Aeronautical Titanium Market Survey, Analysis, Share, Company Profiles and Forecast

Aeronautical Titanium Market Size, Share, Demand, Drivers, Restraints, Company Profiles and Key Players Analysis

The global aeronautical titanium market is forecast to reach USD 4.42 Billion from USD 3.15 Billion in 2019, showcasing a growth rate of 4.1% through 2027. The market growth is driven by a plethora of factors, including increasing investment in fighter aircraft, expansion of the global aviation industry, rise in the number of space exploration programs, and technological advancements in aircraft manufacturing.

To receive a free PDF sample of this report @ https://www.reportsanddata.com/sample-enquiry-form/1616

Titanium is 30% stronger and nearly 50% lighter than steel. The metal exhibits high corrosion resistance, and when exposed to the atmosphere, titanium forms a firm, tenacious oxide film that offers immense resistance from most of the corrosive materials. Aeronautical titanium is witnessing high demand as it not only increases the range of aircraft but also decreases its fuel use significantly. A lighter aircraft requires less fuel for flying, enabling fewer refueling stops and, subsequently, longer continuous flight. All these benefits offered by the material is expected to boost aeronautical titanium market growth.

Increasing fuel prices and the current slowdown of the economy, globally, is leading to a growing need for more fuel-efficient aircraft. Considering titanium’s weight-to-strength proportion, planes made out the metal are lighter and expends less fuel, which is why several airliners are switching to titanium for making several parts of the aircraft. Increasing investments in fighter planes and military helicopters from various countries across the globe will supplement aeronautical titanium market share through 2027. Additionally, the proliferation of advanced technology to develop highly efficient planes will foster market revenue share over the forecast period. For instance, in February 2020, General Atomic Aeronautical systems, an aeronautics company that provides unmanned aerial vehicles & radar solutions to the U.S. military and for commercial applications globally, had performed the first test flight of a metal 3D printed part – a Neighborhood Assistance Corporation of America (NACA) inlet made in Titanium Ti6AI4V on a Sky Guardian RPA (Remotely Piloted Aircraft).

A report propounds that between 2009 and 2019, passenger miles increased by 93% worldwide, and the number of aircraft in commercial aviation increased by nearly 45 %. A similar trend will bolster aeronautical titanium market growth over the forecast period. However, the aviation sector is the hardest hit with the COVID-19 pandemic on account of the mandatory lockdown restricting the movement of people across the globe, leading to a significant reduction of airline traffic. The IATA estimates that the revenue of the aviation industry will fall by 55% in the current year, which may hamper industry growth to some extent.

Further key findings from the report suggest:

  • The global aeronautical titanium market is forecast to reach USD 4.42 Billion from USD 3.15 Billion in 2019, showcasing a growth rate of 4.1% through 2027.
  • Based on application, the structural frames segment held contributed significantly towards the global aeronautical titanium market share in 2018 and are is estimated to maintain its dominance over the analysis, delivering a CAGR of 4.2%.
  • Based on end-use, the commercial segment is likely to account for the majority revenue generation, exhibiting a CAGR of 3.7% through 2027.
  • In the regional landscape, the Asia Pacific region is estimated to witness the fastest growth rate of 4.7% through 2027. According to IATA, China is expected to topple the United States as the largest aviation industry in terms of air traffic, by the end of 2024. The agency also estimated that an additional 1.8 billion passengers per year would be conveyed to and from within the region by 2035, which may positively impact regional industry growth.
  • Key players contributing towards the aeronautical titanium market share are Acnis International, Bralco Metals, Supra Alloys, Kobelco Group, Gould Alloys, Precision Castparts Corporation, Metalweb, Alcoa, VSMPO-AVISMA Corporation, and Paris Saint-Denis Aero, among others.

For the purpose of this report, Reports and Data has segmented the Global Aeronautical Titanium Market on the basis of material type, application, end-user, and region:

Material Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Commercially Pure Titanium
  • Titanium Alloys

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/aeronautical-titanium-market

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Structural Airframes
  • Engines
  • Others

End-User Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Military
  • Commercial
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • North America
    • U.S.
  • Europe
    • U.K.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa

To receive a free PDF sample of this report @ https://www.reportsanddata.com/sample-enquiry-form/1616

Overview of the TOC of the Report:

  • Introduction, Scope, and Overview
  • Opportunities, Risks, and Drivers
  • Competition landscape analysis with sales, revenue, and price
  • Extensive Profiling of the key competitors with the sales figures, revenue, and market share
  • Regional analysis with sales, revenue, and market share for each region for the forecast period
  • Country-wise analysis of the industry by type, application, and manufacturers
  • Market Segmentation based on types
  • Market segmentation based on applications
  • Historical and forecast estimation
  • And other chapters.

About Us:                                                                                      

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

Contact Us:                                                                  

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Facebook

Related Reports :

Lubricants for Wind Turbine Market

Protein Hydrolysate Market Share

Precision Farming/Agriculture Market Trend

Clinical Laboratory Market Size

Ultra-Low alpha metal Market Growth

Back to top button