1 Global Aerospace Screws Market Insight Analysis
The global Aerospace Screws market is valued at USD 1,373.86 million in 2024, growing at a CAGR of 6.38% from 2024 to 2033.
A screw is an externally threaded fastener capable of being inserted into holes in assembled parts, of mating with a preformed internal thread or forming its own thread, and of being tightened or released by torquing the head. An externally threaded fastener that has a thread form that prohibits assembly with a nut having a straight thread of multiple pitch lengths is a screw.
Aerospace screws are the most commonly used threaded fastening devices on aircraft. They differ from bolts in that they are usually made of lower-strength materials. They can be installed with loose-fitting threads, and the head shape can be matched with a screwdriver or wrench. Some screws have a well-defined grip or unthreaded portion, while others are threaded along their entire length. Commonly used screws include structural screws, machine screws and self-tapping screws. There are mainly aerospace screws made of Titanium, Steel, Aluminum, and Compound Materia.
Figure Global Aerospace Screws Market Size (M USD) and CAGR (2024-2033)
2 Aerospace Screws Market Growth Drivers and Restraints
Development of the aviation market: Aviation screws are mainly used for connecting aircraft parts. In recent years, the military expenditure and equipment expenses of many countries in the world have grown steadily, the production of civil aircraft has gradually increased, the number of civil aircraft has increased, and the maintenance needs have also increased accordingly. These factors have jointly promoted the steady growth of the market size of aviation fasteners (including aviation screws), and the prosperity of the aviation market has largely driven the development of the aviation screw market.
Technological progress: The independent research and development breakthroughs and technological progress of the aviation industry have significantly improved manufacturing capabilities. For example, 3D printing and additive manufacturing technologies are applied to the production of parts such as aviation screws, which helps to improve production efficiency and product quality, and further promote market growth. At the same time, super alloys used to manufacture aviation screws have also promoted the development of the market due to their advantages in cost-effectiveness, weight, high-temperature stability, etc.
Prosperity of the civil aviation industry: The booming civil aviation industry is one of the key factors in the growth of the aviation screw market. With the development of the global economy and the increase in people’s travel needs, the civil aviation industry continues to expand, and the demand for aircraft has increased, which has directly driven the market demand for aviation screws. In addition, the favorable policies introduced by the government to improve air transportation infrastructure have also provided support for the development of the aviation screw industry.
Raw material supply and cost issues: The limited supply of raw materials required to produce aviation screws is a major challenge facing manufacturers. Rising global commodity prices, rising prices of metals such as steel and aluminum, and the imposition of tariffs on steel and aluminum by the United States under the 232 Act have increased raw material costs, which in turn has hindered market growth.
Process technology limitations: Aviation screws are constrained by process technology. Aviation vehicles have strict requirements on their materials, manufacturing processes and tolerances, a wide variety of products, and large orders from complete machine manufacturers with diverse product types, which presents significant scale barriers. Moreover, the development of aviation vehicles is a complex system engineering, and the selection, development and verification cycle of fasteners is long. In addition, the relatively low technical level of the aviation screw industry in many countries and weak competitiveness in the global market also have an adverse impact on the development of the industry.
3 Technological Innovations in the Aerospace Screws Market
Material innovation: In order to meet the requirements of aircraft for lightweight, high strength and high temperature resistance, aviation screws are constantly innovating in materials. Materials such as titanium and super alloys are widely used. Titanium has the same strength as steel and alloy steel, but is lighter, which can effectively reduce the weight of aircraft; super alloys such as A286 and H-11 have high versatility, maintain structural and surface integrity in extreme environments, and resist creep, which improves the performance of aviation screws.
