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Global Aerospace Composites Market By Aircraft Type (Civil Helicopter, Military Aircraft, others), By Fiber Type (Carbon ,Ceramic, others), By application (Exterior, Interior), By Region–Forecast & Opportunities to 2026

Report Description

The global aerospace composites market accounted for a value of 22.7 billion in 2019. Aerospace composites market projected to register growth at a CAGR of 9.1% during forecast period.

COVID-19 has impacted aerospace composites market negatively. The demand for this product has been declined due to virus outbreak across the world. The manufacturing activities have been halted and the supply chain got disrupted. The transportation of raw material and finished products got disrupted due to travel restrictions. The air travel was reduced significantly due to which there is a decline in aerospace industry. The aircraft deliveries have been reduced significantly which reduced the demand of composites material in aerospace industry.

Definition:

A composites material is made up of two or more constituent materials having different physical and chemical properties. When the two or more constituents are combined together they produce a material with different characteristics from individual material. Composites material used in aerospace industry due to their low weight and it consists of fiberglass, fiber reinforced and carbon fiber.

Market Dynamics (Drivers/Opportunities):

The composites materials are highly in demand for their properties. These materials can survive harsh conditions. These materials are used as sandwich structures in exteriors and interiors of an aircraft. The demand for such materials because of their properties is increasing in aerospace industry and this is likely to drive growth in composites material in aerospace in industry.

These materials possess high tensile strength and lower weight which gives better fuel efficiency. It helps in reducing maintenance costs. This material complies with all the environmental rules and regulations set up government. This material is highly preferred in aerospace industry which drives growth in this segment during forecast period.

Market Insights, by Aircraft Type

On the basis of aircraft type, the aerospace composites market is segmented into civil helicopter, military aircraft, commercial aircraft and business and general aviation. The commercial aircraft segment is estimated to hold largest market share during forecast period. The demand for composites material is very high in commercial aircraft. Manufacturers of commercial aircraft such as boing and airbus prefer composites materials due their properties. The airframes of these aircrafts are made from composites materials. Composites materials have high tensile strength along with light weight property which helps in increasing fuel economy. This is likely to drive growth in commercial aircraft segment during forecast period.

Market Insights, by Fiber Type

On the basis of fiber type, the aerospace composites market is segmented into carbon fiber composites, ceramic fiber composites, glass fiber composites and others. The carbon fiber composites estimated to hold largest market share during forecast period. Carbon fibers have strength to weight ratio and they have anti corrosive property. The adopting of carbon fibers in rapidly increasing in aerospace industry and this drives growth in this segment during forecast period.

Market Insights, by Application

On the basis of application, the aerospace composites market is segmented into exterior and interior applications. The exterior application segment is estimated to hold largest market share during forecast period. Composites materials possess qualities such as durability, flexibility, low weight, stability, strength and resistance to moisture, heat and temperature. These properties make them most suitable for exterior applications. Composites materials used to make landing gears, engine nacelles, fuselages, wings, undercarriages, leading and trailing edges etc. These factors are likely to drive growth in exterior application of aerospace composites material.

Regional Insights

Europe region is estimated to hold largest market share during forecast period. The demand for aerospace composites material is higher in this region due presence of many aerospace industries which utilize composites material at large scale. Europe region has accounted for XX% of total market share in 2019. The major countries contributed to this growth are France, UK and Germany. The demand in this region for aerospace composites is estimated to increase post COVID19.

Key Companies & Market Share Insights

The key market players in aerospace composites market are Solvay, Mitsubishi Chemical Holdings, Toray Industries, Hexcel Corporation, Teijin Ltd., SGL Group, Spirit Aerosystems, Lee Aerospace, Owens Corning, Materion Corporations, Gurit, Rolls-Royce, Hyosung, Victrex and Quantum Composites.

Segments Covered in the Report

This report forecasts The Global Aerospace Composites Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global aerospace composites market report on the basis of aircraft type, fiber type, and application.

Aerospace Composites Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Aerospace Composites Market, By Aircraft Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Civil Helicopter
  • Military Aircraft
  • Commercial Aircraft and Business
  • General Aviation
  1. Aerospace Composites Market, By Fiber Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Carbon Fiber Composites
  • Ceramic Fiber Composites
  • Glass Fiber Composites
  • Others
  1. Aerospace Composites Market, By Application , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Exterior
  • Interior
  1. Aerospace Composites Materials Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Aircraft Type
    • By Fiber Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Aircraft Type
      • By Fiber Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Aircraft Type
        • By Fiber Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Aircraft Type
          • By Fiber Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Aircraft Type
            • By Fiber Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Quantum Composites
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Solvay
    • Mitsubishi Chemical Holdings
    • Toray Industries
    • Hexcel Corporation
    • Teijin Ltd.
    • SGL Group
    • Spirit Aerosystems
    • Lee Aerospace
    • Owens Corning
    • Materion Corporations
    • Gurit
    • Rolls-Royce
    • Hyosung
    • Victrex
  2. Appendix
    • Interrelated Market

 

 

Q Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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