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.
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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
- Operational Services
By End Use
- Business and Regional Aviation
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