Class C parts are small in size and inexpensive, but they are one of the most critical components used in an aircraft. They are located throughout the aircraft, including the fuselage, wings, landing gear accessories, control surfaces, flight control activation systems, and air intake areas near the engine.
Hardware components make up almost half of the Class C parts used in the aeronautical industry and constitute parts that include fasteners, bolts, screws, nuts, rivets, springs, valves, washers, etc. Fasteners, the largest category of hardware components, include a wide range of highly engineered aerospace parts that are designed to hold two or more components together. The bearings mainly include airframe control bearings, rod ends, ball bearings, needle bearings, bushings, and precision bearings. Electronic components mainly include connectors, relays, switches, circuit breakers, and illuminated products. Machined parts primarily include brackets, milled parts, shims, stampings, and turned parts.
Changing dynamics in the global defense and aerospace industry have an impact on the Class C aftermarket market. For example, major original equipment manufacturers such as Boeing and Airbus are incorporating a large number of composite materials into their aircraft. Next Generation. Composite-rich aircraft generally require fewer C-class parts than an aircraft made from traditional non-composite materials. Parts used in next-generation aircraft are generally priced higher than C-class aerospace parts used in non-composite aircraft structures.
The global aerospace and defense class c spare parts market offers a healthy growth opportunity of 4.4% CAGR during the forecast period of 2016 to 2021 and reaches US $ 12.1 billion. Increasing commercial and regional aircraft deliveries, advancing technology, and the growing size of the aerospace and defense fleet are key drivers in the global aerospace and defense market.
Hardware components dominated the global aerospace and defense market in 2015, followed by bearings, electronic components, and machined parts. North America is expected to continue to be the leading region in the aerospace and defense class c parts market, as it is the manufacturing hub for major tier players and aerospace and defense OEMs.
The supply chain for this market includes raw material manufacturers, Class C parts manufacturers, distributors, tier players, aerospace OEMs, and airlines. Key distributors are Wesco Aircraft, Kellstrom industries, and Aviall Services, and the leading aerospace OEMs are Boeing, Airbus, Comac, Bombardier, Embraer, ATR, Lockheed Martin, Cessna, and Gulfstream.
The leading manufacturers of Class C aerospace and defense parts are Precision Casts Parts (PCC), Arconic Fastening Systems, Lisi Aerospace, RBC Bearings, Stanley Black & Deker, Eaton Corporation and Amphenol Corporation. New product development, collaboration with tier players and OEMs, and long-term contacts are the key strategies adopted by major players to gain a competitive advantage in the market.