Airframe
Intensifying military aircraft demand to augment aerospace and defense ducting market size over 2019-2025
With the growing number of air passengers and increasing aircraft demand, aerospace and defense ducting market size has been estimated to grow significantly over 2019-2025. Maintaining aircraft cabin temperature and pressure are very important as the passenger aircrafts cruise at high altitudes. Due to lower pressure and temperature at higher altitudes, air-conditioning system installation in aircrafts play an important role in both human health and comfort. Companies toiling to enhance customer experience and airlines lowering their fares to serve a wider consumer base will add impetus to aerospace and defense ducting market trends in the forecast years.
U.S. Aerospace & Defense Ducting Market, By Application, 2018 & 2025, (USD Million)
Dropping air fares have been playing a crucial role in positive growth of aerospace and defense ducting market size. Low air fares will increase the number of passengers and consequently demand for improved customer experience. Recently it has been reported that air fares in Australia have fallen by 10 per cent since July 2018. The index of business class fares fell by 0.2 per cent in July and by 11.6 per cent from the peak recorded in June 2011. More affordable rates will predictably raise number of air travelers. As comfort and convenience of customers become paramount, efforts by airlines in these areas are helping to expand aerospace and defense ducting market share.
Lowering air fares has been raising the number of passengers wanting to travel by air which in turn will augment aerospace and defense ducting industry outlook. The International Air Transport Association (IATA) has disclosed that current trends in air transport predict passenger numbers can double to 8.2 billion in the year 2037. China will displace the United States as the world’s largest aviation market in the mid of the year 2020. China rebalancing its economy towards consumption will reinforce strong passenger demand over the long term. The number of air passengers have been predicted to increase with rapidly expanding aviation sector which will push the growth graph of aerospace and defense ducting industry forward.
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Increased air travel has naturally created a demand for aircrafts which has encouraged aircraft manufacturers to increase production. To address the huge demand, Boeing has reportedly delivered 69 737 airplanes in December 2018 and set a new annual record of 806 deliveries in 2018. The company has surpassed its previous record of 763 deliveries in 2017. Rapidly growing demand and production of aircrafts equipped with various features has been improving customer experience. Aerospace and defense ducting market size will also expand considerably over the forecast duration owing to augmented aircraft production.
Besides commercial aircrafts, demand of military aircrafts is also on the rise to enhance national security. According to the prominent sources, the U.S. air force must inflate its operational squadrons by nearly 25% in the years to come. The requirement has been recommended to deal with the growing military might of Russia and China and to protect the U.S. against violent extremist forces. Sources also cited that the number of squadrons, bombers and tankers, a mix of fighters and drones, should be raised from 312 at present to 386 by the year 2030. The Air Force needs light weight aircrafts with greater efficiency and competence to deal with high pressure and temperature. Intensifying demand of such aircrafts in the Air Force is one of the crucial factors that will augment revenue share of aerospace and defense ducting market.
In order to strengthen their stance in aerospace and defense ducting industry, several companies are following different growth strategies. For instance, Meggitt PLC, a leading international company specializing in high performance components and sub-systems for aerospace, defense and selected energy markets, has been awarded a fixed price contract by General Dynamics Land Systems (GDLS) to develop an Advanced Cooling System for the next generation ground combat platforms. Meggitt has manufactured more than 2,480 hydraulically powered Thermal Management Systems (TMS) for GDLS with additional 450 in process.
Businesses are also working on their current joint ventures as a part of the plan to increase their aerospace and defense ducting market share. Recently, the joint venture of Eaton with Shanghai Aircraft Manufacturing Co. (SAMC) secured approval by the authorities to offer maintenance, repair and overhaul (MRO) services on tubes and ducting to clients in the APAC region. With the approval, the current facility of Eaton-SAMC joint venture in Shanghai will immediately start serving as a ducting, tube and hose repair station. Such expansions and joint ventures will help to enhance the aerospace and defense ducting industry landscape in APAC region.
Growth of aerospace and defense ducting market will be helped by the companies toiling to expand their footprint globally with big contracts and regional expansions. The need for strengthening national security is also gaining paramount importance which will supplement aerospace and defense ducting industry growth significantly. According to a latest research report compiled by Global Market Insights, aerospace and defense ducting market size is forecast to surpass $7 billion by 2025.
Author Name : Anchal Solanki
Aerospace cold forgings market to gain massive impetus through the burgeoning expansion of the global aviation sector, North America to crop up as one of the most profitable regional grounds by 2025
With the stellar growth of the aviation industry, the aerospace cold forgings market is anticipated to record inevitable expansion in the years ahead. Current affairs indicate such a trend as well when in 2019, British Airways placed a massive order for 42 Boeing 777 jets. The deal comes at a time when IAG, which also owns other airlines like Aer Lingus and Iberia, said that the net profits for the group soared by 45% to €2.9 billion due to lower costs and higher passenger numbers.