Manufacturing process innovation: 3D printing and additive manufacturing technologies are gradually applied to the production of aviation screws. These technologies can realize the manufacturing of complex shapes, improve production efficiency, reduce material waste, and meet the requirements of aviation screws for high precision and high quality. In addition, with the development of the aviation industry, traditional welding processes cannot meet the needs of aircraft manufacturing, and fastener connection methods represented by aviation screws have become mainstream technologies, which has also prompted manufacturers to continuously improve the manufacturing process of screws to meet higher standards.
4 Global Aerospace Screws Market Size by Type
In 2024, the market value for Titanium screws is projected to reach $299.68 million. Titanium screws hold a significant market share due to their exceptional properties. Titanium is known for its high strength-to-weight ratio, corrosion resistance, and ability to withstand extreme temperatures. These attributes make Titanium screws ideal for critical aerospace applications, such as aircraft engines and structural components. The market share of Titanium screws in 2024 is estimated to be 21.81% of the total aerospace screws market. This segment is expected to grow at a CAGR of 7.75% from 2024 to 2033, driven by the increasing demand for lightweight and high-performance materials in the aerospace industry.
Steel screws are another crucial segment of the aerospace screws market. In 2024, the market value for Steel screws is expected to be $672.86 million. Steel screws are valued for their strength and durability, making them suitable for structural applications in aircraft. The market share of Steel screws in 2024 is approximately 48.98%, reflecting their widespread use across various aerospace components. The growth rate for Steel screws is projected to be 5.31% from 2024 to 2033. This growth is driven by the continuous demand for robust fastening solutions in the aerospace industry, particularly in areas where high strength is required.
Aluminum screws are known for their lightweight and cost-effective nature. In 2024, the market value for Aluminum screws is estimated to be $133.12 million. Aluminum screws are commonly used in non-structural applications where weight reduction is a priority. The market share of Aluminum screws in 2024 is 9.69% of the total market. The growth rate for Aluminum screws is expected to be 4.09% from 2024 to 2033. This growth is attributed to the increasing focus on fuel efficiency and reduced emissions in the aerospace industry, where lightweight materials play a crucial role.
Composite Material screws represent a growing segment of the aerospace screws market. In 2024, the market value for Composite Material screws is projected to be $268.21 million. Composite materials, such as superalloys, offer high performance and versatility, making them suitable for a wide range of aerospace applications. The market share of Composite Material screws in 2024 is 19.52% of the total market. This segment is expected to grow at a CAGR of 4.84% from 2024 to 2033, driven by the increasing adoption of advanced materials in the aerospace industry to enhance performance and reduce weight.
Table Global Aerospace Screws Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Titanium | 299.68 | 21.81% |
Steel | 672.86 | 48.98% |
Aluminum | 133.12 | 9.69% |
Compound Material | 268.21 | 19.52% |
5 Global Aerospace Screws Market Size by Application
Aircraft are the primary application for aerospace screws. In 2024, the market revenue for aerospace screws in aircraft applications is projected to reach $846.61 million. This significant revenue is due to the continuous expansion of the global aviation industry. The increasing number of civil and military aircraft being produced and the growing demand for aircraft maintenance contribute to this. For instance, as airlines expand their fleets to meet the rising passenger demand, the need for reliable aerospace screws to ensure the structural integrity of the aircraft is essential. The market share of aerospace screws in aircraft applications in 2024 is approximately 61.62%. This dominant share reflects the critical role of aerospace screws in aircraft manufacturing and maintenance.
Fighter jets also have a notable demand for aerospace screws. In 2024, the market revenue for aerospace screws in fighter jet applications is expected to be $167.97 million. The development of military aviation technology and the continuous upgrade of fighter jets drive this demand. Fighter jets require high – performance aerospace screws to withstand extreme conditions during flight and combat. Their market share in 2024 is around 12.23%. Although smaller than that of aircraft, it still represents a significant portion of the market, highlighting the importance of aerospace screws in the military aerospace sector.
