The aerospace refers to a range of activities including production of commercial aircraft, aircraft maintenance, repair, and overhaul services, and product support and auxiliary equipment, such as radar, air traffic control towers, and satellites for civilian and commercial purposes. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. This industry also includes companies that provide modifications or conversions, repair, parts replacement, and complete overhauling and rebuilding of commercial aircraft. The types of aircraft manufactured by companies in this industry include gliders, helicopters, drones, ultra-light aircraft, passenger aircraft, and private jets. The main types of aerospace are commercial aircraft; aircraft maintenance, repair, and overhaul services; aerospace support; and auxiliary equipment. The aircraft maintenance, repair, and overhaul services include maintaining, repairing, and overhauling commercial aircraft, including helicopters, gliders, drones, aircraft turbines, aircraft engines, and rocket engines. The various sizes include wide-body, narrow-body, regional, and others that are operated in autonomous and manual mode. Aerospace is used by the government and private sector. The aerospace market research report is one of a series of new reports from The Business Research Company that provides aerospace market statistics, including aerospace industry global market size, regional shares, competitors with an aerospace market share, detailed aerospace market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace industry. This aerospace market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global aerospace market grew from $261.12 billion in 2022 to $278.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace market is expected to grow to $358.44 billion in 2027 at a CAGR of 6.5%. The overall economic growth of the emerging economies is expected to positively impact the commercial aircraft manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for air travel. The International Monetary Fund (IMF) stated that global GDP growth was 5.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the aerospace market during the forecast period. Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve aircraft safety and quality and to improve manufacturing productivity. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision-making. These technologies optimize manufacturing operations and lower costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases component life and reduces maintenance costs. Boeing has successfully built machine-learning algorithms to design aircraft and automate factory operations. Helicopter manufacturing companies are increasingly using parts produced with carbon fiber reinforced plastic composite (CFRP) material as this material provides higher strength to helicopter parts than conventional metal parts. CFRP materials enhance the strength and lower the weight of helicopters and offer higher corrosion resistance. These properties enable helicopters to handle higher loads. Major helicopter manufacturers using CFRP materials include Airbus, Boeing, and Sikorsky. Major companies in the aerospace market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, General Electric Company, Safran SA, General Dynamics, Rolls-Royce Holdings plc, Northrop Grumman Corp, Bombardier Inc., and Honeywell International Inc. North America was the largest region in the aerospace market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace market consists of sales of civilian and commercial aircraft, aircraft components, MRO services, and aerospace equipment support. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace market is segmented - 1) By Type: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment 2) By Size: Wide-Body, Narrow-Body, Regional, Others 3) By End-User: Government, Private Sector 4) By Operation: Autonomous Aircraft, Manual Subsegments Covered: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines, Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services, Commercial Radars, Satellites

Aerospace materials refer to types of materials, often metal alloys or polymeric-based materials, that have been created specifically for aircraft application and are used in a variety of aerospace components because they have enhanced qualities such as high tensile strength, superior temperature tolerance, enhanced transparency, and a hard surface. The main types of aerospace materials are aluminum alloys, steel alloys, titanium alloys, super alloys, and composites. An aluminumalloy is a chemical composition in which other elements are added to pure aluminum to improve its qualities, particularly its strength. Steel is a metal alloy that contains primarily iron with trace amounts of carbon, depending on the quality or grade of steel. Titanium alloy is a metal alloy that is predominantly composed of pure titanium with additional metals or chemical ingredients scattered throughout. Superalloys are complex, high-performance alloys that can withstand oxidizing conditions and high temperatures. A composite material is made up of two separate materials that have different physical and chemical properties. Aerospace materials are used for a variety of aerospace components, in the construction of aircraft parts such as airframes, windows, interiors, engine components, propulsion systems, mirrors, and ceilings. The aerospace materials market research report is one of a series of new reports from The Business Research Company that provides aerospace materials market statistics, including aerospace materials industry global market size, regional shares, competitors with an aerospace materials market share, detailed aerospace materials market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace materials industry. This aerospace materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aerospace materials market size grew from $19.68 billion in 2022 to $20.46 billion in 2023 at a compound annual growth rate (CAGR) of 3.