U.S. Aerospace Cold Forgings Market, By Application, 2018 & 2025, (USD Thousand)
On the other hand, Airbus has been setting wheels in motion to assemble its latest A330neo wide-body jet in China. The company is trying to capitalize its business in the world’s fastest-growing aviation markets. China itself is not far behind in the race and has already tested the first China manufactured full size commercial aircraft in 2017, a line that is anticipated to rival giants like Boeing and Airbus. Considering such a widespread growth in the aerospace manufacturing industry, it can be very decidedly concluded that the aerospace cold forgings market will earn substantial profits as the industry mainly deals in the manufacturing of airframes, landing gears and nacelles.
Advancement in forging technology has helped in the expansion of shapes, sizes and properties available in forged products to meet the demand for a variety of design and performance requirements. In case where strength, economy, reliability and resistance to shock and fatigue are vital considerations, reliable forgings are indispensable. Forged materials are specialized to offer high or low temperature degree of ductility, performance, hardness and machinability.
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To present a brief overview of the burgeoning aviation industry and therefore the expanding aerospace cold forgings market, it is necessary to demonstrate the air travel pattern observed across the globe. Air travel has growth exponentially in the Asia Pacific region which would present the aerospace cold forgings industry with unprecedented opportunities and challenges. A staggering 3.8 billion air travelers had been reported by Air Transport Association (IATA) to have travelled in 2016 and this number has been predicted to reach 7.2 billion passengers by 2035 with most of the boost coming from Asia Pacific. China is set to overtake the U.S. as the largest aviation market in the world by 2024 while India will displace the U.K. at the third place near 2025.
One of the reasons contributing to this growth is the emerging middle class. Though the proportion of middle class in these countries are comparatively smaller than those found in more mature economies, the absolute numbers are still enormous. The upsurge in middle class households with more disposable incomes has naturally drawn people towards air travel. According to Boeing, over the next two decades 39,000 aircrafts would be in demand and at least 15,000 of these would be deployed in Asian markets with China set to become a trillion-dollar aviation market. Low cost airlines like AirAsia, Jetstar Asia, and Cebu Pacific are also another factor attributing to the rapid growth of air travel in Asia, not to mention the massive millennial population. It has been estimated that people of working age tend to fly most frequently as that saves them time.
The fact that aerospace cold forgings market stands to gain in Asia has been underlined by the recent event where Bamboo Airways of Vietnam ordered ten 787-9 Dreamliners from Boeing while VietJet ordered one hundred 737 Max planes. While the former order was priced at $3 billion, the latter came with a price tag of $12.7 billion. Remarkably, the orders come at a time when President Donald Trump of the United Sates, had been visiting Vietnam to meet with the North Korean leader, Kim Jong-Un.
Apart from APAC however, North America also stands as one of the most vital regional contributors to the global aerospace cold forgings industry. As per reports, North America aerospace cold forgings market will register a highly exponential growth rate over 2019-2025, driven by the rising presence of numerous aircraft manufacturers in the region in conjunction with the increasing demand for aircrafts subject to the enhanced service portfolio of low cost carriers. Equally important is the fact that U.S. regulators recently approved Vietnam’s air-safety system, making its airlines eligible to begin direct flights to the U.S.
With new areas of business opportunity opening up rapidly, the aerospace cold forgings market is anticipated to grow exponentially and will continue an upward trend over the coming years. As a matter of fact, the overall aerospace cold forgings industry size is anticipated to surpass USD 5.5 million by 2025.
Author Name : Paroma Bhattacharya
Aerospace & defense fluid conveyance systems market to amass hefty returns via aftermarket sales, global industry share to exceed USD 22 billion by 2024
The rising deployment of fleet services for transportation & military operations has been driving aerospace & defense fluid conveyance systems market considerably since the last few years. With increasing disposable incomes and subsequently changing lifestyles, air transportation has lately gained substantial momentum, fueling the need for commercial aircraft. In addition, in order to eliminate terrorist activities, which have been increasing rapidly since the last few decades, many countries have been deploying unmanned aerial vehicles and high-speed jets. Aided by changing military strategies and heavy investments in the defense sector, aerospace & defense fluid conveyance systems industry size is anticipated to witness a massive upsurge over 2018-2024.
U.S. Aerospace & Defense Fluid Conveyance Systems Market, By Fluid, 2017 & 2024, (USD Million)
Taking into account the primary need of fluid conveyance systems in aircraft production, leading aircraft manufacturers have been establishing partnerships with fuel system manufacturers. An instance of the aforementioned is GKN Aerospace’s contract signed with General Atomics Aeronautical Systems Inc., in 2017, for developing, designing, and manufacturing fuel conveyance systems. GKN Aerospace, through this development agreement, apparently looked forward to developing fuel systems for UAV (unmanned aerial vehicle) applications. The firm planned to manufacture fuel bladders through a vacuum forming process in conjunction with the latest polyurethane (PU) material that is durable and lightweight. Given that UAVs are prominently used in the defense sector for performing various surveillance and other military tasks, GKN is likely to strengthen its stance in aerospace & defense fluid conveyance systems market through this deal, in addition to encouraging its fellow adversaries to increase their investments in the development of military UAVs.
