Global Commercial Aircraft Airframe Materials Market was valued at US$ 3.79 Bn 2019 and is expected to reach US$ 7.83 Bn by 2027, at a CAGR of 9.5 % during a forecast period.
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Major driving factors of the Commercial Aircraft Airframe Materials are an increase in the aerospace engine manufacturing. Manufacturers are improving in aircraft safety and cabin comfort with their global solutions channel partners. A substantial investment in research, involving specialized personnel and facilities, is positive to the aerospace industry. Investment sources for these processes are deriving from government sources to finance on a pay-as-needed basis for civil and other national projects or from capital raised by equity financing. Reducing the weight of aircraft structures has always been a focus of research and creating opportunity in to the commercial aircraft airframe material. Rise in tourism industry across the globe have boosted the segment. High Maintenance cost and fluctuating fuel cost will act as restraint into the market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on the Material Type, Aluminium alloys segment is expected to hold the largest share in the market during the forecast period. Aluminium is the perfect material which have highest while manufacturing airplanes, due to its unique properties and characteristics. It’s strong, lightweight, predictable and inexpensive. Strong aluminium alloys take the extraordinary pressures and stresses involved in high altitude flying; wafer-thin aluminium panels keep the cold out and the air in. Aluminium is the primary aircraft material, comprising about 80% of an aircraft's unladen weight.
In Trends – Subsonic and Supersonic Aircraft.
Advanced air-breathing propulsion systems will enable a new generation of quiet, clean affordable and highly capable military and civil aircraft. Since the 1950s, aggressive gas turbine engine technology efforts have increased production engine performance by a factor of three and improved fuel efficiency by 70%. Further substantial improvements in the capability and cost of hydrocarbon-fuelled turbine engines are being actively pursued under the newly formed VAATE program.
In terms of region, Middle East Africa is expected to hold the largest share in the market during the forecast period for Commercial Aircraft Airframe Materials. Middle Eastern carriers registered a double-digit growth in international passenger traffic at the start of summer, outperforming all other regions in June, the International Air Transport Association (IATA) confirmed. Notwithstanding the massive drop in the oil revenues, the prominent governments across the Middle East have been investing heavily to transform the regional aviation industry. With 152 aviation-related projects worth over USD 100 billion planned and under construction across the region, the Middle Eastern airports aim to serve approximately 400 million passengers annually over the next 20 years of timespan. Investment in infrastructure and tourism offerings continues at pace across the Middle East, from major airport projects to new coastal resorts.
The Commercial Aircraft Airframe Materials report includes a study of Porter’s Five Forces model to analyse the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
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Global Commercial Aircraft Airframe Materials Market, By Material Type
- Aluminium alloys
- Titanium alloys
- Steel alloys
Global Commercial Aircraft Airframe Materials Market, By Application Types
- Commercial Aircraft
- Business General Aviation
Global Commercial Aircraft Airframe Materials Market, by Region
- North America
- Asia Pacific
- Middle East Africa
- South America
Key Players Operating in Global Commercial Aircraft Airframe Materials Market
- Toray Industries
- VSMPO (VSMPO-AVISMA)
- Harris (Exelis)
- HITCO Carbon Composites
- Kobe Steel
- Koninklijke Ten Cate
- Southwest Aluminium
Global Military Vetronics Market
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