Company Spotlight

Top 8 Eminent Companies Evolving the Aerospace Industry in Global Aerostructures Market

top aerostructures companies

Insights

Spirit AeroSystems, Inc., GKN plc, RUAG International Holding AG, Saab AB, Airbus S.A.S., Triumph Group, Inc., Collins Aerospace, and Elbit Systems Ltd., among others, are the key players in the global market for aerostructures.

As per the analysis by Expert Market Research, the global aerostructures market is estimated to grow in the forecast period of 2022-2027 at a CAGR of 6.3%, driven by growing demands worldwide for air services.

Aerostructure signifies the individually produced sections of an airframe. They are essential in the completion of any aircraft, be it fixed-wing or rotorcraft, or intended for commercial, civilian, or military utilisation. Aerostructure’s primary parts and sub-assemblies are essential components to ensure the aircraft’s performance and safety in harsh environments. Such components provide the structural strength and aerodynamics of each aircraft.

The rise in aircraft production all over the globe, with key factors involving surging global population, growing demand for passenger and cargo air services, industrial expansion, enhanced flight volume, technological advancements, increasing personal income, and modernisation of old aircraft are driving the growth of global aerostructures market during the forecast period.

The developing economies are further boosting the market growth owing to the rising wealth and population in emerging countries like India. Additionally, the expansion in the air transport industry is likely to propel the market growth of aerostructures as airlines all over the world transport billions of passengers and tonnes of freight on commercial flights every year.

Moreover, the aviation industry is rapidly growing and positively impacting the economy, which is further expected to fuel the aerostructures market growth. Significant innovations and technological advancements like artificial intelligence (AI), autonomous devices, internet of things (IoT), unmanned aircraft innovations, ultralight materials, biometrics, blockchain, robotics, electric aircraft, and alternative fuels are bolstering the market demand for aerostructures.

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Top 8 Global Aerostructures Companies:

Spirit AeroSystems, Inc.

Headquarters: Kansas, United States
Establishment: 2005
Website: https://www.spiritaero.com/

Spirit AeroSystems, Inc. is among the leading manufacturers of aerostructures across the world for defence platforms, commercial aeroplanes, and regional or business jets. With expertise in aluminium and advanced composite manufacturing solutions, the company's core products include integrated wings and wing components, fuselages, nacelles, and pylons. The company offers the aftermarket services for business or regional and commercial jets.

GKN plc

Headquarters: Worcestershire, United Kingdom
Establishment: 1902
Website: https://www.gkn.com/

GKN plc is a global engineering group. It fuels the wheels of hundreds of cars and helps thousands of aircraft to fly. The company provides the power to interchange earth and harvest crops and makes crucial components for industries that touch lives all over the world. The company works at the most advanced stage of manufacturing, generating new technologies and innovative products for global customers.

RUAG International Holding AG

Headquarters: Bern, Switzerland
Establishment: 1999
Website: https://www.ruag.com/en

RUAG International Holding AG (RUAG), a subsidiary of BGRB Holding Ltd, is a supplier of system solutions and components for defence, aerospace, and space markets. The company designs, creates and manufactures military and civil technology applications for applications in space, air, as well as on land.

Saab AB

Headquarters: Stockholm, Sweden
Establishment: 1937
Website: https://www.saab.com/

Saab AB is a leading security and defence company with a core mission to aid countries and keep their people and overall society safe. The company aims to push the boundaries of technology to make a safer, more sustainable, and more equitable world. It designs, manufactures, and maintains advanced systems in weapons, aeronautics, command and control, sensors, and underwater systems.

Airbus S.A.S.

Headquarters: Leiden, Netherlands
Establishment: 1970
Website: https://www.airbus.com/en

Airbus S.A.S is a worldwide leader in space, aeronautics, and related services. It provides the most inclusive variety of passenger airliners. Also, it is a European leader in supplying combat, transport, tanker, and mission aircraft. The company is an international pioneer in the aerospace industry and a leader in manufacturing, designing, and delivering aerospace services, products, as well as solutions to consumers all over the globe.

Triumph Group, Inc.

Headquarters: Pennsylvania, United States
Establishment: 1993
Website: https://www.triumphgroup.com/

Triumph Group engineers, designs, manufactures, repairs, and overhauls a wide range of aviation and industrial components, subassemblies, accessories, systems, and aircraft structures. The company partners with original equipment manufacturers (OEMs) and operators of commercial, business, regional, and military aircrafts globally, to deliver services and products that solve their hardest challenges.

Collins Aerospace

Headquarters: North California, United States
Establishment: 2018
Website: https://www.collinsaerospace.com/

Collins Aerospace is among the world's largest suppliers of aerospace and defence products. It is devoted to redefining aerospace from the smallest details to the highest pursuits. The company focuses on providing customers in the commercial, regional, business aviation, and military sectors with avionics, aerostructures, interiors, mission systems, mechanical systems, power and control systems.

Elbit Systems Ltd.

Headquarters: Haifa, Israel
Establishment: 1966
Website: https://elbitsystems.com/

Elbit Systems Ltd. is an international high technology company. It is involved in a broad variety of programs all over the globe, with a focus on homeland security grounds and defence. The company further supplies and develops a wide portfolio of land, airborne, and naval systems, and products for homeland security, defence, and commercial applications.

Also Read@ https://www.expertmarketresearch.com/pressrelease/global-aerostructures-market

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30 North Gould Street, Sheridan, WY 82801

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124