Aerospace Fasteners Market - Future Estimations and Key Industry Segments till 2025Aerospace Research & DevelopmentUpdated on Nov 15, 2019 View more like this | Visit Germany, UN | Contact savni pandit |

Global Aerospace Fasteners Market Research Report: Information by Product (Nuts & Bolts, Rivets, Screws and others), Material (Aluminum, Alloy Steel, Titanium and others), Application (Fuselage, Control Surfaces and Interior), Aircraft Type (Commercial Aircraft and Military Aircraft), End User (Military and Commercial Aerospace) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025
Aerospace fasteners have evolved over the years with the continuously transforming aerospace industry. They are widely used in commercial and military aircraft, their parts and components, ballistic missiles and rockets, and aftermarket service. The aerospace industry makes use of a wide range of fasteners such as bolts, nuts, screws, rivets, pins, and hi-locks.
Both civilian aircraft programs, comprising of Boeing 787, Bombardier's new C-Series airliners, and Airbus A350, and military programs, comprising of aircraft such as Lockheed's new F-35 Lightning II fighter jet, are favoring titanium aerospace parts. This preference is due to the lightweight property of these parts and their compatibility with carbon fiber reinforced composite structures, which drives their demand in the market.
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Titanium hardware weighs 40% lesser than non-titanium hardware. It is also corrosion resistant, has high strength-to-weight ratio, and retains properties at high temperature. Titanium parts can have tensile strengths as high as 160 ksi and shear strengths of 95 ksi. Titanium fasteners are similar to the aluminum, steel, or superalloy fasteners in strength and structure, however, these systems are lightweight and are temperature resistant. The aerospace industry makes use of a wide range of fasteners such as adhesive fasteners, blind rivets and blind bolts, bolts and screws, brackets, build-to-print components, cable tie and tie wraps, cap plugs, clamps, clips, pins, latches, locknuts and nuts, metric standard parts, fasteners and fastening systems (for composite applications), filters, fittings, gang channels, hinges, hoses, inserts and studs, solid rivets, spacers and bushings, specials, thread roll, blade locks, and collars.
Segments:
For the convenience of the report and enhanced understanding; the aerospace fasteners market is segmented in to three key dynamics
Segmentation by Application: Commercial Aerospace and Military.
Segmentation by Aircraft Class: Commercial Aircraft & Military Aircraft.
Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.
Regional Analysis:
The Americas is home to few of the world's most renowned commercial aircraft and business jet manufacturers, i.e., Boeing, Bombardier, Gulfstream, and Embraer. Companies such as Boeing often engage in R&D projects with the manufacturers of aerospace fasteners. The US, in particular, is making substantial investments in producing advanced fastening systems, which will be integrated across modern fighter jets and MEA such as Boeing 787.
North America extensively invests in the aerospace titanium fasteners, and thus generates a very high demand for these fastening systems. Although, Brazil and Canada make some investments in the development of these fastening systems, yet the market is primarily dominated by the US.
Europe, on the other hand, has been at the forefront of commercial aviation innovations, particularly with the recent nanotechnology-based innovations depicting the lightweight and energy-efficiency characteristics for metal-based components, which presents a number of opportunities for local manufacturers and stakeholders of aerospace fasteners. It develops advanced aerospace fasteners by unifying metallurgy with aeronautical excellence.
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Concurrently, the market in the APAC region is expected to witness a steady growth during the forecast period owing to the increasing new aircraft numbers and growing passenger traffic. As a result of a significant economic growth during 2011-2016, APAC will witness several new airline companies coming into service and major aircraft manufacturers such as Airbus and Boeing setting up manufacturing facilities. Moreover, the region’s two major economies, India and China, have initiated the planning and development of the fifth and sixth generation fighter aircraft programs, such as the Tejas, Chengdu J-20, and the Shenyang J-31. Such initiatives would call for the increased development and procurement of titanium fasteners for both commercial and military aerospace.
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