Unmanned Aerial Vehicles (UAVs) have seen a rapid growth in recent years, and aerospace screws play a vital role in their construction. In 2024, the market revenue for aerospace screws in UAV applications is estimated to be $73.90 million. The increasing use of UAVs in various fields such as photography, surveillance, and delivery has led to a growing demand for aerospace screws. Their market share in 2024 is about 5.38%. As UAV technology continues to advance and their applications expand, the demand for aerospace screws in this area is likely to increase further.
Helicopters are another important application for aerospace screws. In 2024, the market revenue for aerospace screws in helicopter applications is predicted to be $212.92 million. Helicopters are used in a wide range of scenarios, including military operations, rescue missions, and tourism. The need for durable and reliable aerospace screws to ensure the safe operation of helicopters is crucial. Their market share in 2024 is approximately 15.50%.
Table Global Aerospace Screws Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Aircraft | 846.61 | 61.62% |
Fighter | 167.97 | 12.23% |
UAV | 73.90 | 5.38% |
Helicopter | 212.92 | 15.50% |
Others | 72.46 | 5.27% |
6 Global Aerospace Screws Market Size by Region
North America is a major player in the global aerospace screws market. In 2024, the market revenue in this region is expected to be $461.97 million, with a market share of around 33.63%. The United States, in particular, has a large and well – developed aerospace industry. It benefits from a strong economic base, advanced technology, and a large number of aerospace manufacturers.
For example, companies like Precision Castparts Corp. are based in North America, contributing to the region’s market strength. The region’s aerospace industry is driven by both military and civilian aerospace demands. The continuous investment in military aerospace projects and the growth of the civilian aviation sector, such as the expansion of airlines and the development of new aircraft models, fuel the demand for aerospace screws.
Europe also holds a significant position in the market. In 2024, the market revenue in Europe is projected to be $363.76 million, with a market share of about 26.48%. Countries like Germany, the UK, and France have a long – standing aerospace manufacturing tradition. These countries have advanced manufacturing technologies and a large number of aerospace companies. For instance, LISI AEROSPACE, based in France, is a key player in the European aerospace screws market. Europe’s aerospace industry is supported by government – funded research and development projects, which promote the innovation and development of aerospace technologies, thereby driving the demand for high – quality aerospace screws.
The Asia – Pacific region is experiencing rapid growth in the aerospace screws market. In 2024, the market revenue in this region is expected to reach $456.36 million, with a market share of approximately 33.22%. China, in particular, has seen remarkable growth in its aerospace industry in recent years. The development of domestic aircraft manufacturing projects, such as the C919, has significantly increased the demand for aerospace screws. Additionally, the region has a large and growing aviation market, with increasing air traffic and the expansion of airlines. Japan and South Korea also contribute to the region’s market growth with their advanced manufacturing capabilities in the aerospace sector.
Latin America has a relatively smaller but growing market for aerospace screws. In 2024, the market revenue in this region is estimated to be $60.96 million, with a market share of about 4.44%. Brazil is the largest economy in the region and has a developing aerospace industry. Although the region’s aerospace industry faces some challenges, such as a relatively small manufacturing base compared to other regions, the increasing investment in infrastructure and the development of the aerospace industry in countries like Brazil are driving the demand for aerospace screws.
The Middle East and Africa region has a niche market for aerospace screws. In 2024, the market revenue in this region is predicted to be $30.82 million, with a market share of around 2.24%. The Middle East has some countries with significant oil wealth, which are investing in their aerospace industries, mainly in the areas of aircraft maintenance and new aircraft purchases. Africa, on the other hand, has a growing aviation market, especially in countries like South Africa and Nigeria. However, the region also faces challenges such as political instability in some areas and a relatively underdeveloped aerospace manufacturing infrastructure, which limit the growth of the aerospace screws market to some extent.
Figure Global Aerospace Screws Market Size (M USD) by Region in 2024
7 Global Aerospace Screws Market Analysis by Major Players
Precision Castparts Corp.
