Global Aerospace Composites Market, By Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites and Others), Matrix Type (Polymer Matrix, Ceramic Matrix and Metal Matrix), Application (Interior and Exterior), Manufacturing Process (AFP/ATL, Lay-Up, Resin Transfer Molding, Filament Winding and Others), Aircraft Type (Commercial Aircraft, Business and General Aviation, Civil Helicopter, Military Aircraft and Others), Country(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Aerospace composites market is estimated to reach at a USD 68.2 billion by 20207 and growing at a growth rate of CAGR 9.35% in the forecast period of 2020 to 2027. Market is majorly driven by commercial aircrafts coupled with defence and military activities.
Airlines are growing for new airplanes to replace the current load with lightweight materials which are used in the construction and with technology advancement in terms of fuel efficiency, composites provide ease of design compared to metals, and further drives the growth of the market.
Aerospace demand is expected to be high within civil aviation sector in single-aisle, twin-aisle mainline aircraft and business jet. Market is expected to grow due to high demand from military and commercial aircrafts, business jet, and general aviation, spacecraft manufacturing. Moreover, the continuous technology advancements in terms of components and structural applications in airplanes will grow in high aerospace composites demand. As demand for lightweight and efficient airplanes will provide and create growth opportunities for aerospace composites market in the forecast period of 2020-2027.
Issues related to recyclability and lack of standardization in manufacturing technologies will act as a restrain, and further challenge the growth of aerospace composites market in the forecast period mentioned above.
The aerospace composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions and technological innovations in the market. To gain more info aerospace composites market on Data Bridge Market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aerospace Composites Market Scope and Market Size
Aerospace composites market is segmented on the basis of fiber type, matrix type, application, manufacturing process and aircraft type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of fiber type, the aerospace composites market is segmented into carbon fiber composites, ceramic fiber composites, glass fiber composites and others.
- On the basis of matrix type, the aerospace composites market is segmented into polymer matrix, ceramic matrix and metal matrix.
- On the basis of application, the aerospace composites market is segmented into interior and exterior.
- On the basis of manufacturing process, the aerospace composites market is segmented into AFP/ATL, lay-up, resin transfer molding, filament winding and others.
- Based on aircraft type, the aerospace composites market is segmented into commercial aircraft, business and general aviation, civil helicopter, military aircraft and others.
Global Aerospace Composites Market Country Level Analysis
Aerospace composites market is analysed and market size, volume information is provided by country, fiber type, matrix type, application, manufacturing process and aircraft type as referenced above.
The countries covered in the aerospace composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe is dominating the aerospace composites market due to largest market share in terms of value and due to high demand from aerospace and defense companies present in the region.
The country section of the aerospace composites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerospace Composites Market Share Analysis
Aerospace composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerospace composites market.
The major players covered in the aerospace composites market report are Teijin Aramid B.V , TORAY INDUSTRIES, INC., SGL Group, Solvay, hexcel, VX Aerospace, AIM Aerospace, CTG, Hindustan Aeronautics Limited, ATLAS COMPOSITE TECHNOLOGIES, San Diego Composites, Inc., Ascent Aerospace, Unitech Aerospace, Marshall of Cambridge Aerospace Limited, Marshall Land Systems Limited., Spirit AeroSystems, Inc, Mitsubishi Chemical Holdings, Hexcel Corporation, Gurit Holding AG, GKN plc, Cytec Industrues Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aerospace Composites Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.