Fasteners and elastic parts range from a few hundred thousand to several million in an aircraft. For example, the number of fasteners used in a Russian IL-96 plane is 142,000, a single A380 passenger plane has over ~1 million, and a Boeing 787 has over ~1 million. Thus, the increasing commercial & military aircraft production will raise the demand for fasteners in aerospace production. Due to the rising inclination toward lightweight material fasteners, the aerospace industry manufacturers are adopting titanzium fasteners for their aerospace, which drives the aerospace titanium fasteners market growth.
LISI AEROSPACE, Apollo Aerospace Components Limited, Howmet Aerospace Inc., KLX Inc., and 3V Fasteners – Prominent Market Participants in Aerospace Titanium Fastener Market
The increasing adoption of titanium fasteners in military aircraft due to its various benefits, such as high-temperature resistance, corrosion resistance, and nonmagnetic nature, is driving the aerospace titanium fasteners market growth. Titanium’s robust strength and low density provide the high levels of performance desired by aeroengine manufacturers. Further, increasing focus on extending MRO services in emerging economies, such as APAC, to commercial and military aircraft contributes to aerospace titanium fasteners market growth. Economic growth, increasing air passengers, and growing aviation infrastructure spending in APAC countries are increasing the demand for aircraft MRO services, which is subsequently providing lucrative opportunities to the aerospace titanium fasteners market players. Thus, the above-mentioned factors are driving the aerospace titanium fasteners market growth.
With the development of lightweight equipment, the global aviation industry players emphasize manufacturing, integration, or mounting of lightweight materials on aircraft. The aviation authorities, aircraft manufacturers, aircraft component manufacturers, MRO service providers, and military forces are seeking lightweight materials for each component to extend the aircraft’s flying range and increase fuel efficiency. This is driving the aerospace titanium fasteners market growth.
LISI AEROSPACE, Apollo Aerospace Components Limited, Howmet Aerospace Inc., KLX Inc., and 3V Fasteners.– are among the well-known players operating in the global aerospace titanium fasteners market and are focused on product development and innovations. The above listing of key players is derived by considering multiple factors such as overall revenue, current aerospace titanium fasteners portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | TriMas announced that it has recently signed agreements to acquire TFI Aerospace, to be added to TriMas Aerospace. TFI is a leading manufacturer and supplier of specialty fasteners used in a variety of applications, predominantly for the aerospace end market. | North America |
| 2020 | TriMas announced that TriMas Aerospace has been awarded multi-year contracts with Airbus of Toulouse, France. TriMas Aerospace’s Monogram Aerospace Fasteners and Allfast Fastening Systems operations were both awarded new supply contracts by Airbus, expanding the company’s engineered fastener sales activity in Europe. | Europe |
