Indian Aerospace Composites Market estimated to reach a value of US$ 302.5 million in the forecast period (2018-2023)

The report on the Indian Aerospace Composites Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Indian Aerospace Composites Market is expected to reach a value of US$ 302.5 million by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• by Opportunity Type (Indigenous Opportunities, Export opportunities, and Others)
• by Aircraft Type (Civil Aviation, Military Aviation, and Others) – Civil aviation and military aviation are likely to remain the growth engines of the market.
• by Application Type (Aerospace Exterior Composites, Aerospace Interior Composites) – Exterior segment is likely to remain dominant in the market.
●by Resin Type (Epoxy Composites, Phenolic Composites, and others)
• by Fiber Type (Carbon Fiber Composite, Glass Fiber Composites, and Others) – Carbon fiber composites will remain the dominant and fastest-growing fiber type segment of the market.
• and by Process Type (Hand Layup, Other Processes)

Table Of Contents: https://www.stratviewresearch.com/toc/388/Indian-Aerospace-Composites-Market.html

Highlights of the Report:
The Indian aerospace composites market is segmented based on the aircraft type as civil aviation, military aviation, and spacecraft. Civil aviation and military aviation are likely to remain the growth engines of the market in the foreseeable future. Majority of the demand for composite parts for the commercial aviation segment is mainly coming from the global market, whereas there is an impressive indigenous demand for composite parts in the military aviation segment.

Based on the application type, the Indian aerospace composites market is segmented into exterior and interior. The exterior segment is likely to remain dominant in the market during the forecast period. Composites are increasingly used in aircraft exterior with the purpose to leverage the potential of composites including lightweight, corrosion resistance, and abrasion resistance.

Based on the resin type, the market is also segmented into epoxy composites, phenolic composites, and other composites. Most of the aerospace composite components are fabricated using epoxy resin not only in India but also in the global market. Phenolic composites are well known for their excellent FST-resistant properties and are preferred choice for interior applications.

Based on the fiber type, the market is segmented into carbon fiber composites, glass fiber composites, and aramid fiber composites. Carbon fiber composites are likely to remain the most dominant and fastest-growing fiber type segment of the market during the forecast period. Lightweight coupled with high-performance benefits over rivalry materials has led to a massive adoption of carbon fiber composites in the aerospace industry.

The Indian aerospace composites market is fiercely competitive with the presence of a few active players at present. It is anticipated that the excellent growth of the market may attract global players to enter the Indian market in the near future to capture a larger chunk of the growing market. Furthermore, it is also expected that the existing players may develop better technological capabilities in the coming time to remain competitive in the long run.

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Key Players of the Market
Some of the key players in the aerospace composites market in India are Tata Group, Hindustan Aeronautics Ltd. (HAL), Kineco Kaman Composites - India Private Ltd., Valeth High Tech Composites Pvt Ltd, Taneja Aerospace and Aviation Limited, and Adani Defense and Aerospace Group.

Features of the Report
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. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.