aerospace fasteners market

Rise in demand for commercial aircrafts has led to an increase in the production of aerospace fasteners, which is expected to drive market revenue growth Market Size – USD 7.40 Billion in 2020, Market Growth – at a CAGR of 6.8%, Market Trends – Growth of aerospace sector The  aerospace fasteners market size is expected to reach USD 14.39 Billion in 2030 and register a revenue CAGR of 6.8% over the forecast period, according to the latest report by Reports and Data. Steady market revenue growth of aerospace fasteners is due to a number of factors such as increase in production of commercial aircrafts, rising defense expenditure and an increase in global tourism. However, growing application of composite materials in aerospace manufacturing could affect market revenue growth over forecast period. The aerospace industry employs a variety of standard fasteners, including screws, rivers, nuts, bolts, pins, and collars. As aerospace equipment and structures are often subjected to extre