Engine

Advent of MRO services and AI set to propel power by the hour market size

Posted on

Technological advancements such as AI and AR/VR are expected to bolster power by the hour market share during the assessment period of 2019-2025. Dynamic growth witnessed in power by the hour market is mainly credited to unprecedented demand for passenger traffic and cargo movement from APAC countries, along with sublime aircraft deliveries across the globe.

Soaring demand for fuel-efficient aircraft engines is set to augur well for power by the hour market size expansion. Leading companies are increasingly focusing on offering long-term engine maintenance contracts to airlines. For instance, JetSMART inked a 12-year contract with Pratt and Whitney meant for the proper maintenance of GTF engines for the 85-firm order of AirbusA320neo aircraft family. The company is set to offer services under the EngineWise program that will offer a flexible maintenance option to the airline.

Power by the hour market size is expected to surpass US$ 30 bn by 2025, according to the latest research report by Global Market Insights, Inc.

With notable rise in the number of passengers for long-haul routes, government initiatives have witnessed a notable uptick. Further, facets such as development of megacities, burgeoning urbanization and soaring passenger traffic stemming from non-traditional market are anticipated to spur power by the hour market share.

Modification of existing aircraft fleet and robust demand for upgrades by leading airlines have been indispensable in the development of heavy maintenance. The advent of state-of-the-art aircraft engines and marked demand for lightweight components have further contributed to the growth of heavy maintenance.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/4404

Escalating demand for next-generation wide body aircraft by North American and European airlines is set to underpin power by the hour market outlook. For instance, AirAsia X bolstered its contract with AFI KLM E&M in June 2019 to propel the new A330neo aircraft.

Rising call for fuel-efficient wide body aircraft is slated to undergird power by the hour market share. In a bid to propel power by the hour market share, prominent companies are vying to offer more tailor-made and flexible maintenance program to aircraft operators.

The emergence of MRO services and IoT sensors has streamlined aircraft maintenance given the sensors keep an eye on aircraft systems and offer invaluable data. Further, AI has helped aircraft maintenance prophesize the system or component failure in advance and propel the operational efficiency of an aircraft, negating the chance for unscheduled maintenance.

Meanwhile, high manufacturing cost and dearth of trained MRO maintenance professional may mar the growth of power by the hour market. With soaring demand for on-time performance, airlines are heavily focusing to offer on-time services. Moreover, shortage of trained aircraft technicians is expected to derail the growth of power by the hour market. As such, leading companies are increasingly investing in on-time services and low-cost carriers (LCC) are inclined toward outsourcing MRO activities.

Prominent companies are focusing on novel technology, including wearables, MRO services and big data analytics to gain competitive advantage.  Some of the leading companies eyeing to expand power by the hour market size are AAR, Collins Aerospace, Rolls-Royce, Lufthansa Technik, among others.

Author Name : Sunil Jha

How U.S. will emerge as major revenue pocket for aerospace & defense C-class parts market over 2019-2025?

Posted on

Exponential growth of the commercial aircraft sector has been driving aerospace & defense C-class parts market. Passenger aircrafts orders have witnessed sharp gains owing to the rise in consumer spending on air travel complemented by the minimized air fares for shifting focus on middle class population.

Strong economic growth of the emerging nations led to improved standard of living, thereby expanding consumer base of the airline industry. Furthermore, the aerospace & defense industry adheres to stringent regulation concerning the safety of the aircraft operations, which requires timely maintenance and repair of the aircrafts. This would in turn, further strengthen aerospace and defense C-class parts market forecast owing to the increasing commercial air traffic.

How will the increasing military & defense expenditures stimulate overall aerospace and defense C-class parts market outlook?

Constant increase in defense budget attributed to the rise in geopolitical tensions has led to an arms battle among some of the major economies like Russia, United States, China, and India. A flagship aviation magazine, Aviation Week, predicts that in-service fleet aircrafts will increase significantly by the end of 2027. Reportedly there were 41,605 in service aircrafts in 2017 which are expected to grow by 1,230 by 2027. Moreover, there is demand for 834 aircrafts and helicopters by multiple defense forces around the globe.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/3079

How will the increased production rates of commercial aircrafts impel aircraft airframe market share?

