The study on the Aircraft Blind Fasteners Market published by Stratview Research is an all-inclusive analysis of the key factors that are likely to determine the growth of the market in the upcoming years. The study dives deep to analyse detailed parameters that are expected to influence the global scenario of the Aircraft Blind Fasteners Market during the forecast period of (2019-2024).
This newly published and insightful report sheds light on the market insights of Aircraft Blind Fasteners Market key dynamics, their impact on the overall value chain from suppliers to end-users, current trends, growth opportunities, restraints, and market drivers that are projected to influence the overall dynamics of the market.
Blind fasteners currently represent less than 12% of the total aircraft fasteners market and are projected to grow at an impressive rate over the next five years to reach US$ 698.8 million in 2024.
The supply chain of this market comprises raw material suppliers, blind fastener manufacturers, distributors, tier players, aircraft OEMs, and MRO companies.
Some of the key players in the market are-
The key aircraft OEMs include-
Aircraft Blind Fasteners Market Segmentation
The report indicates the region and segment that is expected to witness the fastest growth in the coming years. The market experts have segmented the Aircraft Blind Fasteners Market in certain ways -
The aircraft blind fasteners market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general Aviation. Commercial aircraft are likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key programs, such as B737, B787, A350XWB, and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo, and B777x, are likely to create a strong demand for blind fasteners in the commercial aircraft segment. Further, Boeing in its commercial market outlook anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth US$ 6.3 trillion in the global marketplace during 2018-2037. All these factors are likely to provide sustainable demand for blind fasteners in the commercial aircraft segment in the foreseeable future.
Based on the application type, the market is segmented as airframe, engine, flight control surfaces, interiors, and others. Airframe is likely to remain the most dominant segment during the forecast period, whereas flight control surfaces are likely to remain the fastest-growing segment during the same period. Airframe is the largest structure in the aircraft, where blind fasteners are used in a wide array of applications including wings and fuselage, leading to their dominance in the market.
Based on the material type, the aircraft blind fasteners market is segmented as titanium fasteners, steel fasteners, aluminum fasteners, and other fasteners. Titanium is projected to remain the most dominant as well as fastest-growing material type in the global aircraft blind fasteners market over the next five years. Titanium blind fasteners offer a host of advantages over competing fasteners including good compatibility with composite parts, good corrosion resistance, excellent mechanical properties, heat resistance, and a high strength-to-weight ratio; leading to its widespread usage in aircraft.
In terms of region, Europe is projected to remain the largest market for aircraft blind fasteners during the forecast period, driven by the world’s leading aircraft OEM, Airbus. The company has constantly been raising the production rates of key aircraft programs, such as A320 and A350XWB, to meet a huge order backlog which stands at 7,287 jets on 30th April 2019. Airbus has a massive plan for its newly launched A350XWB program. The company is likely to raise the production rate from 6 aircraft per month in 2017 to 13 aircraft by 2019. Similarly, the company is also likely to raise the production rate of its best-selling program (A320 family including neo) from 46 aircraft per month in 2017 to 63 aircraft by 2019. The company is in process of contemplation to further raise the production rate to 70 aircraft per month in the future.
Increasing production rates of the next-generation composite-rich aircraft A350XWB, B787, and F-35; introduction of fuel-efficient variants of the best-selling aircraft with a greater composites content: A320neo and B737 max; upcoming aircraft programs, such as C919 and MC21; increasing preference of blind fasteners for assembling critical aerospace parts; and superior benefits of blind fasteners including ease of installation over the permanent fasteners are giving an impetus to the growth of blind fasteners in the aerospace industry.
Important queries related to the Aircraft Blind Fasteners Market are addressed in the report:
- What would be the growth of the market in the coming five years?
- Who are the key players in the market?
- Which Region is estimated to be dominant in the market in the coming years?
- What will be the size of Aircraft Blind Fasteners Market in the foreseeable future?
- What is Aircraft Blind Fasteners?
- What will be the CAGR of the Aircraft Blind Fasteners Market?
- What is the prime factor driving the growth of Aircraft Blind Fasteners Market?
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