Aerospace Fasteners Market worth $7.73 Billion by 2021

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Aerospace Fasteners Market worth 7.73 Billion
by 2021
The aerospace fasteners market is projected to
grow from USD 5.49 billion in 2016 to USD 7.73
billion by 2021, at a CAGR of 7.08 during the
forecast period 2016 to 2021. The market has been
segmented into five key segments based on
aircraft type, end user type, material type,
product type, and application. On basis of
product type, the market is segmented into
rivets, screws, nuts bolts, and others.
Based on end
user, the commercial respect to
market is segmented into aviation and defense.
With aircraft type, the market is

• segmented into narrow body aircraft, wide body
  aircraft, very large aircraft, regional
  transport aircraft, business jets, and fighter
  jets. Based on application, the market is
  segmented into cabin interiors, fuselage,
• and control surfaces. The increasing number of
  aircraft orders and growing demand for precision
  made fasteners are some of the key factors
  expected to drive the aerospace fasteners market.
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• LISI Group is one of the leading players in the
  aerospace fasteners market. It operates through
  three business segments automotive (LISI
  Automotive), medical (LISI Medical), and
  aerospace (LISI Aerospace). The companys
  aerospace segment is engaged in manufacturing of
  fasteners which include blind fasteners,
  externally and internally threaded, sleeved pin,
  lockbolt, safety locking and tooling.The company
  has been working on industrialization of new
  products associated with various advanced
  programs, such as the new GE and LEAP engines, or
  even the structure of the A350 and A320 Neo
  aircraft, which is expected to gain market value
  coupled with brand value in the market. The
  companys major technological breakthrough was
  made possible by disabling two technological
  barriers in the fastening systems, that is, the
  development of a new CLY62 temporary fasteners
  which is compact and compatible with robotization
  along with the development of OPTIBLIND blind
  structural fastener solution, which is capable of
  meeting all relevant areas of performance of
  traditional dual access fasteners.
• Wide body aircraft segment is expected to witness
  the highest growth in aerospace fasteners market
  during the forecast period. According to Boeing,
  the demand for wide body aircraft is expected to

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witness strong growth across the globe over the
next ten years on account of increasing
connectivity between important geographical
locations of developing and developed
regions. New product development is one of the
key strategies implemented by the major players
to expand their product portfolio with advanced
products so as to capture a major market share in
the near future. The aerospace fasteners
market is anticipated to witness the highest
growth in Asia-Pacific region during the
forecast period. The aerospace fasteners market
is on a rise in this region due to aircraft
manufacturers in China and Russia. Also the rise
in component manufacturers in Japan, India and
China contribute as major factors for growth in
the aerospace fasteners market. Considering the
emerging economies, increased air travel and
rising demands for aircraft in the Asia-Pacific
region, it is projected to be the fastest
growing market during the forecast period. Speak
to Analyst https//www.marketsandmarkets.com/spea
ktoanalyst.asp?id260904137 About
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