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Hardware Components Dominate the Aerospace and Defense C-Class Parts Market

Hardware Components Dominate the Aerospace and Defense C-Class Parts Market

Hardware Components Dominate the Aerospace and Defense C-Class Parts Market

C-class parts are small in size and have low cost, but are one of the most critical components used in an aircraft. They are situated across the aircraft including fuselage, wings, landing gear fittings, control surfaces, flight control actuating systems, and air-intake areas near the engine.

Hardware components constitute nearly half of the c-class parts used in the aircraft industry and constitute parts including fasteners, bolts, screws, nuts, rivets, springs, valves, washers, etc. Fasteners, the largest category of hardware components, include a wide range of highly engineered aerospace parts that are designed to hold together two or more components.

Bearings mainly include airframe control bearings, rod ends, ball bearings, needle roller bearings, bushings, and precision bearings. Electronic components include mainly connectors, relays, switches, circuit breakers, and lighted products. Machined parts mainly include brackets, milled parts, shims, stampings, and turned parts.

Changing dynamics in the global aerospace and defense industry have an impact on the c-class parts market. For instance, major OEMs, such as Boeing and Airbus are incorporating high amount of composite materials in their next generation aircraft.

Composites rich aircraft generally require fewer c-class parts than an aircraft made of traditional non-composite materials. The parts used in next generation aircraft are generally priced higher than c-class aerospace parts used in non-composite aircraft structures.

The global aerospace & defense c-class parts market offers a healthy growth opportunity of 4.4% CAGR during the forecast period of 2016 to 2021 and reach US$ 12.1 billion. Increasing commercial and regional aircraft deliveries, technology advancement, and growing aerospace & defense fleet size are the key drivers in the global aerospace & defense market.

Hardware components dominate the global aerospace & defense market in 2015, followed by bearings, electronic components, and machined parts. North America is expected to remain the leading region in the aerospace & defense c-class parts market since it is the manufacturing hub of major tier players and aerospace & defense OEMs.

The supply chain of this market comprises raw material manufacturers, c-class part manufacturers, distributors, tier players, aerospace OEMs, and airline companies. The key distributors are Wesco Aircraft, Kellstrom industries, and Aviall Services and the key aerospace OEMs are Boeing, Airbus, Comac, Bombardier, Embraer, ATR, Lockheed Martin, Cessna, and Gulfstream.

The key aerospace & defense c-class part manufacturers are Precision Casts Parts (PCC) Fasteners, Arconic Fastening Systems, Lisi Aerospace, RBC Bearings, Stanley Black & Deker, Eaton Corporation, and Amphenol Corporation. New product development, collaboration with tier players and OEMs, and long term contacts are the key strategies adopted by the major players to gain competitive edge in the market.

The Hybrid Future OF Aerospace

aerospace

When it comes to environmental impacts, the global aviation industry accounts for a mere 2% of greenhouse gas emissions. Nevertheless, there is a growing environmental concern. Since 1990, the industry has witnessed an 83% rise in emission levels.

The primary reason for this has been the increasing number of fossil fuel-powered aircraft taking to the skies. Gaseous emissions, however, cannot be singled out as the sole environmental impact.

Water vapor emissions at high altitudes brings about a phenomenon called contrails. These residual plumes of exhaust contribute to the global warming effect by trapping heat emanating from the Earth’s surface.

While the adverse effects on the environment and stringent environmental regulatory standards are a major motive, they are not the only prompts for shifting toward greener power-and-propulsion systems.

A move toward electric/hybrid propulsion systems can translate to a business edge for companies investing in them. One of the most decisive advantages of electric motors is that they are lighter and cheaper than their gas turbine counterparts.

The lighter weight of the electric motors opens up a world of possibilities for design. This particular advantage of the electric motor allows them to be easily incorporated into new designs as well as existing electric-compatible designs.

An example of this which is poised to majorly affect urban air mobility solutions is the usage of electromagnetic power on the next generation of tilt-wing vertical take-off and landing (VTOL) aircraft. The flexibility of electric cables grant them an obvious compatibility advantage with wing orientation over rigid fuel lines.

We have steadily begun flying in the right direction. The promise of a cleaner flight over new and exciting frontiers has been appealing to companies all over the world. One example that has come to the fore is that of Zunum Aero.

The Seattle-based aerospace company plans to commercially deploy electric planes. The aircraft under development is estimated to have a cruise speed of 545 kilometers per hour with a flight range of over 1,100 kilometers. The revolutionary design of the aircraft features a V-shaped tail and fully electric propulsion gear powering twin engines.

The Global Aerospace industry continues to grow at a rapid pace to meet airline requirements. The industry faces growing pressure to reduce costs, improve Maintain, Repair, and Overhaul (MRO) value chain to increase the overall efficiency and reliability of the asset. L&T Technology services’ decades of experience in Aerospace has enabled us to adapt quickly to provide a wide range of tailored engineering services.

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