Research Aerospace Fasteners Market | Page 4

Aerospace Fasteners Market
Fasteners are the hardware components which are used to mechanically join two or more objects
together. In the same context, aerospace fasteners are special grade hardware devices, used to connect
parts of aircraft during original equipment manufacturing and aftermarket servicing. Aerospace
fasteners are broadly used in commercial aircraft, military aircraft, ballistic missiles, rockets and satellites.
Aerospace fasteners are made under strict regulations and standards so as to withstand high fatigue
loading and drastic temperature changes. Manufacturers are focused to introduce aerospace fasteners
with light weight and high strength metallurgical structure in order to provide increased life and reliability
rate along with enhanced fuel efficiency of the aircraft.
The number of fasteners required in a typical aircraft could reach to millions in the form of nuts, bolts,
pins, rivets, washers, etc. Growing defense and space exploration activities are contributing significantly
to the growth of aerospace fasteners market. Commercial civil aviation industry, owing to increase in
number of passengers travelling by air route, is growing at an unprecedented annual rate, creating
significant demand for commercial aircrafts. This, in turn, is expected to push market growth of global
aerospace fasteners market over the forecast period of 2016-2024.
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Aerospace Fasteners Market: Dynamics
The civil aviation industry is on the rise and competition among major airline companies has intensified.
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