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace materials market size is expected to grow to $25.69 billion in 2027 at a CAGR of 5.9%. The increasing demand for lightweight and fuel-efficient aircraft will propel the growth of the aerospace materials market. The growing requirement for fuel-efficient aircraft to fulfill strict pollution control standards raised the demand for lightweight aircraft. Aerospace materials are lower in weight than traditional metals, yet have great strength, which helps to reduce the overall weight of aircraft and so aids in meeting emission limits and improving fuel efficiency. For instance, according to the General Aviation Manufacturer's Association, an aviation industry trade association, HondaJet, a light business jet produced by the Honda Aircraft Company, became the world's best-selling light aircraft for the fourth year in a straight, with 31 deliveries completed in 2020. In the second half of 2020, the company delivered 22 units, three more than in 2019. The rising demand for lightweight and fuel-efficient aircraft will further drive the growth of the aerospace materials market. The development of carbon fiber composites for making various aerospace structures and parts is an emerging trend in the aerospace materials market. Carbon fiber is a material composed of carbon atoms arranged in long, thin crystals that can be molded with epoxy into practically any shape, even designs that are impossible to achieve with metals or without welding many sections together and creating weak points. Due to the lightweight, durable, corrosion-resistant, and temperature-resistant properties of carbon fiber, manufacturers of aerospace materials are focused on developing carbon fiber structures for various aerospace applications. For instance, in August 2021, Markforged, a US-based additive manufacturing company specializing in the development and manufacturing of digtal forge, launched Onyx FR-A and Carbon Fiber FR-A based on fiber reinforcement technology. These two materials are lightweight, efficient to reduce fuel consumption and improve engine performance, and used in various parts of aircraft interiors. In November 2021, Collins Aerospace, a US-based defense and aircraft product manufacturing company, acquired Dutch Thermoplastic Components B.V. for an undisclosed amount. Through this acquisition, Collins will expand the use of cutting-edge thermoplastics to make airplanes lighter and more economical to run, and it will emphasize our commitment to utilizing cutting-edge materials and procedures, weight reduction for improved reliability, fuel efficiency, and environmentally friendly practices throughout the entire product lifecycle. Dutch Thermoplastic Components B.V. is a Netherlands-based company pioneering in the development and manufacturing of structural thermoplastic composite parts for aircraft structures. Major players in the aerospace materials market are Toray Industries, Inc., DuPont de Nemours, Inc., Aleris International, Hexcel Corporation, Alcoa Corporation, Koninklijke Ten Cate BV, Arkema S.A., Cytec Solvay Group, Arconic Inc., (Alcoa Corp.), SABIC, NOVELIS, Gurit, Constellium N.V, Cytec Solvay Group, WS Atkins plc, Teijin Limited, and Hyosung Advanced Materials. Europe was the largest region in the aerospace materials market in 2022. The regions covered in the aerospace materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the aerospace materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aerospace materials market consists of sales of graphene, polymer composites, glass-fiber-reinforced plastic, carbon fiber, and glass- and aramid-reinforced epoxy. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace materials market is segmented - 1) By Type: Aluminum Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composites 2) By Aircraft Type: Commercial Aircraft, Business and General Aviation, Civil Helicopters, Military 3) By Application: Aero Structure, Components, Cabin Interiors, Propulsion System, Equipment, System, and Support, Satellites, Construction and Insulation Components

