About Aerospace Blisks
The global aerospace inconel blisk market is expected to grow at a significant rate during the forecast period, according to the AMA study. Blisk can be defined as a combination of a disk and blade in one piece as a product which is used as one of the major components of different types of aircraft engine. The growing aircraft engine production propelled by rising global aircraft production & fleet is expected to be one of the major drivers for the industry.
Attributes | Details |
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Study Period | 2018-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing new and innovative aircraft engine blisks to cater to the industry demands in order to remain competitive in the global market. For instance, in April 2018, MTU Aero Engines announced that it has expanded its high-tech facility in Poland’s Aviation with an increase in headcount by 25 percent and the addition of new, cutting-edge technologies for production to ramp-up its production. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aerospace Blisks market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GKN Aerospace Services Limited (United Kingdom), Superalloy Manufacturing (United States), Turbocam International (United States), AML (Sheffield) Ltd (United Kingdom), MTU AERO ENGINES AG (Germany), ITP Aero (Spain), PM-GROUP (Netherlands), Hanwha Group (South Korea) and TECT Corp (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Starrag Group (Switzerland), Tusas Engine Industries, Inc (Turkey), Sandvik Coromant (Sweden) and GE (United States).
Segmentation Overview
AMA Research has segmented the market of Global Aerospace Blisks market by Type (External Blisks and Internal Blisks), Application (Turbojet, Turboprop, Turbofan and Turboshaft) and Region.
On the basis of geography, the market of Aerospace Blisks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fit, the sub-segment i.e. Line Fit will boost the Aerospace Blisks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metals & Alloys will boost the Aerospace Blisks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Aircraft, the sub-segment i.e. Commercial will boost the Aerospace Blisks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Process, the sub-segment i.e. CNC Milling will boost the Aerospace Blisks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Lightweight Material-based Components for Reduction of Overall Weight
Market Growth Drivers:
The Rising Global Aircraft Production & Fleet Propelling the Demand for Aircraft Engine Components, Increasing Demand for Superalloy Blisks and Growing Concerns to Reduce the Number of Components in an Aircraft Engine is Boosting the Requirement of Blisks as it is the Combination of Blades & Disk Both
Challenges:
High Installation & Replacement Cost
Restraints:
Complicated and Precise Manufacturing
Opportunities:
Expected Deliveries of More Than 38,000 Commercial Aircraft During the Next 20 Years will Create Huge Opportunities for Market Vendors During the Forecast Period
Market Leaders and their expansionary development strategies
In November 2019, ITP Aero announced that it has opened a new manufacturing facility in Biscay, Spain for the manufacturing of aircraft engine external components which include the external blisks as well
Analyst View
The players of this market are focused towards catering new requirements of new generation aircraft models and growing aircraft fleet by developing suitable blisk solutions to meet the industry's demands.
Key Target Audience
Aircraft OEMs, Aerospace Blisk Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.