Asia Pacific Aircraft Brackets Market Forecast to 2031 - Regional Analysis by Aircraft Type, Application, Material, and End Use

List of Tables

The Asia Pacific aircraft brackets market was valued at US$ 100.72 million in 2023 and is expected to reach US$ 177.60 million by 2031; it is estimated to register a CAGR of 7.3% from 2023 to 2031.

Increasing Global Aircraft Fleet Size Boosts Asia Pacific Aircraft Brackets Market

According to Avolon's study on global commercial passenger aviation, the aviation fleet is expected to grow 94% to reach 46,880 aircraft by 2042. This is owing to the continued growth in demand for air travel, building on the rapid recovery since COVID-19 travel restrictions. According to the study by Avolon, China, India, Asia, and South America are expected to show more than 3.5% growth in air travel from 2023 to 2042. In addition, the huge rise in the number of aircraft fleets from the regions mentioned above is expected to create opportunities for the key aircraft bracket manufacturers across the globe.

In addition, according to the Ch-aviation data on aircraft fleet orders from across the world, as of June 2023, the US accounted for the highest number of aircraft orders (excluding military aircraft and aircraft with unknown operator/engine) globally with a total of 3,147 aircraft on order, followed by Ireland, China, and India with 1,247; 1,239; and 888 aircraft orders, respectively. According to the same data, the top 5 consumers with aircraft orders include United Airlines, IndiGo Airlines, Lion Air, Air Lease Corporation, and AirAsia. Such an increase in orders and the growth of the global aircraft fleet are expected to raise the demand for aircraft brackets, which is anticipated to create opportunities for the key players operating in the market from 2023 to 2031.

According to the Oliver Wyman analysis, the global commercial aircraft fleet currently stands at ~28,398 aircraft and is expected to reach ~36,413 aircraft by the end of 2034. This is expected to generate new opportunities for aircraft component suppliers, including bracket manufacturers, in the coming years.

Asia Pacific Aircraft Brackets Market Overview

Asia Pacific is a large aviation consumer base with more than 4 billion people and dynamic economies that together generate 35% of global GDP. The aviation industry in the region makes a crucial contribution to its social and economic development. The growth of Asia Pacific has been primarily attributed to the wide range of income levels and the rapidly growing middle class. This resulted in robust order gains from the fast-developing economies of Asia Pacific, such as India and China. Asia Pacific is expected to offer ample opportunities for aircraft bracket providers in the future. Asia Pacific has several growing economies, which are leading the growth of a variety of sectors, including aerospace, military & defense, and technology. Asia Pacific has seen heavy imports of modern commercial aircraft in recent years due to the increasing number of international travelers from countries such as India, China, Japan, and Taiwan. The number of airports in the region is increasing, which, in turn, boosts the demand for aircraft fleets from airline companies.

Asia Pacific Aircraft Brackets Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Aircraft Brackets Market Segmentation

The Asia Pacific aircraft brackets market is categorized into aircraft type, application, material, end use, and country.

Based on aircraft type, the Asia Pacific aircraft brackets market is segmented into commercial aircraft, general aviation, military aircraft, and helicopter. The commercial aircraft segment held the largest market share in 2023.

By application, the Asia Pacific aircraft brackets market is segmented into aircraft fuselage, aircraft wings, aircraft control surfaces, engine, and others. The aircraft fuselage segment held the largest market share in 2023.

In the terms of material, the Asia Pacific aircraft brackets market is segmented into aluminum, steel, and others. The aluminum segment held the largest market share in 2023.

By end use, the Asia Pacific aircraft brackets market is bifurcated into OEMs and aftermarket. The OEMs segment held a larger market share in 2023.

By country, the Asia Pacific aircraft brackets market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific aircraft brackets market share in 2023.

Arconic Corp; Godrej & Boyce Manufacturing Co Ltd; Hexagon AB; Hutchinson SA; Legend Aerospace; Meena cast Pvt. Ltd.; Precision Castparts Corp.; RTP Company; SEKISUI Aerospace; Singapore Technologies Engineering Ltd; Spirit AeroSystems Holdings Inc; and Triumph Group Inc are some of the leading companies operating in the Asia Pacific aircraft brackets market.

Product Code: BMIRE00031574

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Aircraft Brackets Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. Asia Pacific Aircraft Brackets Market - Key Market Dynamics

5.1 Aircraft Brackets Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Orders and Deliveries of Narrow Body Aircraft
- 5.2.2 Rising Deliveries of General Aviation Aircraft and Helicopters
5.3 Market Restraints
- 5.3.1 Suspended Production of B737 Max Program and Grounding of Airbus A320 by Spirit Airlines
- 5.3.2 Discontinuation of A380s and B747 Jumbo Jets
5.4 Market Opportunities
- 5.4.1 Increasing Global Aircraft Fleet Size
5.5 Future Trends
- 5.5.1 Increasing Adoption of Lightweight Material Based Aircraft Brackets
5.6 Impact of Drivers and Restraints:

