Report ID: SQSG20A2007
Report ID:
SQSG20A2007 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
92 |
Figures:
76
Aerospace Titanium Fasteners(ASF) Market Driver
The global civil aviation sector is expanding due to factors such as increased air traffic, increased travel and tourism, increased flight capacity, and opportunities for new commercial aviation routes. To meet current aircraft demand, commercial aviation sectors require new aircraft deliveries, resulting in increased commercial aircraft production. To meet the high demand and provide speedy delivery, the aircraft OEM needs effective components, systems, and raw materials. Furthermore, increasing developments in the aviation industry in developing countries such as China and India are expected to support the growth of the aerospace titanium fasteners market during the forecast period.
Aerospace Titanium Fasteners(ASF) Market Restraint
Growing use of composite frames in aircraft manufacturing is the primary market restraint. As composite materials are used as frames, composite structures do not require the joining of two components. Furthermore, composite properties such as high strength, corrosion resistance, light weight, design flexibility, and low thermal conductivity have increased their global demand. The growing popularity of composite materials in aircraft production due to lower material weight and modern design advantages is expected to limit market growth.
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REQUEST FREE CUSTOMIZATIONBased on the Product, it was estimated that the MRO segment is experiencing high demand and generating the highest revenue in the forecasted period.
The CAGR of the 3D glass market for the forecast year will be more than 6.9 %.
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Report ID: SQSG20A2007