What is Aerospace Blisks Market?
The global aerospace inconel blisk market is expected to grow at a significant rate during the forecast period, according to the AMA study. Blisk can be defined as a combination of a disk and blade in one piece as a product which is used as one of the major components of different types of aircraft engine. The growing aircraft engine production propelled by rising global aircraft production & fleet is expected to be one of the major drivers for the industry.
Highlights from Aerospace Blisks Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||GKN Aerospace Services Limited (United Kingdom), Superalloy Manufacturing (United States), Turbocam International (United States), AML (Sheffield) Ltd (United Kingdom), MTU AERO ENGINES AG (Germany), ITP Aero (Spain), PM-GROUP (Netherlands), Hanwha Group (South Korea), TECT Corpá(United States), Starrag Group (Switzerland), Tusas Engine Industries, Inc (Turkey), Sandvik Coromant (Sweden) and GE (United States)|
The vendors in this market are majorly focusing on developing new and innovative aircraft engine blisks to cater to the industry demands in order to remain competitive in the global market. For instance, in April 2018, MTU Aero Engines announced that it has expanded its high-tech facility in Polandĺs Aviation with an increase in headcount by 25 percent and the addition of new, cutting-edge technologies for production to ramp-up its production. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aerospace Blisks market throughout the forecasted period. GKN Aerospace Services Limited (United Kingdom), Superalloy Manufacturing (United States), Turbocam International (United States), AML (Sheffield) Ltd (United Kingdom), MTU AERO ENGINES AG (Germany), ITP Aero (Spain), PM-GROUP (Netherlands), Hanwha Group (South Korea), TECT Corpá(United States), Starrag Group (Switzerland), Tusas Engine Industries, Inc (Turkey), Sandvik Coromant (Sweden) and GE (United States) are some of the key players profiled in the study.
Aerospace Blisks Market Segmentation:
|Application / End User||Turbojet, Turboprop, Turbofan and Turboshaft|
|Type||External Blisks and Internal Blisks|
|Material||Metals & Alloys,Composites|
|Manufacturing Process||CNC Milling,Investment Casting,Electro-Chemical Processing,3D Printing,Others|
On the basis of geography, the market of Aerospace Blisks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Growing Adoption of Lightweight Material-based Components for Reduction of Overall Weight
Market Growth Drivers:
The Rising Global Aircraft Production & Fleet Propelling the Demand for Aircraft Engine Components, Increasing Demand for Superalloy Blisks and Growing Concerns to Reduce the Number of Components in an Aircraft Engine is Boosting the Requirement of Blisks as it is the Combination of Blades & Disk Both
High Installation & Replacement Cost
Complicated and Precise Manufacturing
Expected Deliveries of More Than 38,000 Commercial Aircraft During the Next 20 Years will Create Huge Opportunities for Market Vendors During the Forecast Period
Key Target Audience
Aircraft OEMs, Aerospace Blisk Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
Market Leaders & Development Strategies
In November 2019, ITP Aero announced that it has opened a new manufacturing facility in Biscay, Spain for the manufacturing of aircraft engine external components which include the external blisks as well
Analyst CommentThe players of this market are focused towards catering new requirements of new generation aircraft models and growing aircraft fleet by developing suitable blisk solutions to meet the industry's demands.