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Aircraft Specialty Fasteners Market is Forecast to Reach US$ 1.1 Billion in 2028, Says Stratview Research
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The aircraft specialty fasteners market is segmented based on aircraft type, product type, application type, material type, end-user type, and region.
- The aircraft specialty fasteners market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Both major commercial aircraft OEMs: Boeing and Airbus, are increasing the production rates of their best-selling aircraft to meet a huge pile of order backlogs. Also, COMAC and Irkut are entering the commercial aircraft industry with their C919 and MC-21 aircraft programs, returning in the service of B737Max, and rising aircraft fleet size. All these factors will likely create a sustainable demand for specialty fasteners for the commercial aircraft segment in the foreseeable future.
The market is segmented into blind rivets, blind bolts, solid rivets, studs and inserts, panel fasteners, and others. , propelled by its installation efficiency and ergonomic benefits over traditional fasteners. . Blind Bolt, another member of the blind fastener family, is subjected to growth at an impressive rate for the same period.
- The market is segmented into the airframe, flight control surfaces, interior, engine, and others. The airframe is the largest structure in the aircraft, where specialty fasteners are used in a wide array of applications, including wings and fuselage, leading to its dominance in the market.
The market is segmented into titanium, aluminum, steel, and others. In the aircraft industry, there has been an incessant replacement of steel and other heavy metal-based fasteners with titanium fasteners, owing to their excellent performance at a relatively low weight. Also, titanium fasteners are highly compatible with composite parts, which are increasingly used in next-generation aircraft, including the B787, A350XWB, and B777x.
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The report suggests that . This growth is majorly attributed to the following –
Likewise, with China , Japan , and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India is compelling aircraft manufacturers and tier players to open their manufacturing plants in the region.
Some of the key drivers listed in the report are given below.
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The market is highly concentrated, with the presence of some regional and global players. Development of lightweight and durable specialty fasteners, forming strategic alliances with aircraft OEMs, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. The following are the key players in the aircraft specialty fasteners market.
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