Aerostructures Market to Hit USD 74.54 Billion by 2027

 The global aerostructures market size is expected to gain momentum by reaching USD 74.54 billion, while exhibiting a CAGR of 7.50% between 2020 and 2027. This is attributable to the increasing demand of UAVs and the growing adoption of advanced manufacturing technologies such as 3D printing to develop advanced aerostructures by the companies globally. This information is published by Fortune Business Insights, in its latest report, titled, “Aerostructures Market Size, Share & COVID-19 Impact Analysis, By Component (Wings, Nose, Fuselage, Nacelle and Pylon, Empennage, and Others), By Material (Alloys, Composite, and Metals), By Platform (Fixed-wing Aircraft (Commercial Aircraft, Military Aircraft, Business Jets, General Aviation Aircraft, and UAVs) and Rotary Wing Aircraft (Commercial & Civil Helicopters, Military Helicopters, and UAVs), By End-Use (Aftermarket and OEM), and Regional Forecasts, 2020-2027.” The report further mentions that the market stood at USD 62.40 billion in 2019.

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