According to a new market report published by
Lucintel, the future of titanium in the global aerospace market looks promising
with opportunities in the commercial aircraft, military aircraft, helicopter, general
aviation, and regional aircraft. Titanium in the global aerospace industry is expected
to reach an estimated $5.4 billion by 2030 with a CAGR of 3.6% from 2018 to 2030.
The major growth drivers for this market are increasing deliveries of aircraft
and the demand for lightweight titanium materials.
In this
market, aircraft structure and engine are
the major applications of titanium in the global aerospace industry. On the basis of its
comprehensive research, Lucintel forecasts
that the aircraft structure will remain the largest application over the
forecast period. The major parts fabricated from titanium include seat tracks,
fuselage chords, door frame, wing spar, and crown bulkhead chord. Increased
focus on weight reduction and fuel efficiency by aircraft manufacturers has
augmented the use of titanium alloys in aircraft structure.
Within the titanium in global aerospace
industry, commercial aircraft is expected to remain the largest segment and
witness the highest growth by aircraft type due to an increase in aircraft delivery
and increasing penetration of titanium alloys in commercial aircraft.
North America is expected to remain the
largest region and witness
the highest growth over the forecast period due to a significant increase in
aircraft deliveries and increasing demand for lightweight materials.
Emerging trends, which has
a direct impact on the dynamics of the industry, includes developing technology
to reduce production cost and increasing applications of titanium in aircraft. VSMPO-AVISMA,
Berkshire Hathaway Incorporated, Allegheny Technologies Incorporated, Alcoa (previously
RTI International Metals), Baoji Titanium Industry Co. Ltd., and Kobelco Group
are among the major providers of titanium in the global aerospace industry.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities for titanium in the global aerospace industry by aircraft type, application
type, alloy type, and region and has come up with a comprehensive research
report entitled “Growth
Opportunities for Titanium in the Global Aerospace Industry 2018-2030: Trends,
Forecast, and Market Analysis.”
This Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for titanium in the global aerospace industry by aircraft type, application, alloy type, and region as follows:
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By Aircraft
Type [Value ($M) and Volume (M lbs) from 2012 to 2030]:
·
Commercial
Aircraft
·
Military
Aircraft
·
Helicopter
·
General
Aviation
·
Regional
Aircraft
By Application Type [Value ($M) and Volume (M lbs) from 2012 to 2030]:
·
Structure
(airframe)
·
Engine
·
Other
By Alloy Type [Value ($M) and Volume (M lbs) for 2017]:
·
Alpha
·
Alpha
+ Beta
·
Beta
By Region [Value ($M) and Volume (M lbs) from 2012 to
2030]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
152 page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Aerospace
Report, Defense
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. We
offer market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This
report answers the following 10 key questions:
Q.1 What are some of the most promising,
high-growth opportunities for titanium in the global aerospace industry by aircraft
type (commercial
aircraft, military aircraft, helicopter, general aviation, and regional
aircraft), by application (structure,
engine, and others), by alloy type (alpha, alpha+beta, and beta) and by region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a
faster pace and why?
Q.3 Which region will grow
at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges in this market?
Q.5 What
are the business risks and threats of this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 What are the new developments in the market?
Which companies are leading these developments?
Q.9 Who are the major players in this market? What
strategic initiatives are being implemented by key players for business growth?
Q.10 What
M&A activity has occurred in the last 5 years?
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