Global aero structure equipment market 2017-2021
About Aero Structure Equipment
An aero structure is a component of an aircraft's airframe. This may include all or part of the fuselage, wings, or flight control surfaces. Companies that specialize in constructing these components are referred to as aero structures manufacturers, though many larger aerospace firms with a more diversified product portfolio also build aero structures. Nanotechnology has propelled the development of lightweight materials, which can be embedded in aluminum alloys and used in aircraft wing components.
Technavio’s analysts forecast the global aero structure equipment market to grow at a CAGR of 8.44% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aero structure equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated in the overall market from the procurement of automated production systems (fastening systems and composite systems).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aero Structure Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global aero structure equipment market: KUKA Systems, Electroimpact, Broetje-Automation, Gemcor (Ascent Aerospace), and MTorres Diseños Industriales.
Other Prominent Vendors in the market are: SENER, and REEL.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is evolution of 3D printing methodologies. Over the last few years, 3D printing has emerged as an economically viable alternative for the production of aircraft parts and components compared with the conventional manufacturing process. The advances in engineering technologies and material selection processes have significantly supported the adoption of additive manufacturing process within the aerospace industry.”
According to the report, one driver in the market is implementation of composite materials. The aircraft design must consider multiple factors such as comfort, safety, efficiency, and reliability. However, the importance of each of these parameters mainly depends on the aircraft type, which can vary from commercial to military aircraft. To maintain these factors, a wide range of materials, such as composites, are used while designing an aircraft. Composite materials meet specific requirements, which influences the entire aerostructure manufacturing value chain.
Further, the report states that one challenge in the market is technology gap between additive and subtractive manufacturing. Owing to the growing demand for additive manufacturing technologies, 3D-printed joints are expected to be used more and more throughout the aerospace domain, gradually replacing the subtractive manufacturing methodologies. However, this will not replace traditional components entirely. Instead, it will perform like a high-performance tool with numerous capabilities that improve the conventional methodologies.
KUKA Systems, Electroimpact, Broetje-Automation, Gemcor (Ascent Aerospace), MTorres Diseños Industriales, SENER and REEL
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