The C-Class Parts Market in the Global Aerospace & Defense Industry: Highlights
As per Stratview Research, the global aerospace & defense c-class parts market offers a healthy growth opportunity over the next five years and will reach an estimated value of US$ 12.9 billion in 2023. Increasing commercial and regional aircraft deliveries, increasing the share of wide-body aircraft in commercial aircraft deliveries, increasing aircraft fleet size, an advancement in technology, and rising demand for lightweight and high corrosion-resistant fasteners are the key factors that are proliferating the demand for c-class parts in the aerospace & defense industry.

The author cited that commercial aircraft is expected to remain the largest segment for aerospace & defense c-class parts market during the forecast period. The aircraft type is also likely to witness the fastest growth over the next five years.
Hardware components segment is likely to remain the largest parts type in the global aerospace & defense c-class parts market during the forecast period, however, electronic components are projected to witness the highest growth over the next five years, driven by an increasing use of electronic components in the avionics, electrical interconnect harnesses, cabin lighting, IFE (In-Flight Entertainment), air frame, landing gear, engine, flight control, hydraulic system and fuel system.

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Distributors dominate the market across regions and is projected to experience the fastest growth over the next five years as well. High stock keeping units (SKU) of distributors, wide geographical reach, an excellent response time of less than 24 hours, reliable services on 24/7 basis, and large number of unique part numbers are some of the driving forces of distributors’ sales in the global aerospace & defense c-class parts market.
North America is expected to remain the leading region in the aerospace & defense c-class parts market during the forecast period. The region is the manufacturing capital of the aerospace & defense industry with the presence of several large- to small-sized OEMs, tier players, distributors, c-class part manufacturers, and airline companies.

The global aerospace & defense c-class parts market is moderately consolidated with more than 500 players active in the market. Key players are (PCC Fasteners, Arconic Fastening Systems, Lisi Aerospace, RBC Bearings, and Stanley Black & Decker) captured more than 50% of the market in 2015.
Focus on commercial aircraft, collaboration with OEMs for upcoming aircraft, development of innovative lightweight products, target distributors for greater reach, and focus on North America & Asia Pacific are some of the key success factors in the global aerospace & defense c-class parts market.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Category: Aerospace & Defence
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