Market Outlook
With the Aerostructures Market forecasted to grow at a 9 % CAGR to reach USD 74 billion by 2032, the horizon for industry growth is promising. The rebound of commercial aviation, defense modernization and the rapid adoption of advanced materials are key tailwinds.
Industry Overview
The aerospace fabric is rapidly evolving. Aircraft OEMs (original equipment manufacturers) aim for lower operational costs through fuel efficiency and lightweight design, putting pressure on the aerostructure tier to deliver optimized components. Meanwhile, military spending and UAV programmes add parallel demand. MRFR highlights that while the pandemic disrupted production, the demand for new aircraft and upgrades will underpin the market’s recovery.
Key Players
In this dynamic environment, companies such as AAR Corp., Bombardier Inc., RUAG Group, Saab AB, Spirit AeroSystems Inc., Stelia Aerospace, Triumph Group, Cyient Ltd, Elbit Systems Ltd, GKN Aerospace and Leonardo SpA hold solid positions. These entities are leveraging global supply chains, composite-manufacturing capabilities and strategic partnerships to stay ahead.
Segmentation Growth

• By component: The wings, fuselage and flight-control surfaces remain large value contributors, while nacelles/pylons and “others” (e.g., modular assemblies) are gaining traction.
• By material: Composites are increasingly favoured over traditional metals and alloys for their weight benefits; hence the composites segment is poised for high growth.
• By end-use: OEM production dominates initially, but aftermarket services (repair, retrofit, upgrades) are emerging as important adjuncts as global fleets age.
• By geography: Although MRFR doesn’t provide full regional numbers in the public summary, regional growth, especially in Asia-Pacific and Latin America, is highlighted.
  Trends to Watch
• Advanced materials: The movement toward carbon-fiber composites and other lightweight solutions is central to cost and fuel-efficiency goals.
• Defense/upgrades: Investments in military aerostructures for new and upgraded fleets are helping compensate for slower commercial build-rates.
• Aftermarket opportunities: As fleets mature, maintenance-, repair- and overhaul-(MRO)-driven aerostructures demand is rising. Emerging companies are capitalizing here.
  Conclusion
  The aerostructures market is being shaped by weight-sensitive design considerations, global aircraft build-rate growth, and materials innovation. Firms that link their component, material and service strategies will be well-positioned in this evolving landscape.