Report Overview
By 2030, the market for fuselage frame models is projected to have grown from USD 433.8 million in 2022 to USD 735.1 million, with a CAGR of 6.8% during the forecast period of 2023–2030.
Russia has had a considerable impact on the global market for fuselage frame modelling through its aerospace sector and manufacturer participation in aircraft design and development.
For example, Irkut Corporation, a UAC subsidiary, developed the medium-range airliner MC-21. The MC-21 uses cutting-edge composite materials and unique design ideas, such as enhanced fuselage structure modelling, to minimise weight and increase fuel efficiency. The application of advanced modelling methodologies increases the MC-21's performance and competitiveness on the global market. As a result, Russia accounts for one-fifth of the regional market share.
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Market Dynamics
Demand for Lightweight and Fuel-Efficient Aircraft is Growing
The aviation industry's emphasis on fuel economy and environmental sustainability is driving demand for lightweight aircraft designs. Fuselage frame modelling is critical for structural design optimisation, weight reduction, and fuel efficiency enhancement in order to fulfil the aviation industry's goals for more affordable and environmentally friendly aircraft.
For example, the fuselage of the Boeing 787 Dreamliner makes extensive use of composite materials, enhancing fuel efficiency by 20% over previous-generation aircraft. Airlines favoured the Dreamliner due to its fuel efficiency advantage, which has increased demand for lightweight composite fuselage technology.
Increased Aircraft Manufacturing and Fleet Expansion
Because of the increased manufacturing of aircraft, manufacturers and aerospace industries require modelling services to build and analyse fuselage frames. The market for fuselage frame modelling is growing as a result of increased demand for modelling services. Modelling expertise, software, and analysis tools are in high demand as aircraft production rates increase.
The Airbus A320neo family is an excellent example of how growing fleet size and aircraft production drive up need for fuselage frame modelling. The A320neo series, which comprises the A319neo, A320neo, and A321neo, has received significant orders and deliveries around the world.
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Fuselage Frame Modelling Market Companies
The major global players include Airbus, Boeing, Bombardier Aerospace, Embraer, Leonardo S.p.A. (formerly Finmeccanica), Lockheed Martin Corporation, Safran, Northrop Grumman Corporation, Mitsubishi Heavy Industries and COMAC (Commercial Aircraft Corporation of China).
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