Global Investment Casting for the Aviation Industry Market Size Will Reach $6764 Million in 2023

Investment casting for the aviation industry refers to aircraft components produced through investment casting methods. Investment casting, also known as wax loss casting, is a precision casting technology that usually refers to making a mold from a fusible material, coating the surface of the mold with several layers of refractory material to form a shell, and then melting the mold out of the shell to obtain a mold without a parting surface. After high-temperature calcination, it can be filled with sand for casting. In the aviation industry, investment casting technology is widely used in the manufacturing of aircraft engines, landing gears, fuselage components, and so on.
Global Investment Casting for the Aviation Industry Market Overview and Segmented Market Analysis 
Investment casting has advantages such as high precision, high strength, and low cost, and is therefore widely used in the aviation industry. The global investment casting for the aviation industry market is a growing market, with demand mainly coming from the civilian and military aviation sectors. In recent years, with the recovery of the aviation market and the development of the global economy, the global investment casting for the aviation industry market has steadily grown. According to our research data, the global investment casting for the aviation industry market is expected to reach $6764 million in 2023, among which the estimated size of the interior component segment market is $3737 million, with a market share of 55.25%, dominating the market.

Global Investment Casting for the Aviation Industry Market Size and Market Segmentation Analysis  

Global Investment Casting for the Aviation Industry Market Size and Market Segmentation Analysis

Source: www.globalmarketmonitor.com
Analysis of the Global Investment Casting for Aviation Industry Market in Major Regions/Countries
At present, the global investment casting for the aviation industry market has formed a pattern with the United States, Europe, and Asia as the main production regions. Among them, the United States has the world's most advanced investment casting technology and equipment, with its investment casting production and sales ranking first in the world. European and Asian investment casting manufacturers mainly supply the aviation market in their respective regions but are also actively expanding into the international market. Data shows that the revenue of the US investment casting for the aviation industry market is expected to reach $3185 million in 2023, with an estimated market share of 47.09%; The European market is expected to rank second with revenue of $2678 million and a share of 39.59%.

Global Investment Casting for the Aviation Industry Market Size and Share Forecast by Region/Country in 2023

Regions/Countries

Market Revenue (Million USD)

Market Share

US

3185

47.09%

Europe

2678

39.59%

China

384

5.68%

Japan

241

3.56%

Others

276

4.08%

Source: www.globalmarketmonitor.com

Analysis of Main Development Trends in the Global Investment Casting for the Aviation Industry Market

Technological innovation: With the development of the aviation industry, the performance requirements for investment casting are becoming increasingly high. Therefore, production processes and materials are constantly improved and innovated to improve the quality and performance of casting.

Green Manufacturing: In response to global environmental requirements, future investment casting will pay more attention to environmental protection and energy conservation, such as reducing exhaust emissions and energy consumption, to achieve green manufacturing.

For more industry information, please refer to our latest released "China Investment Castings Industry Market Research Report 2023-2029".


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