Braided Composites Market to Reach US$ 407.9 million in 2023

Stratview Research has published a new research report on Braided Composites Market. This extensive report by Stratview Research analyses the growth of Braided Composites Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
· by End-Use Industry Type (Aerospace & Defense, Automotive, Sporting Goods,and Others),
· by Architecture Type (Biaxial, Triaxial, and Others),
· by Fiber Type(Carbon Fiber and Other Fibers),
· by Resin Type (Thermoset Resins, and Thermoplastic Resins), and
· by Region (North America, Europe, and Rest of the World)

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The Braided Composites Market: Drivers
The braided composites market offers healthy growth opportunities in the entire ecosystem with an expected market size of US$ 407.9 million in 2023. Increasing production rates of the next-generation aircraft, such as A350XWB; increasing production of luxury and hybrid vehicles; increasing demand for lightweight parts with the purpose to enhance fuel efficiency or to reduce carbon emissions; rising concern over reducing VOC emissions; and an excellent performance of braided parts are the key factors propelling the demand for braided composites. Braiding makes composite parts stronger, damage tolerant, and stiffer. The technology is relatively easy to use and produces parts at a lower cost with superior performance. Furthermore, low VOC emission and minimal scrap rate are augmenting the technology’s adoption rate in the various industries.

Aerospace & Defense is projected to remain the largest segment
The braided composites market is segmented based on end-use industry as Aerospace & Defense, Automotive, Sporting Goods, and Others. Aerospace & Defense is projected to remain the largest segment of the global braided composites market during the forecast period of 2018 to 2023. Fan case containment and fuselage frames are some of the major applications of braided composites in the aerospace & defense industry. Automotive is likely to remain the fastest-growing segment of the global braided composites market during the same period, propelled by increasing production rates of hybrid and luxury cars coupled with rising usage of composites.

Triaxial braided composite is expected to remain the largest segment
Based on the architecture type, triaxial braided composite is expected to remain the largest segment during the forecast period. It is the most preferred choice for over braiding of parts, owing to its superior performance. Fan case containment is one of the major applications of triaxial braided composites.

Carbon fiber is projected to remain the most dominant fiber type
Based on the fiber type, carbon fiber is projected to remain the most dominant fiber type in the global braided composites market during the forecast period. All the major end-use industries, such as aerospace & defense, automotive, and sporting goods, are predominantly using carbon fiber-braided composites, owing to their excellent weight reduction properties coupled with high-performance benefits.

North America is expected to remain the largest braided composites market
Based on the regions, North America is expected to remain the largest braided composites market during the forecast period, driven by the Aerospace & Defense industry. The USA is projected to remain the growth engine of the North American braided composites market over the next five years. Europe is likely to be the fastest-growing braided composites market during the same period, primarily driven by increasing production rate of A350XWB and increasing demand for composite rich hybrid and luxury vehicles.

Top Key Players
The supply chain of this market comprises raw material suppliers, braiders, braided composite part manufacturers, and OEMs. The key braided composite part manufacturers are GE Aviation, Airbus Group, BMW AG, Exelis Inc., Sigma Precision Components Ltd., and GKN Aerospace. New application development, the formation of mergers & acquisitions, and execution of long-term contracts with customers are the key strategies adopted by the key players to gain a competitive edge in the market.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Braided Composites Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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