DEFENSE AND SPACE

Aerospace Plastics Market Analysis By The Business Research Company

The Business Research Company | July 04, 2022 | Read time : 1 min

Aerospace Plastics
The aerospace plastics market consists of sales of aerospace plastics by entities that provide durability, chemical, and fire resistance required for aircraft parts and interiors. Aerospace plastics are long-lasting and require less maintenance than other materials. These are lightweight, provide the same strength as metals, do not rust, and are easy to fabricate.

The global aerospace plastics market size is expected to grow from $0.67 billion in 2021 to $0.71 billion in 2022 at a compound annual growth rate of 4.7%. The global aerospace plastics market forecast sees it reaching $0.87 billion in 2026 at a CAGR of 5.4%.

Aerospace Plastics Market Growth
The increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace plastics market. The aircraft fleet is known as the number of airplanes operated by the respective airline. Increasing fleet size requires new aircraft parts to be installed and the replacement of the old parts, thereby promoting the growth of aerospace plastics used in the manufacturing of aircraft parts. For instance, according to Boeing, a US-based aerospace company's commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the aerospace plastics market.

Aerospace Plastics Market Regional Analysis
North America accounts for the largest aerospace plastics market share. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global aerospace plastic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Spotlight

Even if traveling around the Philippines – an archipelago of over 7,100 islands – is most convenient by flying, it was only in 2005 when the local airline industry started to soar. That was when Cebu Pacific, the first in Asia to introduce the budget airline concept, decided to fully embrace the low-cost model. Since then, other local airlines followed, also dropping fares to as low as P1 or zero, offering online ticket buying, and opening new routes here and abroad.


Other News
BUSINESS AVIATION

LeaseWorks Advances Novus Aviation Capital’s Digital Transformation

Novus Aviation Capital | September 21, 2022

LeaseWorks, a leading provider of cloud-based solutions and services to the aviation industry, announced during the ISTAT EMEA conference that Novus Aviation Capital deployed the company’s Aeris Asset software to support the day-to-day management of the Dubai-based lessor’s global leasing operations.With a focus on enhancing the leasing platform’s agility and innovation, the Novus team sought out asset management software that would be fully customizable, providing finance, technical, contracts and marketing departments with one true source of information about their aircraft. “We are thrilled to expand our relationship with Novus and enhance the platform’s competitive advantage by providing a single source of truth for managing, trading and marketing assets,” Haseem Vazhayil, CEO, LeaseWorks. The Novus team leverages Aeris Asset’s robust capabilities to: Customize Tech Spec and Lease Summary dashboards for use by Technical; Generate on-demand reports for management; Automate the flow of asset and lease information from Deal Management into Lease Management, eliminating redundant data entry; and Integrate ongoing software improvements via quarterly product releases. Mamoun Kuzbari, Novus’ Chief Commercial Officer, explains that owing to the ease of use and wide-ranging functions of Aeris Asset, our team was able to accelerate the digital transformation initiative effort and streamline the decision-making process across the technical, contracts, finance and commercial teams. We built the Aeris Asset solution with lessors’ unique needs in mind, ensuring that the software provides a simple and intuitive interface and a flexible framework that enable team members to perform complete customizations, with little or no external support adds Vazhayil. Aeris Asset provides lessors’ teams with the ability to: Better manage asset and lease data; Automate Business Intelligence reporting; Customize Tech Spec and Lease Summary dashboards; Integrate enhancements via quarterly product releases; and Integrate seamlessly with Aeris Match to feed data from deals to lease management and vice-versa, providing real-time access to information for decision-making About LeaseWorks LeaseWorks® provides cloud-based products and services to the aviation leasing community, with solutions for both lessors and airlines. Aeris MATCH™ helps lessors more quickly and effectively deploy their aviation assets with airlines around the globe. Aeris ASSET™ allows both lessors and airlines to manage the intricate details of aviation leases. These are the first two of a suite of products that will constitute a full-life-cycle portal for managing leased aviation assets. www.lease-works.com About Novus Aviation Capital Established in 1994, Novus Aviation Capital (“Novus”) is an independent, privately held aircraft leasing platform, focused on investing in commercial aircraft assets. The Novus team operates out of its four global offices in the Middle East, Europe, and Asia and is active in operating and financing leases, mezzanine and, junior debt as well as third-party aircraft remarketing, servicing and, advisory services

