Aeroengine Composites Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033

The aeroengine composites market size has grown rapidly in recent years. It will grow from $2.22 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to weight reduction requirements, improved fuel efficiency demands, regulatory standards for emissions, increased emphasis on engine performance.

The aeroengine composites market size is expected to see rapid growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to rise in demand for lightweight aircraft, continued development of advanced composite materials, stringent emission regulations, growing adoption of carbon fiber composites, increased focus on sustainable aviation. Major trends in the forecast period include integration of 3d printing in composite manufacturing, advancements in nano-composites for aeroengines, application of hybrid composite structures, development of self-healing composites, emphasis on recycling and circular economy in composite production.

Market Overview -
The aero-engine composites refer to materials made up of two or more constituent parts used in the manufacture of various aerospace engines. Aeroengine composites help in reducing the overall weight of the aircraft and increase fuel efficiency. They offer high strength, thermal stability, and impact resistance. The aero-engine composites are easy to assemble and are resistant to fatigue or corrosion.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6079&type=smp

The Aero-Engine Composites Revolution In Reducing Carbon Footprint And Costs
The constant demand for low-fuel engines is expected to propel the growth of the aero-engine composites market. The aircraft engines with low fuel consumption will not only reduce carbon dioxide emissions but also reduce the operational costs of airline companies. The growing demand for oil across the globe and dwindling reserves are responsible for the increase in oil prices which triggers the need for fuel-efficient engines. Using less fuel through improved fuel efficiency helps in saving a considerable amount of money for the airlines. The use of aero-engine composites will reduce the overall weight of the aircraft and improve its fuel efficiency. For instance, The International Air Transport Association (IATA), a trade association that supports the aviation industry across the globe for airline security, safety, sustainability, and efficiency, adopted a set of ambitious targets to reduce 50% carbon dioxide emissions in net aviation by 2050. Therefore, the demand for low-fuel engines is driving the growth of the aero-engine composites market.

Competitive Landscape -
Major companies operating in the aeroengine composites market report are Solvay SA, Meggitt plc, Hexcel Corporation, Albany Engineered Composites Inc., Fischer Advanced Composite Components AG, General Electric Aircraft Engines, Rolls Royce plc, Safran SA, General Dynamics Corporation, GKN Ltd., Triumph Group Inc., Safran Aerospace Composites, Albany International Corp, Mitsubishi Heavy Industries Ltd., Dassault Aviation SA, Arconic Corporation, Aviation Industry Corporation of China Ltd., Aerojet Rocketdyne Holdings Inc., Moog Inc., Diehl Aerospace GmbH, Hexion Inc., Strongwell Corp, Huayuan Advanced Materials Co. Ltd., Toray Industries Inc., Teijin Ltd., Owens-Corning, SGL Carbon SE, Huntsman Corporation, Cytec Industries Inc., DuPont de Nemours Inc.

Technological Advancements In Aero-Engine Composites For Fuel Efficiency And Sustainability
Technological advancement is a key trend gaining popularity in the aero-engine composites market. The aero-engine composites manufacturers are increasingly focusing on adopting advanced technologies to manufacture the aero-engine composites that enable high fuel efficiency in the engines and reduce CO2 emissions. For instance, in June 2021, GE Aviation, a US-based manufacturer of aircraft engines, and Safran S.A., a France-based manufacturer of aircraft engines, launched a bold technology development program that aims at increasing the fuel efficiency by more than 20% compared to today's engines. The CFM RISE (Revolutionary Innovation for Sustainable Engines) program focuses on delivering new and disruptive technologies for the future engines that are expected to enter service by the mid-2030s. Though there is no specific mention of composites has been made, the comprehensive technology roadmap includes composite fan blades, heat-resistant metal alloys, and ceramic matrix composites (CMC), which suggests that composites will be critical to the engines that are developed.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/aeroengine-composites-global-market-report

Key Segments -
The aeroengine composites market covered in this report is segmented -
1) By Type: Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites
2) By Component: Fan Blades, Fan Case, Guide Vanes, Shrouds, Other Components
3) By Application: Commercial Aircraft, Military Aircraft, General Aviation Aircraft

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.