Aerospace Fasteners Market To Cross US $9 Billion at CAGR of 7.85% By 2021 | Worldwide Overview By 3V Fasteners, Alcoa, B&B Specialties, KLX, LISI Aerospace, STANLEY, NAFCO - Forecast 2023

Aerospace Fasteners Market Research Report 2018 published By Market Research Future, provides information on Global Aerospace Fasteners Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Application (Commercial Aerospace and Military), Aircraft Class (Commercial Aircraft & Military Aircraft), and Region (Americas (North and Latin), Europe, Asia Pacific, Middle East & Africa)- Forecast To 2023.

Key Findings

• In 2015, the Americas had the largest share of 45% in the market and is expected to lead with More than 45% market share by 2023

• APAC is likely to be the fastest growing market, due to the significant increase in the number of aircraft in the region

• Growing air traffic and aircraft utilization are the driving factors for aerospace fasteners market

• Alcoa, 3V Fasteners, LISI Aerospace, B&B Specialties are the major vendors of aerospace fasteners market

• By 2023, commercial aerospace is likely to have the market share of More than 62%

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Key Players

The global aerospace fasteners market is highly competitive, and vendors compete based on cost, product quality, reliability, and aftermarket service. To survive and succeed in such a competitive environment, it is important for vendors to provide cost-effective and high-quality aerospace fasteners with latest technology and materials.

Products used in the interior of an aircraft cabin are designed and manufactured based on the requirements of specific aircraft. Aircraft technicians find it challenging to implement changes to aircraft interiors as the technology they use will soon become obsolete. With the rapid advances in aircraft cabin interior technologies, the upgradation of the fasteners is necessary to comply with the airplane requirements, which require high investments and technical expertise.

For instance, Boeing 787 uses many loadable software airplane parts (LSAP). Traditionally, these were loaded via floppy disks. However, as floppy disks have become obsolete, airlines have to spend money on newer technologies for management for loading data. Upgrading to the latest technology requires capital and may cause delays in aircraft delivery, affecting the airlines' operations

Aloca and B&B Specialties are the two leading vendors in the market. Their focus is, primarily, on the implementation of lightweight materials, more electric technologies, and robust systems.

Other key players in this market are 3V Fasteners Company(U.S.), Aloca (U.S.), B&B Specialties(CA), KLX(U.S.), LISI (France), CDP Fastener Group(MA), National Aerospace Fasteners (Taiwan), Stanley Aerospace Fastening(USA), TFI Aerospace(Canada), Wesco Aircraft Holdings(U.S.).

Intended Audience

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

The aerospace industry use wide range of fasteners such as nuts, bolts, screws, rivets, pins and high locks during the making of aircraft and its parts. The factors driving the market growth are growing demand for aircraft, use of titanium fasteners, fleet utilization, and aircraft replacement has strengthen the line fit and retrofit aerospace fasteners market. Market Research Future predicts the market to grow at a CAGR of More than 7% during the forecast period 2018-2023.

Next generation aircraft like A320 family, B787, B777X, and A380 constitute approx. 2.4 million to 3 million fasteners in an aircraft. The combined backlog of Boeing and Airbus as of today has an order book of close to 12,000 aircraft, representing between eight and 10 years’ production. Majority of backlogs are for A320 family aircraft and B737Max. Thus, the demand for fasteners will significantly grow in the forecast period.

Access the market data and information presented through over 60 tables and figures spread 80+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global Aerospace Fasteners Market Research Report- Forecast to 2023"

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Regional Analysis

The Americas is home to a few of the world's most renowned commercial aircraft and business jet manufacturers, namely, Boeing, Bombardier, Gulfstream, and Embraer. Companies such as Boeing often engage in R&D projects with the manufacturers of aerospace fasteners. U.S., in particular, is making substantial investments in producing advanced fastening systems, which will be integrated across modern fighter jets and MEA such as Boeing 787.

North America extensively invests in the aerospace titanium fasteners, and generates a very high demand for these fastening systems. Although, Brazil and Canada make some investments in the development of these fastening systems, yet the market is primarily dominated by the U.S.

The mergers of major airlines in the U.S. (American Airlines with US Airways, United with Continental, Delta with Northwest, and Southwest with AirTran) have made the country’s airline industry the most profitable in the global aviation market. These airlines are investing in advanced technology and upgrading fasteners to enhance their flight safety and operations, which will have a positive impact on the market.

Similarly, Europe has been at the forefront of commercial aviation innovations, particularly with the recent nanotechnology-based innovations depicting the lightweight and energy-efficiency characteristics for metal-based components, which presents a number of opportunities for local manufacturers and stakeholders of aerospace fasteners. It develops advanced aerospace fasteners by unifying metallurgy with aeronautical excellence.

Study Objective of Aerospace Fasteners Market

• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Aerospace Fasteners Market

• Upcoming technologies, high growth geographies and countries were identified

• Regional and country specific demand and forecast for aerospace fasteners were studied
• Key segments covered in the report are: application, aircraft class, and region

• Under aircraft type, both commercial and military aircraft is taken into consideration

• In service fleets, current aircraft orders and future deliveries were taken into consideration while forecasting the market for commercial and military fasteners

• Average selling price for all different aircraft models and fasteners was finalized; same was referred for forecasting, keeping few assumptions into factor

• For all the regions: key companies, forecast demand for aircraft, passenger traffic and fasteners demand were identified and then with historical Figure, data collected through primary and annual reports were triangulated to derive the regional market size

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