Aerospace & Defence Elastomers Market Industry Leaders & New Revenue Pockets

Aerospace & defense elastomers are elastic materials that have the ability to regain their original shape after the applied force is completely released from them. They have low rigidity, high deformability, and high non-linear stress-strain curves. Specific combinations of these characteristic properties of elastomers make them suitable for use in the aerospace industry. The aerospace & defense elastomers market has been segmented based on type, application, and region in terms of value and volume. The aerospace & defense elastomers market is projected to grow from USD 54.3 million in 2017 to USD 70.8 million by 2022, at a CAGR of 5.5% from 2017 to 2022.

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The growing aviation industry in emerging economies such as India and China, among others and increasing replacement of the existing aircraft with the new ones are the key factors expected to drive the growth of the aerospace & defense elastomers market across the globe. Companies operating in the aerospace & defense elastomers market are focused on the adoption of various growth strategies such as new product launches, expansions, agreements, acquisitions, and joint ventures to cater the rising demand for aerospace & defense elastomers across the globe. The key players in the aerospace & defense elastomers market include Trelleborg (Sweden), Shin-Etsu Chemical (Japan), Dow Corning (US), Greene, Tweed (US), Chemours (US), Wacker Chemie (Germany), Momentive (US), Saint-Gobain (France), and Solvay (Belgium), among others.

Besides new product launches, companies have also adopted the strategy of expansions to increase their market shares and enhance their distribution networks. Expansions and new product launches accounted for a significant share of the overall growth strategies adopted by the key players operating in the Aerospace & Defense Elastomers Market between 2015 and 2017.

Active players in the Aerospace & Defense Elastomers Market

Shin-Etsu Chemical (Japan), which is one of the key players in the aerospace & defense elastomers market, is involved in developing and manufacturing new and advanced aerospace & defense elastomers. The company has adopted the strategy of expansions to enhance its market share and widen its customer base. Shin-Etsu Chemical maintains a strong brand image in the aerospace & defense elastomers market as it provides high-grade products for different applications. It manufactures and markets industrial chemicals across the globe. It operates through six segments, namely, Polyvinyl Chloride (PVC)/chlor-alkali, silicones, specialty chemicals, semiconductor silicon, electronics & functional materials, and diversified business. Through its silicones segment, the company provides silicones for coatings, adhesives, and derivative products. Shin-Etsu Chemical has its markets mainly in Japan, the US, China, rest of Asia, and Europe. In October 2016, the company expanded its silicones business by establishing a new plant for the production of silicones in Japan. At the same time, Shin-Etsu Chemical expanded its technical center in Japan to cater to the increasing requirements for silicone rubber molding and processing.

Chemours (US) was originally the performance chemicals business segment of DuPont (US). The company operates through three business segments, namely, titanium technologies, fluoro products, and chemical solutions. Through its fluoro products segment, the company sells its fluoroelastomer products under the brand name Viton. These fluoroelastomers are used in automotive, consumer electronics, chemical processing, oil & gas, petroleum refining, transportation, and aircraft and aerospace applications. In August 2015, Chemours launched a new grade of Viton, namely, VTR-9307. The launch of this new product improved the product portfolio of Chemours.

Aerospace & defense elastomers are used in O-rings & gaskets, seals, hoses, electrical connectors, wire insulations, and fuel tank bladders. The aerospace & defense elastomers market is projected to reach USD 70.8 million by 2022, at a CAGR of 5.5% from 2017 to 2022. The North American and European regions are the key commercial markets for aerospace & defense elastomers. The increased demand for aerospace & defense elastomers by the aviation industry and replacement of the existing aircraft with new ones are major factors driving the growth of the aerospace & defense elastomers market across the globe.

The aerospace & defense elastomers market in Rest of the World is expected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the Rest of the World aerospace & defense elastomers market can be attributed to the increasing demand for new aircraft in emerging economies such as India and China, among others and growing spending power of the middle class population, which is fueling the growth of the aerospace industry in these countries. Chenguang Fluoro & Silicone Elastomers Co., Ltd. (China) and Zeon Chemicals (Japan) are the major manufacturers of aerospace & defense elastomers in Rest of the World. The ongoing global recovery post-2008 recession is further expected to influence the demand for aerospace & defense elastomers, worldwide.

