Press release
Aerospace Fasteners Market to Reach $12.95 Billion by 2030, Growing at a CAGR of 8.1%
Aerospace Fasteners Market
The global aerospace fasteners market is set to soar to new heights, driven by advancements in aerospace technologies, increasing aircraft production, and growing demand for lightweight and efficient components. With a projected Compound Annual Growth Rate (CAGR) of 8.1% from 2024 to 2030, the market is expected to reach USD 12.95 billion by the end of the forecast period, up from USD 7.51 billion in 2023. This press release delves into the dynamic developments in the aerospace fasteners market across key regions, highlighting opportunities, trends, and consolidation activities.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/96972/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's aerospace industry is witnessing robust growth due to increasing investments in aviation infrastructure and maintenance, repair, and overhaul (MRO) facilities. Collaborations between local and international players, such as ๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ข๐ซ๐ฅ๐ข๐ง๐๐ฌ and ๐๐ข๐ซ๐๐ฎ๐ฌ, have amplified the demand for advanced fasteners tailored to meet safety and performance standards. The burgeoning low-cost carrier market further drives the need for lightweight fasteners.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand has emerged as a key hub for aerospace manufacturing in Southeast Asia. The establishment of partnerships between global aerospace giants like ๐๐จ๐ฅ๐ฅ๐ฌ-๐๐จ๐ฒ๐๐ and local manufacturers has bolstered the aerospace fasteners market. Government initiatives to promote the Eastern Economic Corridor (EEC) as an aerospace and aviation hub have further accelerated investments in high-performance fasteners to support aircraft assembly and maintenance.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's aerospace industry is characterized by technological innovations and precision manufacturing. Companies such as ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐๐๐ฏ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ and ๐๐๐ฐ๐๐ฌ๐๐ค๐ข ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ have been pivotal in driving demand for specialized aerospace fasteners that align with stringent quality standards. The country's focus on developing indigenous aircraft models, including the Mitsubishi SpaceJet, has further fueled market growth.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/96972/
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐
China continues to lead the aerospace fasteners market in Asia, supported by rapid expansion in domestic aircraft manufacturing and the growth of commercial aviation. The Commercial Aircraft Corporation of China (COMAC) has played a central role in enhancing local production capabilities. Recent mergers and acquisitions, such as the partnership between AVIC and Western Tool & Fastener, underscore the country's commitment to strengthening its supply chain for aerospace components.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's aerospace sector has seen significant advancements, driven by the rising demand for military and commercial aircraft. Leading companies like Korea Aerospace Industries (KAI) are investing in the development of high-strength and corrosion-resistant fasteners for defense applications. Collaborations with US-based firms have further streamlined the integration of advanced fastening technologies.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore has positioned itself as a global aviation hub, with a strong focus on MRO services. The presence of major players such as ST Engineering and partnerships with global OEMs have contributed to the demand for durable and high-quality aerospace fasteners. The country's emphasis on innovation and sustainability is driving the adoption of eco-friendly fastening solutions.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/96972/
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States dominates the aerospace fasteners market, driven by the presence of leading manufacturers such as Boeing, Lockheed Martin, and Honeywell Aerospace. Investments in next-generation aircraft programs, including urban air mobility (UAM) solutions, have created new opportunities for high-strength fasteners. The US market also benefits from a mature supply chain and continuous technological advancements.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe remains a critical market for aerospace fasteners, with prominent players such as Airbus and Safran leading the charge. The region has seen a surge in mergers and acquisitions aimed at enhancing production capabilities and innovation. For example, LISI Aerospace's acquisition of several smaller fastener firms has strengthened its market position. The growing demand for sustainable aviation solutions is also reshaping the fastener market in Europe.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Boeing announced significant investments in advanced fastening systems for its new aircraft models to enhance fuel efficiency and structural integrity.
Airbus entered a partnership with a leading fastener supplier to develop lightweight components for its A350 series.
ST Engineering launched a new line of corrosion-resistant aerospace fasteners designed to meet stringent safety regulations.
COMAC unveiled plans to localize the production of aerospace fasteners, reducing reliance on imports and strengthening China's supply chain.
Rolls-Royce partnered with a Thai aerospace firm to expand its manufacturing base for high-performance fasteners.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-aerospace-fasteners-market/96972/
๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐ ๐๐ฌ๐ญ๐๐ง๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ
Commercial Aircraft
Military Aircraft
General Aviation
๐๐ฒ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ
Fixed -Wing Aircraft
Rotary- Wing Aircraft
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Aluminum
Steel
Super alloys
Titanium
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Military Aviation
Commercial Aviation
Civil Aviation
๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐ ๐๐ฌ๐ญ๐๐ง๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1.3V Fasteners Company Inc.
2.Accumen Global Technologies
3.Advanced Logistics for Aerospace
4.Alcoa Fastening Systems & Rings
5.Allfast Fastening Systems
6.Avdel private limited
7.B&B Specialties, Inc.
8.Bufab Group
9.EADS
10.Arconic
11.Ho-Ho-Kus Inc.
12.B/E Aerospace
13.Stanley Engineered Fasteners (Emhart Teknologies LLC)
14.LISI Aerospace
15.National Aerospace Fasteners Corporation
16.Precision Castparts Corporation
17.TFI Aerospace Corporation
18.TPS Aviation Inc.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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