Read More

AVIATION TECHNOLOGY

Archer to Unveil Production Aircraft Midnight™ at its November 16th Open House Event

Archer Aviation | October 14, 2022

Archer Aviation Inc, today announced that they will be unveiling Midnight, the company’s first production eVTOL aircraft, at an Open House event on November 16, 2022. The event will provide further details on the aircraft’s specifications and capabilities, including its proprietary electric powertrain system, as well as the company’s progress towards FAA certification of the Midnight aircraft. In August of this year Archer first announced Midnight, following the successful completion of the aircraft’s Preliminary Design Review (PDR). The PDR covered all aspects of the aircraft’s specifications and manufacturing requirements, necessary pre-conditions for determinations that the design is feasible for regulatory compliance and viable to bring to market. Midnight is expected to have a payload of 1,000+ pounds, which supports four passengers and a pilot, and a charging turnaround time of approximately 10 minutes for the company’s target flights, enabling Archer’s UAM network operating model.In August 2022, United Airlines made a $10m pre-delivery payment for 100 of the Midnight aircraft, further signaling the carrier’s confidence in the aircraft’s development. In addition to announcements around Midnight’s technical capabilities, attendees of the Open House will have the opportunity to view a test flight of the company’s full-scale technology demonstrator at Archer’s flight test facility. “From day one, Archer’s goal has been to build a commercially viable business that will revolutionize intra-city travel. We’ve made phenomenal progress in the development of our eVTOL aircraft technology and I am excited to share the aircraft that will deliver on that vision as part of our Open House event,” Adam Goldstein, Archer’s CEO. Partners participating in the event will include United Airlines, as well as global automotive manufacturer, Stellantis. Stellantis has been working with Archer since early in their eVTOL aircraft’s development, and are a key partner in Archer’s plans to achieve manufacturing at scale for its aircraft.Collaboration has always been a cornerstone of our mission,” said Tom Muniz, Archer’s Chief Operating Officer. “Delivering a safe, sustainable revolution in air travel will take our collective vision and expertise, and I can’t wait to stand alongside the Archer team next month to share how together we are bringing our long-term plans to life. About Archer Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA.

Read More

AIR TRANSPORT

Constant Aviation Adds Philadelphia-Based Aircraft on Ground Mobile Response Capabilities

Constant Aviation | September 14, 2022

Constant Aviation today announced that it has added to its nationwide AOG (Aircraft on Ground) mobile response network with a new Philadelphia-based group that will focus on servicing southeastern Pennsylvania and southern New Jersey. It is the second new location announced this year after the new station in Salt Lake City. Constant Aviation now operates 28 AOG teams nationally, up by more than 30 percent from the 21 teams in 2020. “In my 25 years in the private aviation industry, this continues to be one of the most robust periods we have seen and that has generated record demand for our services,The increase in AOG service locations is intended to help meet current demand, but mobile AOG services have proven sustainable in all market conditions as aircraft always need on-demand service at the hundreds of smaller airports that lack substantial maintenance capabilities.” David H. Davies, Constant Aviation’s Chief Executive Officer Davies said that Constant Aviation is bolstering its capabilities by expanding hiring, not only in its newest locations – Philadelphia and Salt Lake City – but also in such high-demand areas as California, Texas, Florida, the Chicago and Scottsdale metro areas and the greater Northeastern U.S. “We’ve always said our most important asset is our workforce of trained, talented technicians, and that has never been more true than during the current surge in business,” said Davies. “We’re looking to expand our team by recruiting new technicians through a range of channels, and offering not only opportunity but also the most competitive compensation and the best working conditions in the industry.” Constant Aviation Steps Up Technician Recruitment Efforts Constant Aviation recently enhanced its Maintenance Technician Apprenticeship Program, which enables applicants without military or college training to participate in a two-year aviation services program and earn the FAA Airframe Certification, a first step in a career in aviation services. Program participants learn by performing technical tasks alongside veteran technicians and participate in classroom and lab work all while earning a steady income. Constant Aviation covers the cost of all training and certification testing for the program.In addition to the apprenticeship program, the company is recruiting established technicians by offering a $15,000 signing bonus for military veteran candidates, a $2,000 signing bonus for other successful technical position candidates and grants of up to $8,000 to successful aircraft-on-ground (AOG) technician candidates following the completion of their first year with the company. Constant Aviation also boosted recruitment and retention by increasing pay to all technicians by 10 percent, offering tuition reimbursements and increased paid time off and expanding career-enhancing training opportunities, with training engagements up 150 percent. AOG a Critical Part of Aircraft Maintenance Services Constant Aviation’s 28 AOG mobile teams now support 86 aircraft models from 14 manufacturers, and each AOG vehicle is fully equipped and supplemented with expanded tooling strategically placed around the country, so aircraft can be serviced wherever they are located, whether in a hangar, at an FBO or on a ramp. In addition to its nationwide network of mobile technicians, Constant Aviation operates full-service aircraft maintenance facilities at Cleveland Hopkins International Airport (ICAO: KCLE) and Orlando Sanford International Airport (ICAO: KSFB) that provide airframe and engine maintenance, major repairs, avionics, interiors and painting. About Constant Aviation Constant Aviation specializes in aircraft and engine maintenance, major repairs, avionics, interiors and paint. In addition, it offers mobile response services through its AOG division, and accessory and composite services through its Nextant Aerospace division. With more than 15 years of expertise in a comprehensive array of business jet airframes, Constant Aviation has raised the bar in aircraft maintenance expectations by focusing on quality, always. Constant Aviation is the official aircraft maintenance and AOG support of the NHRA and the title sponsor of the NHRA Factory Stock Showdown class.

