Aircraft Composite Enclosures Market Forecast to 2024 - Market Share and Regional Analysis, Major Leaders- TE Connectivity, Automated Dynamics, AIM Aerospace Inc., Carlisle Interconnect Technologies, Carlisle Interconnect Technologies

The capability of composite enclosures to provide mechanical and electrical benefits of metal in conjunction with the additional features, such as corrosion resistance, lower costs, and overall weight reduction, is prompting the aircraft composite enclosures growth over the forecast period. The compatibility of composite materials with carbon structures and improved galvanic properties offers superior strength in diversified chemical environments at extreme temperatures. Further, the improved galvanic properties support its increased adoption over the forecast period.

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Aircraft designers are engaged in innovative designing techniques with the usage of lightweight and flexible materials that offer significant impact resistance. The integration of advanced components with multifunctional features provides potential opportunities for aerospace components growth. Easier integration of electrical & mechanical systems along with superior weight-bearing capabilities will play a significant role in the growth of the aircraft composite enclosures market share till 2024.

North America will account for the majority share in the aircraft composite enclosures marketplace. This dominance is credited to the presence of major players across the region focusing on manufacturing advanced aircraft targeting diversified sectors, thereby supporting the regional growth. An increasing network of flights to major tourist locations is further strengthening the industry share till 2024.

Based on aircraft, the aircraft composite enclosures marketplace is classified into military aircraft, commercial aviation, business aviation, and regional jets. Proliferating military expenditure along with advancements in aircraft technologies is playing a significant role in boosting the aircraft composite enclosure market share over the forecast period. Military aircraft system designers are continuously engaged in offering powerful, rugged, and shielded enclosures for mitigating radio frequency interference from external electric equipment, thereby delivering maximum performance along with multifunctional features.

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Industry participants are continuously investing in R&D for introducing advanced bracket solutions for increasing their market share gaining an edge over the competition. For instance, Russian engineers and scientists from NUST MISIS are working on an innovative bionic bracket solution, that is manufactured by laser extension from the powder of titanium alloy. This bracket reduces the product weight by around 20% and offers improved aircraft weight savings of around a ton.

Based on aircraft, the aircraft brackets market place is segmented into military aircraft, regional jets, commercial aviation, and business aviation. Increasing demand for military aircrafts coupled with proliferating defense expenditures across the globe is positively influencing the market expansion till 2024. The requirement for improved quality, lower weight, and high precision components for aiding advanced flight operations is further augmenting the segment growth over the projected timeframe.

Dissipation & absorption of radiated energy from electronic devices is gaining a higher visibility and eventually hampering the performance. Metals usually tend to reflect radiations that can prove hazardous to health when exposed. A combination with absorption and reflection of radiated energy by indulging composite materials can provide an EMI reduction up to 40dB over a wide frequency range. Thus, composite enclosures pose a positive outlook during the forecast timeframe.

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Few players in the aircraft composite enclosures marketplace include TE Connectivity, Automated Dynamics, AIM Aerospace, Carlisle Interconnect Technologies, and Connective Design, Inc. Strategic acquisitions and mergers are among the prominent strategies adopted by the industry participants for increasing their market share.

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