Aerospace bearings refer to aerospace components that are used to reduce load and friction between the moving or rotating parts. The aerospace bearings reduce the radial and axial force in an aircraft. They also facilitate the movement of seats, doors, and other components of engine management systems and flight control systems without any failure. The main types of bearings in aerospace bearings are plain bearing, roller bearing, ball bearing, and others. Plain bearings are employed in a variety of aerospace applications to improve fuel efficiency, increase maintenance intervals, and reduce carbon emissions. Installation in aircraft wing systems, flight controls, cockpit controls, and auxiliary power units are all considered in these systems. The various materials used are stainless steel, fiber-reinforced composites, engineered plastics, ceramics, and alloys that are used in different applications such as landing gear, cockpit control, aerostructure, aircraft systems, engine and APU systems, doors, aircraft interiors. The aerospace bearings research report is one of a series of new reports from The Business Research Company that provides aerospace bearings statistics, including aerospace bearings industry global market size, regional shares, competitors with aerospace bearings share, detailed aerospace bearings segments, market trends and opportunities, and any further data you may need to thrive in the aerospace bearings industry. This aerospace bearings research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global aerospace bearings market size grew from $6.76 billion in 2022 to $7.39 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace bearings market size is expected to grow to $10.01 billion in 2027 at a CAGR of 7.9%. The increasing focus on the green aerospace sector is significantly contributing to the growth of the aerospace bearings market. Green aerospace focuses on increasing aircraft fuel economy and developing new technologies and systems to achieve a global future of carbon-neutral air transportation. Major aerospace Bearing manufacturers are focused on developing fuel-efficient bearings to shift the market demand towards low emission products. For instance, in September 2020, Airbus, a Netherlands-based aerospace company revealed the world’s first zero-emission commercial aircraft concept codenamed “ZEROe” to achieve zero-emission flight by 2035. It mainly relies on the use of hydrogen as a primary power source. Therefore, the focus on the green aerospace sector is expected to propel the growth of the aerospace bearings market going forward. Technological advancement has emerged as a key trend gaining popularity in the aerospace bearings market. Major companies operating in the aerospace bearings sector are focused on developing new technological solutions to meet consumer demand. For instance, in January 2021, NSK Ltd., a Japan-based manufacturer of bearings developed a new machine tool bearing technology that reduces run-in time, makes spindle assembly easier, and also improves reliability. This technology reduces temperature rise under oil-air lubrication and improves cage strength. It is more durable and reliant. In December 2020, The Timken Company, a US-based bearings manufacturing company acquired Aurora Bearing Company for an undisclosed amount. This acquisition aided Timken in advancing its aim of establishing a leadership position in designed bearings and expanding the company's product line to include complementary goods. Aurora Bearing Company is a US-based company that manufactures aerospace bearings. Major players in the aerospace bearings market are AST Bearings, Enpro Industries, JTEKT Corporation, Kaman Corporation, New Hampshire Ball Bearings Inc., National Precision Bearing, RBC Bearings Incorporated, SKF Group, Schaeffler AG, NTN Corporation, The Timken Company, Pacamor Kubar Bearings, Regal Rexnord Corporation, Schatz Bearing Corp., and HKT BEARINGS Limited. North America was the largest region in the aerospace bearings market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace bearing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the aerospace bearings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The aerospace bearings market consists of sales of aircraft track rollers, airframe control bearings, spherical bearings, rod end bearings, instrument bearings, and thrust bearings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace bearings market is segmented - 1) By Bearing Type: Plain Bearing, Roller Bearing, Ball Bearing, Others 2) By Material: Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, Ceramics, Alloy 3) By Application: Landing Gear, Cockpit Control, Aerostructure, Aircraft Systems, Engine And APU Systems, Doors, Aircraft Interiors

Aerospace composites refer to superior materials used to make effective aircraft components and enhance the performance of commercial and military aircraft. Aerospace composites have superior physical properties and exceptional strength and stiffness-to-density ratios. Composites can be manufactured in different shapes, which reduces corrosion resistance and material wastage. The main types of aerospace composites include carbon fiber composites, ceramic fiber composites, glass fiber composites, and others. Carbon composites are a broad class of materials in which carbon structures are spread throughout a material. They offer strength and stiffness while keeping them relatively lightweight. Ceramic composites offer excellent temperature stability, damage-tolerant fracture behavior, low density, good corrosion, high hardness, and wear resistance. Glass fiber composites offer flexibility, high strength, stiffness, and durability. Aerospace composites are mainly used in commercial aircraft, business and general aviation, civil helicopters, military aircraft, and others. The two major types of applications of aerospace composites are interior