6. Aircraft Brackets Market - Asia Pacific Market Analysis

6.1 Overview
6.2 Asia Pacific Aircraft Brackets Market Revenue (US$ Million), 2021-2031
6.3 Asia Pacific Aircraft Brackets Market Forecast Analysis

7. Asia Pacific Aircraft Brackets Market Analysis - by Aircraft Type

7.1 Commercial Aircraft
- 7.1.1 Overview
- 7.1.2 Commercial Aircraft: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
7.2 General Aviation
- 7.2.1 Overview
- 7.2.2 General Aviation: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Military Aircraft
- 7.3.1 Overview
- 7.3.2 Military Aircraft: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Helicopter
- 7.4.1 Overview
- 7.4.2 Helicopter: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Aircraft Brackets Market Analysis - by Application

8.1 Aircraft Fuselage
- 8.1.1 Overview
- 8.1.2 Aircraft Fuselage: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Aircraft Wings
- 8.2.1 Overview
- 8.2.2 Aircraft Wings: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Aircraft Control Surfaces
- 8.3.1 Overview
- 8.3.2 Aircraft Control Surfaces: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Engine
- 8.4.1 Overview
- 8.4.2 Engine: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific Aircraft Brackets Market Analysis - by Material

9.1 Aluminum
- 9.1.1 Overview
- 9.1.2 Aluminum: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Steel
- 9.2.1 Overview
- 9.2.2 Steel: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Others
- 9.3.1 Overview
- 9.3.2 Others: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)

10. Asia Pacific Aircraft Brackets Market Analysis - by End Use

10.1 OEMs
- 10.1.1 Overview
- 10.1.2 OEMs: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
10.2 Aftermarket
- 10.2.1 Overview
- 10.2.2 Aftermarket: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)

11. Asia Pacific Aircraft Brackets Market - Country Analysis

11.1 Asia Pacific Overview
- 11.1.1 Asia Pacific Aircraft Brackets Market, by Key Countries- Revenue (2023) (US$ Million)
- 11.1.2 Asia Pacific: Aircraft Brackets Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 Asia Pacific: Aircraft Brackets Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 Australia: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.2.1 Australia: Aircraft Brackets Market Breakdown, by Aircraft Type
    - 11.1.2.2.2 Australia: Aircraft Brackets Market Breakdown, by Application
    - 11.1.2.2.3 Australia: Aircraft Brackets Market Breakdown, by Material
    - 11.1.2.2.4 Australia: Aircraft Brackets Market Breakdown, by End Use
  - 11.1.2.3 China: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.3.1 China: Aircraft Brackets Market Breakdown, by Aircraft Type
    - 11.1.2.3.2 China: Aircraft Brackets Market Breakdown, by Application
    - 11.1.2.3.3 China: Aircraft Brackets Market Breakdown, by Material
    - 11.1.2.3.4 China: Aircraft Brackets Market Breakdown, by End Use
  - 11.1.2.4 India: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.4.1 India: Aircraft Brackets Market Breakdown, by Aircraft Type
    - 11.1.2.4.2 India: Aircraft Brackets Market Breakdown, by Application
    - 11.1.2.4.3 India: Aircraft Brackets Market Breakdown, by Material
    - 11.1.2.4.4 India: Aircraft Brackets Market Breakdown, by End Use
  - 11.1.2.5 Japan: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.5.1 Japan: Aircraft Brackets Market Breakdown, by Aircraft Type
    - 11.1.2.5.2 Japan: Aircraft Brackets Market Breakdown, by Application
    - 11.1.2.5.3 Japan: Aircraft Brackets Market Breakdown, by Material
    - 11.1.2.5.4 Japan: Aircraft Brackets Market Breakdown, by End Use
  - 11.1.2.6 South Korea: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.6.1 South Korea: Aircraft Brackets Market Breakdown, by Aircraft Type
    - 11.1.2.6.2 South Korea: Aircraft Brackets Market Breakdown, by Application
    - 11.1.2.6.3 South Korea: Aircraft Brackets Market Breakdown, by Material
    - 11.1.2.6.4 South Korea: Aircraft Brackets Market Breakdown, by End Use
  - 11.1.2.7 Rest of Asia Pacific: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.7.1 Rest of Asia Pacific: Aircraft Brackets Market Breakdown, by Aircraft Type
    - 11.1.2.7.2 Rest of Asia Pacific: Aircraft Brackets Market Breakdown, by Application
    - 11.1.2.7.3 Rest of Asia Pacific: Aircraft Brackets Market Breakdown, by Material
    - 11.1.2.7.4 Rest of Asia Pacific: Aircraft Brackets Market Breakdown, by End Use

12. Competitive Landscape

12.1 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative

14. Company Profiles

14.1 Hexagon AB
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Singapore Technologies Engineering Ltd
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Legend Aerospace
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 RTP Company
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Triumph Group Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Spirit AeroSystems Holdings Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Hutchinson SA
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Arconic Corp
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 SEKISUI Aerospace
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Godrej & Boyce Manufacturing Co Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
14.11 Precision Castparts Corp.
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
14.12 Meena cast Pvt. Ltd.
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments

15. Appendix

15.1 About The Insight Partners