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October 29, 2018 | International, Aerospace
Demand for New and Refurbished Aircraft and Need for Lightweighting Materials Fuel Aerospace Adhesives and Coatings Sector Growth
LONDON, Oct. 29, 2018 /CNW/ -- Current and evolving growth prospects in the global aerospace adhesives and coatings market look promising over the next six years. Frost & Sullivan's analysis forecasts the market to reach $1.90 billion by the end of 2024, driven by an increasing need for lighter materials, investment in technically advanced products, evolving regulations, and high-volume demand for new and refurbished aircraft.
"While manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency, customers are seeking out products that are easy to apply, highly durable, quick drying, lighter in weight, environmentally sustainable, and regulatory compliant," said Christeena Thomas, Senior Research Analyst,Chemicals and Materials, EIA at Frost & Sullivan.
For further information on this analysis, please visit http://frost.ly/2vs
Merger and acquisition activities are expected to continue, with global companies acquiring small manufacturers to access their products, technical competences, distribution channels, and customer bases. To gain a competitive advantage, Thomas recommends manufacturers invest in developing adhesive formulations that are superior in properties such as durability and UV resistance and compatible with multiple substrates while exhibiting reduced overall weight after application.
Key trends creating growth opportunities in the market include:
- A boost in unmanned aerial vehicle demand in commercial, defence, and general aviation segments due to decreased technology costs
- High demand for adhesives and coatings in the defence and aerospace segments in the Asia-Pacific and Rest of World countries with increased investments in domestic manufacturing and operations
- Customer demands for newer, high-performance adhesives and coatings
- Growth in defense spending in the aerospace sector due to changing global economic conditions
- Growing demand for adhesive and coatings formulations that are compatible with robotic applications
- Replacement of traditionally used heavy fasteners with lighter-weight adhesives
"Programs such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) in the European Union, US Environmental Protection Agency (EPA), and Federal Aviation Administration (FAA) are expected to increase the research and development and transaction costs that businesses incur when developing and distributing new types of chemical compounds," noted Thomas. "In addition, extensive testing, verification, and approval cycles delay product launches, resulting in significant time and costs for material suppliers."
Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 market intelligence identifies disruptive market and technology trends, drivers and restraints, market share and competitive analysis. Percent unit shipment forecast by technology, application, chemistry, and end-industry for Europe, North America, Asia-Pacific and Rest of World are also provided.
Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 is the latest addition to Frost & Sullivan's Visionary Science research and analysis available through the Frost & Sullivan Leadership Council, which helps organisations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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December 7, 2018 | International, Aerospace
Spanish vendors pitch new hypoxia-response training for military pilots
By: Christina Mackenzie PARIS – Spanish companies have unveiled a new system for simulating low-oxygen conditions that air force pilots may experience during flight. The technology, made by Indra, one of Spain's leading high-technology companies, and iAltitude, a Spanish company specializing in high-altitude sports training, is the latest proposal to cope with the symptoms of hypoxia, which can cause pilots to fall unconscious mid-flight. Air force pilots have a backup oxygen mask in case the oxygen levels drops too low but if the mask were to fail, pilots “must be able to identify the symptoms that precede hypoxia, a dangerous state that can cause loss of consciousness in a few seconds,” Indra said. The system, which the company claims is “the first of its kind in the world,” consists of normobaric hypoxia equipment made by iAltitude that Indra has integrated into the simulator for the C101 Spanish Air Force training jet at the Madrid-based CIMA (Aerospace Medicine Training Center). Whilst the pilots are training on the simulator, the system regulates the oxygen pilots get through their mask, reducing it progressively. Their responses are recorded and the data will be used by CIMA to design training programs tol alert pilots to pre-hypoxia symptoms. Until now, training in hypoxia was mainly performed in hypobaric and normobaric sealed chambers in which trainees could undertake exercises to help them detect loss of oxygen, but these could not be undertaken simultaneously with flight tasks. The new system means hypoxia tests are now integrated with flight training, as the capabilities of each pilot to complete flight procedures in low-oxygen conditions are being evaluated continuously. https://www.defensenews.com/global/europe/2018/12/04/spanish-vendors-pitch-new-hypoxia-response-training-for-military-pilots