Read More

BUSINESS AVIATION

Private Jet Company Volato Strengthens Tech-Focus with CTO Hire

Volato | October 07, 2022

Volato, the most efficient way to experience a luxury private jet, today announced that Steve Drucker has joined the team as Chief Technology Officer. Since its inception, Volato has focused on delivering business model innovation through its successful fractional ownership and Stretch Jet Card programs and can now accelerate its tech innovation and product development for the industry with this new CTO hire. Steve Drucker brings to the company nearly three decades of experience building development teams as well as enterprise and consumer facing products. He was previously the Chief Information Officer and EVP of Software Engineering at a publicly listed company, project lead for www.wmata.com, and has authored over a dozen books about software development for Salesforce.com, Adobe, Intel, and others. Effective immediately, Steve will manage Volato's existing team of in-house developers. "There currently exists a tremendous gap in the requirements for aviation operational and customer focused software services, From the very beginning, Volato has been aware of this opportunity and knows how tech can be a disruptor in the industry. We have been carefully working towards closing the gap and Steve will be a critical part in the implementation of future plans. We are very excited to have him join our team to lead our technology efforts" Josh Newsteder, Director of Operations at Volato I am delighted to join the team at Volato and to once again work with past colleagues that I have long respected," commented Drucker. He continued, "I am impressed with the company's vision for the industry, their culture of innovation and the building of aviation solutions that put their fractional owners and passengers first. Volato operates one of the largest and most modern fleets of HondaJets in the world with 11 aircraft and 18 on order, and now offers fractional shares in a fleet of Gulfstream G280's. Other products include charter services, the Stretch Jet Card: the only in-fleet jet card that rewards flexibility, and Volato Aircraft Management Services with a focus on HondaJets and large cabin aircraft. With IS-BAO Stage 2 and ARGUS Platinum safety ratings and an accident-free history, Volato operates with the highest safety standards of any HondaJet operator. In addition, Volato offsets the CO2 on every gallon of fuel used by its fleet through its program with 4AIR and provides pilots with robust training and a balanced lifestyle. Volato is positioned to be an industry leader as it continues to develop the most innovative solutions in private aviation. About Volato: Volato is a full-service aviation company providing modern ways to enjoy luxury private jets through innovative, friendly, and sustainable solutions. Volato provides a fresh approach to fractional ownership, aircraft management, jet card and charter programs. Volato's fractional program uniquely offers flexible hours and a revenue share on every live mission for owners in a fleet of bespoke HondaJet Elites which are optimized for missions of up to four passengers, and Gulfstream G280's which are optimized for missions of up to ten passengers.

Read More

Spotlight

Even if traveling around the Philippines – an archipelago of over 7,100 islands – is most convenient by flying, it was only in 2005 when the local airline industry started to soar. That was when Cebu Pacific, the first in Asia to introduce the budget airline concept, decided to fully embrace the low-cost model. Since then, other local airlines followed, also dropping fares to as low as P1 or zero, offering online ticket buying, and opening new routes here and abroad.

Resources