Global Aircraft Design and Engineering Market Highlights
The Global Aircraft Design and Engineering Market is expected to register a significant growth rate in the coming years due to a rise in the number of fleet modernization programs and technological advancements in the aviation industry. Moreover, rising military investments across countries are expected to encourage market growth during the forecast period. However, the need for high initial investments and long certification periods are expected to restrain market growth.
The key players in the global aircraft design & engineering market are Boeing (US), Airbus SAS (Netherlands), Bombardier (Canada), Lockheed Martin Corporation (US), Embraer SA (Brazil), United Technologies Corporation (US), GE Aviation (US), and Rolls-Royce PLC (UK).
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Intended Audience
- Aircraft OEMs
- Aircraft component manufacturers
- Defense organizations
- Government authorities
- Research institutes
- Regulatory bodies
Aircraft Design and Engineering Market Segmentation and Regional Analysis
The Global Aircraft Design and Engineering Market has been segmented on the basis of aircraft component, operation, end use, and region.
By aircraft component, the market has been segmented into engine, wings, fuselage, tail, nose, landing gear, and pylon. The fuselage segment is expected to register the highest CAGR during the forecast period. The growing use of composite materials in fuselage manufacturing is expected to drive the growth of the segment. Furthermore, investments in fuselage design to reduce aircraft drag are expected to positively impact the growth of the segment during the review period.
Based on operation, the market has been divided into design, manufacturing, analysis and testing, maintenance, repair, and operations (MRO), and others. The maintenance, repair, and operations (MRO)segment is expected to be the fastest-growing during the forecast period. The growing number of aging fleets requiring MRO services is expected to encourage the growth of the segment during the assessment period. Furthermore, new technologies such as blockchain are expected to lower costs for MRO companies, further driving the growth of the segment.
The end-use segments of the market are commercial aviation and military aviation. The military aviation segment is expected to register a higher CAGR during the forecast period. This can be attributed to military modernization programs and government investments in commercial and military aviation across regions.
Based on region, the global aircraft design and engineering market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. As per MRFR analysis, North America accounted for the largest market share in 2018 and is expected to maintain its dominance during the forecast period. Major aircraft OEMs headquartered in the region, such as Boeing, United Technologies Corporation, and Lockheed Martin Corporation, contribute significantly to the growth of the regional market.
Research Methodology
The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.
Secondary Research
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Key Insights
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Aircraft Design & Engineering Market, by Aircraft Component
1.1.2. Global Aircraft Design & Engineering Market, by Operation
1.1.3. Global Aircraft Design & Engineering Market, by End Use
1.1.4. Global Aircraft Design & Engineering Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4. Market Insights
Continued……..
List of Tables
Table 1 Global Aircraft Design & Engineering Market, by Aircraft Component, 2017–2025
Table 2 Global Aircraft Design & Engineering Market, by Operation, 2017–2025
Table 3 Global Aircraft Design & Engineering Market, by End Use, 2017–2025
Table 4 Global Aircraft Design & Engineering Market, by Region, 2017–2025
Table 5 North America: Aircraft Design & Engineering Market, by Country, 2017–2025
Table 6 North America: Aircraft Design & Engineering Market, by Aircraft Component, 2017–2025
Table 7 North America: Aircraft Design & Engineering Market, by Operation, 2017–2025
Continued……..
List of Figures
FIGURE 1 Research Process of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued……..
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