Global Aerospace Fasteners Market 2017-2021
About Aerospace Fasteners
Aerospace fasteners have evolved over the years with the constantly changing aerospace industry. These components are widely used in commercial and military aircraft, ballistic missiles, rockets, and associated aftermarket services. The aerospace industry employs a wide range of fasteners such as bolts, nuts, screws, rivets, and pins.
Technavio’s analysts forecast the global aerospace fasteners market to grow at a CAGR of 6.86% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aerospace fasteners market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of medical devices required for thoracic surgeries.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aerospace Fasteners Market 2017-2021
Technavio recognizes the following companies as the key players in the global aerospace fasteners market: 3V Fasteners, Alcoa, B&B Specialties, KLX, and LISI Aerospace.
Other Prominent Vendors in the market are: CDP Fastener, National Aerospace Fasteners, Stanley Aerospace Fastening, TFI Aerospace, and Wesco Aircraft Holdings.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advent of 3D printing. 3D printing (additive manufacturing) is an emerging and evolving technology that can print electronics layer-by-layer directly onto 3D surfaces. It surpasses the conventional methods such as computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing in terms of cost, reduction in size and weight, and faster design.”
According to the report, one of the major drivers for this market is growing usage of titanium fasteners. Both civilian aircraft programs (comprising Boeing 787, Bombardier's new C-Series airliners, and Airbus A350) and military programs (comprising aircraft such as Lockheed's new F-35 Lightning II fighter jet) are preferring titanium aerospace parts. This preference is due to the lightweight property of these parts and their compatibility with carbon fiber-reinforced composite structures, which drives their demand in the market.
Further, the report states that one of the major factors hindering the growth of this market is issues concerning aircraft design. Aerospace fasteners connect and keep several parts of an aircraft together. They are subjected to high levels of load and stress. These fasteners need to be lightweight and must have a high strength-to-weight ratio. For this reason, manufacturers prefer titanium fasteners. However, titanium cannot be used near engines where temperatures reach up to 1,100°F and above.
3V Fasteners, Alcoa, B&B Specialties, KLX, LISI Aerospace, CDP Fastener, National Aerospace Fasteners, Stanley Aerospace Fastening, TFI Aerospace, and Wesco Aircraft Holdings.
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