Aerospace and Defense Metal Stamping Market by Component (Housings and Enclosures, Assemblies, Brackets, Clips, Cylinders, Electrodes, Fasteners, Relays), Process (Embossing, Flanging), and Material (Aluminium, Steel) - Global Forecast to 2027

The Aerospace and Defense Metal Stamping Market is expected to reach $33.6 billion by 2027, at a CAGR of 4.6% during the forecast period of 2020 to 2027. Rising demand for commercial aircraft, growing demand for fighter jets with growing security concerns across the globe, increasing demand for high-quality precision components, rising investments in metal stamping facilities, and rising technological advancements are some of the key factors driving the growth of the aerospace and defense metal stamping market. In addition, emerging Asia-Pacific and Latin American economies are expected to create lucrative growth opportunities for players operating in this market.

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Impact of Covid-19 on Aerospace and Defense Metal Stamping Market

COVID-19 pandemic has adversely hit many economies around the globe. The pandemic has affected more than 100 countries infecting more than 7,759,691 people and killing 430,127 as of 14th June 2020 (Source: European Centre for Disease Prevention and Control). As a measure to control the spread of this disease and avoid related severe consequences, governments across the globe have announced partial or complete lockdown, which has majorly impacted many manufacturing and service industries, including aviation. Due to the impact of COVID-19, the aviation industry’s value chain, including the aviation service industry, sharply reduced passengers traveling by air. This has reduced aircraft orders and declined the demand for aircraft components and metal stamping. The detailed impact on each of these aviation industry segments is as follows:

• Impact on the Civil Aviation Industry

This current situation has had a substantial impact on the aviation industry due to restrictions on international & domestic travel in some countries and reduced demand from travelers due to the fear of getting infected. The subsequent decline in the number of passengers traveling by air has caused planes flying empty or with few passengers between airports and reduction in flight frequencies by the cancellation of flights, which consequently has reduced revenues for airlines in 2020. This has led to major layoffs and bankruptcy for some airlines.

In 2020, the aviation industry has registered a significant decline in passengers. For instance, the European region noted a huge toll on air travel demand with air carriers having either suspended all flights or reduced their flight schedule by 60-95%. Similarly, according to the International Air Transport Association (IATA), many countries in the Asia-Pacific region have noted a decline of 40-50% in passengers in 2020 in comparison to 2019.

• Impact on the Aircraft Manufacturing Industry

With a significant decline in the number of passengers traveling by air, flights flown, and airline revenue, many airlines have either postponed their aircraft purchase plans or canceled some recently placed orders in 2020, which has strongly affected the aircraft manufacturing sector. For instance, the U.S. aerospace and defense industry, which includes industry leaders, such as Boeing, Lockheed Martin, and Northrop Grumman, is down over 40%. For the entire month of January 2020, Boeing did not have a single order for the first time since 1962. Airbus, meanwhile, experienced a strong finish to the year in January but followed in Boeing’s path with zero orders in February. A similar impact has been noted by many aircraft manufacturers placed across the globe.

• Impact on Related Manufacturing Industry, Including Metal Stamping

With reduced production and less maintenance requirement in the current situation, the demand for aircraft components from various levels of manufacturing, including metal stamped parts, has declined in the first half of 2020. The defense industry has resisted the slowdown in its production due to the same reasons. However, the demand in the defense industry over the next two years is unlikely to be affected since budgets for these projects had been already allocated prior to the pandemic and they are critical to national defense.

Thus, the decreased aircraft production in the aerospace and defense industry has relatively affected the demand for various aircraft parts and metal stamped components in recent months. This is projected to continue throughout 2020 and 2021 due to the growing COVID-19 infected population in some countries, adversely affecting the global aerospace and defense metal stamping market revenue in 2020 and 2021.

Rising Demand for Commercial Aircraft Fuels the Growth of the Aerospace and Defense Metal Stamping Market

The commercial aircraft industry is poised to register tremendous growth during the next few decades due to the rising tourism sector, rising passenger traffic, accelerated equipment replacement cycles, decreasing crude oil prices, and increasing aerospace & aviation spending. All these factors are driving the pace of record production levels of next generation aircraft from aerospace manufacturers. Also, the intense competition among vendors in this industry is further driving the pace of technological innovation in this sector.

Further, the rising urbanization, rising tourism sector, and increasing middle-class population & their total annual income have drastically increased the air passenger traffic across the globe, especially in emerging countries like China, India, Brazil, Russia, and Mexico. For instance, according to the World Bank, the global number of passengers traveling by air has increased from 2.62 billion in 2010 to 4.23 billion in 2018. The International Civil Aviation Organization (ICAO) has further projected this number to increase to 10 billion by 2040. With the rising passenger traffic and the gr0owing number of tier I & II cities across the globe have relatively increased the number of airports. For instance, according to the IATA, CAAC, and Bombardier Analysis, the number of Chinese airports will significantly increase soon from ~180 airports in 2010 to ~290 airports in 2020. Therefore, the rising number of passengers traveling by planes and a growing number of airports are driving the demand for new aircraft from all regions & countries across the globe. For instance, according to the estimates by Boeing, the demand for civilian aircraft fleets globally is projected to increase to 43,340 in 2035 from 21,480 in 2015. The Asian region is expected to register the fastest growth in demand from 6,350 units in 2015 to 16,970 units by 2035.

