Wide Body
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
Narrow body fixed wing aircraft seating market to register highest CAGR over 2019-2025
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)
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 Name : Paroma Bhattacharya
North America to lead aircraft window frame market over 2019-2025
Increasing production of aircrafts with durable and reliable window frames will increase aircraft window frame market share in the coming years. Regional governments are also considerably backing their air defense budgets to improve national security. Growing use of advanced materials in aircraft window frames and surging commercial fleets to be used for mobility services in the coming years will significantly supplement aircraft window frame market size.
U.S. Aircraft Window Frame Market, By Aircraft, 2018 & 2025, (Units)
Mobility as a Service (MaaS) is reshaping the world of transport in ways that were previously presumed insurmountable. After analyzing the success of mobility service on roads, companies are now planning to introduce air mobility services. Indeed, air mobility companies have been working toward launching commercial helicopters that may have the potential to revolutionize aviation applications – from air ambulances and emergency services to cargo delivery.
The innovation of such commercial aircrafts is just an inception that will further translate to the production of many such airplanes, expanding the air mobility service portfolio. Increasing production of commercial helicopters will directly influence aircraft window frame market size. Revolutionary, cutting-edge innovations by aircraft manufacturers are also likely to increase revenue share of aircraft window frame industry.
The expansion of aircraft window frame market will be influenced by the demand of airliners in the military. Lately, the U.S. Air Force was reported to conceptualize plans to buy 80 units of F-15X over the next five years. The deadly fighter jet is equipped with strengthened airframes for increased maneuverability and airframe life span of around 20,000 hours, giving the advanced fighter plane enhanced dogfighting capability.
In 2018, the U.S. defense budget was recorded at around $640 billion and is likely to register growth in upcoming years. The rising defense budget of the nation will also contribute to augment North America aircraft window frame market share, the growth of which will be driven by the presence of multiple aircraft manufacturers, suppliers and distributors in the region.
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The contribution of numerous industry players and concerns about national security will increase the demand for advanced and lightweight components which will influence North America aircraft window frame market outlook. As per estimates, North America will dominate aircraft window frame industry size over 2019-2025.
In the times to come, an increase in the defense budget will be observed not only in North America, but most of the developed and developing economies of the globe. This will lead to an upsurge in the demand for tested aircraft components in the armed forces that will propel aircraft window frame market size.
With the demand of reliable and innovative aircraft window frame material in military and commercial aircrafts, organizations are coming up with the use of several advanced constituents to be used in airplanes. The need of high strength and lightweight automotive window frame material with outstanding corrosion resistance is providing a push to the use of titanium sponge in aircrafts. Titanium also possesses good weldability, owing to which it is often used for airframes.
According to the International Titanium Association (ITA), the aerospace industry is expected to be the largest market for titanium mill products. Growth in the aerospace industry along with the higher use of carbon fiber composites, which are compatible with titanium, are likely to increase the remuneration share of global titanium sponge market, thereby indirectly supporting the growth of aircraft window frame industry share.
Speaking about the cost-effective innovations in aircraft window frame market, Boeing has been reportedly using a new approach to design 787-8 airplane which will have 30 percent lower airframe maintenance costs than any comparable product. The Boeing 787 makes better use of composite materials in its airframes and primary structures than any previous Boeing airliner. The use of the composite materials used for manufacturing aircraft window frames contributes considerably towards improving corrosion resistance, lowering overall weight, and enhancing durability.
Prominent aircraft window frame market players, such as ACE Advanced Composite Engineering GmbH, Otto Fuchs KG, LMI Aerospace, PPG Industries Inc., GKN Aerospace etc., are also using composite materials to enhance certain properties of aircraft window frames.
