Aerospace industry is recording growth in demand for military as well as commercial aircrafts. Titanium blisk are utilized in aircraft engines or the gas turbines to compress the air for propulsion. The upsurge in sales of aircrafts supports the market growth. The aviation industry is one of the foremost contributors to the international economy. Commercial space affecting to worldwide aerospace industry is posting higher growth buoyed by robust passenger and cargo demand.
MARKET SCOPE
The "Global Aerospace Titanium Blisk Market Analysis to 2028"? is a specialized and in-depth study of the Aerospace titanium blisk market with a special focus on the global market trend analysis. The report aims to provide an overview of Aerospace titanium blisk market with detailed market segmentation by application, diameter, and industry. The global Aerospace titanium blisk market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aerospace titanium blisk market player and offers key trends and opportunities in the Aerospace titanium blisk market.
MARKET SEGMENTATION
- On the basis of application, the market is segmented as military, commercial, and general aviation.
- On the basis of diameter, the market is segmented as less than 70cm, 70cm
- 80cm, and 80cm
- 90cm.
MARKET DYNAMICS
Drivers:
- Rising awareness about advantages of titanium based blisk for aerospace industry applications, such as significant reduction in greater resilience, weight and reduced maintenance in comparison to traditional bladed disk.
- The requirement for higher fuel efficiency is growing, which is fueling the demand for high bypass ratio and propelling the necessity for low weight blisk which will compensate for the additional weight due to higher bypass ratio.
Restraints:
- Other materials such as steel, ceramic, carbon fiber, silicon carbide, nickel-based alloys, and removable blade blisk are expected to hinder the market. Further, the removable blade blisk can be another major hindering factor for the adoption of titanium blisk due to the advantages of removable blade blisk over titanium blisk such as easy repair ability, less complex and faster manufacturing, and chipping.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Aerospace Titanium Blisk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the aerospace titanium blisk market.
IMPACT OF COVID-19 ON AEROSPACE TITANIUM BLISK MARKET
The COVID-19 epidemic wreaked havoc on the aerospace industry, causing a significant decline in aircraft sales, a shortage of raw materials, and delays in aircraft delivery. Players in the aviation industry are grappling with issues such as a complete halt in production and government-mandated facility closures, both of which have harmed the overall market. Markets, on the other hand, are gradually opening up to their full potential in early 2021. As the commercial and military aviation industries ramp up their services following the unlocking, the aerospace titanium blisk market is likely to rebound. For example, Indigo Partners portfolio airlines Wizz Air (Hungary), Frontier (USA), Volaris (Mexico), and JetSMART (Chile, Argentina) made an order for 255 more A321neo Family aircraft in November 2021 under a unified Indigo Partners deal. The definite order was signed at the Dubai Airshow. With this deal, Indigo Partners' airlines have bought a total of 1,145 A320 Family aircraft. The planes that have been ordered are a combination of A321neos and A321XLRs that will be delivered to various airlines. Further, FedEx Express also placed an agreement with Boeing for 12 767-Freighters and 12 777-Freighters in January 2021. At list pricing, the order is worth a total of US$ 6.6 billion. This would result in a significant increase in demand for aerospace titanium blisk around the world during the forecast period (2022-2028).
MARKET PLAYERS
The report covers key developments in the Aerospace Titanium Blisk market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aerospace Titanium Blisk market are anticipated to lucrative growth opportunities in the future with the rising demand for Aerospace Titanium Blisk in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aerospace Titanium Blisk market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Starrag Group Holding AG
- Makino Milling Machine Co., Ltd.
- General Electric Company
- Makino Milling Machine Co., Ltd.
- GKN Ltd
- EDAC Technologies
- NFT Inc.
- Rolls-Royce Holdings plc
- MTU Aero Engines AG
- DMG MORI