What is Aircraft Brackets Market?
According to the AMA analysis, the worldwide aeroplane brackets market is predicted to grow at a respectable rate during the forecast period. Growing commercial aircraft production and deliveries as a result of increased passenger traffic, as well as increasing demand for wide-body aircraft as a result of the launch of next-generation wide-body models, are projected to be important factors driving the global market for aeroplane brackets. Aircraft brackets are the structures that are attached to the various components of an aircraft, as well as supporting components over the other components. A bracket is a fixed L-shaped construction that connects two vertical or horizontal surfaces. The aeroplane brackets are made to meet specific specifications and have a wide range of applications. The concept of Urban Air Mobility (UAM) has become a realistic business proposition as a result of rapid technological improvement. As traffic congestion intensifies, particularly in megacities, people are constantly looking for better and safer ways to get to work and other destinations. One of the key elements encouraging UAM is the development of electric vertical takeoff and landing aircraft.
Highlights from Aircraft Brackets Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Arconic Inc. (United States), Denroy Plastics Ltd. (United Kingdom), Precision Castparts Corp. (United States), Premium Aerotec (Germany), Sekisui Aerospace (Japan), Spirit Aerosystems Inc. (United States), Stroco Manufacturing Inc. (United States), Tri-Mack Plastics Manufacturing Corporation (England), Triumph Group Inc. (United States) and AIM Aerospace Inc (United States) |
The vendors in this market are majorly focusing on the development of new & innovative aircraft brackets to cater to the market's demand to remain competitive in the global market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aircraft Brackets market throughout the forecasted period.
Arconic Inc. (United States), Denroy Plastics Ltd. (United Kingdom), Precision Castparts Corp. (United States), Premium Aerotec (Germany), Sekisui Aerospace (Japan), Spirit Aerosystems Inc. (United States), Stroco Manufacturing Inc. (United States), Tri-Mack Plastics Manufacturing Corporation (England), Triumph Group Inc. (United States) and AIM Aerospace Inc (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Daher Socata SAS (France). Aircraft Brackets Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Fuselage, Wings, Landing gear, Engine mount, Control surfaces and Others |
Type | Class-A, Class-B and Class-C |
End Users | OEMs,Aftermarket |
Aircraft Type | Commercial Aircraft,Military,Helicopters,General Aviation,UAVs |
Material | Aluminum,Steel,Others |
On the basis of geography, the market of Aircraft Brackets 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). North America region held largest market share in the year 2022. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Innovative Technologies in 3D Printing and The Growing Demand for Lightweight Brackets
Market Growth Drivers:
Rising Commercial Aircraft Production & Deliveries Due to the Growing Worldwide Passenger Traffic and Rising Demand for Wide-body Aircraft Models Propelled by Introduction of New Wide-body Models
Challenges:
The COVID Pandemic Challenges
Restraints:
High Cost of 3D Printed Brackets
Opportunities:
The Growing Demands for Urban Air Mobility and Expected Deliveries of More than 38,000 Commercial Aircraft Across the World During the Next 20 Years
Key Target Audience
Aircraft Brackets Manufacturers, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
Market Leaders & Development Strategies
On 26th April 2022, Spirit AeroSystems, Inc. announced today an agreement with Guangzhou Aircraft Maintenance Engineering Company Limited to be the Spirit Authorized Repair Center in Mainland China., and On 11th Nov 2021, EKISUI Aerospace, a subsidiary of SEKISUI Chemical, completed an investment in Continuous Compression Molding (CCM) thermoplastics technology and equipment. The work cell is currently being installed in SEKISUI's Renton, WA facility and is expected to be operational by December 2021.
On 16th Nov 2020, Cooperation between Premium AEROTEC and GE Additive reaches a new milestone in the serial production of titanium components for the aviation industry., and In November 2019, SEKISUI America Corp. Announced that it has completed the acquisition of AIM Aerospace, based in Renton, Washington.
Analyst Comment
During the years 2020-2021, the pandemic had a substantial impact on the market for aeroplane brackets. The lockdown was triggered by an increase in instances of covid-19, which forced the suspension of several operations in the aviation sector, including air travel, manufacturing, raw material supply, and aircraft deliveries. These variables have had a significant impact on the aeroplane bracket market. There has been a decrease in aircraft deliveries, according to Airbus SE and Boeing. Airbus SE claims it was unable to deliver 130 planes because new aircraft procurement contracts were terminated owing to lower air traffic. As a result, during the epidemic, the corporation chose to reduce production by one-third.