All the above factors indicate that the overall aerospace & aviation industry, including aircraft manufacturing, is expected to grow significantly during the analysis period, which, in turn, will increase the demand for metal stamped components and parts.

Key Findings in the Global Aerospace and Defense Metal Stamping Market Study:

Clips/connectors/fasteners to dominate the overall aerospace and defense metal stamping market in 2020

Based on component, the clips/connectors/fasteners segment is estimated to command the largest share of the overall aerospace and defense metal stamping market in 2020. The largest share and the fastest growth of the clips/connectors/fasteners segment is mainly due to the rising demand for aircrafts across the globe and growing adoption of a variety of clips, connectors, and fasteners for the assembly and connection of various joint structures during aircraft manufacturing and aftermarket care of old airline fleets.

Communication devices application to grow with the fastest CAGR during the forecast period

Based on application, the communication devices application segment is expected to grow with the fastest CAGR during the forecast period. The fast growth of this segment is primarily attributed to the rising number of passengers traveling by planes, a growing number of airports, and the rising adoption of broadband-based wireless data connectivity of aircraft to airports.

Commercial & civil aircraft sector to dominate the overall market in 2020

Based on sector, the commercial & civil aircraft sector is estimated to command the largest share of the overall aerospace and defense metal stamping market in 2020. The largest share of this segment is mainly attributed to the rising demand for the next-generation commercial aircraft over the old aircraft to meet the regulatory standards on maintenance & safety and achieve fuel-efficiency, large demand for metal stamped parts for the construction of civil & commercial aircraft, and the accelerated equipment replacement cycles.

Bending process segment to grow with the fastest CAGR during the forecast period

Based on the process, the bending process segment is expected to grow with the fastest CAGR during the forecast period. The fast growth of this segment is primarily attributed to its wide application in the aircraft industry due to its stability and durability and its ability to produces a wide range of custom sheet-metal products.

Aluminum segment to dominate the overall aerospace and defense metal stamping market in 2020

Based on material, the aluminum material segment is estimated to command the largest share of the overall aerospace and defense metal stamping market in 2020. The large share of this market is mainly attributed to the major factors such as its higher adoption in aerospace manufacturing with its easy processing and high availability, lightweight nature, high strength to weight ratio, and relatively low cost.

Asia-Pacific: The fastest growing regional market

At regional level, the aerospace and defense metal stamping market is estimated to be dominated by the North America in 2020, while, Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The fast growth of this market is mainly attributed to the significantly growing demand for new aircraft fleets with increasing number of passengers traveling by air and rising investments in new air stations. Moreover, the factors such as rising government investments to support the growth of the aerospace & defense sector, rising focus of key manufacturers & related vendors in the value chain, and shift in manufacturing from North America & Europe to this region are further supporting the growth of the Asia-Pacific market.

Key Players

The aerospace & defense metal stamping market is highly fragmented with the presence of many small private vendors in the market. Some of the key players operating in the global aerospace and defense metal stamping market are American Industrial Company (U.S.), Keats Manufacturing Company (U.S.), Wiegel Tool Works Inc. (U.S.), Hudson Technologies (U.S.), K S Tooling Inc. (U.S.), AAA Tool and Machine Co. (U.S.), Pacific Metal Stampings Inc. (U.S.), Tempco Manufacturing Company, Inc. (U.S.), D&H Industries Inc. (U.S.), Klesk Metal Stamping Co. (U.S.), Clow Stamping Company (U.S.), ACRO Metal Stamping Co. (U.S.), National Die Company Inc. (U.S.), Henan Kathysia Industrial Co, Ltd., (China), Kölle GmbH (Germany), Forgeavia (France), and Weiss-Aug Co., Inc. (U.S.), among others.

Scope of the report:

Aerospace and Defense Metal Stamping Market, by Component

• Clips/Connectors/Fasteners
• Cylinders
• Switches
• Bushings
• Assemblies
• Housings & Enclosures
  • Housings & Enclosures Market, by Type
    • Thermal Battery/Capacitor Housings & Enclosures
    • Other Housings & Enclosures
  • Housings & Enclosures Market, by Sector
    • Commercial Aircraft Sector
    • Military/Defense Aircraft Sector
• Electrodes
• Wire Forms
• Shields
• Relays
• Terminals
• Brackets
• Frames
• Other Components

Aerospace and Defense Metal Stamping Market, by Application

• Signal and Power Systems
• Power Distribution Systems and Controllers
• Large Components
• Flat Connection Systems
• Oxygen Generating Systems
• Communication Devices
• Other Applications

Aerospace and Defense Metal Stamping Market, by Sector

• Commercial & Civil Aircrafts Sector
• Military/Defense Aircrafts Sector

Aerospace and Defense Metal Stamping Market, by Process

• Blanking
• Embossing
• Bending
• Coining
• Deep Drawing
• Flanging
• Others

Aerospace and Defense Metal Stamping Market, by Material

• Aluminium
• Steel
  • Stainless Steel
  • Carbon Steel
  • Galvanized Steel
  • Cold-Rolled Steel
• Titanium
• Copper
• Other Materials

Aerospace and Defense Metal Stamping Market, by Geography

• North America
  • U. S.
  • Canada
• Europe
  • France
  • U. K.
  • Germany
  • Italy
  • Spain
  • RoE
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • RoAPAC
• Latin America
• Middle East and Africa

Key questions answered in the report: