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Allied Market Research

Aerostructure Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 108 Views
 
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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.

Market scope and structure analysis :

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

Forecast units

  Value (USD)

  Segments covered

  Type, Application, and Region

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include KUKA Systems, Electroimpact, MTorres Diseños Industriales, LISI Aerospace, Triumph Group, Broetje Automation GmbH, Gemcor (Ascent Aerospace), Loxin, Electrolmpact Inc., Sener Group, and Reel

 

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 segments covered:

Segments

Subsegments

  Type

  • Fastening Systems
  • Composite Systems

  Application

  • Military
  • Civilian

 

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 from 2020 to 2027 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. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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