Aerostructures Market 2030: The Future of Flight Components
The global aerostructures market achieved an estimated valuation of USD 63.48 billion in 2023 and is projected to exhibit a robust CAGR of 7.4% from 2024 to 2030. This substantial growth trajectory is underpinned by several key factors, including the surging demand for new aircraft, advancements in manufacturing, increased defense spending, and a growing trend towards specialized outsourcing. Escalating Demand for New Aircraft Fuels Market Growth A primary catalyst for the expanding aerostructures market is the worldwide surge in both passenger and cargo air travel. This increased air traffic directly translates into a heightened need for new aircraft. As airlines globally strive to expand their fleets with more fuel-efficient and technologically advanced models, aircraft manufacturers are compelled to ramp up production. This accelerated output, in turn, creates significant opportunities for suppliers of critical aerostructure components. The market expansion is further propelled b...