Aerospace and Defence Metal Stamping Market Worth $33.6 billion by 2027
Added: (Fri Dec 01 2023)
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Meticulous Research® – leading global market research company published a research report titled “Aerospace and Defense Metal Stamping Market by Component (Housings and Enclosures, Assemblies, Brackets, Clips, Cylinders, Electrodes, Fasteners, Relays), Process (Embossing, Flanging), and Material (Aluminium, Steel) – Global Forecast to 2027”
According to this latest publication from Meticulous Research®, the aerospace and defense metal stamping market is expected to grow at a CAGR of 4.6% from 2020 to 2027 to reach $33.6 billion by 2027. The growth in this market is mainly attributed to the rising demand for commercial aircraft, growing demand for fighter planes with growing security concerns across the globe, increasing demand for high-quality precision components, rising investments in metal stamping facilities, and rising technological advancements. Moreover, emerging Asia-Pacific and Latin American economies are expected to create lucrative opportunities for players operating in this market. However, the emergence of high-grade plastic materials in the aerospace and defense industry is expected to hinder the growth of this market to some extent.
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To provide efficient analysis, Meticulous Research® has segmented this market on the basis of components (housings & enclosures, relays, switches, electrodes, assemblies, brackets, bushings, frames, shields, terminals, wire forms, clips/connectors/fasteners, cylinders, and other components), application (oxygen generating systems, power distribution systems and controllers, signal and power systems, flat connection systems, communication devices, large components, and other small components), sector (commercial aircrafts sector and military/defense aircrafts sector), process (blanking, embossing, bending, coining, deep drawing, flanging, and others), material (steel, aluminium, titanium, copper, and others), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa).
Based on component, the clips/connectors/fasteners segment is estimated to command the dominant share of the overall aerospace and defense metal stamping market in 2020. The dominant position of this segment is mainly attributed to the rising demand for a variety of clips, connectors, and fasteners for the assembly and connection of various joint structures during aircraft manufacturing and aftermarket care of old airline fleets.
Based on application, the signal and power systems segment is estimated to command the largest share of the overall aerospace and defense metal stamping market in 2020. The large share of this segment is mainly attributed to the crucial role of power generation and lighting signal systems in aircraft travel, landing, and takeoff. However, the communication devices segment is expected to grow at the fastest CAGR during the forecast period.
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Based on sector, the commercial & civil aircraft sector is estimated to command the largest share of the overall aerospace and defense metal stamping market in 2020. The high demand for metal stamped parts for the construction of civil & commercial aircraft is one of the major factors accelerating the growth of this sector. Moreover, the replacement of old fleets with new aircraft by various airlines to meet the regulatory standards on maintenance & safety and achieve fuel-efficiency with advances in new aircraft are further stimulating the growth of this sector.
Based on process, the blanking process segment is estimated to command the largest share of the overall market in 2020. The large share of this segment is mainly attributed to its ability to produce precise and superior quality metal workpieces in large volumes at low costs for the further processing of metal sheets. However, the bending process segment is expected to grow at the fastest CAGR during the forecast period.
Geographically, North America is estimated to command the largest share of the overall aerospace and defense metal stamping market in 2020. Leading position of the North America in aerospace and defense metal stamping market is primarily attributed to the presence of leading aircraft manufacturers and other tier 1 players in the value chain that generate huge demand for various metal stamped aircraft components. However, the Asia-Pacific region is slated to register the fastest growth during the analysis period.
The key players operating in the global aerospace and defense metal stamping market are American Industrial Company (U.S.), Keats Manufacturing Company (U.S.), Wiegel Tool Works Inc. (U.S.), Hudson Technologies (U.S.), K S Tooling Inc. (U.S.), AAA Tool and Machine Co. (U.S.), Pacific Metal Stampings Inc. (U.S.), Tempco Manufacturing Company, Inc. (U.S.), D&H Industries Inc. (U.S.), Klesk Metal Stamping Co. (U.S.), Clow Stamping Company (U.S.), ACRO Metal Stamping Co. (U.S.), National Die Company Inc. (U.S.), Henan Kathysia Industrial Co, Ltd., (China), Kölle GmbH (Germany), Forgeavia (France), and Weiss-Aug Co., Inc. (U.S.) among others.
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Key questions answered in the report-
What is the current value of revenue generated by the metal stamped components for aerospace and defense across the globe?
At what rate the demand for global aerospace and defense metal stamping is projected to grow for the next 5-7 years?
What is the historical market size and growth rate for aerospace and defense metal stamping across the globe?
What are the major factors impacting the growth of this market at global and regional level? What are major opportunities for existing market players and new entrants in the market?
What impact does the current COVID-19 pandemic have on the aerospace and defense metal stamping market at various levels in the value chain?
Which segments in terms of the component, application, sector, process, and material are creating the major traction for the vendors in this market?
What are the key geographical trends in this market? Which regions/countries are expected offer significant growth opportunities for the vendors operating in global market?
Who are the major players in the global aerospace and defense metal stamping market? And also, what are their specific product/service offering in the aerospace & defense Industry?
What recent developments have taken place in the global aerospace and defense metal stamping market?
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