Growing Demand For Energy-Efficient Aircraft For Military And Commercial Applications Is Likely To Propel Market Growth.
The global Titanium Alloys Market is forecast to reach USD 4.42 Billion from USD 3.15 Billion in 2019, showcasing a growth rate of 4.1% through 2027. The market growth is driven by a plethora of factors, including increasing investment in fighter aircraft, expansion of the global aviation industry, rise in the number of space exploration programs, and technological advancements in aircraft manufacturing.
Increasing fuel prices and the current slowdown of the economy, globally, is leading to a growing need for more fuel-efficient aircraft. Considering titanium’s weight-to-strength proportion, planes made out the metal are lighter and expends less fuel, which is why several airliners are switching to titanium for making several parts of the aircraft. Increasing investments in fighter planes and military helicopters from various countries across the globe will supplement Titanium Alloys market share through 2027. Additionally, the proliferation of advanced technology to develop highly efficient planes will foster market revenue share over the forecast period. For instance, in February 2020, General Atomic Aeronautical systems, an aeronautics company that provides unmanned aerial vehicles & radar solutions to the U.S. military and for commercial applications globally, had performed the first test flight of a metal 3D printed part – a Neighborhood Assistance Corporation of America (NACA) inlet made in Titanium Ti6AI4V on a Sky Guardian RPA (Remotely Piloted Aircraft).
Get A Sample Copy Of The Global Titanium Alloys Market Report: https://www.reportsanddata.com/sample-enquiry-form/1616
Top Companies: Acnis International, Bralco Metals, Supra Alloys, Kobelco Group, Gould Alloys, Precision Castparts Corporation, Metalweb, Alcoa, Vsmpo-Avisma Corporation, And Paris Saint-Denis Aero, Among Others.
The Global Titanium Alloys Market Is Forecast To Reach Usd 4.42 Billion From Usd 3.15 Billion In 2019, Showcasing A Growth Rate Of 4.1% Through 2027.
Further Key Findings From The Report Suggest:
Based On Application, The Structural Frames Segment Held Contributed Significantly Towards The Global Titanium Alloys Market Share In 2018 And Are Is Estimated To Maintain Its Dominance Over The Analysis, Delivering A Cagr Of 4.2%.
Based On End-Use, The Commercial Segment Is Likely To Account For The Majority Revenue Generation, Exhibiting A Cagr Of 3.7% Through 2027.
In The Regional Landscape, The Asia Pacific Region Is Estimated To Witness The Fastest Growth Rate Of 4.7% Through 2027. According To Iata, China Is Expected To Topple The United States As The Largest Aviation Industry In Terms Of Air Traffic, By The End Of 2024. The Agency Also Estimated That An Additional 1.8 Billion Passengers Per Year Would Be Conveyed To And From Within The Region By 2035, Which May Positively Impact Regional Industry Growth.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest Of Eu)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of Apac)
- Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest Of Mea)
To Know More About The Report: https://www.reportsanddata.com/report-detail/aeronautical-titanium-market
Market Segmentation:
Material Type Outlook (Volume, Kilo Tons; Revenue, Usd Million; 2017-2027)
- Commercially Pure Titanium
- Titanium Alloys
Application Outlook (Volume, Kilo Tons; Revenue, Usd Million; 2017-2027)
- Structural Airframes
- Engines
- Others
End-User Outlook (Volume, Kilo Tons; Revenue, Usd Million; 2017-2027)
- Military
- Commercial
- Others
Request A Customization Of The Report: https://www.reportsanddata.com/request-customization-form/1616
Table Of Contents:
Report Overview
1.1 Research Scope
1.2 Key Titanium Alloys Market Segments
1.3 Major Players
1.4 Market Analysis By Product Type
1.5 Market Analysis By Application
1.6 Report Timeline
Global Growth Trends
2.1 Global Titanium Alloys Market Size
2.2 Latest Regional Market Trends
2.3 Emerging Growth Trends
Competitive Outlook
3.1 Global Titanium Alloys Market Key Players
3.2 Global Titanium Alloys Size By Manufacturers
3.3 Products Of Major Players
3.4 Entry Barriers In The Titanium Alloys Market
3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances
Browse More Reports:
Titanium Alloys Market: https://www.reportsanddata.com/report-detail/aeronautical-titanium-market
Synthetic Latex Polymers Market: https://www.reportsanddata.com/report-detail/synthetic-latex-polymers-market
Polypropylene Market: https://www.reportsanddata.com/report-detail/polypropylene-market
About Us:
Reports And Data Is A Market Research And Consulting Company That Provides Syndicated Research Reports, Customized Research Reports, And Consulting Services. Our Solutions Purely Focus On Your Purpose To Locate, Target, And Analyse Consumer Behaviour Shifts Across Demographics, Across Industries, And Help Clients To Make Smarter Business Decisions. We Offer Market Intelligence Studies Ensuring Relevant And Fact-Based Research Across Multiple Industries, Including Healthcare, Touch Points, Chemicals, Products, And Energy. We Consistently Update Our Research Offerings To Ensure Our Clients Are Aware Of The Latest Trends Existent In The Market. Reports And Data Has A Strong Base Of Experienced Analysts From Varied Areas Of Expertise. Our Industry Experience And Ability To Develop A Concrete Solution To Any Research Problems Provides Our Clients With The Ability To Secure An Edge Over Their Respective Competitors.
Contact Us:
John W
Head Of Business Development
Reports And Data | Web: Www.Reportsanddata.Com
Direct Line: +1-212-710-1370
E-Mail: Sales@Reportsanddata.Com
Linkedin | Twitter | Blogs | Insights
For More Research Insights On Leading Industries, Visit Our YouTube Channel And Hit Subscribe For Future Update: https://www.youtube.com/channel/uchlqktflm6svbleujnadihq/videos
