Aircraft Interior Fasteners Market Projected to Reach US$ 2,795.2 Million in 2023
Aircraft fasteners are used to assemble and hold various parts of an aircraft together. They play a vital role in an aircraft and are amongst the most essential hardware components. A wide variety of fasteners are used in the interior of an aircraft, such as bolts, screws, nuts, rivets, potted-inserts, clamps, and flanged spacers. They are used not only to join different parts of aircraft together like aircraft structure to the skin, but are also used to install and to affix components, such as seats, stowage bins, and panels to the aircraft body. Fasteners have a very large share in hardware components used in an aircraft, as about 45-50% of the components used in an aircraft are fasteners. For instance; Airbus’ A380 aircraft has six million components out of which more than three million are fasteners.
The global aircraft interior fasteners market is likely to grow at a healthy rate over the next five years to reach US$ 2,795.2 million in 2023. The major driving factor for the aircraft interior fasteners market is an incessant increase in air passenger traffic all around the world, which is triggering an increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and increasing aircraft fleet size. All these factors are likely to contribute to a sustainable growth platform for the aircraft interior fasteners market.