Category Archives: Aerospace Industry

The Growing Commercial Aircraft Turbine Engine Market

The commercial aircraft turbine engine market has shown recent exponential growth, which is poised to continue well into the future. A recent study by Technavio revealed that the market will continue to expand through 2020, with an estimated Compound Annual Growth Rate (CAGR) of 5.85% over that period.

The projected increase in the market is based mostly on the expected continued rise of new aircraft needed as fleets replace older models and grow their existing fleets. New designs offer advantages over older models, helping airlines increase passenger capacity and decrease fuel usage, factors that drive buying forward. Technavio also cites strict regulations concerning noise and carbon dioxide emissions as being additional driving factors.

Another factor for the increased growth is the development and introduction of new materials. Aimed at making the blades more durable and efficient, industry leaders predict these new components will be sought to retrofit older aircraft. New engines such as the LEAP and GE9X reduce the weight of the aircraft through utilizing composites, allowing for the increase of weight elsewhere or, more often, allowing the plane to be more fuel efficient.

In addition to utilizing lighter weight materials, new designs in the HGP (hot gas path) section of the engines have increased the efficiency of the cooling of the special alloy components, contributing to overall increased engine efficiencies. The use of special heat resistant coatings and intricate cooling film designs has raised the technical requirements for the production of these parts.

At Hi-Tek Manufacturing, we have been one of the leading manufacturers serving the aviation and land-based turbine market for over 30 years. This predicted growth gives us even more hope for the upcoming years, but it also means that we will need to rise to meet the demands of the growing market. The key areas that need to be addressed are capabilities and capacity.

Capabilities relates to what we can handle, such as new materials and new designs. We plan on taking these technical changes head-on by keeping abreast of the latest technology, and making the necessary equipment and employee development changes needed to work with the most advanced materials on the market.

Capacity, on the other hand, relates to just now much we can produce. Through capital investments in new machines, along with increasing the training of our staff, we can increase our capacity to produce HPT Blades and Vanes, heat shields, fairings, and other parts. We are excited to see how the turbine blade market grows, and to see how it benefits us at Hi-Tek as well as the world of travel overall.

Growth in the Aerospace Industry

After a few rollercoaster years, in 2016, the aerospace industry across the United States and the world looks to be showing strong growth, and return to the power it was in previous decades. This is great news for companies, including us at Hi-Tek Manufacturing, involved in the manufacture of hot gas path aviation turbine engine components.

Faster, Farther, More Fuel-Efficient

With the global economy fairly stabilized after a few years of ups and downs, the aerospace industry continues to work towards developing and producing next-generation aircraft. With many fleets across the globe aging, or using older designs, there is a need for newer airframes that can go faster, carry more over a long distance, but that also get better fuel efficiency than current models.

Factors Driving Growth

Deloitte Touche Tohmatsu has forecasted that 2016 will be the year that the aerospace industry returns to positive growth, after a slight decline in 2015. In the coming year there are a number of factors that are expected to spur this growth on, including:

  • Relatively stable growth in gross domestic product throughout the world, meaning there is more spending capability.
  • Lower crude oil and other commodity prices, reducing cost of manufacture and operation.
  • Continued increase in passenger travel demands, which necessitate development and construction of next-generation commercial aircraft.
  • Global security threats have driven an increase in defense budgets worldwide, with an expected increase in aerospace demands.

Next Generation Jobs

The next-generation planes will need workers with next-generation skills for research and development – these are not the low-paying, low-skill jobs that so many people think of when they hear the word “manufacturing.” In fact, these are jobs that pay well above the national average, and rely more on math and science skills than one’s ability to turn a wrench. The jobs that are being created by the growth in the aerospace industry are jobs that will power the economy into the future. Some of these jobs are in new, emerging occupations that have not even been part of manufacturing before

Here at Hi-Tek, we have been providing manufacturing solutions and comprehensive support of hot gas path component production for gas turbine engine manufacturers, so growth in the aerospace industry means there is great potential for our company to grow. We look forward to expanding capabilities and tackling the growth head-on, to continue to provide the highest standard in aircraft turbine engine components.