Titanium in the Global Aerospace Industry Report: Trends, Forecast and Competitive Analysis
LONDON, August 8, 2018 /PRNewswire/ -- Trends, opportunities and forecast for titanium in the global aerospace market to 2023 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)
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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 $5.4 billion by 2030 with a CAGR of 3.6% from 2018 to 2030. The major growth drivers for this market are increasing deliveries of aircraft and the demand for lightweight titanium materials.
Emerging trends, which has a direct impact on the dynamics for titanium in the global aerospace industry, includes developing technology to reduce production cost and increasing applications of titanium in aircraft.
- titanium in aerospace industry by aircraft
- titanium in aerospace industry
- industry players
The study includes the market size for titanium in the global aerospace industry and forecast for titanium in the global aerospace industry through 2023, segmented by aircraft type, application, alloy type, and region as follows:
Titanium in the Global Aerospace Industry by Aircraft Type [Value ($M) and Volume (M lbs) from 2012 to 2030]:
Commercial Aircraft Military Aircraft Helicopter General Aviation Regional Aircraft
Titanium in the Global Aerospace Industry by Application Type [Value ($M) and Volume (M lbs) from 2012 to 2030]:
Structure (airframe) Engine Other
Titanium in the Global Aerospace Industry by Alloy Type [Value ($M) and Volume (M lbs) for 2017]:
Alpha Alpha + Beta Beta
Titanium in the Global Aerospace Industry by Region [Value ($M) and Volume (M lbs) from 2012 to 2030]:
North America Europe Asia Pacific The Rest of the World
Some of the titanium companies profiled in this report include VSMPO-AVISMA, Berkshire Hathaway Incorporated, Allegheny Technologies Incorporated, Alcoa (previously RTI International Metals), Baoji Titanium Industry Co. Ltd., and Kobelco Group and others.
On the basis of its comprehensive research, Lucintel forecasts that the aircraft structure will remain the largest application over the forecast period. The major parts fabricated from titanium include seat tracks, fuselage chords, door frame, wing spar, and crown bulkhead chord. Increased focus on weight reduction and fuel efficiency by aircraft manufacturers has augmented the use of titanium alloys in aircraft structure.
Within the titanium in global aerospace industry, commercial aircraft is expected to remain the largest segment and witness the highest growth by aircraft type due to an increase in aircraft delivery and increasing penetration of titanium alloys in commercial aircraft.
North America is expected to remain the largest region and witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and increasing demand for lightweight materials.
Some of the features of "Titanium in the Global Aerospace Industry Report: Trends, Forecast and Competitive Analysis" include:
Market size estimates: Titanium in the global aerospace industry size estimation in terms of value ($M) and volume (M Lbs.) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
Segmentation analysis: Titanium in the global aerospace industry size by various applications such as aircraft, application, and alloy in terms of value and volume shipment.
Regional analysis: Titanium in the global aerospace industry breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of titanium in the global aerospace industry.
Strategic analysis: This includes M&A, new product development, and competitive landscape of titanium in the global aerospace industry. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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 for titanium in the global aerospace industry?
Q.6 What are emerging trends for titanium in the global aerospace industry and reasons behind them?
Q.7 What are some of the changing demands of customers for titanium in the global aerospace industry?
Q.8 What are the new developments for titanium in the global aerospace industry? Which companies are leading these developments?
Q.9 Who are the major players for titanium in the global aerospace industry? 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 for titanium in the global aerospace industry?
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