Aerospace Composites Market 2016-2023 | Global Industry Key Players, Facts, Figures, Share, Trends, Applications, Analytical Insights, Segmentation and Forecast With Competitive Landscape By 2023

Aerospace Composites Market 2016-2023 | Global Industry Key Players, Facts, Figures, Share, Trends, Applications, Analytical Insights, Segmentation and Forecast With Competitive Landscape By 2023

“Aerospace Composites Market”
Global Aerospace Composites Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Aerospace Composites Market – Market Overview

Composites are made from the combination of two or more different materials resulting in a different physical or chemical properties than of the individual components. The fiber reinforced polymers are mainly used in the aerospace industry. These are mainly composed of carbon fibers, glass fibers, and aramid fibers. Composites are mainly used for the aerospace structure and components that need to be lightweight while also possessing the superior strength. Composites have found a wide range of applications in commercial aircraft, rotorcraft, UAVs and military aircraft. These have been largely used for aircraft fuselage, tail, wings, aircraft cabin interiors, aircraft seats, and jet engine components.   

Aerospace Composites enjoy increasing popularity and does the Aerospace Composites Market enjoy an extensive traction. The market has been growing rapidly along with the growing demand for new and optimized aircrafts and jet engines, so has the production processes.

Accrediting the colossal growth the Aerospace Composites Market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published  a meticulous study report giving out the complete market insight up till 2021. According to which, continuing with the same trends the global Aerospace Composites Market is projected to perceive an outstanding growth by 2021 registering a striking CAGR during the anticipated period (2017 – 2021). 

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The high corrosion resistance of composites in comparison to metal have made it very useful in various aerospace applications. High resistance to fatigue and corrosion have also led to the reduction in scheduled and non-scheduled maintenance requirement of composites in comparison to metal. It also leads to significant savings in MRO costs. The composites also have very high strength to weight ratio. It makes the composites lightweight while possessing a similar or better strength than metal. Use of composites over the metal hugely reduces the overall weight of the aircraft also resulting in the reduction in fuel consumption, which has also largely driven the utilization of composites for aerospace applications.

However, utilization of composites for large aerospace parts and structures are relatively new in practice. It has created certain challenges and concerns for the aircraft MRO requirement as many of the MRO providers do not have the knowledge or capacity to accomplish the high-quality composite maintenance and repair services. Also, there are many other unknowns in the fault monitoring and damage detection procedure for composite parts. Composites also possess many design and manufacturing challenges, in comparison to the already established procedures for the metal. Also, the composites are generally cured in an autoclave. The high cost of acquisition and operation of the autoclave and also the slow procedures for composite curing are few of the challenges that need to be resolved.      

Aerospace Composites Market – Competitive Analysis

The leading market players in the global Aerospace Composites market primarily include Cytec Industries, Hexcel, Koninklijke Ten Cate (TenCate), Mitsubishi Rayon, Owens Corning. The other prominent players include Hartzell Aerospace, Hyosung, Kaman, SGL Group and Teijin Aramid.

Aerospace Composites Market is highly competitive, and vendors compete on the basis of cost, composite material quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to optimize their product development process to provide cost-effective and high-quality aerospace composite materials and parts.

The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. 

Aerospace Composites Market – Segments

For the convenience of the report and enhanced understanding; The Aerospace Composites Market is segmented in to 3key dynamics

Segmentation by Application: Commercial and Military.

Segmentation by Types: Glass Fiber, Carbon Fiber and Aramid Fiber.

Segmentation by Regions: Comprises Geographical regions – Americas (North & Latin), Europe, APAC and Middle East & Africa.

Aerospace Composites Market – Regional Analysis

According to the analysis, at present, North America is the biggest market for aerospace composites across the globe. In addition, the market for aerospace composites in the North American region is likely to grow at the highest CAGR, during the forecast period, with respect to both volume and market value.

Growth of the North American aerospace composites market is mainly due to the presence of mass manufacturers of aerospace parts in the region. Due to the increased requirement of carbon fiber composites, most of the companies are focusing on setting up their carbon fiber composites manufacturing plants, in North America and Europe.

In Europe, the aerospace composites market is driving the aviation  industry, the competition from high-speed trains, and other means of travel. In the past few years, a sudden rise in air passenger traffic and evolving global aircraft leaders in Asia Pacific have increased the growth of the aerospace composites market for this region.

In Latin America, the market is expected to have a strong growth due to the increased number of low-cost carriers and rising demand from Brazil. The presence of one of the dominant aircraft competitors, Embraer, will also enhance the market expansion in the region.

The Middle East & Africa is also likely to have significant growth due to the presence of aircraft competitors and growing number of maintenance, repair, and operational activities of aircraft in the region. Similarly, Central Europe and Russia would have high growth rates for the aerospace composites market, during the forecast period.

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Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Commercial Scape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

Continued……

List of Tables

Table 1 Global Aerospace Composites Market: by Region, 2017-2023
Table 2 North America Aerospace Composites Market: by Country, 2017-2023
Table 3 Europe Aerospace Composites Market: by Country, 2017-2023
Table 4 Asia Pacific Aerospace Composites Market: by Country, 2017-2023
Table 5 Row Aerospace Composites Market: by Country, 2017-2023
Table 6 Global Aerospace Composites Market, by Type by Regions, 2017-2023

Continued……

List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis

Continued……..

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