Global Commercial Aircraft Airframe Materials Market 2017-2021
About Commercial Aircraft Airframe Materials
Airframe is the mechanical structure of an aircraft, which includes fuselage, wings, empennage, and landing gear. In the aerospace industry, airframe design combines aerodynamics, manufacturing methods, and materials technology to strike a balance between cost, reliability, and performance. The airframe must be able to withstand aerodynamic forces and stresses developed due to the weight of the crew, fuel, and payload. There was a large-scale improvement in the airframe materials market during the 1930s as the wood and fabric used earlier in aircraft were replaced by lightweight and high-strength materials such as aluminum alloys, magnesium, titanium, and some stainless steel.
Technavio’s analysts forecast the global commercial aircraft airframe materials market to grow at a CAGR of 3.5% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial aircraft airframe materials market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Airframe Materials Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial aircraft airframe materials market: Aleris, Arconic, Constellium, Hexcel, Solvay, TORAY INDUSTRIES, and VSMPO (VSMPO-AVISMA).
Other Prominent Vendors in the market are: ATI, Harris (Exelis), HITCO Carbon Composites, KOBE STEEL, Koninklijke Ten Cate, TEIJIN, and Southwest Aluminium.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of 3D printing technology for aircraft airframe. With the growth of the aerospace industry, aerospace companies are looking for innovative ways and technologies to manage their costs efficiently along with meeting demands of the aviation market. One such technology is 3D printing or additive manufacturing.”
According to the report, one driver in the market is increasing orders for new-generation aircraft. With the increasing air traffic in countries like China, India, Indonesia, Russia, and the US, the requirement for modernizing aviation assets has gained considerable momentum. Technavio anticipates that the global air traffic will likely double in the next couple of decades. To facilitate such growth in the passenger traffic, the introduction of new generation aircraft has also become essential. Hence, both aircraft OEMs and their suppliers are enhancing their respective manufacturing facilities, so that they can ensure scheduled deliveries.
Further, the report states that one challenge in the market is high production and maintenance cost. Providing a structure that is safe and durable is a matter of vital importance because any failure in structural components can lead to catastrophic results. Modern and advanced technologies have enabled the development of large and efficient commercial aircraft, which have eventually transformed air transportation. These aircraft have several critical structures, including an engine, fuselage, empennage, and wings. The aircraft structure must be strong, corrosion resistant, and lightweight and must operate under high stress and fluctuating temperature conditions. Despite these constraints, the structures must retain their operational capabilities for the entire lifetime of the aircraft.
Aleris, Arconic, Constellium, Hexcel, Solvay, TORAY INDUSTRIES, VSMPO (VSMPO-AVISMA), ATI, Harris (Exelis), HITCO Carbon Composites, KOBE STEEL, Koninklijke Ten Cate, TEIJIN, and Southwest Aluminium.
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