DUBLIN, Jan. 23, 2019 /PRNewswire/ --
The "Aerospace Titanium Blisk Market by Application - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
Global aerospace titanium blisk market is expected to reach $4,945.4 million by 2023, globally, aerospace industry is registering rise in demand for military as well as commercial aircrafts.
Titanium blisks are used in aircraft engines or the gas turbines to compress the air for propulsion. The rise in sales of aircrafts supports the market growth. The aviation industry is one of the major contributors to the global economy. Commercial space pertaining to global aerospace industry is posting higher growth buoyed by robust passenger and cargo demand.
Based on application, the aerospace titanium blisk market is categorized into military, commercial, general aviation, and others, wherein others category includes experimental and model aircrafts. Commercial aerospace titanium blisk market accounted for largest market share in 2017. This can be attributed to rising passenger as well as cargo demand throughout the world. According to the International Air Transport Association (IATA), there was a significant growth in the number of scheduled passengers that boarded commercial airlines in the past decade; with 2,452 million passengers in 2007 to 4,093 million in 2017. This has led to growing demand for commercial aircrafts, which in turn, is pushing the demand for titanium blisk in commercial applications.
On the basis of diameter, the aerospace titanium blisk market is segmented into less than 70 cm, 70-80 cm, and 80-90 cm. The market for less than 70 cm diameter titanium blisk held the largest market share of over 55% in 2017. This can be attributed to the fact that less than 70 cm diameter blisk finds application in majority of commercial aircrafts as well as business jets. However, 80-90 cm titanium blisk category is expected to register the highest CAGR during the forecast period owing to rising application of this category in military as well as next generation aircrafts.
Based on region, North America held the largest share in the aerospace titanium blisk market in 2017, with revenue of $1,735.6 million. This is attributed to the high demand for business fleets in the region. In North America, aircraft fleet size of the business aviation market in 2017 stood at 24,297 units, with Europe at 3,894 and Asia at 2,701. However, APAC region is expected to witness the highest growth rate during the forecast period. This can be attributed to several factors such as increasing passenger traffic, cargo demand, as well as beefing-up of air forces by countries such as India and China.
Increasing awareness about advantages of titanium based blisks for aerospace industry applications, such as significant reduction in weight, greater resilience, and reduced maintenance in comparison to traditional bladed disk, has led to rise in the adoption of titanium blisks in aerospace industry, globally. Growing adoption has led to increase in competition in the aerospace titanium blisk market.
Some of the key players in the market include, MTU Aero Engines AG, GKN plc, Rolls-Royce Holdings plc, and GE Aviation.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Application
184.108.40.206 General Aviation
4.1.2 By Diameter
220.127.116.11 Less than 70 cm
18.104.22.168 70 cm - 80 cm
22.214.171.124 80 cm - 90 cm
4.2 Production Process Flow
4.3 Market Dynamics
126.96.36.199 Additive manufacturing of titanium blisk
188.8.131.52 Low weight and high strength of titanium based blisk
184.108.40.206 Decreasing price of titanium
220.127.116.11 Increasing aircraft sales
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Use of other materials and removable bladed rotor
126.96.36.199 Complex machining
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Production using friction welding
4.4 Price Analysis
4.5 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Application
5.2 By Diameter
5.3 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. APAC Market Size and Forecast
Chapter 8. Europe Market Size and Forecast
Chapter 9. RoW Market Size and Forecast
Chapter 10. Competitive Landscape
10.1 Competitive Analysis of Key Players
10.2 Recent Activity of Major Players
10.3 Global Strategic Developments of Key Players
10.3.1 Product Launches
10.3.3 Facility Expansions
10.3.4 Other Developments
Chapter 11. Company Profiles
- Starrag Group Holding AG
- Makino Milling Machine Co. Ltd.
- GE Aviation
- GKN plc
- EDAC Technologies Corporation
- NFT Inc.
- Rolls-Royce Holdings plc
- MTU Aero Engines AG
- DMG MORI Group
- OKUMA Corporation
For more information about this report visit https://www.researchandmarkets.com/research/n29g77/global_aerospace?w=5
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