Company Profile:
Precision Castparts Corp. (PCC) is a renowned American industrial products and metal manufacturing company. Established in 1953 and headquartered in the United States, PCC became a subsidiary of Berkshire Hathaway in January 2016. The company has a global presence with operations in North America, Europe, and Asia.
Business Overview:
PCC specializes in the production of investment castings, forged parts, and airfoil castings for the aerospace, industrial gas turbine, and defense industries. The company manufactures a wide range of components for the aerospace industry, including jet engine parts. PCC also produces medical prostheses, parts for the oil and gas industries, and components for power-generating turbines. As a leader in manufacturing jet engine airfoils and gas turbines, PCC serves a diverse range of industrial applications.
Product Offered:
PCC offers a comprehensive range of aerospace screws, including MORTORQ®, ACR®, Phillips®, Torq-Set®, Tri-Wing®, Hex®, Torx®, Torx Plus®, and Hi-Torque® screws. These products are available in various head configurations such as fillister, pan, brazier, flush, flat, IWB, SHCS, and others. For safety-critical applications, PCC maintains an in-house manufacturing system for producing certified MS and NAS socket head cap screws to the FF-S-86 procurement specification.
Howmet Fastening Systems
Company Profile:
Howmet Fastening Systems is a premier designer and manufacturer of aerospace and industrial fasteners. Established in 1888 and headquartered in the United States, Howmet Fastening Systems is a business unit of Howmet Aerospace Inc., formerly known as Arconic Inc. The company has a global presence with operations in North America, Europe, and Asia.
Business Overview:
Howmet Fastening Systems is a leading worldwide designer and manufacturer of fastening systems, including specialty fasteners, fluid fittings, assembly components, and installation systems for aerospace and industrial applications. The company’s products are used in commercial and military aircraft, jet engines, industrial gas turbines, automobiles, commercial transportation vehicles, wind turbines, solar power systems, and construction and industrial equipment.
Product Offered:
Howmet Fastening Systems manufactures a wide range of aerospace screws and bolts. These fasteners meet or exceed the most exacting requirements of the aerospace industry. The company offers screws in materials such as alloy steel, corrosion-resistant steel, Inconel® 718, Waspaloy™, titanium, and other superalloys. Configurations include flush, hex, 12-point, D-head, socket, and spline head. Custom designs are also available to meet specific customer requirements. Howmet Fastening Systems provides a comprehensive selection of recess drives, including the popular cruciform-ribbed drive, offset-cruciform recess fastener system, tri-slot screw recess, and Torx® and Torx Plus® recesses.
LISI AEROSPACE
Company Profile:
LISI AEROSPACE is a global leader in high-tech aerospace parts. Established in 1777 and headquartered in France, LISI AEROSPACE has a strong presence in North America, Europe, and North Africa. The company is known for its expertise in manufacturing aerospace fasteners and structural components according to the highest industry standards and quality requirements.
Business Overview:
LISI AEROSPACE provides assembly solutions, engines, and structural components for major players in the aerospace industry. The company’s products are designed to meet the stringent requirements of aerospace applications, ensuring reliability and performance. LISI AEROSPACE is committed to delivering high-quality products and services to its customers, which include leading aerospace manufacturers and suppliers.
Product Offered:
LISI AEROSPACE offers a wide range of aerospace screws and fasteners. These standard bolts and screws are designed for various applications, including engines and highly loaded junctions. The company has developed extensive capabilities to provide a wide range of references with high quality requirements. Features include various wrenches and head shapes, such as cruciform, hexagonal, bihexagonal, 6-lobes, slot, TORX™, TORX PLUS™, TORQ-SET™, and TRIWING™. LISI AEROSPACE’s screws are available in inch or metric series and comply with LISI AEROSPACE and standard parts (NFL, EN, ISO, NAS, SAE, etc.). The company’s commitment to quality and innovation ensures that its products meet the demanding standards of the aerospace industry.