search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Figure 2: Europe IC Market Segment Trends


Figure 3: Europe IC Market Segments Evolution Forecast 2020 vs 2019.


Figure 4: Europe IC Market Segments By Region Forecast 2020


High Added Value goes back to market levels of 2012 being the less affected Market segment the corresponding to Other Applications which goes back to levels of 2015. The evolution per Market segment vs 2019 is covered in


Figure 3. All three Market segments experiment a decay. However,


it is Commercial Aerospace which is included in the High Added Value Market segment the one which experiments the highest reduction 40 % whilst the other subsegments, Defence Aerospace shows a decay of 13 % and IGT shows a reduction of 8.5%. The way Market segments behave as per regions in Figure


4. The UK holds a 49% outcome contribution to the European Investment Casting Market being the leader country in Europe.


End Users Market Review


Defence Aerospace It is difficult to have a consolidated picture of the European defence aerospace policy as this policy varies from country to country. Whilst 2020 forecast indicates a decay in the order of


®


Figure 5: Europe IC Sales By Region Forecast 2020


13% this is more related with the variation in workload of the different production phases of some of the driving European aerospace defence programmes and the new developments coming in. In 2021, defense budgets and revenues for defence contractors are expected to remain largely stable in a similar way as 2020. Current relevant developments in European Defence Aerospace are the NGWS/FCAS sponsored by France, Germany and Spain and TEMPEST sponsored by UK and Italy. Both projects are bound to set up the technology requirements and supply more significant in the near future.


Commercial Aerospace The impact of the pandemic to traveling has a great impact to this segment where cancellations of orders have been observed and redefinition of the demand profile has been put forward by OEMs. The castings Engine supply OEMs drop impacted both production (70%) and aftermarket (30%). Two major Commercial Aircraft manufacturers, Boeing and Airbus have had a different behavior along the 2020


Continued on pg 18 January 2021 ❘ 17


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40