and exterior. Aerospace composites are manufactured through AFP/ATL, the lay-up process, resin transfer molding process, filament winding process, and other processes. Resins used for aerospace composites include benzoxazine, cyanate ester, bismalimide, ceramic and metal matrix, thermosetting resins, polyester, and others. The aerospace composites market research report is one of a series of new reports from The Business Research Company that provides aerospace composites market statistics, including aerospace composites industry global market size, regional shares, competitors with an aerospace composites market share, detailed aerospace composites market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace composites industry. This aerospace composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global aerospace composites market size grew from $26.25 billion in 2022 to $29.95 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace composites market size is expected to grow to $51.83 billion in 2027 at a CAGR of 14.7%. The increase in demand for high-strength and lightweight composite materials is expected to drive the aerospace composites market. Energy efficiency can be increased, and fuel consumption can be reduced by using lightweight materials and thereby reducing the mass of the aircraft, as a lower mass requires less lift force and thrust during flight. Lightweight design helps in reducing the carbon footprint, higher structural strength and stiffness, flight performance improvements such as better acceleration, and better safety performance. For instance, according to the report ‘2020 State of the Industry Report’ by the Composites Manufacturing Magazine, a US-based magazine related to composite manufacturing, the US composite end products market is expected to touch $33.4 billion by 2025 at a growth rate of 3.8% with glass fiber-based composites dominating the market. Therefore, increasing use of lightweight materials positively impacts the aerospace composites market's growth. Companies in the aerospace composites market are focusing on technological advancement to accelerate and develop composite material and process technologies for the next generation of energy-efficient aircraft and future mobility. Airlines are trying to replace outdated aircraft with technologically advanced and modern aircraft. These new aircraft are equipped with increased payload capacities and cost-efficiency. As a result of this, there is widespread adoption of aerospace composites across the globe. For example, in March 2021, GKN Aerospace, a UK-based company involved in the automotive and aerospace components business, launched a consortium called ASCEND (aerospace and automotive supply chain enabled development). With this launch, the UK has become a technology leader in future lightweight structures. It also helps to reduce carbon emissions and energy consumption in the aerospace industry. In September 2020, private investment firm Architect Equity acquired the Aerospace Composites Division of AAR Corp., a company engaged in providing aerospace and defense aftermarket solutions, for an undisclosed amount. Through this acquisition, Architect is expected to design and manufacture complex aerospace products with AAR Corp. and pursue new opportunities in the composites manufacturing space. The aerospace composites division will do business as Aeromatrix Composites. Aeromatrix is a US-based company that designs, fabricates, and assembles composite products and solutions for customers in the commercial aerospace and defense industries. Major players in the aerospace composites market are Solvay, Toray Industries Inc., Mitsubishi Chemical Holdings, Hexcel Corporation, Teijin Limited, SGL Group, Spirit AeroSystems, Materion Corporation, Owens Corning, Spirit AeroSystems Inc., LEE Aerospace Inc., Gurit Holding AG, General Electric Corporation, Rolls-Royce Motor Cars Ltd., Kineco-Kaman Composites, and Nippon Graphite Fiber Corporation. North America was the largest region in the aerospace composites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aerospace composites market consists of sales of aramid-reinforced epoxy, and boron-reinforced aerospace composites.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace composites market is segmented - 1) By Fiber Type: Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites, Others 2) By Aircraft Type: Commercial Aircraft, Business & General Aviation, Civil Helicopter, Military Aircraft, Others 3) By Manufacturing Process: AFP/ATL, Lay-Up Process, Resin Transfer Moulding Process, Filament Winding Process, Others 4) By Resin Type: Benzoxazine, Cyanate Ester, Bismalimide, Ceramic and Metal Matrix, Thermosetting Resins, Polyester, Others 5) By Application: Interior, Exterior

