What is the future of Aerospace & Defense (A&D) Metal Bellows Market? Know Covid Impact on Size, Share & Forecasts
July 09, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aerospace & Defense (A&D) Metal Bellows Market.
It was estimated prior to this unanticipated outbreak that the Aerospace & Defense (A&D) Metal Bellows Market was likely to witness an impressive CAGR of 6.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aerospace & Defense (A&D) Metal Bellows Market Share Analysis
Titanium Alloys are the Most Dominant Material Type
Titanium alloys are likely to remain the most dominant material type over the next five years. Growing composites content in the next-generation aircraft, such as B787 and A350XWB, is the prime factor behind the increased demand for titanium alloys in the industry. Titanium alloys offer excellent coefficient of thermal expansion with composite materials including carbon composites along with other benefits including corrosion resistance.
Edge-Welded Bellow is the Dominant Product Type
Edge-welded bellow is likely to remain the most dominant product type during the forecast period. Edge-welded metal bellows provide superior stroke capabilities and have more precise spring rates as compared to the other metal bellows. They also offer greater flexibility and control in the smallest possible place and are majorly used for fuel drains, reservoirs for A/C systems, accumulators for turbopumps & hydraulic systems, environmental control system, reservoirs for electronics coolant systems, reservoirs & accumulators for prop pitch & flight controls, etc.
Gimbal Joint is the Major Joint Type
Gimbal is likely to remain the most dominant joint type during the forecast period, owing to its superior properties such as flexibility without compromising weight or pressure drop. They smoothly absorb pressure thrust and provide angular flexibility all-round. They are extensively used in the bleed-air ducts and environmental control systems (ECS).
Commercial Aircraft is the Dominant Platform Type
Despite a downfall in aircraft deliveries in 2019, and a severe decline in 2020 (due to COVID-19 outbreak), commercial aircraft is likely to maintain its dominance in the coming five years. B737 including Max, A320 family including neo, B787, and A350XWB are the biggest contributors to the demand for metal bellows in the commercial aircraft segment. Upcoming aircraft programs/variants, such as C919 and MC-21, and B777x, are further likely to substantiate the demand for metal bellows in the segment in the long run.
Engine is the Dominant Application Type
Engine is likely to remain the most dominant application type during the forecast period, owing to extensive usage of metal bellows in aircraft engine hydromechanical fuel controls, aneroid for environmental control systems, nacelle, fuel drain seals, engine gearbox seals, etc.
North America will Maintain its Leading Position
Despite being worse hit by the pandemic, among regions, North America is expected to remain the largest market during the forecast period. Post pandemic, the USA is expected to rebound quickly and will act as the growth engine of the region’s market. The country is marked by the presence of a large number of aircraft OEMs, tier players, metal bellow suppliers, and raw material suppliers.
Asia-Pacific, a relatively small market, is likely to heal up with the fastest pace in the post-pandemic market scenario. The region's market will be driven by a host of factors including an expected increase in the demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China for B737, A320, A330, and A350 aircraft programs; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi SpaceJet); rising aircraft fleet size; and increasing military expenditure by key countries such as China and India.
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