NEW YORK, June 3, 2021 /PRNewswire/ — The global commercial airframe component market is expected to grow by USD 3.68 billion according to the Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 6%.
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The commercial airframe component market is driven by the aviation-friendly government initiatives in APAC. In addition, the growing air passenger traffic is anticipated to boost the growth of the commercial airframe component market.
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Major Five Commercial Airframe Component Companies:
- Aernnova Aerospace SA
- Airbus SE
- Avcorp Industries Inc.
- Melrose Industries Plc
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Commercial Airframe Component Market Component Outlook (Revenue, USD bn, 2020-2025)
- Fuselage – size and forecast 2020-2025
- Wing – size and forecast 2020-2025
- Empennage – size and forecast 2020-2025
Commercial Airframe Component Market Geography Outlook (Revenue, USD bn, 2020-2025)
- Europe – size and forecast 2020-2025
- APAC – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
- South America – size and forecast 2020-2025
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