The aircraft isothermal forging market in Middle East & Africa is expected to grow from US$ 44.02 million in 2022 to US$ 54.47 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2022 to 2028
There has been a rise in the development of fuel-efficient aircraft engines across the aerospace sector. The rising production of modern-day aircraft is expected to create more growth opportunities for emerging aircraft isothermal forging players to manufacture fuel-efficient aircraft models. Due to the rising demand for more advanced fuel-efficient aircraft models, the increasing production of advanced next-generation high-bypass turbofan engines is expected to present immense growth opportunities for the key players operating in the aircraft isothermal forging market. Further, these new engines incorporate new aerodynamic designs, materials, coatings, combustion and cooling technology, and improved integration between the engine and airframe, encouraging the adoption of isothermal forging to manufacture critical aircraft components. For instance, Boeing has developed several performance enhancements to the Next-Generation 737 that reduce fuel consumption and carbon emissions. Major turbofan engine manufacturers are Pratt & Whitney, General Electric, Rolls-Royce, and CFM International. In June 2021, GE Aviation and Safran launched the CFM RISE (Revolutionary Innovation for Sustainable Engines) program to develop next-generation fuel-efficient CFM aircraft engines by the mid-2030s that emit less CO2. Thus, the growth in the production of advanced aircraft engines with lightweight, high tensile, and cost-effective materials will increase the demand for isothermally forged aircraft engine components during the forecast period. Thus, the need for fuel-efficient next-generation aircraft is expected to create more aircraft isothermal forging market opportunities.
Key players dominating the Middle East & Africa aircraft isothermal forging market are Alcoa Corporation, ATI, Howmet Aerospace, and LISI Aerospace.
There has been a rise in the development of fuel-efficient aircraft engines across the aerospace sector. The rising production of modern-day aircraft is expected to create more growth opportunities for emerging aircraft isothermal forging players to manufacture fuel-efficient aircraft models. Due to the rising demand for more advanced fuel-efficient aircraft models, the increasing production of advanced next-generation high-bypass turbofan engines is expected to present immense growth opportunities for the key players operating in the aircraft isothermal forging market. Further, these new engines incorporate new aerodynamic designs, materials, coatings, combustion and cooling technology, and improved integration between the engine and airframe, encouraging the adoption of isothermal forging to manufacture critical aircraft components. For instance, Boeing has developed several performance enhancements to the Next-Generation 737 that reduce fuel consumption and carbon emissions. Major turbofan engine manufacturers are Pratt & Whitney, General Electric, Rolls-Royce, and CFM International. In June 2021, GE Aviation and Safran launched the CFM RISE (Revolutionary Innovation for Sustainable Engines) program to develop next-generation fuel-efficient CFM aircraft engines by the mid-2030s that emit less CO2. Thus, the growth in the production of advanced aircraft engines with lightweight, high tensile, and cost-effective materials will increase the demand for isothermally forged aircraft engine components during the forecast period. Thus, the need for fuel-efficient next-generation aircraft is expected to create more aircraft isothermal forging market opportunities.
Middle East & Africa Aircraft Isothermal Forging Market Segmentation
The Middle East & Africa aircraft isothermal forging market is segmented into aircraft components, forging material, fit type, and country. Based on aircraft components, the Middle East & Africa aircraft isothermal forging market is segmented into fan blade, turbine disks, shafts, and connector rings. The fan blade segment is expected to account for the largest market share in 2022.Based on forging material, the Middle East & Africa aircraft isothermal forging market is bifurcated into titanium and nickel-based superalloys . The nickel-based superalloy segment is expected to account for a larger market share in 202 2. On the basis of fit type, the Middle East & Africa aircraft isothermal forging market is categorized into line fit and retrofit segment. The retrofit segment is expected to account for a larger market share in 2022.Based on country, the Middle East & Africa aircraft isothermal forging market is segmented into Saudi Arabia, the UAE, South Africa, and the rest of the Middle East & Africa. The rest of the Middle East & Africa accounted for the largest share of the aircraft isothermal forging market in 2022.Key players dominating the Middle East & Africa aircraft isothermal forging market are Alcoa Corporation, ATI, Howmet Aerospace, and LISI Aerospace.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Aircraft Isothermal Forging Market Landscape
5. MEA Aircraft Isothermal Forging Market - Key Industry Dynamics
6. Aircraft Isothermal Forging Market - MEA Analysis
7. MEA Aircraft Isothermal Forging Market Analysis - By Aircraft Components
8. MEA Aircraft Isothermal Forging Market Analysis - By Forging Material
9. MEA Aircraft Isothermal Forging Market Analysis - By Fit Type
10. MEA Aircraft Isothermal Forging Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- Alcoa Corporation
- ATI
- Howmet Aerospace
- LISI Aerospace
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 105 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 44.02 Million |
| Forecasted Market Value ( USD | $ 54.47 Million |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 4 |
