Ceramic Matrix Composites (CMC) Market in Aircraft Engines -Industry Analysis, Forecast, and Growth Opportunity

Stratview Research announces the launch of a new research report on Ceramic Matrix Composites (CMC) Market in Aircraft Engines. This 199 page extensive report from Stratview Research, studies the Ceramic Matrix Composites (CMC) Market in Aircraft Engines 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.

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This Ceramic Matrix Composites (CMC) Market analysis has been segmented in Eight ways, keeping in mind the interest of all the stakeholders across the value chain.
• by Aircraft Type (Commercial Aircraft, Business Jets, Military Aircraft,and Helicopter) – Commercial aircraft is forecasted to remain the largest segment
• by Engine Type (Jet Engine, Helicopter Engine, and Other Engines) –
• by Component Type (Static Components and Rotational Components)- Most of the current CMC developments in aircraft engines are primarily for static components,
• by Application Type (Combustor Liner, Shrouds, Blades, Nozzles and Others) – shrouds are projected to remain the largest application of CMC in aircraft engines
• by Engine Zone (High-Pressure Zone, Low-Pressure Zone, and Combustor) – High pressure would remain the hotspot for CMC market in aircraft engines
• by Material Type (SiC/SiC, Ox/Ox, and Others) – Out of Autoclave to witness healthy growth.
• by Manufacturing Process Type (Chemical Vapor Infiltration (CVI), Solid Phase Infiltration (SPI), Polymer Impregnation and Pyrolysis (PIP) and Melt Infiltration (MI)) – Out of Autoclave to witness healthy growth.
• and by Region (North America, Europe, Asia-Pacific, and RoW) – North America is projected to remain the largest CMC parts market

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Ceramic Matrix Composites (CMC) Market in Aircraft Engines: Highlights

Airlines’ dire need for fuel-efficient aircraft shows no signs of abating. As pressure for fuel-efficient aircraft continues to mount, ceramic matrix composites (CMC) evolve as they battle metals for high-pressure and low-pressure applications in aircraft engines. CMCs are as tough as metals, are just one-third the weight of nickel alloys and can operate at 1,300° Celsius. Ability to withstand extreme temperatures require less cooling air to be diverted from the thrust. As a result of that, engines run at higher thrust. Additionally, engines run hotter, combusting fuel more completely, reducing fuel consumption, and emitting fewer pollutants.

Ceramic matrix composites is one of the fastest-growing markets in the global aviation industry. CMCs market in aircraft engines is projected to witness an impressive double-digit growth rate over the next five years, driven by development of CMC applications in the best-selling aircraft or their variants owing to its intrinsic advantages, such as temperatures resistance up to 260°C higher than nickel alloys at just one-third weight. There would be continuous replacement of nickel alloys with CMCs in both low-pressure and high-pressure engine zones during the forecast period. Furthermore, increasing aircraft deliveries and demand for fuel-efficient aircraft would further propel the demand for CMC in aircraft engines.

Based on the aircraft type, the market is segmented as Commercial Aircraft, Business Jet, Military Aircraft, and Helicopter. Commercial aircraft is forecasted to remain the largest segment of the CMC market in aircraft engines over the next five years. Development of CMC parts in variants of the best-selling aircraft programs, such as B737 Max and A320neo, is the key growth driver of the market. Additionally, upcoming variant B777x with five CMC applications in its GE9X engine is likely to further elevate the demand for CMC parts in this segment.

Based on the component type, the market is segmented as as Static Components and Rotational Components. Most of the current CMC developments in aircraft engines are primarily for static components, such as shrouds and combustor liner. All the major engine manufacturers are trying hard for the development of CMC components in static applications in their best-selling engines. We also expect a healthy surge in the demand for CMC parts in rotational components over the next five years.

Based on the application type, shrouds are projected to remain the largest application of CMC in aircraft engines over the next five years, driven by their usage in Leap engines. Leap engine is certified for the B737 Max, A320neo, and C919 aircraft. CFM International, a JV between GE Aviation and Safran Aircraft Engines, delivered 459 Leap engines in 2017 and is projected to deliver in the range of 1,100-1,200 Leap engines in 2018. Furthermore, development of CMC-based shrouds in upcoming aircraft engines, such as GE9x, would further accelerate the demand over the next five years. All the major applications including combustor liner, shrouds, blades, and nozzles, are projected to witness healthy growth rates during the forecast period.

Based on the engine zone type, the CMCs market in aircraft engines is segmented as High-Pressure Zone, Low-Pressure Zone, and Engine Combustor. High pressure would remain the hotspot for CMC market in aircraft engines during the forecast period. CMCs are ideal materials as they offer a wide spectrum of advantages at high-pressure zones including a reliable performance at extreme temperatures up to 1,300°C, significant weight savings compared with the nearest rival nickel alloys, and no need for cooling air requirements. This improves the engine thrust, reduces fuel consumption and emits fewer pollutants. All three zones are likely to witness impressive growth rates in the coming five years.

North America is projected to remain the largest CMC parts market for aircraft engines during the forecast period. This region has been investigating the potential of CMC in aircraft engines for the last two decades. The key CMC players worked along with government institutions to make sure the commercial viability of CMCs in aircraft engines. The region also owns the presence of all the major CMC part manufacturers, such as GE Aviation. They are rolling out their dedicated CMC plants in North America to address the surging demand for CMC.

GE Aviation, COI Ceramics Inc., Composite Horizons LLC, Herakles (Safran Ceramics), Honeywell International Inc, IHI Corporation, Pratt & Whitney, and Rolls-Royce are the key manufacturers of CMC parts for aircraft engines. Development of new applications, formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by the major companies to gain a competitive advantage over 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 into 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 forecast analysis
• Market segment 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

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