emissions in the aerospace and aviation industries is predicted to further strengthen the global market growth.

In July 2019, Ascent Aerospace, a US manufacturer of aerostructures and composite components, announced its investment in additive manufacturing. The investment is of a Large Scale Additive Manufacturing machine from Thermwood Corporation.

Adoption of Nanotechnology in Aircraft Manufacturing to Positively Influence Growth

The global aerostructure equipment market is foretold to take advantage of large investments in nanotechnology and high adoption of lightweight materials in the aerospace industry to gain growth in future. Increasing use of nanocomposites in the manufacture of airframes could add to the growth of the global aerostructure equipment market. Use of composite morphing technology for aircraft wings is one of the important trends expected to grow in the coming years. Need to improve wing aerodynamics and technological development in the aerospace industry could be among other key factors anticipated to drive the demand for advanced aerostructure equipment.

Companies to Offer Unique Products and Value-driven Services to Increase Profits

The report covers key players of the global aerostructure equipment market, including KUKA Systems GmbH, STELIA Inc., Electroimpact, Inc., Premium AEROTEC, Broetje-Automation GmbH, Hyde Group Limited, Gemcor (Ascent Aerospace), Latesys, MTorres Diseños Industriales, Janicki Industries, SENER, Spirit AeroSystems, Inc., REEL, Triumph Group, Inc., and LISI Aerospace. In order to gain business from retrofitting service providers as well as system integrators, players are foreseen to improve the value proposition of their services and focus on providing unique solutions. Collaboration could be another strategy that players could adopt to gain more exposure for their products and services.

In June 2019, Spirit AeroSystems, a US-based first-tier aerostructures manufacturer, announced its collaboration role in the Airbus Wing of Tomorrow program. The company will be involved in the development of solutions required for the assembly and fabrication of lower wing covers, wing boxes, and leading edges.

By Delivery Type

●  New Equipment

●  Retrofits

●  Operational Services

By End Use

●  Commercial

●  Military

●  Business and Regional Aviation

●  Helicopter

According to market research experts, the retrofits segment of the global aerostructure equipment market is anticipated to become more popular during the forecast period. This could be due to the growing need for increase in productivity and adoption of short retrofitting cycles in the aerospace industry. Among end-use segments, commercial is expected to account for a remarkable share of the global aerostructure equipment market. It could bank on high demand for commercial aircrafts because of strong number of existing and potential air passengers globally.

By Region

Geographically, North America is predicted to earn a sizable amount of revenue in the global aerostructure equipment market as it rides on increased requirement of lightweight aircraft components and new aircraft equipment. Heavy presence of aircraft manufacturing companies in the region could be another powerful factor helping with impressive market growth in North America. Developing regions are forecast to offer decent growth opportunities due to factors such as launch of new airline routes, high demand for new aircrafts, increase in the number of air travelers, and rising population size.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.