Aero Wing Market Research Report—Global Forecast till 2032

Aero Wing Market Research Report Information By Platform (Military and Commercial), By Type of Build (Conventional Skin Fabrication and Composite Skin Fabrication), By Material (Alloys, Metals and Composite) – Market Forecast Till 2032

ID: MRFR/A&D/10274-HCR | 128 Pages | Author: Sejal Akre | September 2023         

Global Aero Wing Market Overview


Aero Wing Market Size was valued at USD 13.2 Billion in 2022. The Aero Wing market is projected to grow from USD 14.4 Billion in 2023 to USD 29.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.20% during the forecast period (2023 - 2032).Chinese defense spending is increasing, leading to the country's use of fifth-generation fighter jets and an increase in the use of composite materials for aircraft wings, are the key market drivers enhancing the market growth.


Aero Wing Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Aero Wing Market Trends



  • Growing defense budget of china to adopt fifth generation fighter jets is driving the market growth


China earmarked USD 260 billion for defense spending in the fiscal year 2020-2021. The Chinese government has set aside USD 65 billion to buy fifth-generation fighter jets. China's aerial strength is increasing thanks to these fighter jets. China now has KJ-200, KJ-500, and KJ-2000 combat aircraft, as well as Chengdu J-7, J-16, Chengdu J-20, Su-27, Su-30MKK, Shenyang J-8, Shenyang J-11, Shenyang Su-35S, and Chengdu J-10 fighter planes. It also has JH-7, H-6 bomber aircraft. In order to upgrade the Indian Air Force's combat operation methods, Hindustan Aeronautics Limited (HAL) and the Indian Air Force (IAF) signed a contract in February 2021 for the purchase of 83 Light Combat Aircraft Tejas valued at USD 7 billion. These combat aircraft have cutting-edge wings and an improved assault capability. It is projected that rising demand for fighter jets from developing nations like China and India will accelerate market expansion.


Glass-reinforced plastics and fiber-reinforced plastics are two categories for composite materials. Wings for aeroplanes are built with these materials, giving them superior durability.  The skin and outer layers of the aero wing are also made from these composite materials. Epoxy, polyester, and vinyl are combined to create GRP composite materials. Included in the fiber-reinforced plastics are fiber and polymer resin. The National Composites Centre, situated in the UK, launched a new research and development centre in March 2020 to offer a digital platform for the purchase of aero wings.


A recent tendency in the advancement of Aero Wing has been towards larger, more effective wings. This is in response to the rising demand for aeroplanes that use less fuel. Greater lifting force is made possible by larger wings, which lowers the quantity of fuel required for takeoff and landing. Additionally, there has been a move towards building Aero Wings out of composite materials. Composite materials can significantly reduce weight because they are stronger and lighter than standard materials. This helps the aeroplane fly more efficiently while also lightening its load in general.


Active wingtip development is another significant trend. Because active wingtips can move independently of the rest of the wing, the aircraft can be controlled more effectively. Especially during takeoff and landing, when the aircraft is at its heaviest and most susceptible to turbulence, is this advantageous. Aero Wing is generally moving towards larger, more effective wings comprised of composite materials and equipped with active wingtips. This trend is being pushed by the demand for lighter, more fuel-efficient aeroplanes as well as a desire to make them more aerodynamic. Thus, driving the Aero Wing market revenue.


Aero Wing Market Segment Insights


Aero Wing Platform Insights


The Aero Wing Market segmentation, based on platform, includes military and commercial. Commercial segment dominated the global market in 2022. The domination is the result of growing demand for commercial aviation from developing nations like China and India. India will require 2,375 fixed-wing commercial aircraft between 2019 and 2040, according to a Boeing research. The survey also predicted that during the 2018–2019 fiscal year, air passenger traffic in India would increase by 19.86%. The market's supply chain closely reflects the rising demand for commercial aeroplanes around the world.


Aero Wing Type of Build Insights


The Aero Wing Market segmentation, based on type of build, includes conventional skin fabrication and composite skin fabrication. Conventional skin fabrication segment dominated the global market in 2022. The adoption of this methodology by military aircraft original equipment manufacturers (OEMs) to construct the aero wing's frame throughout the previous two decades is responsible for this rise. After the curing procedure, the specific foam covering that was used to compress these fibers is changed. The aircraft wing's strength is improved by this style of skin construction.


In order to fabricate composite skin, a spatial aero wing frame skeleton, complete with rod components and joints, is used. The interior lattice grid is then covered with an automated fiber placement system.


Aero Wing Material Insights


The Aero Wing Market segmentation, based on material, includes alloys, metals, and composite. The metals segment dominated the Aero Wing Market in 2022. This increase is attributable to the widespread use of numerous metals, including titanium, steel, and aluminium, in the construction of aircraft wings. Due to its exceptional qualities, such as resilience to high temperatures, light weight, good corrosion resistance, and high strength, titanium is primarily employed by aircraft manufacturers. In addition to fan blades, titanium is primarily used to construct aircraft wings and landing gear.


