Aeroengine Composites Market 2021 Analysis by Global Manufacturers -Market 2021 Analysis by Global Manufacturers -

Aeroengine Composites Market - Growth, Trends, And Forecast (2020 - 2025)

The Aeroengine Composites Market covers important aspects of this market concerning fundamental parameters. The report explains outline of the business range, concentrating on the overall industry, development possibilities, types and application. It brief Aeroengine Composites summary of the market considering the current and future scenarios. It also provides information in terms of development and its capacities.

The Aeroengine Composites Market is expected to witness a CAGR of over 7% during the forecast period.

The Aeroengine Composites market is highly competitive and consists of a number of major players: GE Aviation, Rolls Royce Plc, Safran, Pratt and Whitney, CFM International, General Dynamics Corporation, GKN Aerospace, FACC AG, Meggitt PLC, Hexcel Corporation, Solvay, Albany Engineered Composites Inc. and Others

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Scope of the Report

The increasing demand for newer generation commercial aircraft has increased the aircraft production rates, which is also increasing the revenues for the market.

Key Market Trends

Commercial Aircraft Segment to Dominate the Market During The Forecast Period

The commercial aircraft segment now has the highest share in the aeroengine composites market and the segment is expected to continue to hold the largest revenue share in the market in the years to come. The deliveries of commercial aircraft are currently higher, with narrow-body aircraft like the A320 and B737 family of aircraft being sold on a large scale. 386 A320neo family aircraft and 256 737 MAX jets were delivered in 2018. On the leap engines that power these two models, along with the upcoming MC-21, and C919 aircraft, composite structures including 3-D woven carbon fiber composite fan blades and fan case are being used. Also, Ceramic matrix composites (CMC) are being used to build the turbine shrouds of the engine. Further, many developments regarding the use of composites in commercial aircraft engines are underway. For instance, GE is working on the fourth generation of the composite blade for the GE9X. The new engine is the largest engine manufactured by GE and is designed exclusively for Boeings 777X aircraft. The company has already received several orders and commitments for more than 700 GE9X engines from several airlines like Emirates, Qatar, Etihad, Lufthansa, Cathay Pacific, British Airways and All Nippon Airways. With the deliveries of these aircraft being higher and the use of composites increasing on the commercial aircraft engines simultaneously, this trend is projected to continue, making the segment dominate the market in the years to come.

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Asia-Pacific to be the Fastest Growing Market for Aero Engine Composites in the Years to Come

In terms of Geography, Asia-Pacific is now the Fastest Growing Market for Aero Engine Composites. The reason for the high growth rate of the region is the increasing procurement of engines that use these composites. In the commercial sector, more than one-third of the commercial aircraft deliveries of two aerospace giants, Airbus, and Boeing combined, will be to the customers in Asia-Pacific. Recently, in June 2019, AirAsia announced that they are converting an order for 253 A320-200neos to the larger A321-200neo aircraft. Following this, and the purchase of its first A321neo at the start of 2019, AirAsia will become the worlds largest customer of Airbus New Engine Option jetliner. The Leap Engines used in the aircraft uses a higher volume of composites compared to its predecessors. Even the engine of the new C919 aircraft from China, fitted with the Leap engine, has the engine's nacelle made of about 60% composite materials. India got the delivery of its first fighter jet from Rafale in October 2019 and the remaining 35 aircraft are expected to be delivered by mid-2022. These jets are powered by the M88 engines have the nacelles and nozzles made using thermostructural composites from Safran Ceramics. Likewise, many developments in terms of composites on the aircraft engines procured by the region are expected to make the Asia-Pacific the fastest growing market in the years to come.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Aeroengine Composites Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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