Press release
Aerospace & Defense Thermoplastic Composites Market Set to Reach US$ 870 Million by 2030, Reports Stratview Research
Stratview Research, a leading global market research firm, forecasts that the global aerospace & defense thermoplastic composites market will grow at an annual rate of 14.8%, reaching US$ 870 million by 2030. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/299/aerospace-&-defense-thermoplastic-composites-market.html#form
Key Report Highlights:
• Market Size by 2030: US$ 870 million
• Growth Rate (CAGR): 14.8% (2024-2030)
• Forecast Period: 2024-2030
• Trend Period: 2018-2022
• Base Year: 2023
• Segments Covered: 6
• Number of Tables & Graphs: 100+
The report serves as a comprehensive decision-making tool for key stakeholders such as CXOs, business strategists, and investors, offering:
• Strategic Clarity: Insights into market trends, growth opportunities, and emerging challenges to streamline business strategies.
• Competitive Intelligence: Analysis of top players, their market positioning, and innovative strategies driving their success.
Future Readiness: A detailed outlook on evolving market dynamics, technological advancements, and industry disruptions.
Segment Insights on the Aerospace & Defense Thermoplastic Composites Market:
The report dives deep into the segmentation of the aerospace & defense thermoplastic composites market based on critical parameters:
• By Aircraft Type: The A&D thermoplastic composites market is segmented into commercial aircraft, general aviation, military aircraft, and others. Commercial aircraft are expected to remain dominant as well as the fastest-growing aircraft type in the market during the forecast period. On the B787 aircraft, thermoplastic composites are used to provide localized reinforcement between some of the fuselage frames, in the form of shear webs (about 150 per aircraft). On average, about 8,000 clips are used in an A350XWB aircraft, whereas there are 10,000 to 15,000 such clips and cleats in a B787 aircraft. Both Airbus and Boeing aircraft have undergone a massive transformation in their aircraft material mix over the years. The latest aircraft have ≥50% composites. They are used on the fuselage, wings, and stabilizers, making the aircraft incredibly strong and yet much lighter. Over the years, Airbus has progressively used thermoplastic materials and welding on structural applications on several aircraft: A340, A380, A350, and military applications.
• By Resin Type: The market is segmented into PPS-based composites, PEEK-based composites, PEI-based composites, and other composites. PEEK-based composites are expected to remain the dominant and fastest-growing resin of the market during 2024-2030. PEEK composites offer an exceptional combination of benefits aiding aerospace OEMs, designers, and processors to attain cost savings, quality, and performance. They help lower weight, improve buy-to-fly ratios, and provide design freedom to optimize the design. PEEK is often used with carbon fiber to fabricate clips, cleats, brackets, clamps, and connectors. Clean Sky 2's OUTCOME project has tested and validated a sustainable manufacturing process for producing a stiffened thermoplastic composite upper skin for the external wing box of Airbus C-295 aircraft.
• By Application Type: For airframe, PPS resin is the most widely used resin and carbon fiber is the most widely used reinforcement, whereas; for interior PEI and glass fiber are the preferred resin and reinforcement types, respectively. Airframe is expected to remain the most attractive application of the market by 2030. Key application areas in the airframe segment are clips, cleats, leading edges, panels for the fuselage, shear webs, stringers, ribs, rudders, and elevators. There is also growing interest in thermoplastic composites in interiors with floor panels, brackets, profiles, and seat backs being key applications. Ardent efforts toward leveraging the full potential of thermoplastic composites for structural applications are likely to give a thrust to the segment's growth. In 2020, Victrex Collaborated with Daher to produce a 176-ply laminate structural aircraft panel, a thickness of 32 mm. utilizing VICTREX AETM 250 LMPAEK composite. This may offer key advantages for the industry in primary structural applications.
Click here to read our official press release:
https://www.stratviewresearch.com/press_details/aerospace-and-defense-thermoplastic-composites-market-is-forecasted-to-reach-us-dollar-870-million-in-2030-says-stratview-research
Which Region Shows the Most Promising Growth Forecast and Opportunity?
Europe is anticipated to remain at the forefront throughout the forecast period, whereas North America is likely to grow at the highest rate by 2030. Europe to hold its unassailable lead in the coming years (56.1% share, value basis, in 2023). Airbus surpassed Boeing in terms of deliveries, winning the deliveries crown for the fifth consecutive year. This ultimately fuels the European market. Key players: GKN Aerospace (Fokker Aerostructure), Premium Aerotec, Daher, and Dutch Thermoplastic Composites (now part of Collins Aerospace). The A350XWB is using a huge amount of thermoplastic composite parts, mainly in the fuselage. The increase in the footprint of European players in the USA is driving North America's market. Daher is making its presence by developing a relationship with Gulfstream Aerospace for supplying thermoplastic parts for the wing and fuselage for some of the programs.
Aerospace & Defense Thermoplastic Composites Market Drivers:
The growth of the aerospace & defense thermoplastic composites market is driven by a combination of macroeconomic factors, evolving industry needs, and technological innovation. Companies are recognizing the need to adapt to shifting market dynamics and are increasingly investing in research, product development, and strategic alliances to maintain their market edge.
Some of the key factors producing measurable change in the market dynamics are as follows:
• Increasing demand for weight reduction to improve fuel economy and reduction in carbon emissions in the aerospace industry.
• Increasing penetration of composites in modern aircraft programs.
• low processing cost coupled with the advantage of recyclability of thermoplastic composites over thermoset composites.
Top Companies in the Aerospace & Defense Thermoplastic Composites Market:
The report profiles prominent companies operating in the aerospace & defense thermoplastic composites market, providing detailed insights into their market positioning, key strategies, and competitive advantages. Listed below are some of the key players.
• GKN Aerospace
• Premium AEROTEC GmbH
• Daher
• Collins Aerospace
• Avanco Group
What Unique Insights Does This Report Offer?
This comprehensive report also answers the following critical questions:
• What is the projected market size and growth potential?
• Which regions and segments are most lucrative for investment?
• Who are the major players, and what are their strategies?
• What challenges and opportunities exist in the market?
• What key trends are shaping the market's future?
For Customization or Any Other Queries, get in Touch with Our Industry Experts at: sales@stratviewresearch.com
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About Us:
Stratview Research is a global market research firm specializing in aerospace, defense, chemicals, energy, and other critical industries. Our reports provide actionable insights, enabling businesses to make confident decisions in competitive markets. Offering highly tailored research solutions such as market assessment, opportunity screening, voice of customer analysis, and entry strategies, we help companies achieve their global and regional growth objectives.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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