Asia Pacific will occupy a share of over 17% in the aerospace & defense C-class parts market in the forecast period. This region occupies a major chunk of the global population, along with thriving middle class income, which will trigger air traffic spending in the coming years. Furthermore, high government as well as private spending in airport construction segment will improve its infrastructure throughout the landmass and will promote trade activities. These trends will drive the overall product demand in the upcoming years.
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Exponential growth of the commercial aircraft sector has been driving aerospace & defense C-class parts market. Passenger aircrafts orders have witnessed sharp gains owing to the rise in consumer spending on air travel complemented by the minimized air fares for shifting focus on middle class population.
Strong economic growth of the emerging nations led to improved standard of living, thereby expanding consumer base of the airline industry. Furthermore, the aerospace & defense industry adheres to stringent regulation concerning the safety of the aircraft operations, which requires timely maintenance and repair of the aircrafts. This would in turn, further strengthen aerospace and defense C-class parts market forecast owing to the increasing commercial air traffic.
Aircraft airframe segment held the largest share owing to the increased production rates of commercial aircrafts by major players like Boeing and Airbus. Improved business policies enforced by major airliners have led to minimized airfares attracting more air flyers. The expansion of the consumer base preferring air travel has also proved highly beneficial for the airline industry, thus creating more demands for new aircrafts.
Among the components, fasteners captured the share of over 50% in the aerospace & defense C-class parts market in 2018. This segment is likely to witness gains due to its increasing acceptance in fabrication and aircraft assembly operations. Additionally, rising aircraft manufacturing owing to fast-tracked replacement cycle of obsolete aircrafts with next generation fuel efficient aircrafts will also make subsequent positive impact on the overall business size by 2025.
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Aerospace & defense C-class parts market is vastly dominated in term of manufacturing technology by North America and Europe, followed by Asia Pacific. Some of the leading players in the industry are Arconic Inc., Amphenol Corporation, Eaton Corporation, Trimas Corporation, Satcom Direct, LiSi Aerospace, SKF, LMI Aerospace Inc., Safran SA, Triumph Group and several others.
Major Key Points from Table of Content:
Chapter 5. Aerospace & Defense C-class Parts Market, By Application
5.1. Global aerospace & defense C-class parts market application insights
5.2.1. Global market estimates and forecast, 2014 – 2025
5.2.2. Global market estimates and forecast, by region, 2014 – 2025
5.3.1. Global market estimates and forecast, 2014 – 2025
5.3.2. Global market estimates and forecast, by region, 2014 – 2025
5.4.1. Global market estimates and forecast, 2014 – 2025
5.4.2. Global market estimates and forecast, by region, 2014 – 2025
5.5.1. Global market estimates and forecast, 2014 – 2025
5.5.2. Global aerospace & defense C-class parts market estimates and forecast, by region, 2014 – 2025
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