Middle East and Africa Aerospace Titanium Fasteners Market Forecast to 2028

Middle East and Africa Aerospace Titanium Fasteners Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Aircraft Type (Narrow Body Aircraft, Wide-Body Aircraft, General Aviation Aircraft, Cargo Aircraft, Helicopters, and Military Aircraft), Product Type (Bolts, Nuts, Screws, Rivets, and Others), Application (Flight Control Surface, Airframe, Engine, Interiors, and Landing Gear), and End User (Aircraft Manufacturers, MRO Services Providers, and Military Forces)

Report Code : BMIRE00025320 | Region : LAMEA | Industry : Aerospace and Defense | Published Date : 12/Jul/2022

The MEA aerospace titanium fasteners market is expected to grow from US$ 23.77 million in 2021 to US$ 30.44 million by 2028; it is estimated to register a CAGR of 3.6% from 2021 to 2028.

All aircraft systems manufacturers are focusing on reducing aircraft weight. Lightweight aircraft are more economical to operate, travel a greater range, carry more payload, and stay in the air longer. The unmanned aerial vehicle (UAV) is a military aircraft controlled by remote; it carries sensors, target designators, offensive ordnance, or electronic transmitters to interfere with or destroy enemy objectives. Decreasing the weight of the structure allows it to have more sensors and payload and a longer time to stay in the air. Small UAV drones primarily rely on batteries for power, which are heavy, creating further need to reduce the weight of the rest of the structure. Thus, the growing demand for lightweight material-based fasteners will lead to the rise in the usage of titanium fasteners in military UAV systems. Moreover, rapid technological advancements increase the demand for smaller airframes and the number of small unmanned aircraft systems (SUAS) deployed on the battlefield. Thus, the adoption and technological development of UAVs for military applications will eventually boost the aerospace titanium fasteners market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA aerospace titanium fasteners market at a notable CAGR during the forecast period.

MEA Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

MEA Aerospace Titanium Fasteners Market Segmentation

The MEA aerospace titanium fasteners market is segmented based aircraft type, product type, application, end user, and country. Based on aircraft type, the market is segmented into narrow body aircraft, wide-body aircraft, general aviation aircraft, cargo aircraft, helicopters, and military aircraft. The narrow body aircraft segment dominated the market in 2020 and wide body aircraft segment is expected to be fastest growing during forecast period. Based on product type, the market is segmented into bolts, nuts, screws, rivets, and others. The bolts segment dominated the market in 2020 and others segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into flight control surface, airframe, engine, interiors, and landing gear. The airframe segment dominated the market in 2020 and engine segment is expected to be fastest growing during forecast period. Based on end user, the market is segmented into aircraft manufacturers, MRO services providers, and military forces. The aircraft manufacturers segment dominated the market in 2020 and MRO service providers segment is expected to be fastest growing during forecast period. Based on country, the MEA aerospace titanium fasteners market is segmented into the Saudi Arabia, UAE, South Africa, and the Rest of MEA.

Cherry Aerospace (PCC); Leeart Industry Co., Ltd.; LISI Aerospace; Superbti Co., Ltd.; TriMas Corporation; and XOT Metals are among the leading companies operating in the MEA aerospace titanium fasteners market.

Bolts Segment to Dominate MEA Aerospace Titanium Fasteners Market During 2021–2028

According to a new market research study on “MEA Aerospace Titanium Fasteners Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Aircraft Type, Product Type, Application, and End User ” is expected to reach US$ 30.44 million by 2028 from US$ 23.77 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the MEA aerospace titanium fasteners market along with the drivers and restraints pertaining to the market growth. Rising adoption in military UAV is the major factor driving the growth of the MEA aerospace titanium fasteners market . However, discontinuation of A380 and B747 manufacturing hinders the growth of MEA aerospace titanium fasteners market .

The MEA aerospace titanium fasteners market is segmented based aircraft type, product type, application, end user, and country. Based on aircraft type, the market is segmented into narrow body aircraft, wide-body aircraft, general aviation aircraft, cargo aircraft, helicopters, and military aircraft. The narrow body aircraft segment dominated the market in 2020 and wide body aircraft segment is expected to be fastest growing during forecast period. Based on product type, the market is segmented into bolts, nuts, screws, rivets, and others. The bolts segment dominated the market in 2020 and others segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into flight control surface, airframe, engine, interiors, and landing gear. The airframe segment dominated the market in 2020 and engine segment is expected to be fastest growing during forecast period. Based on end user, the market is segmented into aircraft manufacturers, MRO services providers, and military forces. The aircraft manufacturers segment dominated the market in 2020 and MRO service providers segment is expected to be fastest growing during forecast period. Based on country, the MEA aerospace titanium fasteners market is segmented into the Saudi Arabia, UAE, South Africa, and Rest of MEA .

