📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Aircraft Design and Engineering Market Research Report Information by Aircraft Component (Engine, Wings, Fuselage, Tail, Nose, Landing Gear and Pylon), Operation (Design, Manufacturing, Analysis and Testing, Maintenance, Repair and Operations [MRO] and others), End-Use (Commercial Aviation and Military Aviation) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2032

ID: MRFR/A&D/6941-HCR | 89 Pages | Author: Swapnil Palwe| June 2024

Aircraft Design and Engineering Market Overview

Aircraft Design and Engineering Market size was valued at 34.2 Billion in 2022. The Aircraft Design and Engineering industry is projected to grow 54.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.70% during the forecast period (2022 - 2032).

Aircraft design and engineering refers to the designing aircraft components such as engine, wings, fuselage, tail, nose, landing gear, and pylon. These components are designed using software such as computer-aided design (CAD). It also involves optimizing existing aircraft design to increase efficiency. Aircraft engineering is the manufacturing of aircraft components as per the design. Various factors are involved in aircraft engineering such as analysis, testing and validation, and value engineering.

The global aircraft design and engineering market is expected to register significant growth during the forecast period owing to an increase in passenger traffic and the subsequent demand for new aircraft. Globally, air passenger traffic has been increasing at a significant pace over the past couple of years. Factors such as decreasing airfares, increasing per capita disposable incomes, especially in developing countries, and improved quality of life have led to a rise in air travel. To cater to the rising number of passengers, there has been a corresponding increase in the demand for new aircraft.

Weight reduction is a key necessity in modern aircraft design as it helps reduce fuel consumption and CO2 emissions. An approximate 1% reduction in aircraft weight lowers fuel consumption by 0.75%. A key objective of the aerospace industry is to increase aircraft efficiency while reducing fuel consumption. Lightweight components enable aircraft manufacturers to achieve these results. Using the additive manufacturing (AM) process, aircraft parts are built as per the CAD design. This is a more efficient process than conventional manufacturing where a substantial amount of raw materials is sometimes machined away to create the final component.

Aircraft Design and Engineering Market Segmentation

The global aircraft design & engineering market has been segmented on the basis of aircraft component, operation, end use, and region. On the basis of aircraft component, the market has been segmented into engine, wings, fuselage, tail, nose, landing gear, and pylon. The engine segment was the largest in 2018 whereas the fuselage segment is expected to be the fastest growing during the forecast period.

Based on Operation

The market has been divided into design, manufacturing, analysis and testing, maintenance, repair, and operations (MRO), and others. In 2018, the design segment led the market due to high investments in research and development aimed at aircraft design. The maintenance, repair, and operations (MRO) is expected to register the highest CAGR during the review period.

Based on End Use

The market has been classified as commercial aviation and military aviation. The military aviation segment is expected to exhibit the higher CAGR during the assessment period. This can be attributed to government investments in aviation and military modernization programs across all regions.

Based on Region

The market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is projected to be the fastest-growing owing to an increase in investments in the aviation industry, primarily in India and China. Furthermore, a rise in investments in military aviation is further estimated to drive the growth of the aircraft design & engineering market in the region during the forecast period.

Key Players

The key players in the global aircraft design & engineering market are Boeing (US), Bombardier  (Canada), Embraer SA (Brazil), Airbus SAS (Netherlands), Lockheed Martin Corporation (US) United Technologies Corporation (US), Rolls-Royce PLC (UK), and GE Aviation (US).

Aircraft Design and Engineering Market Trends

Focus on Sustainability: The development of ecologically friendly and fuel-efficient aircraft is a growing focus for manufacturers. Examples are Boeing's efforts to create sustainable aviation fuels and Airbus's ZEROe hydrogen-powered concept aircraft.

Digital Transformation: In order to optimize design, manufacturing, and maintenance procedures, the industry is embracing digital tools and technologies including 3D printing, artificial intelligence, and big data analytics. Siemens and Dassault Systèmes are two businesses that are heavily involved in this field.

Urban Air Mobility (UAM): With organizations like Joby Aviation, Archer Aviation, and Volocopter making major advancements, the development of electric vertical takeoff and landing (eVTOL) aircraft is gathering steam.

Recent Development

Airbus (AIR.PA): A leading European aerospace manufacturer known for its commercial and military aircraft, including the A320 family and A350 XWB. They are also actively involved in sustainability initiatives and UAM development.

Bombardier (BBD.B): A Canadian aerospace manufacturer specializing in business jets, regional aircraft, and specialized transportation solutions.

Embraer (EMBR3.SA): A Brazilian aerospace company known for its commercial jets, turboprops, and defense products.

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.

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.

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.

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

Report Attribute/Metric Details
Market Size2022 USD 34.2 Billion
Market Size2032 USD 54.6 Billion
Compound Annual Growth Rate (CAGR) 4.70% (2022-2032)
Base Year 2021
Market Forecast Period 2022-2032
Historical Data 2019- 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Aircraft Component, Operation, End-Use, Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Boeing (US), Bombardier  (Canada), Embraer SA (Brazil), Airbus SAS (Netherlands), Lockheed Martin Corporation (US) United Technologies Corporation (US), Rolls-Royce PLC (UK), and GE Aviation (US)
Key Market Opportunities Rising number of passengers
Key Market Dynamics Rise in investments in military aviation

Aircraft Design Engineering Market Highlights:

Frequently Asked Questions (FAQ) :

United Technologies Corporation (U.S.), Airbus SAS (Netherlands), Lockheed Martin Corporation (U.S.) are the central players in the market.

A promising CAGR is estimated to transform the market in the future.

The APAC region is estimated to be leading the charge for market development in the forecast period.

A USD 54.6 billion by 2032 is forecasted for the market in the impending period.

The escalation in demand for new aircraft is predicted to usher in development in the global market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.