Aircraft Brackets Market Growth, Size, Share, Trends, Key Players Analysis

The aircraft brackets market size is projected to reach US$ 512.2 million by 2031 from US$ 324.2 million in 2023. The market is expected to register a CAGR of 5.9% during 2023–2031. The increasing adoption of lightweight material based aircraft brackets is likely to remain a key trend in the market.

Read More - https://finance.yahoo.com/news/aircraft-brackets-market-size-worth-150500000.html 

Aircraft Brackets Market Analysis

The increasing number of orders of narrow body and wide body aircraft in the commercial aircraft segment is one of the prime driving factors for the aircraft brackets market globally. Additionally, in 2023, the overall general aviation shipments have witnessed an increase, when compared to 2022. The shipments and preliminary aircraft deliveries accounted for US$ 28.3 billion, an increase of ~3.3%.

As per the General Aviation Manufacturers Association data, in 2023, Airplane shipments witnessed a rise compared to 2022. Piston airplane deliveries increased by ~11.8%, with 1,682 units; business jet deliveries increased to 730 units from 712, and turboprop airplane deliveries surged by ~9.6%, with 638 units. The value of airplane deliveries was US$ 23.4 billion in 2023, an increase of ~2.2% from 2022.

The proliferation of lightweight materials for fabricating aircraft components is expected to be one of the prime trends in the market, driving the application of titanium and other composite materials in the manufacturing of aircraft brackets.

ccording 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.