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text 2020-02-12 08:46
Aerospace Materials Market by Type,Aircraft Type, and Region 2022

The global Market for Aerospace Materials is projected to reach USD 25.80 billion by 2022, at a CAGR of 6.9% from 2017 to 2022. Growing demand from the aerospace industry for high-grade aerospace materials is driving the aerospace materials consumption, globally.

 

Browse 94 market data tables and 52 figures spread through 151 pages and in-depth TOC on "Aerospace Materials Market by Type (Aluminium Alloys, Steel Alloys, Titanium Alloys, Super Alloys, and Composite Materials), Aircraft Type (Commercial Aircraft, Business & General Aviation, Helicopters), and Region - Global Forecast to 2022".

 

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Growing demand from the aerospace industry for high-grade aerospace materials is driving the aerospace materials consumption, globally.

 

Expansion was the key strategy adopted by industry players to boost their growth in the global aerospace materials market. Besides expansions, companies are investing in new product development and acquisitions. The North American region witnessed the highest number of strategic initiatives from 2011 to 2016. Expansion was the most preferred strategy in this region. Companies such as Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium), Hexcel Corporation (U.S.), and Du Pont (U.S.), were the most active players in the aerospace materials market in the region.

 

Major manufacturers such as Toray Industries, Inc. (Japan), Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium), Du Pont (U.S.), Teijin limited (Japan), ATI Metals (U.S.) and Constellium N.V. (Netherlands) are profiled in this report. These companies have adopted both organic and inorganic growth strategies to grow in the market.

 

Toray Industries, Inc. (Japan), Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium) are identified as the major players in the aerospace materials market. These companies have a strong product portfolio as well as a robust business strategy to achieve continued growth. For instance, Alcoa Corporation (U.S.) and Toray Industries, Inc. (Japan) offer various types of aerospace materials. In 2011, Solvay S.A. (Belgium) acquired Cytec (U.S.). This acquisition helped Solvay to become the second-largest company in the aerospace composite materials market globally.

 

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Du Pont (U.S.), Teijin Limited (Japan), ATI Metals (U.S.), Constellium N.V. (Netherlands), AMG N.V. (Netherlands), Hexcel Corporation (U.S.), ThyssenKrupp Aerospace (Germany), Koninklijke Tencate N.V. (Netherlands), SGL Group (Germany), and VSMPO-AVISMA Corporation (Russia) are identified as dynamic players in the aerospace materials market.

 

These companies also have a strong foothold in the aerospace materials market with the help of various strategies such as mergers & acquisitions, investments & expansions, and agreements & partnerships. DuPont acquired BAE Systems Tensylon High-Performance Materials, Inc. (U.S.), a prominent manufacturer of carbon fiber composites. DuPont, in collaboration with these industry players, is expected to develop new products, thereby penetrating further in the aerospace materials market.

 

Constellium N.V. has invested heavily in the development of its unique technology AIRWARE to revolutionize the aerospace industry. This new technology has been a huge success and has been adopted by various major aircraft manufacturers. The company has supply contracts with Airbus (U.S.) and Bombardier (Canada) which is viewed as a strategic step for future growth by many industry experts.

 

For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/

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text 2019-05-29 08:55
Aircraft Ground-handling System Industry Rising Trends, Challenges, and Key Players

29 May 2019, The global aircraft ground-handling system market is subject to witness a substantial growth due to the rising globalization, increasing the global air traffic, rising focus towards ground support operations at airports. Additionally, declining airfares, increasing number of aircraft fleets, rising availability of advanced facilities, and development of the luxury travel services are expected to drive the growth of ground handling system market over the forecast period.

 

Shifting trend towards convenience travel for passengers and increasing per capita income among general population are some of the key driver for market growth, in the recent years. Globally, the market is predicted to grow at CAGR of 10.44% in forecast period, providing numerous opportunities for market players to invest in research and development in the aircraft ground-handling system market.

 

Rising demand for sophisticated services for various airport operations and airline services across to utilize every aspect of GH operations. The recent technological advancement in the aviation industry and development of novel products and technique such as use of robotics and digital communications, are expected to positively influence the growth of the ground handling system in the upcoming years.

 

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https://www.millioninsights.com/industry-reports/aircraft-ground-handling-system-market/request-sample

 

In addition, shifting trend towards adoption of electric propulsion instead of fossil fuels is considered as key growth factor for ground handling system market, in the near future. Development of electric-operated and biogas powered towing automobiles coupled with favorable governmental policies are expected to boost overall market performance in the upcoming years. Use of electrically operated and biogas powered towing automobile for aircraft allows engines to stay powered off unless the aircraft is at the runway’s head.

 

Growing number of operational airports and flights, particularly in the North America and European region are expected to incorporate numerous growth opportunities in the near future. Increasing investment by both local governments and private bodies to promote adoption of alternate fuel resources for handling equipment and vehicles, are propelling market expansion in the years to come. However, increasing requirement for optimization of operations at the peak time is expected to negatively influence industry growth to a certain extent.

 

The market is broadly categorized into three major types based on type of the equipment such as aircraft handling system, baggage & cargo handling system, and passenger handling system. Aircraft support equipment is considered as one of the fastest growing segment in the aircraft ground-handling system market with substantial revenue generation in the last couple of years. . Aircraft support equipment majorly consists of air start units, refuels, tow bars, wedges, deicing and anti-icing instruments, and lavatory and water support instruments.

 

 

While, the baggage and cargo support equipment market segment has also witnessed significant growth, in the recent years as well owing to the increasing demand for transport wagons, tractors, baggage loaders, trailers, and containers. Some of the critical factors such as customer satisfaction, improvements in the aircraft turnaround time, superior airport’s operational efficiency, automation of various airport services, and a rise in air travel across the globe are fostering the growth of baggage and cargo support equipment segment, in the recent years.

 

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in aviation industry, increase in domestic traveling, and existence of well-established industrial infrastructure in the region.

 

Asia-Pacific region is predicted to hold major market share in the aircraft ground-handling system market with massive growth in the forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, increasing customer base for airlines, and significant investment by leading industry players considering potential growth opportunities in the region.

 

The key players in the ground handling system are Dubai National Air Transport Association, Havas S.A., John Bean Technologies AeroTech SLU, SATS LLC, AERO Specialties, Inc., Aircraft Service International Group (ASIG), Inc., Imai Aero-Equipment Mfg. Co., Ltd., WeihaiGuangtai Airports Equipment Co., Ltd., Mallaghan Engineering Ltd., and Swissport International Ltd..

 

Browse Related Category Market Reports @

https://www.millioninsights.com/industry/military-aerospace-and-defense

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