Aerospace fasteners refer to raw materials such as screws, and pins, which mechanically fix or join two or more components of an aircraft together. They are durable and secure and aid in enhancing the aircraft’s efficiency while reducing its overall weight. They are commonly manufactured using aluminum, titanium, and steel, owing to the high tensile/shear strength and corrosion resistance of these metals. The aerospace fasteners market consists of sales of anchors, locking bolts, hex bolts, and collars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The main product types in the aerospace fasteners market are screws, nuts and bolts, washers, and rivets. Screws are generally made of lower-strength materials and can be installed with a loose-fitting thread, and the head shapes are made to engage a screwdriver or wrench. By platform, aerospace fasteners are used in fixed-wing aircraft and rotary-wing aircraft. The main materials used for aerospace fasteners are aluminum, titanium, and alloy steel. The use of aerospace fasteners can be seen in commercial and defense applications. The aerospace fasteners market research report is one of a series of new reports from The Business Research Company that provides aerospace fasteners market statistics, including aerospace fasteners industry global market size, regional shares, competitors with aerospace fasteners market share, detailed aerospace fasteners market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace fasteners industry. This aerospace fasteners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global aerospace fasteners market size grew from $6.65 billion in 2022 to $7.33 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The aerospace fasteners market size is expected to grow to $10.32 billion in 2027 at a CAGR of 8.9%. The global air travel industry has increased rapidly as the standard of living of people has improved and their disposable income has also gone up over a period of time. For instance, according to the International Civil Aviation Organization, passenger traffic and freight volume are expected to double by 2035. Thus, increased demand for air travel pushed aircraft manufacturing, driving the aerospace fasteners market. The increase in use of super alloys is a key trend gaining popularity in the aerospace fastener market. Super alloys have high mechanical strength, resistance to thermal creep deformation, good surface stability, and resistance to corrosion or oxidation. For instance, SPS Technologies has adopted the super alloys and developed the MP35N as the first fastener superalloy. It provides the unique combination of high strength and outstanding corrosion resistance, with a 750  °F temperature capability. In 2020, TriMas Corp., a USA-based company, acquired Simi Valley for $8.5 billion. TriMas is a global manufacturer and provides products for customers in the aerospace, industrial, petrochemical, and oil and gas markets. This acquisition will help TriMas grow in the aerospace business and enhance their portfolio of products. This acquisition is estimated to add close to $3.2 billion in revenue to TriMas. Major players in the aerospace fasteners market are NAFCO, LISI Aerospace, MS Aerospace, Trimas, PCC, National Aerospace Fasteners Corporation, TFI Aerospace Corporation, TPS Aviation Inc., Stanley Black & Decker Inc. (United States), Alcoa, 3V Fasteners Company Inc., B & B Specialities Inc., Stanley Black & Deck Inc., Wurth Group (Germany), Howmet Aerospace Inc. (United States), and Arconic. Europe was the largest region in the aerospace fasteners market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace fasteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace fasteners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global aerospace fasteners market is segmented - 1) By Product: Screws, Nuts and Bolts, Washers, Rivets 2) By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft 3) By Material: Aluminium, Titanium, Alloy Steel 4) By End-Use: Commercial, Defence

Aerospace tapes refer to tapes used to create optimal surfaces to protect the aircraft composite molding. The aerospace tape is used for bonding, insulation, and sealing of aircraft's sensitive equipment and aircraft structures. These increase the lifespan of an aircraft's infrastructure and equipment and reduce the maintenance cost by protecting against vibrations, corrosion, and fluids. The main resin types of aerospace tapes are acrylic, rubber, silicone, and other resin types. Acrylic refers to a kind of plastic, fabric, fiber, or paint that's made from acrylic acid. The various backing materials include paper or tissue, film, foam, and other backing material. The various end-users include commercial aviation, military aviation, and general aviation. The aerospace tapes market research report is one of a series of new reports from The Business Research Company that provides aerospace tapes market statistics, including aerospace tapes industry global market size, regional shares, competitors with an aerospace tapes market share, detailed aerospace tapes market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace tapes industry. This aerospace tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aerospace tapes market size grew from $2.15 billion in 2022 to $2.19 billion in 2023 at a compound annual growth rate (CAGR) of 2.