Ceramic Matrix Composites (CMCs) Market in Aircraft Engines likely projected to grow at a healthy CAGR by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Ceramic Matrix Composites (CMCs) Market in Aircraft Engines scenarios and has also estimated the Ceramic Matrix Composites (CMCs) Market in Aircraft Engines size projected to grow at a healthy CAGR by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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The global ceramic matrix composites market is one of the fastest-growing markets in the aviation industry, and is projected to witness an impressive double-digit growth rate over the next five years, driven by the development of CMC applications in the best-selling aircraft or their variants owing to the intrinsic advantages of CMCs such as temperatures resistance up to 260°C higher than nickel alloys at just one-third weight. There would be a continuous replacement of nickel alloys with CMCs in both the 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 CMCs in aircraft engines.

The global ceramic matrix composites market in aircraft engines is segmented based on aircraft type as Commercial Aircraft, Business Jet, Military Aircraft, and Helicopter. Commercial aircraft is forecasted to remain the largest segment of the CMCs market in aircraft engines over the next five years. Development of CMC parts in the 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.

The ceramic matrix composites market in aircraft engines is also segmented based on component type 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 the static applications in their most-selling engines. We also expect a surge in the demand for CMC parts from the rotational components over the next five years.

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Based on the application type, the ceramic matrix composites market in aircraft engines is bifurcated into Shrouds, Combustor Liner, Blades, Nozzle, and Others. Shrouds are projected to remain the largest application over the next five years, driven by their usage in the 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 1,118 Leap engines in 2018 and is projected to deliver approximately 2,000 Leap engines by 2020. Furthermore, the 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 is segmented as High-Pressure Zone, Low-Pressure Zone, and Engine Combustor. High pressure zone would remain the hotspot 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 the extreme temperatures up to 1,300°C, a significant weight saving compared with nearest rival nickel alloys, and no need for air cooling. This improves the engine thrust and reduces fuel consumption and emits fewer pollutions. All three zones are likely to witness impressive growth rates in the coming five years.

North America is projected to remain the largest market during the forecast period. This region has been investigating the potential of CMCs in aircraft engines for the last two decades. The key CMC players have 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. The key players are rolling out their dedicated CMC plants in North America to address the surging demand for CMCs.

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Highlights of the Report:
The 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 compete with metals for high-pressure and low-pressure applications in aircraft engines. CMCs are as tough as metals and are just one-third the weight of nickel alloys and can operate at 1,300° Celsius. They have the ability to withstand extreme temperatures and require less cooling air to be diverted from the thrust. As of result, engines run at higher thrust. Additionally, engines run hotter, consuming fuel efficiently and emitting fewer pollutants.
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. The development of new applications, the formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by companies to gain a competitive advantage over the market.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Ceramic Matrix Composites (CMCs) Market in Aircraft Engines analysis report discusses the following heads in great detail:
• 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 trend and forecast analysis
• Market segment trend and 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
• Key success factors

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