Cherry Aerospace (PCC); Leeart Industry Co., Ltd.; LISI Aerospace; Superbti Co.,ltd.; TriMas Corporation; and XOT Metals are among the leading companies in the MEA aerospace titanium fasteners market . The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 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.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA Aerospace Titanium Fasteners Market Landscape

4.1 Market Overview

4.2 Porter’s Five Force Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. MEA Aerospace Titanium Fasteners Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Increasing Adoption in Military Aircraft

5.1.2 Rising Development by Aerospace Titanium Fastener Manufacturers

5.2 Market Restraints

5.2.1 Discontinuation of A380 and B747 Manufacturing

5.3 Market Opportunities

5.3.1 Increasing Demand of Light Weight Fasteners

5.4 Future Trends

5.4.1 Rising adoption in Military UAV

5.5 Impact Analysis of Drivers and Restraints

6. Aerospace Titanium Fasteners Market – MEA Analysis

6.1 MEA Aerospace Titanium Fasteners Market Overview

6.2 MEA Aerospace Titanium Fasteners Market Forecast and Analysis

7. MEA Aerospace Titanium Fasteners Market Analysis – By Aircraft Type

7.1 Overview

7.2 MEA Aerospace Titanium Fasteners Market, By Aircraft Type (2020 And 2028)

7.3 Narrow Body Aircraft

7.3.1 Overview

7.3.2 Narrow Body Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

7.4 Wide Body Aircraft

7.4.1 Overview

7.4.2 Wide Body Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

7.5 General Aviation

7.5.1 Overview

7.5.2 General Aviation: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

7.6 Cargo Aircraft

7.6.1 Overview

7.6.2 Cargo Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

7.7 Helicopters

7.7.1 Overview

7.7.2 Helicopters: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

7.8 Military Aircraft

7.8.1 Overview

7.8.2 Military Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

8. MEA Aerospace Titanium Fasteners Market Analysis – By Product Type

8.1 Overview

8.2 MEA Aerospace Titanium Fasteners Market, By Product Type (2020 And 2028)

8.3 Bolts

8.3.1 Overview

8.3.2 Bolts: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

8.4 Nuts

8.4.1 Overview

8.4.2 Nuts: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

8.5 Screws

8.5.1 Overview

8.5.2 Screws: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

8.6 Rivets

8.6.1 Overview

8.6.2 Rivets: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

9. MEA Aerospace Titanium Fasteners Market Analysis – By Applications

9.1 Overview

9.2 MEA Aerospace Titanium Fasteners Market, By Applications (2020 and 2028)

9.3 Flight Control Surfaces

9.3.1 Overview

9.3.2 Flight Control Surfaces: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

9.4 Airframe

9.4.1 Overview

9.4.2 Airframe: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

9.5 Engine

9.5.1 Overview

9.5.2 Engine: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

9.6 Interiors

9.6.1 Overview

9.6.2 Interiors: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

9.7 Landing Gear

9.7.1 Overview

9.7.2 Landing Gear: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

10. MEA Aerospace Titanium Fasteners Market Analysis – By End User

10.1 Overview

10.2 MEA Aerospace Titanium Fasteners Market, By End User (2020 and 2028)

10.3 Aircraft Manufacturers

10.3.1 Overview

10.3.2 Aircraft Manufacturers: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

10.4 MRO Service Providers

10.4.1 Overview

10.4.2 MRO Service Providers: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

10.5 Military Forces

10.5.1 Overview

10.5.2 Military Forces: Aerospace Titanium Fasteners Market Revenue and Forecast To 2028 (US$ Million)

11. MEA Aerospace Titanium Fasteners Market – Country Analysis

11.1 Overview

11.1.1 MEA: Aerospace Titanium Fasteners Market, by Key Country

11.1.1.1 South Africa: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 South Africa: Aerospace Titanium Fasteners Market, By Aircraft Type

11.1.1.1.2 South Africa: Aerospace Titanium Fasteners Market, By Product Type

11.1.1.1.3 South Africa: Aerospace Titanium Fasteners Market, By Application

11.1.1.1.4 South Africa: Aerospace Titanium Fasteners Market, By End Users

11.1.1.2 Saudi Arabia: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 Saudi Arabia: Aerospace Titanium Fasteners Market, By Aircraft Type

11.1.1.2.2 Saudi Arabia: Aerospace Titanium Fasteners Market, By Product Type

11.1.1.2.3 Saudi Arabia: Aerospace Titanium Fasteners Market, By Application

11.1.1.2.4 Saudi Arabia: Aerospace Titanium Fasteners Market, By End Users

11.1.1.3 UAE: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 UAE: Aerospace Titanium Fasteners Market, By Aircraft Type

