Aerospace Pressure Bulkheads Market Size to reach an estimated value of US$ 505.5 million in 2024
February 05, 2020
The Pressure Bulkheads Market for the aerospace industry is estimated to grow at an above industry growth rate over the next five years to reach an estimated value of US$ 505.5 million in 2024. The market is served by aircraft OEMs producing bulkheads in-house for some of their bulkheads as well as independent suppliers/tier players producing bulkheads for different aircraft OEMs. Major aircraft OEMs, such as Airbus and Bombardier, are producing pressure bulkheads, generally front one, for some of their aircraft programs. Also, major tier players including Spirit AeroSystems and RUAG, are also present in the market, primarily producing rear pressure bulkheads. However, tier players also produce front pressure bulkheads.
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Aerospace Pressure Bulkheads Market Segment Insights:
By Aircraft Type:
Narrow-body aircraft is expected to remain the largest segment of the global aerospace pressure bulkheads market during the forecast period of 2019 to 2024, whereas wide-body aircraft is expected to experience the highest growth during the same period. Increasing commercial aircraft deliveries to support rising passenger and freight traffic, introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for pressure bulkheads in the segment.
By Material Type:
Metal pressure bulkhead is projected to remain the most dominant segment of the market over the next five years as well. Metal pressure bulkheads, generally aluminum, have an excellent strength-to-weight ratio and are easy to repair as compared to composite ones. Low cost is another key countable factor for its preference over composite pressure bulkheads.
By Shape Type:
Flat pressure bulkhead is projected to remain the most dominant segment of the market over the next five years. Pressure bulkhead structure is highly dependent upon the structure of an aircraft. Rear pressure bulkheads are generally curved, whereas the front ones are flat; however, Boeing, in its major program B737, has replaced curved pressure bulkhead to flat one in the rear location in order to increase more cabin space and add more seats.
By Region:
North America is projected to remain the largest market during the forecast period as the region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized aircraft OEMs and tier players. The USA would remain the growth engine of the North American market. North America is the hub of the major pressure bulkhead manufacturers, such as Triumph Group, Inc., Bombardier Inc., and Spirit AeroSystems GmbH.
Asia-Pacific is projected to witness the highest CAGR over the next five years, propelled by several factors including upcoming commercial and regional aircraft, such as C919 and MRJ, and an opening of assembly plants in China by Boeing and Airbus. China, Japan, and India are expected to remain the growth engines of the Asia-Pacific’s market during the forecast period.
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