The Market of Aerospace Pressure Bulkheads to grow beyond US$ 505.5 million by 2024

The new report of Stratview Research analyses the Aerospace Pressure Bulkheads market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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An overview: Market share of the pressure bulkheads in aerospace industry

The pressure bulkheads market for the aerospace industry is estimated to grow at an above industry growth rate over the next five years to reach an estimated value of US$ 505.5 million in 2024. The market is served by aircraft OEMs producing bulkheads in-house for some of their bulkheads as well as independent suppliers/tier players producing bulkheads for different aircraft OEMs.
Major aircraft OEMs, such as Airbus and Bombardier, are producing pressure bulkheads, generally front one, for some of their aircraft programs. Also, major tier players including Spirit AeroSystems and RUAG, are also present in the market, primarily producing rear pressure bulkheads. However, tier players also produce front pressure bulkheads.

Narrow-body aircraft: The growth engine

The market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large-Body Aircraft, Regional Aircraft, and Business Jet. Narrow-body aircraft is expected to remain the largest segment of the global aerospace pressure bulkheads market during the forecast period of 2019 to 2024, whereas wide-body aircraft is expected to experience the highest growth during the same period. Increasing commercial aircraft deliveries to support rising passenger and freight traffic, introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for pressure bulkheads in the segment.

Dominance of: Metal pressure bulkhead and Flat pressure bulkhead

Based on the material type, its segmented as Metal Pressure Bulkheads and Composite Pressure Bulkheads. Metal pressure bulkhead is projected to remain the most dominant segment of the market over the next five years as well. Metal pressure bulkheads, generally aluminum, have an excellent strength-to-weight ratio and are easy to repair as compared to composite ones. Low cost is another key countable factor for its preference over composite pressure bulkheads.

Based on the shape type, the market is segmented as Flat-shaped Bulkheads and Curved-Shaped bulkheads. Flat pressure bulkhead is projected to remain the most dominant segment of the market over the next five years. Pressure bulkhead structure is highly dependent upon the structure of an aircraft. Rear pressure bulkheads are generally curved, whereas the front ones are flat; however, Boeing, in its major program B737, has replaced curved pressure bulkhead to flat one in the rear location in order to increase more cabin space and add more seats.

A highly/moderately/fragment consolidated Market
The key pressure bulkhead manufacturers are Airbus Group, Bombardier Inc., Spirit AeroSystems GmbH, RUAG Holding AG, Premium AEROTEC GmbH, Kawasaki Heavy Industries, Ltd., and Aernnova Aerospace S.A. Development of lightweight pressure bulkhead, collaboration with OEMs, and formation of long-term contracts are the key strategies adopted by the major players to gain a competitive edge in the market.

Regional Hegemony of North America

In terms of region, North America is projected to remain the largest market during the forecast period as the region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized aircraft OEMs and tier players. The USA would remain the growth engine of the North American market. North America is the hub of the major pressure bulkhead manufacturers, such as Triumph Group, Inc., Bombardier Inc., and Spirit AeroSystems GmbH.

Comprehensive Market Coverage

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This release was published on openPR.