Regional Jets

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

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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.

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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 NameAnchal Solanki

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Narrow body fixed wing aircraft seating market to register highest CAGR over 2019-2025

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Global aircraft seating market size has witnessed considerable expansion in the recent decades on account of increased air travel, innovation in seating design and ambitious expansion goals of airlines. Airlines have also been increasing the demand for aircrafts where seats are narrower and closer together so that more passengers can be accommodated on each flight.

Recently, a lawsuit was raised against the Federal Aviation Administration about the closeness of seats and the risk this poses to passenger safety in case of an emergency evacuation. But the agency found that evacuation risk is caused by the width of the exit rather than closeness of seats and therefore no regulations have been imposed on the tightening width or proximity of seats on airplanes. Airlines have registered record levels of profitability in recent years due to more seats per plane and also due to greater percentage of seats being occupied, which has substantially raised aircraft seating market share.

U.S. Aircraft Seating Market, By Class, 2018 & 2025, (USD Million)
U.S. Aircraft Seating Market, By Class, 2018 & 2025, (USD Million)

As air travel becomes more affordable and convenient, with a burgeoning number of travelers choosing to fly instead of availing other modes of transportation, commercial airlines are seeking ways to increase their revenue. Services which were previously included with the air fare are therefore now being charged separately and aircraft seating capacity is being increased to accommodate more passengers per flight.

The global aircraft seating market trends is highly influenced by the rising passenger traffic and aircraft seating manufacturers are coming up with new designs that will have a substantial impact on the industry revenue. For instance, the Italian aircraft seat manufacturer Aviointeriors recently designed and demonstrated its saddle seats named SkyRider 2.0 with high backs and narrow seats. The seats are so designed to help increase airline seat numbers and achieve ultra-high density.

The new types of airline seats offer many benefits to airlines. Not only do they increase profits for airline companies by 20% but they are made to be 50% lighter than standard economy class seats thus enabling minimization of maintenance costs. The seats are being designed for short haul flights so as not to be too inconvenient to passengers who are becoming increasingly apprehensive with the trend of narrow seats and less leg room. However, the aircraft seating industry is also catering to the increased demand for luxury with a lie-flat seat.

Lie-flat seats had been available in premium cabins of many long-haul flights and on some Airbus A330 aircrafts. Airbus and French aircraft seat manufacturer Zodiac Aerospace have taken that idea further and are trying to introduce lie-flat berths in the A330 cargo compartment. Airbus and Zodiac are partnering to develop lower-deck modules that will be equipped with passenger sleeping berths fitted inside the aircraft’s cargo compartments. The modules will be beneficial to passengers on long haul flights such as from U.S. and Europe to Australian destinations.

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Of late, the demand for narrow body fixed wing segment has been depicting a commendable rise. This can be attributed to the rising requirement of low-cost air carriers worldwide. Not to mention, the excellent fuel economy in tandem with higher operational efficiency alongside robust enhancements in high wing load capacities will further impel narrow body fixed wing aircraft seating market share. As per estimates, narrow body fixed wing aircraft seating market size will depict the witness highest CAGR over the forecast timeline.

Aircraft seat manufacturers are aiming to design more seats that combine comfort with light weight so that not only the airlines, but the passengers are benefitted as well. For instance, at a recent Aircraft Interiors Expo, Recaro, the aircraft seat manufacturing giant presented new seat designs for economy class as well as concept seats for business class that amalgamate comfort with light weight. The seats are deigned to improve sleeping comfort on board and come up with features to improve body posture, reduce pressure points and allow changing of sleeping positions.

Increased drive for innovation in the aircraft industry will strengthen the case for revolutionizing seats in aircrafts in the years to come. As per estimates, aircraft seating industry size is anticipated to cross USD 18 billion by 2025.

Author NameParoma Bhattacharya

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

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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)
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 NameParoma Bhattacharya

North America aircraft thrust reverser market to attain commendable proceeds over 2017-2024, technologically advanced product designs to impel the regional industry

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As the frequency of air travel has been increasing in the recent years, aircraft thrust reverser market has gained robust traction in the transportation space. That to say, despite rising fares and climbing fuel costs, air travel has now become a conceivable mode of transportation. Not to mention, with rising disposable incomes and changing consumer lifestyles, an increasing percentage of people choose to spend vacations at exotic locations, further stimulating the aviation industry trends. In consequence, this has had a commendable impact on the commercialization scale of aircraft thrust reverser market, as these products are critically important components in an aircraft for ensuring efficient deceleration and landing. Since technology plays a major role in improving the design and manufacturing style of these components, aircraft manufacturers have been collaborating with leading players of aircraft thrust reverser industry in order to manufacture highly efficient and advanced reversers. In a recent instance, one of the leading aircraft thrust reverser market firms, Spirit AeroSystems celebrated its delivery of 10,000 fuselage, which includes thrust reversers, to Boeing 737.

U.S. Aircraft Thrust Reverser Market, By Product, 2016 & 2024, (Units)
U.S. Aircraft Thrust Reverser Market, By Product, 2016 & 2024, (Units)

The last couple of decades have witnessed a major evolution in aircraft designs. Modern aircrafts are noted to encompass greater takeoff gross weight and require more runway length for takeoff and landing. To cope with ever increasing airport flow and emergency situations, an increase in demand for reliable deceleration systems has been observed, propelling aircraft thrust reverser market growth. It is also prudent to mention that thrust reverser designs significantly influence engine nacelle weight and wing performance. As these parameters decide the overall operation efficiency and maintenance cost of the overall aircraft, efficient reverser designs contribute a great deal toward aircraft thrust reverser market.

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The material used for the construction of thrust reversers is as important as the design and working mechanism. Research suggests that the weight of thrust reversers account for 30% of the whole nacelle weight. Air leakage and pressure loss caused by thrust reversers can also lead to 1% increase in the flight’s fuel consumption. The chief advantage of using thrust reversers for speed deceleration is that they are not affected by wet weather or icy runways. They can act to enhance aircraft safety in a wide range of conditions. Therefore, efforts are being made by industry players to design and manufacture thrust reversers with lighter materials – especially composites. Another vital factor that may influence this business sphere is airports attempting to restrict noise levels. As manufacturers innovate methods to improve acoustic protection during takeoff and landing by reinforcing the structure and using novel materials, aircraft thrust reverser industry is likely to witness considerable expansion.

Subject to the fact that the region houses numerous industry biggies, North America is projected to account for a prominent share of the overall aircraft thrust reverser market. The presence of a large passenger base and a developed airlines industry has also contributed to the growth of aircraft thrust reverser industry in the region. Europe aircraft thrust reverser market on the other hand, will be driven by countries like Germany, France, Italy, and Russia, where stringent government regulations have been laid across to produce more fuel-efficient aircrafts.

With globally acclaimed regulatory bodies emphasizing on the importance of aviation safety, aircraft thrust reverser industry stands to witness a rising growth potential over 2017-2024. Speaking of safety in fact, it has been observed that runway excursions are one of the most common type of aviation accidents. According to the US National Business Aviation Association, nearly one third of all business aviation accidents are caused by aircrafts overrunning the runway or veering off during takeoff or landing. Efficient thrust reversers can go a long way in mitigating such accidents. Indeed, the rising demand for these products to minimize the occurrence of such mishaps is likely to propel aircraft thrust reverser market size to quite an extent. As per estimates, aircraft thrust reverser industry size is forecast to cross $2.2 billion by 2024.

Author Name : Paroma Bhattacharya