The Market of Aircraft Composite Enclosures to grow beyond US$ 199.0 million by 2023

The new report of Stratview Research analyses the Aircraft Composite Enclosures market over the trend period from 2012 to 2017 and forecast period from 2018 to 2023. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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An overview: Rising passenger and freight traffic

The aircraft composite enclosures market is projected to grow at a healthy rate over the next five years to reach US$ 199.0 million in 2023. Organic growth of aircraft production to support the rising passenger and freight traffic, an increased preference for composite parts over traditional metallic ones, and an increasing use of avionics in the next-generation aircraft are some of the key factors that are proliferating the demand for composite enclosures in the aircraft industry.

Commercial aircraft: The growth engine

The aircraft composite enclosures market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, Military Aircraft, and Others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increase in the production rates of key aircraft programs, stringent emission norms for reducing carbon emissions, increase in the use of avionics in the aircraft, and rising penetration of composites are likely to aid growth to the segment in the coming years.

Dominance of: PPS, Carbon Fiber and Injection molding

Based on the resin type, PPS is likely to remain the most dominant resin type in the aircraft composite enclosures market over the next five years. The resin type offers good dimensional stability even at an elevated temperature and in the harsh chemical environment. It also helps in molding complex parts with very tight tolerances and has an outstanding resistance to a wide variety of aggressive chemical environments and stability of dielectric and insulating properties over a wide range of conditions.

Based on the fiber type, carbon fiber composite is likely to remain the fastest-growing segment of the market over the next five years, driven by its long list of advantages including lightweight, higher strength-to-weight ratio, good EMI performance, and better aesthetics. Glass fiber composites also offer a wide array of advantages including low cost, low weight, good product performance, and excellent corrosion resistance, over their rivals including aluminium and other metallic enclosures.

Based on the process type, injection molding is the most widely preferred manufacturing process in the market and is likely to remain the most dominant process during the forecast period as well. It is considered to be an ideal process for mass-volume applications and has the ability to develop complex shapes in a very short cycle time with very fewer scrapes.

A highly/moderately/fragment consolidated Market

Major composite enclosure manufacturing companies are TE Connectivity, Kaman Aerospace (Vermont Composites Inc), Carlisle Interconnect Technologies, AIM Aerospace, Automated Dynamics, and Connective Design Inc. The development of lightweight enclosures and collaborations with OEMs for the joint development of enclosures are some of the strategies adopted by the major players in order to gain the competitive edge in the market.

Regional Hegemony of North America & the dominance of Shielding enclosures

Based on regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aircraft composite enclosures market. Presence of major aircraft manufacturers, tier players, and enclosure manufacturers primarily drive the demand for composite enclosures in the country. The country is not only the largest market in North America, but it is also the largest market in the world. Asia-Pacific is likely to depict the highest growth during the same period, driven by China, India, and Japan. All these three countries would remain the growth engines of the region’s market for aircraft composite enclosure over the next five years.

Based on the shielding type, the shielded enclosure is likely to remain the larger segment of the aircraft composite enclosures market during the forecast period. EMI shielded composite enclosures provide a combination of reflection and absorption of energy. The radiated energy from internal electronics is absorbed and dissipated in the shielded composite enclosures.

Comprehensive Market Coverage

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This release was published on openPR.