A wide assortment of fasteners such as screws, rivets, nuts, pins, bolts is used in an aircraft, rockets, and missiles. They are extremely critical mechanical components of the aircraft and are required to function in the most extreme of situations. A single Boeing 747 Jet uses around 3 million fasteners. On an average, 2.4 million fasteners are used in Boeing 787 aircraft. More than 1/5th of those parts are structural bolts. The airlines are increasingly looking for aircraft with a minimum possible maintenance repair overhaul downtime, and the performance and the fasteners play an extremely vital role in the same.
The Commercial Aerospace Fasteners Technology is growing at a faster pace.The major reason for the growth in the technology of the commercial aerospace sector would be the boom in the aviation sector and demand for newer fleets in the Asia Pacific region. Unlike the North American and European region which are extremely well connected by air, most countries in the Asia-Pacific region have limited connectivity. Much of it has got to do with limited infrastructure and air traffic. But due to the rising disposable incomes in the region, air travel is becoming increasingly popular. Asia Pacific, as a result, controls the highest share in the orders for jets in the forecast period. The Asia Pacific region will also account for increased defense spending which will boost the fasteners market.With new entrants into the sector and increased demand for related products from the public, the segment is expected to grow considerably during the next 5 years and stand on the top being the leaders holding their success in the form of patentsWho can use the report?
Helps in mapping the big players in the broad spectrum of the technology
Helps in digging out white spaces that identify the technology gaps
Cognizant about the chronological developments in the technological field for the last 5 years
Finding alternative technical solutions to a problem
Helps in knowing the innovative focus of companies, industries, and countries
Determining the strengths and weaknesses of own or any particular company patent portfolios
Spotting the new competitors
Legal assessors and representatives
Filing trends either for the overall number of patents, or just for certain groupings in the last 5 years
Financial and fiscal assessors and representatives
Forms the base for the evaluation of patents within the context of the control of organizational resources and accounting