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Showing posts with the label Arconic Inc.
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The global market for Aerospace Additive Manufacturing is projected to reach US$2.5 billion by 2025, driven by increasing investments in the technology by aircraft OEMs and component suppliers. Players in the industry currently operate in a difficult market environment made challenging by factors such as taut economic climate that does not favor resource inefficiencies and wastages, rising competition, financial and budgetary constraints, growing burden of regulatory compliance, threat of disruption posed by digitization and globalization, and challenges in information and operations management. Manufacturers and service providers in the industry feel the competitive heat to innovate engineering and manufacturing processes and optimize supply chain to reduce costs, optimize production cycle and enhance efficiencies. The convergence of myriad disruptive factors is fundamentally changing the structure and competitive dynamics of the aerospace industry, necessitating changes in busine...

Busy Aircraft Production Line Keeps Global Demand for Aerospace Fasteners Ticking

The global market for Aerospace Fasteners is projected to reach US$7.7 billion by 2025 , driven by healthy production of commercial aircraft supported by new orders from Asia-Pacific coupled with high order backlogs among international OEMs. Mechanical fastening devices such as bolts, nuts, screws, rivets or nails, that affix or join together two or more objects, are of high significance as they are the critical components that define the integrity and longevity of structures. The aerospace fasteners industry evolved alongside the aerospace industry which witnessed a continuous development of aircraft from commercial, shipping, military and business airplanes to highly advanced ballistic missiles and rockets. Fasteners are required to be highly durable to withstand extreme gravitational pressures when in air. Although fasteners account for just 3% of the total airplane manufacturing cost, they cannot be overlooked because of their small size, as the safety and efficiency of an a...