Military Aircraft

North America aerial refueling system market to witness remarkable proceeds over 2017-2024, region to procure over 50% of the global share

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E-2D Advanced Hawkeye’s successful completion of an aerial refueling test is the latest scoop grabbing most of the headlines in aerial refueling system marketplace. Reportedly, the three-hour test flight was being conducted by Air Test and Evaluation Squadron Two Zero in association with U.S. Navy’s 418th Flight Test Squadron from California based Edwards Air Force Base. In a bid to make this venture fruitful, the aerial refueling system equipped with E-2D, received 2,000 pounds of fuel from U.S. Navy’s KC-130 Hercules during its test flight at NAS (Naval Air Station) Patuxent River. Sources familiar with the matter stated that the effective testing undoubtedly reaffirms the on-time delivery of this breakthrough technology in aerial refueling system market. For the record, as of now, the production is scheduled for 2018, with operation slated to commence from 2020.

U.S. Aerial Refueling System Market, By System, 2016 & 2024, (Units)
U.S. Aerial Refueling System Market, By System, 2016 & 2024, (Units)

It is rather claimed that U.S. Navy’s fleet carrier force has no equivalent across the globe, the fundamental aspect that has aided aerial refueling system market progression in the country. Increasing prevalence of a multitude of variants of these systems such as C-160 NG, KC-130, and KC-135 along with substantial aircraft deliveries is likely to significantly contribute toward the regional industry growth.  In fact, with U.S. the helm, North America aerial refueling system industry is forecast to procure nearly 50% of the global share by 2024. The country is also home for a host of renowned companies operating in aerial refueling system market including the likes of Boeing and Lockheed Martin. It has been observed that these giants have been heavily inclining toward strategic alliance with regional air force department to gain a visibility and competitive edge. This is quite coherent from the increased aerial refueling system industry share from military aircraft application, which is slated to surpass USD 2.4 million by 2024.

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In this regard, couple of years back, Boeing won a contract to develop a new tanker, under which U.S Air Force department planned to buy 179 KC-46s. Reportedly, as a part of the contract worth of USD 44.5 billion, Boeing was responsible for costs beyond U.S. Navy’s commitment USD 4.82 billion.  For the records, as of yesteryear, the renowned defense contractor had taken on nearly USD 2.9 billion in pretax costs. Despite the significant lingering problems that KC-46 program contract has been dealing with over the past years, it is expected to get resolved by this year, as the aerial refueling system market giant is now obligated to deliver 18 of the new tankers to the Air Force Department by October 2018. The regional business space is likely to observe similar kind of joint venture approaches from private and government entities.

Some of the other leading names observing a strong contendership in aerial refueling system industry include GE Aviation System, Eaton Corporation, Zodiac Aerospace, Dassault Aviation, and Marshal Aerospace and Defense Group. Amidst the dynamically charged share battle, product innovations via M&A activities is one of the strongest parameters defining the sustainability quotient for the market players. For instance, recently Icon Aerospace Technology signed a multi-year contract with Cobham Mission Systems in a bid to offer its flagship in-flight refuelling hoses based at its Retford site.  Reportedly, this long-term deal comes on the heels of supporting Cobham’s Air-to-Air Refuelling systems with Icon hose products that are already installed on renowned aircrafts like Airbus A330 MRTT and Boeing KC-46. All in all, with robust product developments by the business stakeholders and increasing defense budgets across various countries, the revenue graph of aerial refueling system market is likely to witness a remarkable momentum over the forthcoming years.

Author Name : Satarupa De

Aircraft communication system market to procure hefty proceeds from commercial aircraft sales, technological advancements in product development to pave the path for industry growth

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The commendable expansion of the aviation space can be aptly credited for the significant proceeds that aircraft communication system market has been accumulating in the recent years. According to a study conducted by IATA, the average global citizen now undertakes air travel once every 21 months – a significant increase from the 43-month duration in 2000. Not to mention, military expenditure has also observed a rise lately, with governments setting aside a major portion of the national budget for the defense sector. Driven by surging military spending and the rising number of defense aircraft, aircraft communication system market will inevitably propel over the coming years. In order to remain aligned with the exponential demands of the current consumer base, innovative products are also being introduced in aircraft communication system market.

