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. 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.
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- 9 – Chapter
- 326 – Pages
- Industry: Manufacturing & Construction
Key trends:
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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Market Segmentation:
By 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.
By 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.
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Data Summary:
Report Attribute | Details |
| Market Size in 2022 | $0.4 bn |
| Market Size in 2032 | $1.9 bn |
| Growth Rate (2023-32) | 15.2% |
| Historic Period | 2016-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Application, Material Type, and Region |
| Key Companies | 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 |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
COVID-19 Impact
The COVID-19 epidemic had a significant influence on the aerospace sector, stifling the expansion of the aerospace fasteners market. The lockout, followed by a disrupted supply chain, resulted in the closure of production and transportation activities in many locations. Furthermore, the disruption in raw material supply caused by the global shutdown of general operations affected the manufacture of aircraft fasteners significantly. As conditions improve, aircraft manufacturers begin production at a good clip, despite various hurdles in meeting aircraft demand. Furthermore, key players such as B&B Specialists and Boeing Distribution Services are now focusing on multiple strategies for tackling new challenges, such as smart transportation services and autonomous manufacturing technologies, as well as establishing in-house raw material production and reducing reliance on raw material suppliers.
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Key Players:
- Precision Castparts Corp
- LISI AEROSPACE
- Stanley Black and Decker, Inc.
- Penn Engineering
- Clarendon Specialty Fasteners
- Fastmount Ltd
- DELO
- HALCO Europe Ltd
- Kirkhill
- TriMas Aerospace
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East and Africa (UAE, Saudi Arabia, Rest of Middle East And Africa)
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