Market Highlights
Surface technology refers to a diverse range of processes and methods applied to alter the properties of material surfaces for improved performance or functionality. These techniques can include coating, shot peening, chemical processing, plating, and other treatments designed to enhance hardness, corrosion resistance, or aesthetics. These processes can involve the application of thin films, layers, or treatments to alter the material's surface properties without fundamentally changing its bulk composition. By employing advanced surface technologies, manufacturers can achieve specific characteristics in materials, contributing to innovation and meeting the evolving demands of modern technology and industrial applications.
The aerospace surface technology market is likely to rebound at a promising CAGR of 4.7%, in the long run, to reach US$ 3.8 Billion in 2032. Aerospace components are subjected to harsh environmental conditions, including exposure to moisture, salt, chemicals, and temperature variations. Surface technologies, such as coatings, plating, and chemical processing, provide effective corrosion protection, extending the service life of critical components and structures and reducing maintenance costs. In addition to that, the aerospace industry is experiencing steady growth driven by rising air travel, expansion of commercial aircraft fleets, increasing defense spending worldwide, and rising MRO services. Thus, the importance of surface technologies in ensuring the performance, reliability, and safety of aircraft components will only increase during the forecast period.
Recent Market JVs and Acquisitions:
- In April 2022, Novaria Group, based in Fort Worth, Texas, acquired the majority of assets from Hohman Plating in Dayton, Ohio, enhancing its aerospace & defense offerings with Hohman's expertise in finishing and coatings.
- In October 2021, Valence Surface Technologies LLC successfully acquired H&W Global Industries, Inc., a prominent provider of surface treatment services for aerospace & defense products in the Northeast region of North America, strengthening Valence's position and approvals with major A&D primes.
- In March 2020, Praxair Surface Technologies (PST) and Siemens extended their collaboration through a new agreement, encompassing coating services for Siemens products, particularly aerospace and industrial gas turbine components, to be treated with advanced processes across PST's global facilities in Germany, Italy, the United Kingdom, and the United States.
Market Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Platform-Type Analysis
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Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAV, and Spacecraft.
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Commercial aircraft is anticipated to remain the biggest demand generator in the years to come.
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Process-Type Analysis
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Thermal Spray Coating, Shot Peening, Paint & Spray Coating, Chemical Processing, Plating, and Others.
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Paint & spray coating is expected to be the dominant process type in the market during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World.
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North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
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Based on the platform type, the aerospace surface technology services market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, UAV, and spacecraft. Commercial aircraft is expected to remain the largest platform in the market during the forecast period due to the sheer volume of commercial aircraft production and operation necessitating extensive surface technology applications for durability, safety, and performance optimization. Additionally, the commercial aviation sector's continuous pursuit of fuel efficiency, environmental compliance, and passenger safety propels ongoing investments in advanced surface technologies. As the industry evolves, the demand for innovative coatings and treatments to address aerodynamic efficiency, structural integrity, and overall reliability ensures the sustained prominence of commercial aircraft within the surface technology domain.
Based on the process type, the market is segmented into thermal spray coating, shot peening, paint & spray coating, chemical processing, plating, and others. Paint & spray coating is expected to remain the dominant process type in the market during the forecast period in the wake of its versatility and broad applicability, which is well-suited to meet the intricate and diverse requirements of the aerospace industry. Its capacity to provide uniform and protective coatings across a range of materials is expected to contribute significantly to enhanced durability and performance, positioning it as the primary choice in the industry. This preference is underscored by the process's ability to address critical factors such as lightweight structures, corrosion resistance, and advanced thermal management, aligning seamlessly with the aerospace industry's focus on optimizing strength-to-weight ratios for improved fuel efficiency and overall aircraft performance. The adaptability of paint & spray coating to various surfaces and complex geometries further solidifies its standing as a preferred solution for meeting rigorous safety and reliability standards within the aerospace domain.
In terms of regions, North America is expected to remain the largest market for aerospace surface technology during the forecast period. This region is home to some of the world's leading aerospace manufacturers, research institutions, and technological innovators. The concentration of these entities fosters a robust ecosystem for the development and adoption of cutting-edge surface technologies within the aerospace industry. Additionally, the North American aerospace industry places a strong emphasis on meeting and exceeding stringent regulatory standards. This commitment to compliance and safety drives the adoption of surface technologies that enhance corrosion resistance, fatigue strength, and overall structural integrity, crucial factors in ensuring the safety of air travel. Asia-Pacific is also most likely to create sizeable opportunities in the coming five years, driven by the burgeoning aerospace industry, increasing air travel demands, and a rising focus on technological advancements.
Key Players
The following are the key players in the aerospace surface technology market:
- Curtiss-Wright Surface Technologies
- Lincotec Surface Technologies
- Valence Surface Technologies
- Linde Gas & Equipment Incorporation
- Oerlikon Surface Solutions
- StandardAero
- Novaria Group
- Embee Processing
- Nihon Parkerizing Company Limited
- Aalberts Surface Technologies
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aerospace surface technology services market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
The aerospace surface technology market is segmented into the following categories.
Aerospace Surface Technology Market, by Platform Type
- Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Spacecraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Surface Technology Market, by Process Type
- Thermal Spray Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Shot Peening (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paint & Spray Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical Processing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Surface Technology Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