China Aircraft Communication System Market, By Component, 2018 & 2025, (USD Million)
China Aircraft Communication System Market, By Component, 2018 & 2025, (USD Million)

With air travel becoming more affordable, a new generation of jetsetters have come into being, leading to increased air traffic. In consequence, pilots are under tremendous greater pressure to navigate in the congested air space. As the demand for real-time satellite access and air traffic data to undertake rapid decisions increases, aircraft communication system market is likely to receive commendable momentum. For instance, the EU has adopted the SANDRA project that integrates different plane communication systems in a single system. This unit facilitates faster data connectivity and replaces banks of radio hardware with state-of-the-art software systems. Thus, data like weather conditions and air traffic situation that used to be verbally communicated earlier, can now be accessed by pilots in real time through flight computers.

A single system based on IP technology, SANDRA is capable of transmitting data through multiple data links. It can also transmit data to the ground via digital and high-speed satellite, providing communication to the aircrafts in a seamless manner. Indeed, the system has increased aircraft safety owing to the reliable and quick communication between the aircraft and control tower. In consequence, this seems to have encouraged aircraft communication system industry players to advance their capabilities and bring about highly innovative products.

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Speaking of which, SATCOM, one of the pivotal products in aircraft communication system market, has proved itself to be rather crucial in air traffic management. Its increased deployment in military aircrafts is likely to upscale its demand, thereby stimulating aircraft communication system market size from SATCOM.

One of chief drivers for the aircraft communication system market is the exponential growth of the commercial aircraft industry. Considering an instance of Airbus, one of the pioneers of the aerospace industry, the firm has set its goal of tripling its revenues within the next seven years to enable its commercial aircraft business reach $10 billion. It also plans to target measures worth $555 million in 2018 to improve productivity. Furthermore, in the year 2018, Airbus commercial aircraft deliveries rose to 800 – an 11% surge compared to 2017.

Powered by substantially large investments in place, in conjunction with the escalating adoption of low-cost carriers and enhanced regional connectivity, global aircraft communication system industry is likely to accrue massive ROI from the commercial air carrier segment.

With cutting edge innovations being brought forth rapidly in aircraft communication system market, it is rather overt that this business space would thrive commendably in the ensuing years. NASA has recently developed The Aircraft Access to System Wide Information Management that is capable of replacing the underground cables airport communication system with wireless communication. This is one of the instances of high-grade technological advancements prevalent in aircraft communication system industry. As per reliable estimates, aircraft communication system market size is anticipated to cross USD 2.9 billion by 2025.

Author Name : Paroma Bhattacharya

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

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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.

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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

Aerospace maintenance chemical market valuation to surpass USD 8.8 billion by 2024, commercial flights to emerge as one of most lucrative revenue contributors

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The robust expansion across global aviation sector can be aptly credited for the growth of aerospace maintenance chemical market. Given the extensive requirement of rigorous maintenance in commercial, military, and business aircrafts, companies have been going the whole hog to brainstorm unique chemicals that would ease the aircraft maintenance process. As the aviation sector witnesses extensive growth and the demand for maintenance, repair and overhauling of aircrafts increases with the rising volume of airline traffic, aerospace maintenance chemical industry outlook is likely to observe a dynamic transformation in the years ahead.

U.S. Aerospace Maintenance Chemicals Market, By Aircraft, 2016 & 2024, (USD Million)
 U.S. Aerospace Maintenance Chemicals Market, By Aircraft, 2016 & 2024, (USD Million)

As per estimates, aerospace maintenance chemical market size stood at a modest USD 7 billion in 2017. However, increased global connectivity through airlines has raised the frequency of air travel – a trend has provided an impetus to the travel and tourism sector. Thus, with the growth of the aerospace domain, aircraft maintenance has emerged as a niche vertical, essentially propelling aerospace maintenance chemicals market.