The surging deployment of aircraft for defense as well as commercial purposes has been creating lucrative opportunities not only for original equipment manufacturers but also for aftermarket product developers. In fact, in order to rake in maximum capital, aircraft companies are signing long-term deals with aftermarket product suppliers. The collaboration of airline companies with aftermarket product distributors is proving rather beneficial for this vertical, in terms of reduced maintenance cost and improved fleet reliability.
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Citing a recent instance justifying the aforementioned statement, in 2016, Emirates signed a 10-year aftermarket agreement with Unison Industries to upgrade the GE90 and GP7200 engine fleets. Emirates back then, could leverage Unison’s expertise in the areas of upgrades, exchange programs, and repairs with mutual goals of the highest quality support. The deal testified that requirement of the aftermarket is vitally important for maintaining fleet services. Indeed, as per estimates, aerospace & defense fluid conveyance systems market size from the aftermarket distribution channel is slated to register a CAGR of 3.5% over 2018-2024.
Elaborating further on the growth strategy scenario in aerospace & defense fluid conveyance systems market, it is noteworthy to mention in 2015, Parker Aerospace signed a long-term deal with Emirates to provide a maintenance package to its Airbus A330/A340 and Boeing 777 engines and aircraft. As per the agreement, Parker will establish its repair facilities and network outstations across the globe to support Emirates, which will emerge to be advantageous for regional companies and local support teams to generate a sufficient inventory pool for fleet maintenance. This in consequence would have a remunerative impact on the overall aerospace & defense fluid conveyance systems industry outlook over the years ahead.
The mutual cooperation between aircraft companies and product suppliers is likely to be one of the major driving forces of aerospace & defense fluid conveyance systems industry. The surging deployment of UAVs for performing military operations will also have a remarkable impact on product demand over the years ahead. Driven by the escalating demand for fleet components and the robust competitive hierarchy, aerospace & defense fluid conveyance systems market share will increase at a CAGR of 3% over 2018-2024.
Author Name : Sunil Hebbalkar
Ceramic-based aerospace insulation market to gain commendable remuneration over 2018-2024, R&D activities to strongly characterize the global industry landscape
In the recent years, global aerospace insulation market has been witnessing an exponential growth owing to the surging demand for light weight aircrafts equipped with lower thermal conductivity and enhanced safety. As per the recently published estimates of the International Air Transport Association (IATA), the worldwide demand for air travel incremented by 7.2 percent in October 2017 and the airline capacity increased by 6.2 per cent. To add to it, the foremost trade organization, representing some 275 airlines of the world, has predicted that the global airlines industry is set to garner a record profit in the year 2018, courtesy the recent upswing in developed economies and the burgeoning tourism sector, which would eventually contribute immensely to aerospace insulation market.
U.S. Aerospace Insulation Market, By Product, 2017 & 2024, (Tons)
Apparently, the rapid escalation in air passenger traffic has compelled the aerospace regulating authorities across various nations to prescribe stringent laws regarding the utilization of insulating materials by aircraft manufacturers to enhance the operational safety of the aircrafts. Consequentially, it goes without saying that the aforementioned factors are bound to impel the overall aerospace insulation industry over the forthcoming years.
Ceramics to emerge as a robust investment hub for aerospace insulation market contenders:
Concurrently, while contemplating upon the growth trajectory of aerospace insulation industry, which held a total remuneration in excess of 3 billion in the year 2017, it is rather imperative to cite the significance of insulating materials utilized in this business space. The insulating products utilized across various types of aircrafts include mineral wool, foamed plastics, fiber glass, and ceramic materials. Out of these, ceramics are anticipated to emerge as the most popularly used material, courtesy their high tensile strength, steep melting temperature, and impressive chemical inertness.
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According to estimates, ceramics are expected to account for more than 50% of the overall aerospace insulation market share by 2024. Elaborating further, this material has been witnessing remarkable research activities of late. With humongous resources being poured in the research and development of advanced ceramics, there’s no denying the impact ceramics would have on the aviation, space exploration, commercial, and defense sectors, which would further accentuate the growth prospects of global aerospace insulation industry. Following are a few instances that underline the prominence of ceramics in the overall aerospace insulation industry space:
- As per recent news reports, researchers from Harbin Institute of Technology, Lanzhou University and Purdue University in collaboration with the U.S. Air Force Research Laboratory, have cited the development of a new flame resistant, light weight, and ultra-elastic ceramic material which blends the nanolayers of aluminum oxide (a ceramic) with graphene. The latest ceramic, being called as “metamaterial”, is said to consist of an innovative honeycomb microstructure that equips the material to combine high tensile strength with enhanced thermal insulation and electrical conductivity, remnant of extensive applications that would impel the aerospace insulation industry share over the forthcoming years.
