Aircraft Fastener Role in Completion of Aircraft
Of the six million parts that are used to make a Boeing 747-800, aircraft fasteners contribute to half of that number. Fasteners play a vital role in the overall construction and completion of aircraft. They are used to assemble and hold together various components in primary structure areas, pressurized/non pressurized applications, and to transfer loads from one part to another. A wide variety of fasteners are used in the construction of an aircraft, such as nuts, bolts, screws, clamps, rivets, and many more.
Seat installation involves the most prevalent application of fasteners used in the build of aircraft interiors. The fasteners used in aircraft interiors are constructed from an array of materials: steel, aluminum, plastics, alloys, composites, and others. Aluminum alloys have been the standard and preferred material for fasteners because of their strength, lightweight construction, and superb heat and corrosion resistance. Plastic and composite fasteners are also on the rise due to better technology that has improved their strength and lightweight properties. The development of lightweight fasteners has created strategic partnerships with aircraft part manufacturers and aircraft companies, allowing some to gain a competitive edge in the market.
The market for fasteners is growing at an incredible pace and is projected to be worth $2.8 billion by 2023. The increase in air passenger traffic globally throughout the world is fueling triggering the rising production rates of aircraft. Accordingly, the need for airline fleet expansion is a key factor contributing to the sustainable growth platform of the aircraft fasteners market. During the five-year forecast period, commercial aircraft are expected to be the driving force behind this healthy growth. Boeing and Airbus are currently developing and fulfilling orders for commercial aircraft in order to meet the ever-growing demand of air travel.
North America is anticipated to remain the largest market for interior fasteners through 2023. This region is the leading manufacturing hub of the aerospace industry with many high tier fastener manufacturers. China and India are also experiencing substantial growth in the air passenger and freight traffic industry. This is attractive to fastener manufacturers as some corporations are looking to open manufacturing plants in those regions. The two nations have also increased their defense budgets, which will create a steady demand for fasteners in these countries in the coming years.
The market for fasteners is growing at an incredible pace and is projected to be worth $2.8 billion by 2023. The increase in air passenger traffic globally throughout the world is fueling triggering the rising production rates of aircraft. Accordingly, the need for airline fleet expansion is a key factor contributing to the sustainable growth platform of the aircraft fasteners market. During the five-year forecast period, commercial aircraft are expected to be the driving force behind this healthy growth. Boeing and Airbus are currently developing and fulfilling orders for commercial aircraft in order to meet the ever-growing demand of air travel.
North America is anticipated to remain the largest market for interior fasteners through 2023. This region is the leading manufacturing hub of the aerospace industry with many high tier fastener manufacturers. China and India are also experiencing substantial growth in the air passenger and freight traffic industry. This is attractive to fastener manufacturers as some corporations are looking to open manufacturing plants in those regions. The two nations have also increased their defense budgets, which will create a steady demand for fasteners in these countries in the coming years.
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