The global aerospace titanium blisk market size was valued at USD 4.60 Billion in 2022 and is expected to surpass USD 6.32 Billion by 2031, expanding at a CAGR of 3.6% during the forecast period, 2023–2031. The growth of the market is attributed to increasing applications of titanium blisks in the new generation aircraft, rising demand for commercial as well as military aircraft, growing concerns for the environment, and decreasing titanium prices.
Demand for military and commercial aircraft is increasing in the aerospace industry. Titanium blisks are used to compress air for propulsion in aircraft engines and gas turbines. The market expansion is supported by increasing aircraft sales. One of the most important contributors to the global economy is the aviation industry.
The commercial space sector, which affects the global aerospace industry, is growing strongly, boosted by strong passenger and cargo demand. When compared to steel and nickel-based superalloys, titanium-based blisk saves up to 50% on weight. Furthermore, as compared to steel and aluminum, titanium offers a superior strength-to-weight ratio. Need for high bypass ratios is growing, along with the demand for low-weight blisks to compensate for the extra weight caused by high bypass ratio.
Aerospace Titanium Blisk Market Trends, Drivers, Restraints, and Opportunities
Drivers
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Growing demand for commercial as well as military aircraft is estimated to fuel the market in the coming years.
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Factors such as high strength, low weight, and low price of titanium prices increased the demand for aerospace titanium blisk across the world, which is projected to boost the market during the forecast period.
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Increasing applications of aerospace titanium blisk in the new generation aircraft promoted the growth of the market during the forecast period.
Restraints
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Steel, ceramic, carbon fiber, silicon carbide, nickel-based alloys, and removable blade blisks are projected to hinder the market growth during the forecast period. Advantages of removable blade blisks over titanium blisks such as easy reparability, less complex and fast manufacture, and chipping act as a major impediment to the adoption of titanium blisks.
Opportunity
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Manufacture of blisks using a technology termed as linear friction welding is one of the primary opportunities for players in the aerospace titanium blisk industry. This procedure employs high pressure to rapidly force two moving parts against each other, generating heat and permanently connecting the components. This results in a single-piece blisk, eliminating both the intricacy of CNC manufacture and the high cost of additive manufacturing. This saves material and ensures that the required strength requirements are met.
Scope of Aerospace Titanium Blisk Market Report
The report on the global aerospace titanium blisk market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Aerospace Titanium Blisk Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Less than 70 cm, 70 cm - 80 cm, and 80 cm - 90 cm), Applications (Commercial, General Aviation, and Military)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast
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Key Players Covered in the Report
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MTU Aero Engines AG, GKN plc, Rolls-Royce Holdings plc, and GE Aviation
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Global Aerospace Titanium Blisk Market Segment Insights
Based on types, the aerospace titanium blisk market is divided into less than 70 cm, 70 cm - 80 cm, and 80 cm - 90 cm. In the aerospace titanium blisk market, the less than 70 cm segment holds the highest share, due to use of blisks with a diameter of less than 70 cm in the majority of commercial and business jet aircraft. The 80–90 cm titanium blisk category is predicted to grow at the fastest rate over the forecast period, due to its increased application in military and next-generation aircraft.
In terms of applications, the global aerospace titanium blisk market is segregated into commercial, general aviation, and military. The commercial segment is anticipated to dominate the market during the forecast period, due to increased passenger and cargo demand all around the world. According to the International Air Transport Association (IATA), the number of scheduled passengers boarding commercial airplanes around the world has increased significantly. This has raised the demand for commercial aircraft, which pushed up the demand for titanium blisk in commercial applications.
On the basis of regions, the global aerospace titanium blisk market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market at a high CAGR during the forecast period, due to increased demand for corporate fleets in the region. However, the APAC region is expected to develop at the fastest rate during the forecast period, owing to several factors such as increased passenger travel, freight demand, and countries such as India and China beefing up their air forces.
Segments
By Types
- Less than 70 cm
- 70 cm - 80 cm
- 80 cm - 90 cm
By Applications
- Commercial
- General Aviation
- Military
By Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
Key Players
- MTU Aero Engines AG
- GKN plc
- Rolls-Royce Holdings plc
- GE Aviation
Competitive Landscape
Increased knowledge of the benefits of titanium-based blisks for aerospace industry applications such as significant weight savings, increased robustness, and lower maintenance costs as compared to standard bladed discs, resulted in a global increase in the adoption of titanium blisk. The market for aerospace titanium blisks is competitive as adoption has grown. MTU Aero Engines AG, GKN plc, Rolls-Royce Holdings plc, and GE Aviation are some of the major players in the market.
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