- Citing another instance, scientists of Tsinghua University, China and Brown University, Rhode Island have jointly developed a new ceramic material which is said to possess an exceptional capability to rebound back to its original form after compressing up to 50 percent. Furthermore, the latest ceramic can endure a high amount of temperature which makes it an ideal alternative to be utilized as a heat-resistant and flexible insulating material in aerospace insulation industry.
Speaking of the regional growth potential of aerospace insulation market size, Asia Pacific region is set to emerge as one of the most lucrative spaces owing to the rising demand for commercial aircrafts in countries like India, China, and Thailand. In addition, various governments of the region are strengthening R&D efforts by investing heavily in defense aviation sector. To cite an instance, the Indian government is estimated to invest approximately USD 35 billion in the upcoming few decades, as it attempts to fortify its military aviation might.
All in all, these global trends coupled with the exponential increase in the number of commercial aircrafts are certain to provide a slew of commercialization opportunities to the global aerospace insulation industry. According to a research report collated by Global Market Insights, Inc., aerospace insulation market is forecast to exceed USD 5 billion by 2024.
Author Name : Saif Ali Bepari
North America aerospace plastics market to accrue substantial returns by 2025
The revenue scale of aerospace plastics market is likely to expand in the forecast years, owing to the shifting preference towards the low weight aircrafts to enhance the performance and fuel efficiency of the jet. Surging development across the aviation industry along with high investment in the defense activities across the globe will also stimulate the aerospace plastics industry size. As per Global Market Insights, Inc., aerospace plastics market size is anticipated to surpass USD 75 million by 2025.
U.S. Aerospace Plastics Market, By Aircraft, 2018 & 2025, (USD Thousand)
Aerospace plastics are massively deployed in cabin interiors, airframes, windows & windshields, and propulsion systems, owing to their convenience and efficiency. Of these, window & windshields applications are rather commonplace. Indeed, the segment accounted for a substantial proportion of aerospace plastics market share in 2018, primarily on account of the extensive deployment of durable and chemical resistant plastic material, that helps to prevent glass layers in windows from shattering.
As far as windshields are considered, when manufactured with durable plastics, they offer reduced reflectivity and also help passengers regulate light as well as heat transmission flow to the aircraft interiors, which would majorly propel aerospace plastics market trends from windows and windshields.
A major factor that would augment aerospace plastics market outlook from windows and windshields applications is the increasing number of MRO activities, in tandem with the rising demand for the replacement of ageing aircraft components with enhanced plastic material. As major industry contenders strive to introduce lightweight, high-performance windows and windshields for aircrafts, aerospace plastics market share will depict a commendable rise over the forecast period.
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Speaking of the type of aircraft, it would be prudent to mention that military aircraft will depict considerable demand in aerospace plastics market in the forthcoming years. This is basically on account of the rising security concerns across the globe as well as the subsequently increasing defense expenditure.
The rising adoption rate of plastics in military aircraft can also be attributed to the fact that plastics offer effective insulation from radar. Driven by the demand for weight reduction in aircraft and the provision for zero conductivity, military aircraft based aerospace plastics market is likely to gain major impetus over 2019-2025.
Geographically, Asia Pacific will account for a substantial proportion of aerospace plastics market share in the years to come. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth. Europe aerospace plastics industry on the other hand, is also predicted to record a considerable growth rate over the coming timeframe, aided by France, Germany, and UK.
North America is expected to hold the highest share in aerospace plastics market, in terms of volume, by 2025. The reason for the same can primarily be credited to the presence of innumerable product manufacturers in the region, that have their focus set on producing highly fuel-efficient aircrafts. Not to mention, the region is controlled by a stringent regulatory landscape, which would also help augment the domestic share.
Rising fuel costs are also encouraging aircraft manufacturers to incorporate plastics in aircrafts. Of late, aircraft manufacturers have been producing customized plastic manufacturing processes in order to substantially enhance their profitability as well, which would further contribute to improving North America aerospace plastics market outlook.
The competitive spectrum of aerospace plastics market comprises companies like Mitsubishi Chemical Advanced Materials, Saint Gobain, Ensinger, SABIC, Drake Plastics Ltd., Victrex, and BASF SE. Often, industry contenders are found engaging in tried-and-tested growth tactics such as mergers & acquisitions in tandem with novel product launches in order to consolidate their stance in the industry and enhance their product portfolios as well.
Author Name : Sunil Hebbalkar
Global Market Insights Inc. 