Sustained enhancements in the operating efficiency of aircraft and advanced avionics are expected to drive the demand for aerospace & defense elastomers in the North American region. The US is expected to be the largest consumer of aerospace & defense elastomers in the North American region. The rising demand for new and lightweight aerospace & defense elastomers in the North American region is expected to propel the growth of the aerospace & defense elastomers market in the region.

Based on type, the silicone elastomers segment of the aerospace & defense elastomers market is projected to grow at the highest CAGR between 2017 and 2022, in terms of value. The growth of this segment of the market can be attributed to the increasing use of silicone elastomers in sealants and fuel handling systems. Silicone elastomers offer outstanding resistance to heat and have extraordinary sealing and mechanical properties, thereby making them suitable for use in difficult operating conditions.

Based on application, the seals segment of the aerospace & defense elastomers market is projected to grow at the highest CAGR between 2017 and 2022, in terms of value. The growth of the seals application segment of the aerospace & defense elastomers market can be attributed to the increasing use of silicone-based sealants in aircraft across the globe as they are lightweight.

Rising Demand for Aerospace Materials in Upcoming Years !

The global market for aerospace materials is projected to reach USD 25.80 billion by 2022, at a CAGR of 6.9% from 2017 to 2022. Growing demand from the aerospace industry for high-grade aerospace materials is driving the aerospace materials consumption, globally.

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Expansion was the key strategy adopted by industry players to boost their growth in the global aerospace materials market. Besides expansions, companies are investing in new product development and acquisitions. The North American region witnessed the highest number of strategic initiatives from 2011 to 2016. Expansion was the most preferred strategy in this region. Companies such as Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium), Hexcel Corporation (U.S.), and Du Pont (U.S.), were the most active players in the aerospace materials market in the region.

Major manufacturers such as Toray Industries, Inc. (Japan), Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium), Du Pont (U.S.), Teijin limited (Japan), ATI Metals (U.S.) and Constellium N.V. (Netherlands) are profiled in this report. These companies have adopted both organic and inorganic growth strategies to grow in the market.

Toray Industries, Inc. (Japan), Alcoa Corporation (U.S.), Cytec Solvay Group (Belgium) are identified as the major players in the aerospace materials market. These companies have a strong product portfolio as well as a robust business strategy to achieve continued growth. For instance, Alcoa Corporation (U.S.) and Toray Industries, Inc. (Japan) offer various types of aerospace materials. In 2011, Solvay S.A. (Belgium) acquired Cytec (U.S.). This acquisition helped Solvay to become the second-largest company in the aerospace composite materials market globally.

Du Pont (U.S.), Teijin Limited (Japan), ATI Metals (U.S.), Constellium N.V. (Netherlands), AMG N.V. (Netherlands), Hexcel Corporation (U.S.), ThyssenKrupp Aerospace (Germany), Koninklijke Tencate N.V. (Netherlands), SGL Group (Germany), and VSMPO-AVISMA Corporation (Russia) are identified as dynamic players in the aerospace materials market. These companies also have a strong foothold in the aerospace materials market with the help of various strategies such as mergers & acquisitions, investments & expansions, and agreements & partnerships. DuPont acquired BAE Systems Tensylon High-Performance Materials, Inc. (U.S.), a prominent manufacturer of carbon fiber composites. DuPont, in collaboration with these industry players, is expected to develop new products, thereby penetrating further in the aerospace materials market. Constellium N.V. has invested heavily in the development of its unique technology AIRWARE to revolutionize the aerospace industry. This new technology has been a huge success and has been adopted by various major aircraft manufacturers. The company has supply contracts with Airbus (U.S.) and Bombardier (Canada) which is viewed as a strategic step for future growth by many industry experts.

The global market for aerospace materials is projected to reach USD 25.80 billion by 2022, at a CAGR of 6.9% from 2017 to 2022. Growing demand from the aerospace industry for high-grade aerospace materials is driving the aerospace materials consumption, globally.

The increase in demand for next-generation, lightweight, and fuel-efficient aircraft is expected to be the major driver for the aerospace materials market in the near future. The aerospace industry has witnessed many changes in materials used for building aircraft. The introduction of new aircraft building materials has changed the industry significantly. Presently, aircraft manufacturers use a high percentage of composite materials in new generation aircraft instead of metal and its alloys that were used previously. Composite materials offer several advantages, such as low weight and high strength-to-weight ratio, which help manufacture lightweight and fuel-efficient aircraft. The use of these materials also increases the manufacturing productivity (processing speeds). This is expected to fuel the growth of the aerospace materials market globally.