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace tapes market size is expected to grow to $2.52 billion in 2027 at a CAGR of 3.5%. The growing demand for commercial aircraft is expected to propel the growth of the aerospace tape market going forward. Commercial aircraft refers to a non-military aircraft that transports people or cargo. Aerospace tapes and other equipment are used to eliminate various dangers and maintain and repair commercial aircraft. For instance, in 2021, the Boeing Company, a US-based commercial aircraft, as well as defense, space, and security system manufacturer, and Airbus, a Netherlands-based company that specializes in offering services related to aviation, defense, and space, in the fourth quarter of 2021, delivered 99 and 187 commercial jets, compared to 59 and 225 deliveries, respectively, in Q4 2020. Boeing delivered 340 aircraft for the entire year 2021, as opposed to 157 and 380 in 2020 and 2019, respectively. With 611 aircraft delivered in 2021, Airbus took first place in deliveries for the third consecutive year. Delivery numbers increased from 566 in 2020. Therefore, the growing demand for commercial aircraft is driving the aerospace tape market. Product innovation has emerged as a key trend gaining popularity in the aerospace tape market. Major companies operating in the aerospace tape market are focused on developing innovative products to strengthen their position. For instance, in May 2021, Intertape Polymer Group, a Canada-based manufacturer of aerospace tapes launched a unique flame-retardant polyethylene tape called PEFR. Aggressive rubber adhesive from PEFR is specially designed to produce a conformable, watertight seal as well as an additional layer of fire and flame resistance, making it perfect for use with fabrics, surface protection, and flame-retardant films. In April 2021, SWM International, a US-based performance materials company, acquired Scapa Group Ltd. for an undisclosed amount. With this acquisition, Scapa adds to SWM’s already extensive portfolio of precision-engineered performance materials to deliver best-in-class integrated solutions to customers. Scapa Group Ltd. is a UK-based global manufacturer of adhesive-based products that includes aerospace tapes. Major players in the aerospace tapes market are 3M Company, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Scapa Group plc, Intertape Polymer Group Inc., Compagnie de Saint-Gobain S.A., Berry Global Inc., Advance Tapes International Ltd., Mask-Off Company Inc., Stokvis Tapes Group BV, DeWAL Industries Inc., MBK Tape Solutions, GERGONNE - The Adhesive Solution and American Biltrite Inc. North America was the largest region in the aerospace tapes market in 2022. Latin America is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The aerospace tapes market consists of sales of aerospace tapes by materials such as epoxy, polyamide and vinyl ester. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace tapes market is segmented - 1) By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types 2) By Backing Material: Paper/Tissue, Film, Foam, Other Backing Material  3) By End User: Commercial Aviation, Military Aviation, General Aviation

Aerospace robotics refers to programmable machines that assist humans in the construction of aircraft engines, performing tasks such as drilling and painting airframes, among others. The aerospace robotics enhance the performance and productivity of predefined operations in the aerospace sector. The main types of aerospace robotics include articulated, cartesian, and other types. Articulated robots are equipped with two or more rotary joints, support circular movements, and are used in the aircraft manufacturing process. The different applications of aerospace robotics are drilling, welding, painting, inspection, and others. The different aerospace robotics components include controllers, sensors, drive, arm processor, and end effector with technologies including conventional and collaborative and aerospace robotics payloads including small-medium payload robots, large payload robots, and extra-large payload robots. The aerospace robotics research report is one of a series of new reports from The Business Research Company that provides aerospace robotics statistics, including aerospace robotics industry global market size, regional shares, competitors with aerospace robotics share, detailed aerospace robotics segments, market trends and opportunities, and any further data you may need to thrive in the aerospace robotics industry. This aerospace robotics research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aerospace robotics market size grew from $3.38 billion in 2022 to $3.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace robotics market size is expected to grow to $5.54 billion in 2027 at a CAGR of 10.7%. The increase in commercial air traffic is expected to drive the aerospace robotics market during the forecast period. Aerospace robotics offer high precision and performance in the construction of aircraft engines, drilling and painting airframes, precise fiber cutting and placement. The growing middle-class population and the emergence of low-cost airlines offering competitive prices in developing economies is expected to contribute to airline activity, thus increasing demand for aircrafts during the period. For instance, according to Boeing’s 2020-2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030, from the pre-pandemic levels, creating demand for an additional 2,200 new commercial aircrafts in the next 20 years in India, thus driving the aerospace robotics market during the period. Companies in the aerospace robotics market are focusing on technological advancement to accelerate and develop robotics and process technologies for the next generation of energy-efficient aircrafts. The aerospace industry rapidly adopts novel technologies such as the integration