The global aerospace composites market reached a value of US$ 40.3 Billion in 2020. Looking forward, the analyst expects the market to grow at a CAGR of 6.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The aerospace composite refers to reinforced carbon, ceramic and glass based fibers that are present in a tough resin matrix. They are commonly used in propellers, seats, wing assemblies, rotor blades and instrument enclosures of passenger airlines, fighter planes, helicopters, space shuttles and gliders. These composites exhibit high mechanical strength and low density that can be used for manufacturing both structural and utility components of the aircraft. They also exhibit flexibility in manufacturing complex shapes, fiber toughness and resistance to fatigue and corrosion that aids in enhancing the efficiency of the engine.
Significant growth in the aviation and aerospace industries is among the key factors driving the growth of the market. Furthermore, the growing need to develop fuel-efficient aircraft is also providing a boost to the market growth. Manufacturers are building commercial aircraft with composite materials due to their low-weight, high mechanical strength and weather resistance properties. Additionally, increasing air traffic and tourism activities, especially in the emerging economies, is acting as another growth-inducing factor. Airlines are replacing outdated aircraft with technologically advanced and modern airplanes that are equipped with increased payload capacities and cost-efficiency. This has resulted in the widespread adoption of aerospace composites across the globe. Apart from this, increasing space exploratory activities using drones, spaceships and aircraft is also favoring the market growth. Composites safeguard the aircraft and the equipment against damages caused by accidents, climatic changes and collisions. Other factors, including favourable government policies to improve air transport infrastructure, increasing trade activities and extensive research and development (R&D), are projected to drive the market in the upcoming years.
Breakup by Fiber Type: Carbon Fiber Composites Ceramic Fiber Composites Glass Fiber Composites Other Fiber Composites
Breakup by Resin Type: Epoxy Phenolic Polyester Polyimides Thermoplastics Ceramic and Metal Matrix Others
Breakup by Aircraft Type: Commercial Aircraft Business Aviation Civil Helicopters Military Aircraft & Helicopters Others
Breakup by Application: Interior Parts Exterior Parts
Breakup by Manufacturing Process: AFP/ATL Layup RTM/VARTM Filament Winding Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being Bally Ribbon Mills, Hexcel Corporation, Materion Corporation, Mitsubishi Chemical Holding Corporation, Renegade Materials Corporation, Koninklijke Ten Cate B.V., SGL Carbon SE, Solvay, Teijin Limited, Toray Industries Inc., etc. Key Questions Answered in This Report:
How has the global aerospace composites market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global aerospace composites market? What is the breakup of the market based on the fiber type? What is the breakup of the market based on the resin type? What is the breakup of the market based on the aircraft type? What is the breakup of the market based on the application? What is the breakup of the market based on the manufacturing process? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global aerospace composites market and who are the key players? What is the degree of competition in the industry?
Our reports have been used by over 10K customers, including:
120 pages •
By Infiniti Research Limited
• Nov 2021
Global Polymer Matrix Composites Market 2022-2026 The analyst has been monitoring the polymer matrix composites market and it is poised to grow by $ 3.76 bn during 2022-2026, progressing at a CAGR of 6.50% during the forecast period. Our report on the polymer matrix composites market provides a holistic analysis, market...
The Aerospace industry in Mexico is anticipated to grow from USD 5.12 billion in 2020 to USD 16.87 billion by 2026, registering a CAGR of 22.1% during the forecast period. Due to the COVID-19 pandemic, the Mexican economy ended 2020 with the largest drop in GDP since the Great Depression, shrinking by 0.19 trillion from the previous...
The global aerospace coatings market grew at a CAGR of around 6% during 2015 & 2020. Aerospace coatings are made using multiple layers of materials to improve aircraft efficiency and overall performance. These coatings can withstand high temperatures and offer resistance against corrosion and ultraviolet (UV) rays,...
The global CubeSat market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic...
Trends, opportunities, and forecast in invar tooling market to 2026 by application (transportation, marine, wind energy, aerospace, construction and others), and by region (North America, Europe, Asia Pacific, and Rest of the World) The future of the global invar tooling market looks promising with opportunities in aerospace transportation...
Over the past decade, the aerospace industry has witnessed the growing application of additive manufacturing technology.Major applications include developing parts for the aircraft interior and engine. The technology replaces parts made using the traditional manufacturing process, offering aerospace companies increased supply chain...
The aerospace materials market size is estimated to be USD 37.9 billion in 2021 and is projected to reach USD 57.9 billion by 2026, at a CAGR of 8.8% between 2021 and 2026. Aerospace materials are used for manufacturing different aircraft types such as commercial aircraft, business & general aviation, military aircrafts, helicopters and others....
175 pages •
By The Business Research Company
• Sep 2021
Major players in the digital aerospace MRO market are IBM Corporation, IFS AB, Ramco Systems, Rusada, Boeing, Swiss Aviation Software AG, Lufthansa Technik, General Electric, Honeywell International, HCL Technologies Limited, Oracle Corporation, Traxxall Technologies, Ansys, Capgemini, Hexaware Technologies, Winair, and Microsoft Corporation. The...
120 pages •
By Infiniti Research Limited
• Nov 2021
Global Electrical Discharge Machine Market 2021-2025 The analyst has been monitoring the electrical discharge machine market and it is poised to grow by $ 1.53 bn during 2021-2025, decelerating at a CAGR of 7.65% during the forecast period. Our report on the electrical discharge machine market provides a holistic analysis,...
The fiber optic cables market for military & aerospace size is projected to grow from USD 1.2 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 5.1% from 2021 to 2026. The market is driven by various factors, such as improved interoperability of military systems, increasing use of fiber optics in aircrafts, increasing defense expenditure...
Air Passenger Traffic
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.