Aerospace Composites Market Manufacturers, Size, Trends Analysis & Industry Report, 2020-2027

 

Global Aerospace Composites Market

The GMI Research asserts that the Aerospace Composites Market will go through a robust demand over the forecast period. Aerospace composites offer exceptional advantages, such as, durability, resilience to heat, moisture, higher strength, and flexibility, which steers the market growth.

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Aerospace Composites Market Dynamics

The robust demand for composite materials in the aerospace industry owing to its lighter weight and huge application in interior and exterior parts is a prime factor responsible for the growth of the global aerospace composites market. Also, the accelerating air traffic accompanied by the surging number of imminent economical carriers in Asian and Latin American nations for stable air travel is stimulating the Aerospace Composites Market Share.

The market is driven by the growing demand for aerospace composites across the civil aviation industry, primarily in single-aisle, twin-aisle, and business jets mainline aircraft. Boeing, since 2013, has produced nearly five 787 Dreamliners per month which have composite horizontal stabilizer instruments. Thus, the accelerating production of such aircraft will impel the Aerospace Composites Market Size.

The surging demand for aerospace composites, primarily from business jets, helicopters, commercial & military aircraft, general aviation, and spacecraft manufacturing, is fuelling the market growth. Furthermore, as per the Aerospace Composites Market Report, the rigorous norms concerned with the lower fuel consumption have persuaded the end-users to choose aerospace composites materials. Airbus, in 2018, launched the new fuel-effective and wider body aircraft A350XWB, with nearly 53% composite in the fuselage.

However, as per the Aerospace Composites Market Report, the excessive safety and security concerned with aviation structure needs testing of aerospace composites at each step. The principal expense of testing is high, thus generating doubts for the application of composites materials.

Process Segment Drivers

The carbon fiber segment is anticipated to witness a higher CAGR over the forecast period. This material is primarily used across various aerospace applications as it proffers to higher strength-to-weight ratio. Carbon fiber composites are implemented for several applications such as engine nacelles, wings, and fuselages in the automotive sector.

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