Exponential growth of the commercial aircraft sector has been driving aerospace & defense C-class parts market. Passenger aircrafts orders have witnessed sharp gains owing to the rise in consumer spending on air travel complemented by the minimized air fares for shifting focus on middle class population.
Strong economic growth of the emerging nations led to improved standard of living, thereby expanding consumer base of the airline industry. Furthermore, the aerospace & defense market adheres to stringent regulation concerning the safety of the aircraft operations, which requires timely maintenance and repair of the aircrafts. This would in turn, further strengthen aerospace & defense C-class parts market forecast owing to the increasing commercial air traffic.
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The U.S. aerospace manufacturing sector is soaring at a rapid pace owing to the implementation of advanced production techniques to reduce waste as well as improve quality, in addition to efficient use of resource planning system.
Increasing demand for commercial aircraft in conjunction with rapid growth of air traffic will further contribute towards expansion of aviation segment in the region. North America accounted for nearly 45% of aerospace & defense c-class parts market globally in 2018.
Asia Pacific is likely to emerge as a strong regional contender due to vast developments in the aerospace sector, rapid industrialization and increased penchant for air travel. In fact, the International Air Transport Association predicts that over 50% of new air passengers will be in this region over next 20 years.
Adoption of advanced and upgraded technologies for manufacturing aircraft and spacecraft components is expected to bolster APAC aerospace & defense c-class parts market outlook over the coming years.
Major industry players are involved in implementation of unique strategies including collaborations, mergers and acquisitions, and technology partnerships to fortify business outlook.
In June 2019, Safran Cabin had announced it will provide full scale integrated interiors for the Mitsubishi SpaceJet family of aircrafts. The could certainly involve deployment of components like bearings, fasteners and electrical interior components, expanding business prospects for Safran which manufactures such parts.
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Separately, RBC Bearings had recently confirmed that it has acquired Swiss Tool Systems AG, for leveraging its high-precision boring and turning systems which complement RBC’s expertise in design and quality. Undoubtedly, consistently expansion activities and business agreements within the aviation sector will fuel aerospace & defense c-class parts market size substantially.
Some of the notable players operating across aerospace & defense c-class parts market include Safran SA, RCB Bearings Incorporated, NTN Corporation, Amphenol Corporation, Precision Castparts Corporation, SKF Bearings, Arconic Inc, among others.
Glimpse of Table of Content (ToC)
Chapter 3. Aerospace & Defense C-class Parts Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Profit margin analysis
3.3.3. Value addition at each stage
3.3.4. Distributor channel analysis
3.3.5. Vendor matrix
18.104.22.168. List of key raw material suppliers
22.214.171.124. List of key manufacturers/distributors
126.96.36.199. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Production process
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
188.8.131.52. Increasing defense expenditure by major economies
184.108.40.206. Growth in aerospace industry
3.5.2. Industry pitfalls & challenges
220.127.116.11. Adhesives replacing mechanical fasteners
3.6. Regulatory trends
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
18.104.22.168. R&D cost
22.214.171.124. Manufacturing & equipment cost
126.96.36.199. Raw material cost
188.8.131.52. Distribution cost
184.108.40.206. Operating cost
220.127.116.11. Miscellaneous cost
3.8.2. Price by component
3.8.3. Price by application
3.8.4. Price by distribution channel
3.8.5. Price by end user
3.9. Competitive landscape, 2018
3.9.1. Company market share analysis, 2018
3.9.2. Key stakeholders
3.9.3. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/aerospace-defense-c-class-parts-market
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