The aircraft empennage market is a very important part of the aerospace market, as the empennage (tail) is vital to the stability and control of an aircraft. The size of the market is affected by the development of the aviation market, demand for new aircraft, and material and manufacturing technology advancements.
Aircraft Empennage Market Size (2023 and Beyond)
2023 Global aircraft empennage market size is estimated between 2.5billionto2.5billionto3.5 billion based on source and methodology adopted.
Forecast (2023–2030) The market will grow with a Compound Annual Growth Rate (CAGR) of around 5% to 7%, up to a targeted value of 4billionto4billionto5 billion by the year 2030.
Global aircraft empennage market is expected to experience growth with a strong CAGR during the forecast period. The growth of the market can be contributed to the increasing investments in the aviation industry to create sophisticated equipment to enhance the efficiency and safety of the aircrafts. Empennage is used to describe the whole tail or rear part of the aircraft, which includes vertical and horizontal stabilizers, the elevator, and the ruder. The basic function of empennage is to give stability to the aircraft during the flight by minimizing the side-to-side movement. Empennage is not an individual piece of equipment, but rather a number of parts like the tailplane, the tailfin, and the tail portion of the fuselage. As a whole, all these pieces of equipment together are called aircraft empennage. While flying, aircraft empennage gives airplane a surface where airplane stabilizer can be fitted.
The swift increase in the industry of airplane manufacturing to meet the increasing needs from both the commercial and defense & military markets is increasing the aircraft empennage market growth. The defense and military market need narrow shaped body that would make the plane fly and navigate the way more quickly and at a fast speed. Empennage is positioned at the back of the plane and is comprised of two key parts, which are the rudder and the elevator. The rudder assists the airplane to turn from left to right, and the elevator assists in changing altitude quickly. Therefore, aircraft empennage is very essential in enhancing the safety performance of the plane. Apart from these, the escalating use of air cargo shipping by the e-commerce sector is also augmenting the use of aircraft in the industry and, in turn, affecting the demand for the product.
Other than these, the speeding up technological developments to lower the production cost and improve fuel efficiency are expected to provide sizeable growth opportunities to the global market for aircraft empennage. For example, machine learning methods like AI are being embraced by aircraft producers to enhance quality, efficiency, and safety. The ML models gather data and interpret it in order to make improved decisions. These developments ultimately contribute to minimizing the cost of manufacturing as well as enhancing improving the performance of airplanes. The low production price has led to increased production of aircrafts, thus contributing to the high demand for aircraft empennage.
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Market Segmentation
The United States is anticipated to hold a significant market share in the coming years due to the emergence of innovative aircraft empennages by the market players in the region.
Company Profile
GKN plc, Americans Spirit AeroSystems, Triumph Group, Mitsubishi Heavy Industries, Leonardo S.p.A., Stelia Aerospace, Premium Aerotec, Latécoère, Lockheed Martin Corporation, and Spirit AeroSystems, Inc are the leading market in global aircraft empennage market.
Market Segmentation
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By Aircraft Type
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Commercial Aircraft (narrow-body, wide-body, regional jets)
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Military Aircraft (fighters, transport, UAVs)
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General Aviation
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By Material
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Composites
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Alloys (aluminum, titanium)
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Others
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By Region
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North America (largest market due to presence of major OEMs and defense contractors)
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Europe (strong aerospace manufacturing base)
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Asia-Pacific (fastest-growing region due to rising air travel and defense modernization)
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Rest of the World (Middle East, Latin America, Africa)
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Key Players
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Airbus SE
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Boeing Company
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Spirit AeroSystems
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Leonardo S.p.A.
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Triumph Group
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GKN Aerospace
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Ruag Group
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Korea Aerospace Industries (KAI)
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Aircraft Type · Demand Category · Empennage Type |
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Regional scope |
North America, Europe & CIS, Asia Pacific, Middle east and Africa, South America |
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Country scope |
United States; Canada; Mexico; China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea; Germany, France, United Kingdom, Spain, Italy, Belgium, Russia; Brazil, Argentina, Colombia; South Africa, UAE, Saudi Arabia, Egypt |
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Key companies profiled |
GKN plc, Americans Spirit AeroSystems, Triumph Group, Mitsubishi Heavy Industries, Leonardo S.p.A., Stelia Aerospace, Premium Aerotec, Latécoère, Lockheed Martin Corporation, and Spirit AeroSystems, Inc |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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