The demand for aircraft engine components can be attributed mainly to the planned fleet modernization and expansion strategies of various major airlines, aircraft operators, armed forces, and freight operators. Furthermore, the rising demand for new generation engines with low emissions and lower weight to improve the fuel efficiency of aircraft and reduce the carbon emissions are driving the global aircraft engine components market. Presently, prominent components manufacturers are focusing on the research and development of new engine models using advanced technologies like implementation of additive manufacturing and integration of composite technologies. However, the development of electric aircraft to reduce environmental impact is hindering the growth of conventional engine components manufacturers.
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Top Key Major Players:
1.Clarendon Specialty Fasteners
2.Eaton Corporation Plc
3.JAMCO Corporatio
4.MS Aerospace
5.MTU Aero Engines AG
6.Parker Hannifin Corporation
7.Precision Threaded Products
8.Raytheon Technologies Corporation
9.Safran SA
10.STANLEY Engineered Fastening