Composites Market in the Commercial Aircraft Engines Industry– Latest Trends, Forecast, and Opportunity Analysis

Stratview Research has launched a research report on Composites Market in the Commercial Aircraft Engines Industry. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composites Market in the Commercial Aircraft Engines Industry from 2017 to 2022

This report is segmented in five ways to provide a 360 degree holistic view. The segments are –
· by Aircraft Type (Narrow Body Aircraft,Wide Body Aircraft and Very Large Aircraft),
· by Engine OEM (CFM (JV of GE and SNECMA), GE Aviation, Pratt & Whitney, Rolls Royce, IAE (International Aero Engines), Engine Alliance and Others),
· by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Aramid Fiber Composites),
· by Process (Prepreg layup, Resin Transfer Molding (RTM), and Others), and
· by Region

• North America
• Europe
• Asia – Pacific
• Rest of the World
Stratview Research, has presented the study of Composites Market in the Commercial Aircraft Engines Industry over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The key aerospace engine OEMs are CFM, GE Aviation Engines, Rolls Royce, Pratt & Whitney, and IAE. Commercial Aircraft OEMs are Boeing, Airbus, COMAC, and Irkut.

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Composites Market in the Commercial Aircraft Engines Industry: Highlights & Drivers
Composites offer many advantages over metals, such as lightweight, superior strength, higher durability, and ability to withstand extreme temperature. The history of composites in the aerospace and defense industry is over five decades old when major applications were limited to control surfaces only.
As global airline industry started evolving, the competition among players and the concern regarding saving the environment began rising. To remain competitive in the market, airline companies started demanding those aircraft that offer higher fuel efficiency, lower carbon emission, lower noise, lower maintenance cost, and higher passenger safety.
The composites’ excellent performance over the decades compelled OEMs to leverage its potential to address the airline’s demands. Major OEMs started incorporating high amount of composites (upto 50%) in most of the major structural applications like fuselage and wings in next generation aircraft. For instance, Boeing incorporated composites up to 50% of the total structural weight of the aircraft in its next generation aircraft, B787. Composites rich aircraft B787 provides 20% more fuel efficiency, 20% reduction in carbon emission, 30% reduction in maintenance cost and 5% reduction in noise than similar sized aircraft which has high metal content.
Aerospace engine OEMs are moving in tandem with the aircraft OEMs and are continuously looking for advanced materials for making engines lighter, durable, and have high fatigue performance. They started innovating by replacing traditional materials with composites in many applications. In the last 10 years, the industry noticed many new composite applications in the engine, such as fan blades and fan case.
The composite materials market in commercial aerospace engine industry offers a healthy growth opportunity and is likely to grow at a healthy CAGR during the forecast period of 2017 to 2022. Robust growth in commercial aircraft deliveries and increasing composites penetration in the aircraft engine and nacelles, mainly in fan blade, fan case, thrust reverser, and cowl are the key growth drivers of the composite materials in the global commercial aerospace engine market.
Narrow body aircraft is expected to remain growth
Driver of the composite materials in the commercial aerospace engine market during the forecast period. Carbon composites are likely to experience the fastest growth in the next five years.
North America is expected to remain the largest market
For composite materials in commercial aerospace engine being the manufacturing base of major engine OEMs and commercial aircraft OEMs.

Top Key Players
The supply chain of this market comprises raw material manufacturers, composites component manufacturers, engine OEMs, Aircraft OEMs, and Airlines. The key aerospace engine OEMs are CFM, GE Aviation Engines, Rolls Royce, Pratt & Whitney, and IAE. Commercial Aircraft OEMs are Boeing, Airbus, COMAC, and Irkut.
The composite products are produced by independent manufacturers as well as engine OEMs. Many engine manufacturers have in-house composites manufacturing capacity, such as GE Aircraft Engines, which has facilities in the US. The key composite part manufactures in commercial aerospace engine market are Albany Engineered Composites, FACC AG, Aircelle, and GKN Aerospace. New product development, regional expansion, and long term contacts are the key strategies adopted by key players to gain competitive edge in the market.

Report Features
This 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:
● Market structure: Overview, industry life cycle analysis, supply chain analysis
● Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend and forecast analysis
● Market segment trend and forecast
● Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
● Attractive market segments and associated growth opportunities
● Emerging trends
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the Composites Market in the Commercial Aircraft Engines Industry, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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The report on Composites Market in the Commercial Aircraft Engines Industryis a study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.

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