Asia-Pacific is projected to be the fastest-growing aerospace materials market owing to the rapid economic expansion in the region. India and Japan are attracting investors to set up production facilities because of the ease of availability of raw materials and labor at a lower price. The increasing air traffic and number of low-cost carriers in the region have increased the demand for new aircraft in the region. Growing population and urbanization, along with growing industrial activities and per capita income, are some of the factors that are expected to drive the aerospace materials market in the Asia-Pacific region during the forecast period.

The aerospace materials market in India is projected to grow at the highest rate during the forecast period. Growing demand for aerospace materials from the aerospace industry is driving the aerospace materials market in India. The Government of India is also involved in supporting manufacturing and supply of products related to the aerospace industry. Availability of raw materials, cheap labor, and increasing domestic consumption are the key factors fueling the growth of the aerospace materials market in the country.

Commercial aircraft, military aircraft, civil helicopters, business & general aviation, and others are the aircraft type considered for the aerospace materials market report. Of these, the commercial aircraft segment was the largest aircraft type segment in 2016. Boeing Inc. (U.S.), the market leader in commercial aircraft manufacturing, is to deliver around 36,770 new aircraft in the next 20 years. Strong economic growth in the emerging countries of Asia-Pacific and South America and the increase in air traffic and number of low-cost operators in these regions are also the major growth factors for the commercial aircraft segment.

Overview of Non Lethal Weapons Market - Drivers and Restraints Until 2018

Non lethal weapons are designed to be less accurate in killing the living target than other conventional weapons. These weapons are designed to minimize the risk without diminishing the effect of using the weapons. These weapons are often used in combat situations that limit conflict escalation. Global non lethal weapons market is largely driven by complex international relations, political unrest, uncertain economic circumstances and deteriorating security practices in various parts of the world are encouraging armed force and law enforcement officers to use non-lethal weapons, especially in the civil and urban security scenarios. This is the biggest driving factor for the global non lethal weapons market.

Key Takeaways

Also known as less lethal weapons, non-lethal arms are specially designed to incapacitate a vehicle or individual without completely demolishing them. It reduces the impact or injury and minimizes the damage to the person, vehicle as well as the surroundings. These weapons are basically divided into two categories, based on their capabilities, namely, counter-material and counter-personal weapons. Apart from that, the non lethal weapons market has a vast segmentation based on their types, market stakeholders and geographical demand patterns. Based on geography, the industry is further sub-segmented into different countries. On the basis of geography, the industry is segmented into North America, Latin America, Europe, Middle East, Asia and Africa.

•      Types: Disperse, blunt, non lethal electric devices, anti vehicle and direct energy non lethal weapons
•     Stakeholders: Ministry of defense, weapon and sub-component manufactures and department of homeland security

Drivers and Forecasting

Global non lethal weapons industry is estimated to rise at a steady CAGR of over 5%. These trends will continue from 2013 to 2018. As of 2013, the market is poised at $880.5 million. However, at the expected compound annual growth rate, the market is anticipated to become worth $1,146.2 million by the end of 2018. These are positive signs for the non-lethal weapons market from the futuristic angle. Changing nature of global warfare, especially in the urban terrains is the biggest driving factor for the industry. Austerity in most western countries and bigger players vying for contracts will create better future for the industry. Based on the current trends, Europe is dominating the global industry, which is followed by North America and Asia. On the basis of the types, crowd dispersal weapons segment is expected to dominate the global industry.

Summary: Nonlethal Weapons Market will grow at steady CAGR. Increasing investments and uncertain circumstances are the biggest driving factors for the industry.

Why Aircraft Windows & Windshields Market is Expected to Witness Slow Growth

Airlines from across the world are emphasizing on improving aircraft efficiency by putting in modern amenities. Increasing demands for comfort and luxury from the air travelers are pushing the airlines to improvise on the existing amenities and replace them with finer and luxurious choices. Superior standard of living, increased global air travel and rising fuel prices are some of the major drivers for the aircraft windows and windshields market. Deliberate improvisations are increasing demands for these amenities, which are expected to drive the global industry at a steady rate. However, the market is expected to maintain a slow progress for the time being, which is estimated to pick up in long-term.

