Aerostructure Equipment Market Global Growth, Opportunities, Industry Analysis & Forecast To 2027
Aerostructure Equipment Market research report Segmented By Component Type (Automated Production Fastening Systems, Automated Production Composite Systems, Automated Assembly Station/Lines Systems, Automated Assembly Conveyor Systems, Small Tools (Hand Power and Manual), Services), By Aircraft Body Type (Narrow Body Aircraft ASE, Wide Body Aircraft ASE, Regional Aircraft ASE, Helicopter ASE), By End Use Application (Commercial, Military, Business and Regional Aviation, Helicopter), By Delivery Type (New Equipment, Retrofits, Operational Services), & by Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, MEA).
[UKPRwire, Thu Sep 19 2019]
Aerostructure equipment are components of an aircraft’s airframe including flight control surfaces, fuselage, and wings. Aerostructure equipment is not just confined to the airline as military planes and helicopters require aerostructure equipment to remain running all the time. Mechanical testing of an individual or complete aerospace structures are carried out on a universal testing machine including tests like tensile, flexure, compression, fatigue and impact.
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A recent study by Fact.MR foretells the global aerostructure equipment market to record an expansion rate of over 1.5% over the forecast period of 2019 - 2027. The global aerostructure equipment market is driven by the increased deliveries of commercial aircraft around the globe. With the increase in the number of passengers flying each year, there has been significant growth within the commercial aviation industry in the deployment of commercial aircraft.
North America is anticipated to contribute to the largest market share in the global aerostructure equipment market due to the presence of leading aircraft manufacturers such as Boeing, Lockheed Martin, and Bombardier as the number of aircraft production increases and the demand is being powered by several global elements. Despite a trend towards leading efficiency, route consolidation and the geopolitical situation of some countries resulting in some limitations. Aerostructure equipment is considered the most vital parts of an aircraft. Commercial aircraft deliverables extremely govern the demand and growth factors of the aerostructure equipment market. Advancements in materials, designs, and processes have asserted the industry to grow faster.
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The growing wealth of emerging economies has trigged accessibility to air-traffic and is a dominant factor leading to a rise in trips per capita and passenger traffic across the globe. This, invariably, is pointing towards the demand of newer aircraft which is forwarding the global aerostructure equipment market. The primary trend that will most probably be impacting the competitive dynamics of the market is expected to shift the manufacturing of aerostructure equipment from significant players to OEM’s. In the year 2018, several highly valued mergers and acquisitions were witnessed in the aerostructure equipment industry as major vendors acquired other small and medium scale vendors to capture a large portion of the market.
However, this trend has led Boeing and Airbus to increasingly backward integrate themselves by accepting crucial components, including aerostructure materials for their upcoming programs. Several research and development activities in the field of aerostructure equipment have resulted in the formation of numerous composite materials which are almost 20% lighter than conventional aircraft materials. However, the use of FSW aluminum, an alloy which is bulkier is more prominently used in aerostructure equipment due to exact precision crafting.
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