Aeroengine Composites Market 2021 Disclosing Latest Trends and Advancement Outlook 2026

The Aeroengine Composites Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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

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Top Leading Companies of Aeroengine Composites Market are 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.

Competitive Landscape:

29 Mar 2021: Rolls-Royce starts building world’s largest aero-engine

Work on the first UltraFan module is underway at the firm’s DemoWorks facility in Derby. The demonstrator engine, which has a fan diameter of 3.56m, will be completed by the end of the year.

The engine could be the basis for a new family of engines able to power both narrowbody and widebody aircraft. Rolls-Royce said it will deliver a 25% fuel efficiency improvement compared with the first generation of Trent engine, which first ran 31 years ago.

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.

By Type:

Fan Blades

Fan Case

Guide Vanes

Shrouds

Others

By Application:

Commercial Aircraft

Military Aircraft

General Aviation Aircraft

Regional Analysis:

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 world’s 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.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Aeroengine Composites Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Aeroengine Composites Market (%),2016 - 2026
- Aeroengine Composites Market Share, By Brand
- Aeroengine Composites Market Share, By Company
- Aeroengine Composites Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Aeroengine Composites Market Value Analysis & Forecast
- Promising Aeroengine Composites Development by Major Companies
- Detailed Aeroengine Composites Portfolio of the Major Companies
- Major Deals in the Aeroengine Composites Market
- Major Companies Analysis

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