Aircraft window frame industry is likely to witness extensive growth with the support of government funding for military aircrafts, innovations and future air mobility. The demand of advanced aircraft window frame material to be used in airframes will also contribute to increase the growth of aircraft window frame market. According to a research report by Global Market Insights Inc., aircraft window frame industry share is estimated to exceed $180 million by the year 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
Aircraft evacuation market to be characterized by strict governmental safety protocols, escalating demand for ejection seats to impel the industry growth over 2019-2025
With augmented safety protocols in the aviation industry and rising technological advancements, aircraft evacuation market is expected to depict remarkable growth trends in the coming years. The aviation industry being highly vital to today’s economic growth, this business sphere is gaining immense traction to eliminate or minimize costly and tragic consequences. If reports are to be believed, the year 2018 recorded over deaths of more than 534 passengers due to commercial aircraft accidents. The death toll has been much worse the previous years.
U.S. Aircraft Evacuation Market, By Product, 2018 & 2025, (USD Million)
As per a report by the European Transport Safety Council, more than 90% of the commercial airplane accidents are technically survivable. Pertaining to same, stringent government regulations toward implementing advanced safety systems while emergency landing. A report by Global Market Insights, Inc., claims that the aircraft evacuation market is expected to become a billion-dollar business by 2025.
The report further claims that in terms of the product landscape, ejection seat is anticipated to witness remarkable investment trends over the coming years. Ejection seats are witnessing robust demand from the military and defense forces. Strict safety standards and inspection systems have provided a positive outlook for the product demand. An instance bearing testimony to the same is of the U.S. Air force’s contract with the leading aircraft evacuation industry players Martin Baker and United Technologies Aerospace Systems for the development and production of evacuation ejection seats.
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Moreover, the UK-based safety equipment and ejection seats manufacturer Martin Baker has also secured a new contract for delivering Mk18 ejection seat for its KAI’s (Korea Aerospace Industries) aircraft development program. The company will also be supplying escape systems for the KF-X, Republic of Korea Air Force’s new fighter.
It is prudent to mention that besides ejection seats, escape slides segment is also to set to propel the product landscape of aircraft evacuation market. Technological advancements in slide materials, operation techniques, and durability have significantly enhanced the product demand in the recent years. In order to cater to the rising demand of advanced evacuation systems, several airline & carrier companies are deploying or replacing old structures with new systems for enhanced safety features. With the rising demand for air carriers across the globe, OEMs are turning out as lucrative growth avenues depicting phenomenal commercialization trends for aircraft evacuation industry expansion. The segment growth is attributable to its ability to provide replacement, maintenance, and technical services for aircraft systems.
In 2016, an Estonia based aircraft maintenance company Magnetic MRO entered into a contract with Kazakhstan’s domestic flag carrier Air Astana to provide escape slide repair and overhaul requirements. The company added an escape slide evacuation workshop to its repair & maintenance services in 2014, as a part of a strategy to cater to the growing consumer base. The firm now boasts capabilities for Air Cruisers and Goodrich escape slides for Boeing aircraft types such as 757, 767,737 CL, and 717-200, as well as Airbus A320 Family aircraft. The OEM player also recently announced that it raised USD 9 million for acquiring one of its competitor and aims to expand rapidly in the competitive aircraft evacuation industry.
Taking into account the geographical landscape, Europe aircraft evacuation market accounted for significant share, given the robust expansion in the defense and commercial sectors of the regional aviation industry. Asia Pacific is also another lucrative region witnessing growing investment trends from aircraft evacuation industry players, given the increasing regional air travel rate. According to a report by IATA, APAC regions is witnessing an annual expansion rate of over 5.5% in passenger traffic, and is thus attracting investors to set up facilities and provide aircraft services.
The progressive growth of aircraft evacuation market is further set to witness advancement in systems such as introduction of RFID-based life vests. Additionally, with the rising penetration of top techs such as AI, blockchain, Internet of Things, and big data analysis, the global aircraft evacuation market is certain to traverse along a profitable growth graph in the ensuing years.
Author Name : Ojaswita Kutepatil
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. 