Basic Segmentation

Based on the types of products, the global aircraft windows & windshields market is widely distributed into two segments, namely, cabin windows market and windshields market. Both these segments are further sub-segmented based on the types of aircrafts, their size and demand pattern for different geographical regions. Based on the size of the aircrafts, the global industry is segmented into four types, namely, very large aircrafts (VLA), narrow body aircrafts (NBA), wide body aircrafts (WBS) and regional transportation aircrafts (RTA). Based on geographical locations, the market is segmented into the global market, which is further divided into North America, Latin America, Middle East, Africa, Asia Pacific and Europe.

Key Takeaways

According to the market research reports for the global commercial aviation windows and windshields market, the fleets of commercial aviation are dominated by narrow body planes. With around 63% of aircrafts, NBA is dominating commercial aviation market, which is followed by WBAs (19%), RTAs (14%) and VLAs (4%). Majority of these crafts incorporate normal acrylic windows and windshields. Nevertherless, the advanced machines like Boeing 787 have creative and interactive windows. Smart windows are attracting majority of commercial airlines, which is creating a wave of opportunities for the industry on a long-term basis.

Forecasting Reports

According to the expert analysis, the global industry is expected to grow at an estimated CAGR of 3.25% from 2013 to 2018. At this rate, the market will become worth $635.3 million by the end of 2018. As of 2013, the market is worth $541.6 million. Growth of aviation sector is expected to have positive influence on the aircraft windows and windshields market. Apart from that, growing regional demands, emerging economies, innovative aircraft models, and increasing new entrants in the market are expected to create better business opportunities with new revenue channels for the existing players.

Summary: Improving standard of living, growing air travel and rising expectations from passengers are driving the global aircraft windows & windshields market. Airlines are pushed for innovative designs for windows and window shades, which is creating a greater market for the existing businesses. Creativity and innovation along with growing aviation sector will drive the industry at a steady CAGR.

Flight Management Systems Market is Expecting Growth in Long Term

Airliners today are equipped with modern technological support known as flight management systems or FMS. These highly efficient systems are modified on a constant basis, which makes them even more useful for the modern day avionics. The basic goal of these systems is to reduce the workload from the flight holders, navigators and engineers. Flight management systems market specializes in automation of numerous in-flight tasks, which has increased the efficiency and safety of airplanes. Although moving at a steady rate, the global industry is eying at a great future in the years to come. Currently increasing application area is the biggest driver for the market, which is expected to cross the estimated figures at a slow and steady compound annual growth rate.

Flight Management Systems Market Structure

Biggest task for the flight management systems is to enhance the efficiency of the aircrafts and safety aspect involved in flying. Both these tasks are completed through analysis of flight inputs taken based on the changing flight parameters. These systems will help in optimization of all the aspects of a flight through co-ordination with flight director and auto pilots. Constant improvements and technological advancements are increasing the application areas of these systems, which is a great sign for the global industry for FMS.

Understanding basic segmentation in the market helps researchers to learn about crucial aspects of the industry. These aspects include market trends, drivers, challenges and opportunities. In case of FMS industry, segmentation is based on size of the aircrafts, market stakeholders and geographical demands for the applications of these systems. The market also has a separate segment on accounts of the different types of these management systems. This segment holds influence on research reports for the flightmanagement systems market.

·          Aircrafts Types: Narrow body, very large, wide body and regional transport aircrafts

·         Geography: United States of America, Canada, Russia, Brazil, China and Europe

Market Trends and Forecasting Reports from 2013 to 2018

According to recent study about the market that gives details about the trends and forecasts from 2013 to 2018, the global market is expected to grow at a nominal rate. Since the market is still in its budding stage, this steady growth rate is considered as a positive sign for the future of the industry. According to the market research reports, global FMS market is expected to grow at an anticipated CAGR of 3% within next four to five years. By 2018, the market is expected to become worth $1.8 billion by the end of 2018. According to the same reports, the market is estimated to make remarkable progress in the long run, which is a positive sign for the future investments.

Summary: Steady growth in the global flight management systems market is expected to be a positive sign for the bright future for the industry. Increasing range of application areas is the biggest driver for the industry, which is well supported by constant technological advancements and improvisations in the existing systems in the market. Developing countries in the world are estimated to benefit.