Aerospace Fasteners Market worth $7.73 Billion by 2021

1. Aerospace Fasteners Market worth $7.73 Billion by 2021 The aerospace fasteners market is projected to grow from USD 5.49 billion in 2016 to USD 7.73 billion by 2021, at a CAGR of 7.08% during the forecast period 2016 to 2021. The market has been segmented into five key segments based on aircraft type, end user type, material type, product type, and application. On basis of product type, the market is segmented into rivets, screws, nuts & bolts, and others. Based on end user, the market is segmented into commercial aviation and defense. With respect to aircraft type, the market is segmented into narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, business jets, and fighter jets. Based on application, the market is segmented into cabin interiors, fuselage, and control surfaces. The increasing number of aircraft orders and growing demand for precision made fasteners are some of the key factors expected to drive the aerospace fasteners market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=260904137 Browse 90 market data Tables and 76 Figures spread through 156 Pages and in-depth TOC on "Aerospace Fasteners Market" https://www.marketsandmarkets.com/Market-Reports/aerospace-fastener-market-260904137.html Early buyers will receive 10% customization on reports. LISI Group is one of the leading players in the aerospace fasteners market. It operates through three business segments: automotive (LISI Automotive), medical (LISI Medical), and aerospace (LISI Aerospace). The company’s aerospace segment is engaged in manufacturing of fasteners which include blind fasteners, externally and internally threaded, sleeved pin, lockbolt, safety locking and tooling.The company has been working on industrialization of new products associated with various advanced programs, such as the new GE and LEAP engines, or even the structure of the A350 and A320 Neo aircraft, which is expected to gain market value coupled with brand value in the market. The company’s major technological breakthrough was made possible by disabling two technological barriers in the fastening systems, that is, the development of a new CLY62 temporary fasteners which is compact and compatible with robotization along with the development of OPTIBLIND blind structural fastener solution, which is capable of meeting all relevant areas of performance of traditional dual access fasteners. Wide body aircraft segment is expected to witness the highest growth in aerospace fasteners market during the forecast period. According to Boeing, the demand for wide body aircraft is expected to

2. witness strong growth across the globe over the next ten years on account of increasing connectivity between important geographical locations of developing and developed regions. New product development is one of the key strategies implemented by the major players to expand their product portfolio with advanced products so as to capture a major market share in the near future. The aerospace fasteners market is anticipated to witness the highest growth in Asia-Pacific region during the forecast period. The aerospace fasteners market is on a rise in this region due to aircraft manufacturers in China and Russia. Also the rise in component manufacturers in Japan, India and China contribute as major factors for growth in the aerospace fasteners market. Considering the emerging economies, increased air travel and rising demands for aircraft in the Asia-Pacific region, it is projected to be the fastest growing market during the forecast period. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=260904137 About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Company: MarketsandMarkets Contact: Mr.Shelly Singh Phone: 1-888-600-6441