The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022

The global market for Aerospace Materials is projected to reach US$26.5 billion by 2025, driven by the growing value of advanced and sustainable materials for manufacturing aircraft in an era where strong engineering focus is shed on lightweight, fuel efficient and eco-friendly designs. As the aerospace industry gradually migrates towards a “cradle-to-beyond the grave” approach in the management of aircraft, sustainable materials will more than double in commercial value in the coming years. Commonly used aerospace materials include metal alloys and polymeric based materials developed and customized to aerospace needs for high fatigue loading resistance, performance, strength and heat resistance. Also, as the manufacturing industry adopts additive/3D manufacturing technologies, there is an urgent need for materials suitable for additive manufacturing platforms. Currently available materials with fabrication and microstructures compatible with additive manufacturing (AM) components include Titanium alloy powder (Ti–6Al–4V); Titanium alloy laser deposited products (Ti–6Al–4V); and Ni-base superalloy 625, among others. All aerospace materials are subject to rigorous testing for their mechanical and durability features. For instance, materials used in tension loaded structures are subject to tensile testing, while materials used in compression loaded structure are validated by compression testing processes. Moisture absorption behavior of materials is also studied for safe use in engine applications. These tests measure elastic modulus, yield strength and corrosion and oxidation of materials to ensure that they do not degrade or suffer from loss of functionality when used in the aviation environment.   Read More…