Lewes, DE -- (SBWIRE) -- 05/23/2016 -- Report forecast the Global Commercial Airframe Component Market to grow at a CAGR of 4.06% during the period 2016-2020.

Aircraft components such as empennage, wings, fuselage, undercarriage, pistons, and turbine engines are made of individual parts that operate in a closed orientation. One of the major problems faced by aircraft designers is to strike a balance in the weight-to-strength ratio in a manner that the aircraft weighs less but has enough strength to withstand all possible loads during its service lifetime. They should also ensure that an aircraft qualifies a healthy safety margin of at least 50%.

The report covers the present scenario and the growth prospects of the Global Commercial Airframe Component Market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market for market size calculation.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key driver of market growth is the increased demand for aircraft globally. Growing economy and rising tourism have significantly influenced the global air traffic. The travel and tourism segment contributed $7.58 trillion (9.8% of GDP) in 2014-15 and is expected to show a rise of 3.7% in 2015-16, and reach $11.38 trillion (10.5% of GDP) in 2025, reflecting a 3.8% increase per annum.

Further, the report states that one challenge that could hamper market growth is stringent regulatory norms as vendors in this market have to adhere to regulations in different countries.

Global Commercial Airframe Component Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Commercial Airframe Component Market: Avcorp Industries, Exelis, Ferra Engineering, Precision Castparts, and Triumph Group.

Other Prominent Vendors in the market are: HITCO Carbon Composites, LISI Aerospace, RUAG Aerostructures, Sonaca, and TAL Manufacturing Solutions.

Market driver
- Increased demand for aircraft
- For a full, detailed list, view our report

Market challenge
- Stringent regulatory norms
- For a full, detailed list, view our report

Market trend
- Implementation of folded wings
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages and 38 Exhibit "Global Commercial Airframe Component Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global aerospace and defense supply chain system, Global aerospace and defense value chain system, Market segmentation by components, Geographical segmentation, Key leading regions, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-commercial-airframe-component-market-2016-2020

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