Aerospace Composites Market Share, Size, Opportunity, Growth Factors, Statistics Data, Trends, Competitive Landscape and Regional Forecast To 2023
Key players leading the global aerospace composites market include Solvay Group (Belgium), Owen Corning (US), Teijin Limited (Japan), Toray Industries, Ltd. (Japan), Royal Ten Cate (Netherlands), Hexcel Corporation (US), Kaman (US), SGL Group (Germany), General Electric (US), and Koninklijke Ten Cate BV (Netherlands) among others.
The global aerospace composites market has been growing rapidly, mainly due to the flourishing aerospace industry that is continually registering an increasing demand. The use of composites in the making of aircraft is primarily to reduce the overall weight and corrosion in the aircraft body, which further drastically reduces the maintenance costs. As a result, the use of these composite materials has increased dramatically.
Today, nearly 55% of the new aircraft are manufactured using composite materials as compared to old aircrafts that used only 2–5% composites. The increasing uses of these materials have led to increasing the size of the market, creating a huge demand, and the investments for the production and the R&D activities. Resultantly, the aerospace composite market is garnering colossal traction on the global front.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1242
Acknowledging the substantial growth that the market is witnessing, currently, Market Research Future (MRFR) in its recently published study analysis asserts that the global aerospace composites market is expected to accrue enormously by 2023, registering over 9% CAGR throughout the forecast period (2017-2023).
The burgeoning aircraft engineering and aviation industry is a dominant driving force behind the growth of the aerospace composites market. Evidently, Technological advancements are the key growth driver for the growth of the market.
Technological advancements transpired in the production process of these composites have certainly been supporting to suffice the augmented demand, eventually escalating the aerospace composites market to the next level.
Reduction in weight is particularly important in an environment where fuel prices are skyrocketing, and governments are continually tightening emission control standards. Hence, Aircraft manufacturers and OEMs are increasingly using these composites for various aircraft interiors and components. As a result, the usage of composites is expected to witness a surge by over 40%, in the next ten years.
Also, there is an increasing demand for carbon fiber composites in the defense and aerospace sector. The reason behind this is properties that carbon composites render such as lightweight, high strength, weather-resistant finish, and different surface textures. The usage of carbon fiber composites is projected to account for nearly 75% of the total composites used in aircraft manufacturing.
Global Aerospace Composites Market - Segmentation
For ease of understanding, the analysis is segmented into three key dynamics:
By Type: Glass Fiber, Carbon Fiber, and Aramid Fiber, among others.
By Applications: Commercial and Military.
By Regions: North America, Europe, Asia Pacific, and the Rest-of-the-World.
Global Aerospace Composites Market - Geographical Analysis
North American region, heading with the presence of several manufacturers of aerospace parts, would continue its dominance over the global aerospace composites market. Factors such as the increasing number of carbon fiber composites manufacturing plants led by the augmenting demand for carbon fiber composites are acting as a major driving force for the regional market. Countries such as the USA, Canada, and Mexico are projected to be key contributors to the growth of the aerospace composites market in the region.
The aerospace composites market in the European region accounts for the second-largest market, globally. Europe has been witnessing significant growth in the aerospace composites market, which is led by the well-established the aviation industry and the defense sector. It is projected that some European countries, such as the UK, Germany, and Italy, would lead the regional market due to the huge consumption of aerospace composites.
The Asia Pacific aerospace composites market is emerging as a profitable market, globally. Factors such as the spurting rise in the number of air travels and the presence of evolving global aircraft leaders in the region have increased the growth of the aerospace composites market.
Furthermore, owing to the increased number of low-cost carriers and rising demand for the product, the APAC market is expected to witness healthy growth throughout the forecast period. Countries such as China, Japan, and India have become apparent as the leading players in this region.
The Middle East & Africa region is predicted to witness significant growth in the market due to the growing use of aerospace composites, presence of aircraft competitors and the increasing number of MRO activities of aircraft in the region.
Global Aerospace Composites Market - Competitive Analysis
Highly competitive, the global aerospace composites market appears to be fragmented with the presence of several well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch to gain a competitive advantage in this market.
Industry/Innovation/ Related News:
May 22, 2019 ---- Carboman Group S A (France), one of the largest manufacturers of composite parts in Europe announced its collaboration with Aviation Aircraft (Israel), a global manufacturer of all-electric air mobility solutions for Aviation’s Alice, an all-electric aircraft structure that will debut at the 2019 Paris Air Show next month.
Carboman will be presenting its new carbon fiber composite fuselage for Alice. The goal, Carboman says, was to create the lightest possible carbon fiber composite airframe to provide a cost-effective 650-mile range for the aircraft, while using a sustainable, low noise and zero-emission electric propulsion system.
Carboman also mentioned that it would also showcase composite parts for new mobility flying solutions while announcing its latest capacity expansions for aerospace customers in the aviation and space sectors. Carboman also announced its plans for expanding its production infrastructure for both aerospace tooling and components.
May 06, 2019 ---- SGL Carbon (Germany), one of the world’s leading manufacturers of carbon and graphite product manufacturing company announced entering into a new partnership with the National Composites Centre (UK) to develop future composite technologies, jointly, for applications in aerospace. A development area targeted by partners is the improvement of material utilization for primary and secondary structural components.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/aerospace-composites-market-1242
WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune -, 411028 Maharashtra, India
Market Research Future® (Part of WantStats Research And Media Pvt. Ltd.) has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Our Research Analysts are eager to share their knowledge and assist you in refining market research parameters, choosing right market studies, and evaluating both the market scope and the research methodologies of varied segments.
