Aerostructure equipment is among the components of an aircraft’s airframe. The main components include flight fuselage, control surfaces, and wings. Mechanical testing of individual or complete aerospace structures is carried out on a universal testing machine including tests such as flexure, tensile, compression, fatigue, and impact. This equipment is not just confined to airline as military planes and helicopters also need aerostructure equipment to allow stay in a running condition all the time. There are many big aerospace firms with a more diversified product range also build aero structures. Furthermore, Nano-technology has improved advancements in lightweight materials that can now be implanted in alloys of aluminum and used in aircraft wings or other components.
COVID-19 scenario analysis:
The COVID-19 has extremely affected the economy in the world in a negative wat, hence the aerostructure equipment market also got affected abruptly and experienced a slowdown in the generation of revenue. There were strict regulations by governments of various countries, which caused reduction in demand for aerostructure equipment in the current scenario. Furthermore, industries are focusing on innovations during the lockdown situation, such that it could help gain attention of majority of the players in the forecast period.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
A steep boost in the wealth of emerging economies is anticipated to trigger the accessibility to air-traffic, which would help the industry grow in the coming years. Furthermore, it is considered to be a dominant factor in helping increase in trips per capita and passenger traffic in different countries. This would help the demand for newer aircraft to propel the global aerostructure equipment market. The initial trend that would impact competitive dynamics of the industry is anticipated to shift manufacturing of aerostructure equipment from significant players to OEMs. There are a lot of mergers and acquisitions, which were observed in the aerostructure equipment industry that would contribute to help the industry grow during the forecast period.
The global aerostructure equipment market trends are as follows:
Mergers and acquisitions to flourish the aerostructure equipment market
Majority of companies are adapting various strategies such that they gain attention from population and hence increase sales of aerostructure equipment. For instance, Technical Services Corporation, in July 2019, bought Accelerated Development & Support Corporation, which supports government and prime system integrators with science and technology, engineering, acquisition, and program management requirements and has its main headquarters in Arlington, VA. Technical Services Corporation provides engineering, information technology, program and project management, data management, and compliance services to the federal defense industry.
Surge in demand for commercial aircrafts to boost the aerostructure equipment industry
Growth in the need of aerostructure equipment for the defense sector would help the market to maintain lucrative growth in the coming years. Various companies are concerned with better advertising and are hence anticipated to fuel the market of aerostructure equipment in the next few years. Recently, the developed and the developing countries have invested upon the better innovated techniques of marketing which helped the aerostructure equipment to grow during the forecast period.
Key benefits of the report:
- This study presents the analytical depiction of the global aerostructure equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aerostructure equipment market share.
- The current market is quantitatively analyzed to highlight the global aerostructure equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global aerostructure equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
Aerostructure Equipment Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | Electroimpact, Gemcor (Ascent Aerospace), Triumph Group, Sener Group, Reel, MTorres Diseños Industriales, KUKA Systems, LISI Aerospace, Loxin, Broetje Automation GmbH, Electrolmpact Inc. |
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