Asia Pacific aerospace pressure bulkhead market is anticipated to observe highest growth over the forecast timespan. Risisng aircraft fleet to support increasing passenger flow in countries including China, India, Japan and South Korea is the main factor propelling regional industry share. Opening of assembly facilities of Airbus and Boeing for A330, A320 and B737 aircraft programs will stimulate product demand.
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Major material type includes metal based products, which accounts account for the largest aerospace pressure bulkhead market share during the forecast time period. Other promising material such as composite based products provide brilliant strength to weight ratio at a relatively low rate and are technically futuristic. For instance, metal based are standard in the old programs including B747 & B737 and composite based are used in all generation aircrafts.
Based on shape, flat shape is predicted to be the fastest growing segment. Flat form is typically found at front location of aircrafts including B737, however, it is even found at the rear location with an aim to increase interior space. Surge in the use of next generation technologies is one of the key factor fueling aerospace pressure bulkhead market expansion over the forecast timeframe.
Aircraft type market segmented includes wide body, narrow body, very large, regional and business jet. Among these, narrow aircraft is expected to hold major industry share due to the presence of its high-tech fuel efficient next generation engines. Additionally, growing commercial aircraft manufacturing to support large number of passenger and freight traffic will boost aerospace pressure bulkhead demand.
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North America holds largest market share in 2016 owing to its increased usage of narrow body aircraft and high focus on passenger safety. Presence of key manufacturing companies in the region add up to sales profits demographically. Moreover, introduction of advanced supply chain network comprising raw material suppliers, distributors, aircraft OEMs and airline companies will boost regional aerospace pressure bulkhead market growth.
Increasing demand for light weight aircrafts components to attain fuel efficiency will significantly propel business expansion. Shifting focus on cutting down overhead cost and build more space for passenger comfort will enhance product penetration. Aviation regulations to reduce pollutant emission for passenger safety in case of fire will be a key factor boosting aerospace pressure bulkhead market growth.
However, product manufacturing processes are very expensive & complex tasks that acts as a constraint towards industry growth. Uncertainties arise in correspondence of load states as the lateral maneuvers with high twisting moments. In correspondence of negative compression gradients consisting loss of aircraft altitude will further pose a challenge for aerospace pressure bulkhead market participants.
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Global aerospace pressure bulkhead market share is consolidated due to the presence of key and technologically advanced manufacturing companies. Key industry players include Airbus Group, Bombardier, Spirit Aerosystems, RUAG Holding, Aernnova Aerospace, Premium Aerotech and Kawasaki Heavy Industries.
Other prominent participants are Triumph Group, AVIC SAC Commercial Aircraft Company, Mitsubishi Heavy Industries, Embraer, Boeing, HCL Technologies, Saertex Group, Ametek, Extramet and OMPM. Industry participants are increasingly targeting developing economies & applying different approaches to enhance their industry share. Evolving lightweight products, formation of long term contracts & collaboration with OEMs are key strategies adopted by industry participants to gain competitive edge.