We bridge the gap between our clients and their clients by identifying and decoding just the target group, while generating leads with the highest accuracy.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aerospace Composites Market Share, Size, Opportunity, Growth Factors, Statistics Data, Trends, Competitive Landscape and Regional Forecast To 2023 here
News-ID: 2085940 • Views: 308
More Releases from market research future.
Anti-Drone Market Trends, Industry Analysis, Opportunities, Size, Competitive An …
The Global Anti-Drone Market Are Expected To Witness ~20% CAGR During The Period From 2018 To 2023. Key Players The key players in the global ANTI-DRONE market are Thales Group (France), Blighter Surveillance Systems Ltd (UK), Lockheed Martin Corporation (US), Saab AB (Sweden), Raytheon Company (US), Israel Aerospace Industries Ltd (Israel), Airbus (France), Boeing (US), L3 Technologies Inc. (US), Northrop Grumman Corporation (US), and Terra Hexen (Poland). Market Highlights Anti-drone refers to systems that
Airport Security Market Trends, Industry Analysis, Opportunities, Size, Competit …
The Airport Security Market Is Estimated To Register A CAGR Of More Than 6% During The Forecast Period From 2018 To 2023. Key Players The key players in the airport security market are American Science and Engineering, Inc. (U.S.), Autoclear LLC (U.S.), C.E.I.A. SpA (U.S.), FLIR Systems, Inc. (U.S.), L3 Security & Detection Systems (U.S.), OSI Systems, Inc. (U.S.), Robert Bosch LLC (U.S.), Siemens AG (Germany), Smiths Detection LLC (U.S.), and Westminster
Connected Aircraft Market Trends, Industry Analysis, Opportunities, Size, Compet …
Overview Connected Aircraft Market is expected to reach USD 9,671.7 Million by 2024 at a CAGR of 16.40% during the forecast period. Modern aircraft are integrated with data-centric architecture to capture real-time information from take-off to landing, which assists in improving the safety and efficiency of the aircraft. Data sharing with other aircraft and ground-based operational teams also help improve efficiency and ensure safety during emergencies. The high demand for onboard infotainment services and live telecast of
Global Aircraft Cabin Lighting Market Recent Trends, Industry Analysis, Opportun …
The Global Aircraft Cabin Lighting Market is estimated to witness a CAGR of 7% from 2018 to 2023. Key Players The key players in global aircraft cabin lighting market are Rockwell Collins (U.S.), Zodiac Aerospace (France), Honeywell International (U.S.), Diehl Stiftung & Co. (Germany), United Technologies (U.S.), Cobham Plc (U.K), Astronics Corporation (U.S.), STG Aerospace Limited (U.K), Luminator Technology Group (U.S.), and Precise Flight Inc. (U.S.). Market Highlights: The Market For Aircraft Cabin Lighting
More Releases for Composites
Construction Composites Market 2018 Global players Trex Company, Diversified Str …
Growing construction activities in the emerging countries due to massive government investments to improve public infrastructure will boost the construction composites market size by 2025. For instance, in India USD 2.4 billion project is currently in progress to build the Navi Mumbai International Airport that started in March 2015 and is expected to be completed till 2019. Similarly, UAE has been making considerable investment in constructing ports which was valued
Construction Composites Market 2024 Global key players Diversified Structural Co …
Construction Composites Market for commercial applications is projected to rise at a CAGR of more than 4.5% by 2025. Commercial construction includes bridges, tunnels, airports, roads, hospitals, etc. Government has been making substantial investment to improve the infrastructure, which in turn will propel the construction composite market size by 2025. For instance, government of India have announced spending USD 59 billion to modernize its infrastructure in the coming years which
Global Rail Composites Market Research Report 2018 | Applications Analysis and K …
Researchmoz added Most up-to-date research on "Global Rail Composites Market Research Report 2018" to its huge collection of research reports. This report studies the global Rail Composites market status and forecast, categorizes the global Rail Composites market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and
Global Construction Composites Market 2018 - Exel Composites, Trex Company Inc.
The Global Construction Composites market 2018 delivers detailed prognosis on current and forecast market situation of Construction Composites market in the assessment period, 2018-2025 based on the market’s growth history, sales channel, and manufacturers in the Construction Composites industry. The report also reveals market share of product type, application and scope of a region in detail. The Construction Composites report also consists of key drivers and limiting factors affecting the
Nonwoven Composites Market Report 2017
Nonwoven Composites Market Report 2017 Nonwoven Composites market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Access Full Report : https://www.reportsandmarkets.com/reports/asia-pacific-nonwoven-composites-market-report-2017-1732204 Geographically, this report split Asia-Pacific into several key Regions, with sales (K sqm), revenue (Million USD), market share and growth rate of Nonwoven Composites for these regions,
Construction Composites Market Share 2017 Strongwell, Exel Composites, Trex Comp …
Global Construction Composites Market Research Report Worldwide Construction Composites 2017 Research Report presents a professional and complete analysis of Global Construction Composites Market on the current situation. Construction Composites Market report includes development plans and policies along with Construction Composites manufacturing processes and price structures. Global Construction Composites Market 2017 research report offers the analytical view of the industry by studying different factors like Construction Composites market growth, consumption volume, Construction