of robotics with 3D visualization, Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions to enhance the performance and productivity of predefined operations in the aerospace sector. In addition, robotic technology complements human-robot collaboration and reduces the turnaround time of the manufacturing process. For instance, in February 2021, Ai Build, a UK-based AI robotic 3D printing developer raised $1 million to scale its AI-based robotic technology to global aerospace and automotive sectors and speed up the large-scale 3D printing across these sectors. Through robotic systems with cloud-based software AiSync, it enables a large-scale 3D printing in aerospace and automotive sectors. In July 2021, ABB Group, a Swiss digital technologies company, acquired ASTI Mobile Robotics Group (ASTI), for an undisclosed amount. This acquisition adds ABB’s robotics and machine automation solutions, giving it a strong automation portfolio for the next generation of flexible automation. ASTI Mobile Robotics is a robotics company specialized in automation solutions with automated guided vehicles and autonomous mobile robots for different industries including aerospace. Major players in the aerospace robotics market are Kuka AG, Abb Group, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd., Apex Automation And Robotics, Nachi-Fujikoshi Corp., Stäubli, Omron Adept Technology, Inc., Mitsubishi Electric Corporation, Jh Robotics, Inc., M Torres, Comau, MTM Robotics and Honeybee Robotics. North America was the largest region in the aerospace robotics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aerospace robotics market consists of sales of robots to aid in aerospace operations such as manufacturing, and inspection.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace robotics market is segmented - 1) By Type: Articulated, Cartesian, Other Types 2) By Application: Drilling, Welding, Painting, Inspection, Other Applications 3) By Technology: Conventional, Collaborative 4) By Component: Controller, Sensors, Drive, Arm Processor, End Effector 5) By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots

The aerospace support and auxiliary equipment refers to support and auxiliary equipment used in aerospace to support operations such as air traffic control towers. The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment’s warranty period. The main types of aerospace support and auxiliary equipment are commercial radars and satellites. A commercial radar is a detection system used to detect the presence, direction, distance, and speed of an aircraft. The various forms of ownership include private, public, and involve several platforms such as airborne, land, naval, and space. The aerospace support and auxiliary equipment market research report is one of a series of new reports from The Business Research Company that provides aerospace support and auxiliary equipment market statistics, including aerospace support and auxiliary equipment industry global market size, regional shares, competitors with an aerospace support and auxiliary equipment market share, detailed aerospace support and auxiliary equipment market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace support and auxiliary equipment industry. This aerospace support and auxiliary equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global aerospace support and auxiliary equipment market grew from $31.3 billion in 2022 to $33.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace support and auxiliary equipment market is expected to grow to $41.14 billion in 2027 at a CAGR of 5.1%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins. This allows companies to expand production and increase product portfolios, thus driving the growth of the aerospace support and auxiliary equipment market. The Multi-Function Radio Frequency System (MFRFS) is increasingly being used for operational radar frequency ranges towards applications for broadband. The MFRFS is an electronically scanned radar system that can detect and track threats at a wider range. The increased frequency range improves survivability for combat missions when there is no visibility in both horizontal and vertical directions (zero-zero visibility). It also provides additional electronic warfare functionalities and gives the pilots the ability to land safely in adverse conditions. Raytheon and NCS are manufacturing radars with MFRFS technology. Major companies in the aerospace support and auxiliary equipment market include Lockheed Martin, Northrop Grumman, Raytheon, Reutech Radar Systems, and Rockwell Collins. Asia-Pacific was the largest region in the aerospace support and auxiliary equipment market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace support and auxiliary equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in aerospace support and auxiliary equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace support and auxiliary equipment market consists of sales of aerospace support and auxiliary equipment such as radars, and air traffic control towers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace support and auxiliary equipment market is segmented - 1) By Type: Commercial Radars, Satellites 2) By Ownership: Public, Private 3) By Platform: Airborne, Land, Naval, Space Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite