Aircraft Brackets Market Size and analysis

    The aircraft brackets market size is projected to reach US$ 512.2 million by 2031 from US$ 324.2 million in 2023 to register a CAGR of 5.9% during 2023–2031. According to a new comprehensive report from The Insight Partners, the global aircraft brackets market is observing healthy growth owing to the increasing global fleet of aircraft and growing deliveries of narrow body aircraft models.

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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.