According to a recent analysis by Fact.MR, the worldwide aerostructure equipment market will grow at a rate of about 1.5 percent between 2019 and 2027. The growing deliveries of commercial aircraft around the world are driving the worldwide aerostructure equipment market.
With an increase in the number of people travelling each year, the commercial aviation industry has seen tremendous expansion in the deployment of commercial aircraft.
Segmentation of the Global Aerostructure Equipment Market
Segmentation of the global aerostructure equipment market has been provided in the form of a taxonomy table in the report.
Based on component type, the global aerostructure equipment market is segmented into:
- Automated Production Fastening Systems
- Automated Production Composite Systems
- Automated Assembly Station / Lines Systems
- Automated Assembly Conveyor Systems
- Small Tools (Hand Power and Manual)
- Services
Based on aircraft body type, the global aerostructure equipment market is segmented into:
- Narrow Body Aircraft ASE
- Wide Body Aircraft ASE
- Regional ASE
- Helicopter ASE
Based on end-use application, the global aerostructure equipment market is segmented into:
- Commercial
- Military
- Business and regional aviation
- Helicopters
Based on delivery type, the global aerostructure equipment market is segmented into:
- New Equipment
- Retrofits
- Operational Services
Based on region, the global aerostructure equipment market is segmented into:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Following Recent Market Developments Increased Automation –
Original equipment manufacturers are attempting to raise the overall quality of aerostructure equipment while lowering the entire cost.
Innovative Technologies – The importance of robotic applications in the production of aerostructure equipment has expanded, with several equipment manufacturers collaborating with large robotics providers like KUKA AG.
New Competitors – As production rates rise, outsourcing becomes more popular, and dual sourcing becomes more common, new opportunities for suppliers from other industries are emerging.
Industrial Expansion – Due to rising demand in emerging markets and competitive manufacturing advantages, the overall production of aerostructure equipment is transferring to East Asia and the Americas.
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