- The key vendors in the global aerospace HPA market 2015-2019 are Allegheny Technologies, Aperam, Carpenter Technology, Precision Castparts and VSMPO
London, 19 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global aerospace HPA market 2015-2019. HPA parts with complex structures and enhanced mechanical properties are in high demand. The use of additive manufacturing for metals is still evolving, hence the HPA parts that are manufactured via additive manufacturing processes are being studied to identify microstructural features and densification behavior. The global aerospace HPA market is expected to grow at a CAGR of 6.05% between 2015 and 2019.
The consumption of HPAs for aerospace applications has primarily been concentrated in Europe and North America. However, rapid growth in the aviation industry in APAC has led to the increased production of HPAs. The number of suppliers of aerospace HPAs from APAC has also been growing. The increase in the size of the global aircraft fleet and demand for aircraft engine MRO parts and components are also expected to contribute to market growth.
“New research is being done in many parts of the world; for example, Sandia National Laboratories in the US is experimenting a new method (radiolysis) to develop HPAs,” says Faisal Ghaus, Vice President of Technavio Research.
“The new experiments are also focusing on further reducing the weight of HPAs and improving their corrosion and oxidation resistance without compromising strength.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Aerospace HPA Market 2015-2019, please send an e-mail to media@TechNavio.com
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