Technavio, a tech-focused market research firm, has published a new report on the global aerospace fasteners market, which is expected to grow at a CAGR of close to 7% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global aerospace fasteners market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Aerospace fasteners market in the Americas: Regarding expenditure and technological advancements, North America dominates the global aerospace fasteners market. Being the highest contributor, North America generates a very high demand for these fastener systems. The US is the major end-user of the market in North America and is the largest spender in military aerospace globally.
According to Moutushi Saha, a lead analyst at Technavio, specializing in research on aerospace, “There is an increase in the commercial aircraft and military aircraft programs in the US. Such programs have led the Federal Aviation Administration (FAA) and the US DoD to invest extensively in the production and supply of aerospace fasteners, which will drive the market during the forecast period.”
Aerospace fasteners market in EMEA: EMEA represents a considerable part of the global market, with the Gulf nations incurring recurrent expenditure on advanced fighter aircraft platforms with an ongoing requirement to counter militant insurgency. Europe, particularly, is a major hub for the development of fighter planes. Several European-based companies such as Saab, Dassault, Airbus Defense and Space, and Sukhoi are engaged in the development of fighter planes.
Aerospace fasteners market in APAC: The region’s two major growing countries, India and China, have initiated the planning and development of the fifth and sixth-generation fighter aircraft programs such as Chengdu J-20 and the Shenyang J-31. The rising number of aircraft depicts that the defense and the aviation authorities in APAC will focus more on the production of aerospace fasteners, thereby fueling the market during the forecast period.
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The top vendors operating in the global aerospace fasteners market are:
- 3V Fasteners
- Arconic
- B&B Specialties
- KLX
- LISI Aerospace
Other prominent vendors in the market include CDP Fastener, National Aerospace Fasteners, Stanley Aerospace Fastening, TFI Aerospace, and Wesco Aircraft Holdings.
A more detailed analysis is available in the Technavio report titled, ‘Global Aerospace Fasteners Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Power Tool Accessories Market 2017-2021
- Global Industrial Fasteners Market 2016-2020
- Global Helicopters Market 2016-2020
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