11.1.1.3.2 UAE: Aerospace Titanium Fasteners Market, By Product Type

11.1.1.3.3 UAE: Aerospace Titanium Fasteners Market, By Application

11.1.1.3.4 UAE: Aerospace Titanium Fasteners Market, By End Users

11.1.1.4 Rest of MEA: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.4.1 Rest of MEA: Aerospace Titanium Fasteners Market, By Aircraft Type

11.1.1.4.2 Rest of MEA: Aerospace Titanium Fasteners Market, By Product Type

11.1.1.4.3 Rest of MEA: Aerospace Titanium Fasteners Market, By Application

11.1.1.4.4 Rest of MEA: Aerospace Titanium Fasteners Market, By End Users

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

13. Company Profiles

13.1 XOT Metals

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Leeart Industry Co., Ltd.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Cherry Aerospace (PCC)

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Superbti Co.,ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 TriMas Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 LISI Aerospace

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1.             MEA Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             MEA: Aerospace Titanium Fasteners Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             South Africa: Aerospace Titanium Fasteners Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             South Africa: Aerospace Titanium Fasteners Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             South Africa: Aerospace Titanium Fasteners Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             South Africa: Aerospace Titanium Fasteners Market, By End Users – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Saudi Arabia: Aerospace Titanium Fasteners Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Saudi Arabia: Aerospace Titanium Fasteners Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Saudi Arabia: Aerospace Titanium Fasteners Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Saudi Arabia: Aerospace Titanium Fasteners Market, By End Users – Revenue and Forecast to 2028 (US$ Million)

Table 11.          UAE: Aerospace Titanium Fasteners Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          UAE: Aerospace Titanium Fasteners Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          UAE: Aerospace Titanium Fasteners Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          UAE: Aerospace Titanium Fasteners Market, By End Users – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Rest of MEA: Aerospace Titanium Fasteners Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Rest of MEA: Aerospace Titanium Fasteners Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of MEA: Aerospace Titanium Fasteners Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of MEA: Aerospace Titanium Fasteners Market, By End Users – Revenue and Forecast to 2028 (US$ Million)

Table 19.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           MEA Aerospace Titanium Fasteners Market Segmentation

Figure 2.           MEA Aerospace Titanium Fasteners Market Segmentation – By Country

Figure 3.           MEA Aerospace Titanium Fasteners Market Overview

Figure 4.           MEA Aerospace Titanium Fasteners Market, By Aircraft Type

Figure 5.           MEA Aerospace Titanium Fasteners Market, By Country

Figure 6.           MEA Aerospace Titanium Fasteners Market– Porter’s Analysis

Figure 7.           Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           MEA Aerospace Titanium Fasteners Market: Impact Analysis of Drivers and Restraints

Figure 10.        MEA Aerospace Titanium Fasteners Market Forecast and Analysis (US$ Million)

Figure 11.        MEA Aerospace Titanium Fasteners Market, By Product type (2020 and 2028)

Figure 12.        MEA Narrow Body Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        MEA Wide Body Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        MEA General Aviation: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        MEA Cargo Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        MEA Helicopters: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        MEA Military Aircraft: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        MEA Aerospace Titanium Fasteners Market, By Product Type (2020 and 2028)

Figure 19.        MEA Bolts: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        MEA Nuts: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        MEA Screws: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        MEA Rivets: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        MEA Others: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        MEA Aerospace Titanium Fasteners Market, By Applications (2020 and 2028)

Figure 25.        MEA Flight Control Surfaces: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        MEA Airframe: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 27.        MEA Engine: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 28.        MEA Interiors: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 29.        MEA Landing Gear: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 30.        MEA Aerospace Titanium Fasteners Market, By End User (2020 and 2028)

Figure 31.        MEA Aircraft Manufacturers: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 32.        MEA MRO Service Providers: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 33.        MEA Military Forces: Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

Figure 34.        MEA: Aerospace Titanium Fasteners Market, by Key Country – Revenue (2020) (US$ Million)

Figure 35.        MEA: Aerospace Titanium Fasteners Market Revenue Share, by Key Country (2020 & 2028)

Figure 36.        South Africa: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        Saudi Arabia: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38.        UAE: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39.        Rest of MEA: Aerospace Titanium Fasteners Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Middle East and Africa Aerospace Titanium Fasteners Market

● Cherry Aerospace (PCC)

● Leeart Industry Co., Ltd.

● LISI Aerospace

● Superbti Co.,ltd.

● TriMas Corporation

● XOT Metals

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA aerospace titanium fasteners market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the MEA aerospace titanium fasteners market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the aerospace titanium fasteners market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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