Figure 1: Aero Wing Market, by Material, 2022 & 2032 (USD Billion)


Aero Wing Market, by Material, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Aero Wing Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Aero Wing Market dominated this market in 2022 (45.80%). The high growth rate is linked to the region's concentration of important businesses and top aircraft wing producers. The Royal Canadian Air Force's expanding need for combat aircraft is anticipated to fuel market expansion. Further, the U.S. Aero Wing market held the largest market share, and the Canada Aero Wing market was the fastest growing market in the North America region.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: AERO WING MARKET SHARE BY REGION 2022 (USD Billion)


AERO WING MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Aero Wing market accounted for the healthy market share in 2022. The region's expanding aviation industry is anticipated to promote market expansion, which will be fueled by alliances and joint ventures. For instance, in order to obtain the structural assembly for the over wing doors on the Airbus A321neo aircraft, Aerostructures Assemblies India (AAI) and Saab AB (Sweden) inked a deal in February 2019. Further, the German Aero Wing market held the largest market share, and the U.K Aero Wing market was the fastest growing market in the European region


The Asia Pacific Aero Wing market is expected to register significant growth from 2023 to 2032. The development of the commercial aerospace sector in China, India, and Japan is credited with this increase. Furthermore, it is anticipated that the market participants will benefit from a number of opportunities brought on by China and India's rising demand for commercial aircraft. Moreover, China’s Aero Wing market held the largest market share, and the Indian Aero Wing market was the fastest growing market in the Asia-Pacific region.


Aero Wing Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Aero Wing market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Aero Wing must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Aero Wing to benefit clients and increase the market sector. In recent years, the Aero Wing has offered some of the most significant advantages to medicine. Major players in the Aero Wing market, including Airbus Group, The Boeing Company, Lockheed Martin, United Technologies Corporation (UTC), General Dynamics Corporation, Bombardier Aerospace, Northrop Grumman, Raytheon Company, Embraer Executive Jets, and Mitsubishi Aircraft, are attempting to increase market demand by investing in research and development operations.


Operating as a holding company is Xeriant, Inc. Through its subsidiaries, the Company concentrated on acquiring, developing, and commercialising technology with aerospace applications, including cutting-edge aircraft ideas aimed at new market prospects. A contract was signed in December 2020 by Xeriant, Inc. and CoFlow Jet, LLC to create and market the active flow control airfoil technology, which is enhancing fixed-wing commercial aircraft's capacity to carry more air and cruise more efficiently. Electric vertical takeoff and landing aircraft (eVTOL) technology is the foundation of this invention.


For the military and commercial industries, Israel Aerospace Industries Ltd (IAI) offers aerospace and defence technology. Business jets, combat aircraft, helicopters, radar systems, hydraulic systems, and componentry are all designed, developed, produced, and supplied by the corporation. It produces observation satellites, satellite launchers, ground control stations, research satellites, and communication satellites. The U.S. Air Force and Israel Aerospace Industries (IAI) agreed to a contract of USD 240 million in February 2020 to produce the wings for the T-38 fighter that was used by the U.S. Air Force.


Key Companies in the Aero Wing market include



  • Airbus Group

  • The Boeing Company

  • Lockheed Martin

  • United Technologies Corporation (UTC)

  • General Dynamics Corporation

  • Bombardier Aerospace

  • Northrop Grumman

  • Raytheon Company

  • Embraer Executive Jets

  • Mitsubishi Aircraft


Aero Wing Industry Developments


November 2022: New Fixed-Wing eVTOL Small UAS Announced by Aurora Flight Sciences. SKIRON-X is a Group 2 sUAS that combines easy operation with payload flexibility and flying endurance. The Skiron Expeditionary sUAS, or SKIRON-X, is the newest small UAS product from Aurora Flight Sciences, a Boeing Company.


Aero Wing Market Segmentation


Aero Wing Platform Outlook



  • Military

  • Commercial


Aero Wing Type of Build Outlook



  • Conventional Skin Fabrication

  • Composite Skin Fabrication


Aero Wing Material Outlook



  • Alloys

  • Metals

  • Composite


Aero Wing Regional Outlook




  • North America



    • US

    • Canada




  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific



    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World




    • Middle East




    • Africa




    • Latin America







Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 13.2 Billion
Market Size 2023 USD 14.4 Billion
Market Size 2032 USD 29.2 Billion
Compound Annual Growth Rate (CAGR) 9.20% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Platform, Type of Build, Material, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Airbus Group, The Boeing Company, Lockheed Martin, United Technologies Corporation (UTC), General Dynamics Corporation, Bombardier Aerospace, Northrop Grumman, Raytheon Company, Embraer Executive Jets, and Mitsubishi Aircraft
Key Market Opportunities Technological advancements
Key Market Dynamics Growing defense budget of china to adopt fifth generation fighter jets and rising usage of composite components to procure aircraft wings


Frequently Asked Questions (FAQ) :

The Aero Wing Market size was valued at USD 13.2 Billion in 2022.

The global market is projected to grow at a CAGR of 9.20% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are Airbus Group, The Boeing Company, Lockheed Martin, United Technologies Corporation (UTC), General Dynamics Corporation, Bombardier Aerospace, Northrop Grumman, Raytheon Company, Embraer Executive Jets, and Mitsubishi Aircraft

The commercial category dominated the market in 2022.

The conventional skin fabrication category had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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