Aerospace Fasteners Market Research Report- Global Forecast to 2023 - PowerPoint PPT Presentation

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Aerospace Fasteners Market Research Report- Global Forecast to 2023

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  1. Aerospace Fasteners Market Research Report By Forecast To 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

  2. Aerospace Fasteners Market Research Report - Forecast to 2023 Global Aerospace Fasteners Market Information by Application (Commercial Aerospace and Military), Aircraft Class (Commercial Aircraft & Military Aircraft), and Region (Americas (North and Latin), Europe, Asia Pacific, Middle East & Africa)- Forecast To 2023. Fasteners are widely used in commercial and military aircraft, ballistic missiles and rockets, aftermarket service and their parts and components. The aerospace industry makes use of a different range of fasteners such as screws, bolts, rivets, nuts, hi-locks, and pins. Growing demand for air travel worldwide has led to increased requirement for commercial aircraft fleet. Such an increase in the number of aircraft will simultaneously result in demand for aerospace fasteners. Aerospace fastener manufacturers are increasingly focusing on emerging regions, such as Mexico, Brazil, India, and North Africa because of the high demand for aircraft. This offers opportunities for third-party companies to partner with OEMs and open MRO service centers in these regions. The use of titanium fasteners and growing investment in interior cabin products have been encouraging market growth in the last five years. With technological advances being key to product acceptance, the introduction of software such as ASRP5, which allows the simulation of complex assembly processes, bodes well for the market. Both civilian aircraft programs, comprising Boeing 787, Bombardier's new C-Series airliners, and Airbus A350, and military programs, including aircraft such as Lockheed's new F-35 Lightning II fighter jet, are favoring titanium aerospace parts. This preference is due to the light weighing parts and their compatibility with carbon fiber reinforced composite structures, which drive their demand in the market. Titanium hardware weighs 40% lesser than non-titanium hardware. It is also corrosion resistant, has high strength-to-weight ratio, and retains properties at high temperature. Titanium parts have tensile strength as high as 160 ksi and shear strengths of 95 ksi. Report Sample @ 2

  3. Aerospace Fasteners Market Research Report - Forecast to 2023 Aircraft parts manufacturers are ramping up their production to meet the demand for titanium fasteners. In 2014, B/E Aerospace signed an agreement worth USD 950 million with United Technologies to provide aerospace fasteners, consumables, hardware, and logistical services. In October 2015, Alcoa got a contract worth USD1 billion from Airbus for the supply of titanium fasteners. In 2011, Carpenter Technology invested USD 5 million to expand its capacity for producing aerospace fasteners. These fasteners will be used in the airframes of the Boeing Dreamliner 787. Rapid shifts in technology make it difficult for vendors to design appropriate fasteners and other related products, and has been a cause for concern among vendors. The increased retirement of maintenance intensive aircraft in favour of more electronic aircraft, which require a far fewer number of fasteners, will also hamper market growth to some extent. The aerospace fasteners market is expected to grow at a CAGR of 7.85% during the period 2017-2023. IntendedAudience • Distributer & Supplier companies • End Users • Consultants and Investment bankers • Government as well as Independent Regulatory Authorities Get Discount @ 3

  4. Aerospace Fasteners Market Research Report - Forecast to 2023 Market Segmentation: 4

  5. Aerospace Fasteners Market Research Report - Forecast to 2023 Regional Analysis The Americas is home to a few of the world's most renowned commercial aircraft and business jet manufacturers, namely, Boeing, Bombardier, Gulfstream, and Embraer. Companies such as Boeing often engage in R&D projects with the manufacturers of aerospace fasteners. U.S., in particular, is making substantial investments in producing advanced fastening systems, which will be integrated across modern fighter jets and MEA such as Boeing 787. North America extensively invests in the aerospace titanium fasteners, and generates a very high demand for these fastening systems. Although, Brazil and Canada make some investments in the development of these fastening systems, yet the market is primarily dominated by the U.S. The mergers of major airlines in the U.S. (American Airlines with US Airways, United with Continental, Delta with Northwest, and Southwest with AirTran) have made the country’s airline industry the most profitable in the global aviation market. These airlines are investing in advanced technology and upgrading fasteners to enhance their flight safety and operations, which will have a positive impact on the market. Similarly, Europe has been at the forefront of commercial aviation innovations, particularly with the recent nanotechnology- based innovations depicting the lightweight and energy-efficiency characteristics for metal-based components, which presents a number of opportunities for local manufacturers and stakeholders of aerospace fasteners. It develops advanced aerospace fasteners by unifying metallurgy with aeronautical excellence. Browse Report @ 5

  6. Aerospace Fasteners Market Research Report - Forecast to 2023 Key Players The global aerospace fasteners market is highly competitive, and vendors compete based on cost, product quality, reliability, and aftermarket service. To survive and succeed in such a competitive environment, it is important for vendors to provide cost-effective and high-quality aerospace fasteners with latest technology and materials. Products used in the interior of an aircraft cabin are designed and manufactured based on the requirements of specific aircraft. Aircraft technicians find it challenging to implement changes to aircraft interiors as the technology they use will soon become obsolete. With the rapid advances in aircraft cabin interior technologies, the upgradation of the fasteners is necessary to comply with the airplane requirements, which require high investments and technical expertise. For instance, Boeing 787 uses many loadable software airplane parts (LSAP). Traditionally, these were loaded via floppy disks. However, as floppy disks have become obsolete, airlines have to spend money on newer technologies for management for loading data. Upgrading to the latest technology requires capital and may cause delays in aircraft delivery, affecting the airlines' operations Aloca and B&B Specialties are the two leading vendors in the market. Their focus is, primarily, on the implementation of lightweight materials, more electric technologies, and robust systems. Other key players in this market are 3V Fasteners Company(U.S.), Aloca (U.S.), B&B Specialties(CA), KLX(U.S.), LISI (France), CDP Fastener Group(MA), National Aerospace Fasteners Aerospace(Canada), Wesco Aircraft Holdings(U.S.). (Taiwan), Stanley Aerospace Fastening(USA), TFI Press Release @ 6

  7. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clientsto see more, know more, and do more,which help to answer all their mostimportantquestions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visitsfor its research analyst members. For more informationkindly visitwww.marketresearchfuture.comor contactus at Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated,copied, quoted, or otherwisereproduced withoutthe written approvalof Market Research Future. 7

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