NEW YORK, June 2, 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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