This business space encompasses numerous products along the likes of aircraft leather cleaners, specialty solvents, aircraft cleaning chemicals, degreasers, aviation paint strippers, etc. Aircraft cleaning chemicals among these is estimated to be a major contributor toward aerospace maintenance chemical market share, given their massive demand for thoroughly disinfecting and cleaning aircrafts. Aircraft cleaning service providers are required to deal with problems like limited service time due to enhanced flight frequencies, strictly abiding by ground time schedules and errant weather conditions. In consequence, these cleaning service providers prefer aerospace maintenance chemicals that are highly efficient and can perform better in lesser amount of time, which would undeniably propel aerospace maintenance chemicals industry outlook.

Aviation paint removers also have a considerable role to play in the growth of the aerospace maintenance chemical market. It is prudent to mention that aircraft paint is removed and repainted every 5 to 6 years for elongating the shelf life of aircrafts as well as to make them more appealing. Indeed, this is certain to massively propel aerospace maintenance chemical industry size from aviation paint removers, slated to register a 3.7% CAGR over 2018-2024. The advancement of laser coating remover technology, in which an essentially gigantic robot is used to remove paint from aircrafts, will also contribute substantially to the progress of the aerospace maintenance chemicals industry.

Theoretically, aerospace maintenance chemicals can either be organic or inorganic in nature. The former is slated to account for 60% of the overall aerospace maintenance chemical market share by 2024, given that they are rather labor friendly and suitably viscous in nature. However, price competitiveness of inorganic aerospace maintenance chemical along with their easy product compatibility and availability as per customization will also make consumers lean toward these products propelling inorganic aerospace maintenance chemical industry outlook.

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The more an aircraft is used, the more maintenance it requires. Commercial flights, the most commonly deployed flights, would thus demand the maximum utilization of maintenance products, thereby, directly stimulating the growth of the aerospace maintenance chemical market. Statistics in fact, claim that commercial flights account for 45% of the overall aerospace maintenance chemicals market share and would grow rapidly over 2018-2024. This growth can be credited to the fact that these flights make the highest number of trips and are faced with not only the largest amount of wear and tear but also necessitate robust interior cleaning and maintenance, degreasing, paint removal and application.

Commercial aviation is also one of those industries that has been depicting an irregular demand-supply graph. Commercial aircraft manufacturers such as Boeing and Airbus have also been working to enhance their manufacturing capacity, fueling the need for highly efficient commercial planes. Boeing in fact, recently in 2018, planned to increase the production of Boeing-747 by 52 aircrafts per month to cover up for the recorded backlog of 4,656 aircrafts.

The vast expanse of the aerospace industry in North America, especially in the U.S. and the formidable fleet of aircrafts that the U.S. military and defense sector encompasses, will provide a major push to North America aerospace maintenance chemical market. In fact, as per estimates, North America industry size stood at USD 2 billion in 2017, and is expected to register a CAGR of 2.5% over 2018-2024.

Reduced air travel costs, better air connectivity, greater affordability among the populace of the emerging economies and the rising popularity of the tourism sector have been the driving forces behind the growth of aerospace maintenance chemical industry in the last few decades. With greater demand for air travel, stringent governmental regulations have been placed on the importance of aircraft maintenance. For instance, the Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) are now making extensive modifications in maintenance procedures. Driven by government-led initiatives and increasing air travel popularity, the revenue graph of aerospace maintenance chemical market would traverse a highly profitable growth path over 2018-2024.

 

Author Name : Paroma Bhattacharya

North America aerospace plastics market to accrue substantial returns by 2025

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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)

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 NameSunil Hebbalkar