Aircraft airframe segment held the largest share owing to the increased production rates of commercial aircrafts by major players like Boeing and Airbus. Improved business policies enforced by major airliners have led to minimized airfares attracting more air flyers. The expansion of the consumer base preferring air travel has also proved highly beneficial for the airline industry, thus creating more demands for new aircrafts.

Which region will prove to be promising revenue ground for aerospace and defense C-class parts  market?

North America accounted for more than 45% overall market share in 2018, owing to the presence of major aircraft and engine manufacturers including Boeing and Lockheed Martin. Ever expanding investment in the military and other defense activities will further propel the product demand over the years ahead. In fact, North America is anticipated to dominate the global aerospace & defense C-class parts market landscape over the forecast period.

Author NameAmol Kothekar

Intensifying military aircraft demand to augment aerospace and defense ducting market size over 2019-2025

Posted on

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)

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.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/3080

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 NameAnchal Solanki

Burgeoning demand for vehicle repair services in APAC to promote authorized car service center market expansion over 2019-2025

Posted on Updated on

Surging passenger vehicle demand and consistent regulatory efforts to facilitate progress in the auto industry will fuel authorized car service center market trends. Major investments by auto manufacturers to broaden their manufacturing scope are driving demand for car servicing facilities.

Global authorized car service center industry from the organized multi-brand service provider workshop segment is expected to grow at the fastest pace over the predicted timeline given the superior vehicle repair services for myriad auto brands offered by key industry players at economical price points.

Major multi-brand service companies such as Mahindra, Bosch, TVS Automobile Solutions and more are shifting focus towards expanding their service departments and offering lucrative servicing packages to car fleet operators.

Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2701

To cite an example, Bosch inaugurated their new CoCo Bosch car service outlet in Bengaluru, in January 2017, equipped with top of the line servicing equipment including tire changers, nitrogen tire inflators, headlight aligners and wheel aligners, all designed to cater to a vast array of vehicle brands.

According to estimates from authentic reports, the global authorized car service center market size is projected to surpass $300 billion by 2025.

Owing to the robust demand for car repairs associated with scratches and dents in the current scenario, the car body services application segment is set to take a leading position in the overall authorized car service center industry share.

The engine service sector, on the other hand, is anticipated to account for more than 12% of the overall industry share by 2025, as a result of strong resistance in high pressure and high temperature applications. Furthermore, turbochargers fitted on engines require adequate maintenance in order to ensure efficient engine performance by regulating and enhancing exhaust gas flow, which is likely to support segmental market growth.

Due to the need for periodic upkeep of such vehicles for proper functioning and compliance with strict regulatory standards, vehicles aged over 3 years are poised to hold a significant share of the overall authorized car service center market in 2025.

Routine and preventive servicing is paramount in older vehicles in order to maintain their resale value and prevent unexpected breakdowns. This is a key factor leading to higher demand for authorized OEMs as well as independent garages over the forecast spell.

Meanwhile, the evolution of next-generation automobiles with sophisticated mechanical and electrical systems is expected to contribute heavily to the growth of the organized OEM workshops segment.

Given the increasing vehicle sales in emerging nations like China, India and Australia, the APAC authorized car service center market is projected to show the highest growth rate over the estimated timeframe, accelerating demand for auto repair and servicing facilities. For example, as per the Australian Automotive Aftermarket Association’s (AAAA) 2017 data, the country recorded the highest car ownership levels in the region, with nearly 764 cars per 1,000 individuals. Another significant contributor to authorized car service center market expansion is the high traffic density and automobile congestion culminating in the degradation of car parts, leading to an increase in repair service demand.

The European government’s rigorous measures to enhance the fuel economy have also compelled car owners to invest in regular preventive vehicle maintenance services. Moreover, as a result of the growing vehicle population in countries including the Czech Republic, Poland, Romania, Hungary and Croatia, the Eastern Europe authorized car service center industry is also expected to witness prolific gains.

Author NameSatarupa De

Aerospace & defense fluid conveyance systems market to amass hefty returns via aftermarket sales, global industry share to exceed USD 22 billion by 2024

Posted on

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)
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.

Get a Sample Copy of this Reporthttps://www.gminsights.com/request-sample/detail/2518

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 NameSunil Hebbalkar

Ceramic-based aerospace insulation market to gain commendable remuneration over 2018-2024, R&D activities to strongly characterize the global industry landscape

Posted on Updated on

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)
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.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2084

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