Composites Market in the Commercial Aircraft Engines Industry projected to grow at a Healthy CAGR in the forecast period (2017-2022)

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, Composites Market in the Commercial Aircraft Engines Industry is expected to inflate at impressive CAGR by the forecast period (2017-2022).

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Highlights of the Report:
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.

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Market Segments:
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.

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.

Market 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.

Features of the Report
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.