What are Factors Contributing to Boom of Aerospace Titanium Blisk Market in Asia-Pacific? Key Players are PM Group, GE Aviation, GKN plc, EDAC Technologies, Rolls Royce Holdings plc, DMG MORI, Okuma Corporation

Owing to the numerous advantages offered by titanium-based blisks, such as low weight and high strength, they are witnessing a rising demand from the aerospace sector. These components offer as much as a 50% reduction in weight, as compared to nickel- and steel-based super alloys. Moreover, titanium has a much higher strength-to-weight ratio compared to aluminum and steel, with a density of 4.5 g/cm3. The increasing demand for higher fuel efficiency is pushing the need for a high bypass ratio, which is, in turn, fuelling the adoption of low-weight blisks.

Aerospace Titanium Blisk Market Key Players are:
1- PM Group
2- GE Aviation
3- GKN plc
4- EDAC Technologies
5- Rolls Royce Holdings plc
6- DMG MORI
7- Okuma Corporation

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Driven by the above-mentioned factors, the revenue generated from the sales of aerospace titanium blisks increased from $3,988.3 million to $4,945.4 million, from 2017 to 2023. The global aerospace titanium blisk market is predicted to progress at a CAGR of 3.7% during the forecast period (2018-2023). Titanium blisks are used in commercial, general aviation, military and various other aerospace applications, such as in model and experimental aircraft. Amongst these, commercial aircraft recorded the highest usage of these components in 2017, owing to the rising demand for cargo and passenger air transport across the world.

Geographically, North America recorded the highest utilization of aerospace titanium blisks in 2017. This is mainly ascribed to the huge demand for business air transport fleets in the region. The total business aircraft fleet size in North America was reported to be 24,297 units in 2017. The Asia-Pacific (APAC) region is expected to register the highest rise in the adoption of aerospace titanium blisks during the forecast period, due to several factors, such as the increasing fleet size of the air forces of China and India, soaring air passenger traffic, and mushrooming demand for cargo.

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Market Segmentation by Application
o Military
o Commercial
o General Aviation
o Others (experimental and model aircraft)
Market Segmentation by Diameter
o Less than 70 cm
o 70 cm - 80 cm
o 80 cm - 90 cm

This study covers:
o Market restraints and their impact during the short, medium, and long terms
o Recent trends and evolving opportunities for the market participants
o Historical and the present size of the market segments and understand their comparative future potential
o Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
o Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

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