Aerostructure Equipment Market Poised to Expand at a Robust Pace by 2027

Posted by Preet on October 9th, 2019

The aerostructure equipment market is consolidated with a few number of vendors making most of the global sales. There is an increased probability of change in market share of key vendors as the new entrants into the aerostructure equipment market are expected to provide a comprehensive array of components and subsystems using automation technology in a financially viable manner. However, several stringent regulations related to the mass adoption of automation manufacturing technologies may hamper the aerostructure equipment market growth prospects.

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Aerostrcuture equipment OEMs such as The Boeing Company and Airbus SE, with several technical and financial resources are expected to being significant changes in the existing aerospace platforms. Similarly, small and medium vendors are benefitting from development efforts with existing prominent vendors. Some well-established vendors operating in the global aerostructure equipment market are KUKA AG which is an automated manufacturing and assembly solutions for industrial production based in Germany and Broetje-Automation, factory automation and tooling solutions expert with industry participants such as Boeing, Airbus, Spirit Aerospace and Fuji Heavy Industries.

The global aerospace industry considered to be one of the most important heavy industries in the world upon which several companies rely on the ability to transport both products and people around the world. However, along with substantial economic values, the global aerostructure equipment market combines huge resource consumption with one of the largest carbon footprint on the planet. Due to this reason, the primary drivers within the present aerostructure equipment research and development are towards the development of lighter structural materials and more efficient engines.

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Several potential nanomaterials and nano-engineering is helping to achieve these goals. Various nanomaterials are in use with success in aircraft construction as filler materials which is to enhance the properties of structural polymers. Carbon nanotubes (CNT’s) is gaining enough traction as fillers in polymers due to exceptional toughness and unique electrical properties. 

All the developments targeted towards the production of lightweight and durable aerostructure materials is expected to drive the global aerostructure equipment market during the forecast period of 2019 to 2027. However, the main roadblock for the widespread adoption of nanomaterials is the hanging uncertainty over environmental and health implications. 

The BRIC countries is estimated to contain about 40% of the world’s population and account for about one-fifth of the world’s GDP population where the leisure travel industry is growing exponentially. According to the International Air Transport Association (IATA), in 2017 there were about 4.1 billion air travelers with the most traffic from the Asia Pacific region. With air travel booming around the world as people continue to migrate for better economic opportunity, the global aerostructure equipment market is expected to soar exponentially. With the generation of countless new number of routes and requiring thousands of new planes, the development of the global aerospace equipment market is of prime importance.