Market Definition
Aircraft fasteners are used to connect and assemble various sections of an aircraft. Fasteners are among the most important hardware components of an aircraft and play an important role in its operation. Fasteners like as bolts, screws, nuts, rivets, potted inserts, clamps, and flanged spacers are utilized throughout an aircraft’s interior. Fasteners are utilized in several applications.
Market Outlook
They are used not only to attach different portions of an aircraft together, such as the aircraft structure to the skin, but also to install and adhere components to the aircraft body, such as seats, storage bins, and panels. Fasteners account for a significant portion of the hardware components used in aircraft, accounting for 45-50% of the components used in an aircraft. For example, Airbus’ A380 aircraft includes six million components, more than three million of which are fasteners.
The global Aircraft Interior Fasteners Market was valued at US$ 0.4 billion in 2022 and it is anticipated to grow up to US$ 1.9 billion by 2032, at a CAGR of 15.2% during the forecast period.
The worldwide Aircraft Interior Fasteners Market is expanding due to rising adoption of robotics. Robotics and 3D printing have been shown to be beneficial in the industrial business. Autonomous robotic manufacturing has enhanced manufacturing speed while maintaining high precision and decreased reliance on people. The advantages of 3D printing technology include its ease of use, improved quality, faster mass production, tangible design and product testing, cost-effective, innovative design and freedom of customization, ability to generate desired shapes and geometry, efficient use of raw materials for implementation, less waste production, and reduced design and human errors. 3D printing is generally used to create components like wings, panels, and ducts. By manufacturing two nearby pieces into one component and generating lightweight components, 3D technology minimizes the number of components.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives.
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Global Aircraft Interior Fasteners Market Segmental Overview
The report analyses the global Aircraft Interior Fasteners Market based on Application, Material Type, and region.
Global Aircraft Interior Fasteners Market by Application
Based on application, it is bifurcated into commercial aircraft, regional aircraft, general aviation, and military aircraft. The commercial aircraft segment is expected to be the largest segment in the Aircraft Interior Fasteners Market in 2022. To satisfy a massive order backlog, Boeing and Airbus are raising manufacturing rates on their best-selling commercial aircraft programs. COMAC and Irkut are also approaching the commercial aircraft market with their C919 and MC-21 aircraft programs, respectively. Boeing predicted that 40,410 commercial aircraft worth US$ 6.25 trillion would be delivered in the worldwide marketplace. This element will generate long-term demand for fasteners for commercial airplane interiors across the world.
Global Aircraft Interior Fasteners Market by Material Type
Based on material type, the market is classified into aluminum, steel, and others. The aluminum segment dominated the market in 2022. Due to its multiple advantages, such as greater specific strength to steel, lightweight, and good corrosion and heat resistance. Plastic fasteners are increasingly infiltrating the aircraft interior fastening industry because they are lightweight while providing comparable strength to metallic equivalents.
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Major Players in the Global Aircraft Interior Fasteners Market
The key players studied in the global Aircraft Interior Fasteners Market are Precision Castparts Corp, LISI AEROSPACE, Stanley Black and Decker, Inc., Penn Engineering, Clarendon Specialty Fasteners, Fastmount Ltd , DELO, HALCO Europe Ltd, Kirkhill, and TriMas Aerospace among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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