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    Aircraft Composite Control Surfaces Market Growth Analysis

    Aircraft Composite Control Surfaces Market Growth Analysis
    Report code - SR1382 Published On : Dec,2021 No. of Pages: 145
    Aircraft Composite Control Surfaces Market Size, Share, Trend, Forecast, Competitive Analy See more...

    Market Highlights

    The Aircraft Composite Control Surfaces Market is likely to experience a promising CAGR of 8.7% during 2021-2026 to reach 4.1 billion by 2026.

    Aircraft control surfaces are aerodynamic devices that are used to adjust and control the flight altitude of the aircraft. The development of an effective set of aircraft control surfaces is the major focus of the aviation industry. Aircraft control surfaces are of two types: primary and secondary control surfaces. Primary control surfaces are the most important ones, airplanes rely on them during take-offs and landings. Secondary flight control surfaces are supplemental devices that assist in the aforementioned flight processes.

    Over the last four decades, the use of composite materials in aerostructures has increased remarkably. Among material types (aluminum, stainless steel, and composites) which are used to manufacture control surfaces, composite is the dominant one with more than three-fourths’ share in the overall aircraft control surfaces market.

    The aerospace industry experienced a hurdle in 2019, such as the grounding of B737Max across regions, which put a halt to the industry's rapid growth. The sudden outburst of the COVID-19 pandemic in 2020 further exacerbated industry challenges. The aircraft composite control surfaces market could not escape from the pandemic’s wrath suffered a debilitating loss of over 31% in 2020. That being said, the aircraft industry is on its way to healing which is quite apparent in recent events, a similar impact is likely to be felt in the market for aircraft composite control surfaces.

    Segment Analysis

    By Fiber Type

    The aircraft composite control surfaces market is segmented as carbon fiber composites and glass fiber composites. Carbon fiber is expected to remain the most preferred material for fabricating control surface parts in the foreseen future. Lightweight, high strength, smooth finish, stiffness and rigidity, good resistance to fatigue and fire, and low coefficient of thermal expansion are some key properties of carbon fibers, making them the preferred fiber type for aircraft control surfaces.

    By Resin Type

    The market is segmented as epoxy composites and other composites. Epoxy is a predominantly used resin type and holds a giant share of the market. Epoxy is preferably used with carbon fiber to fabricate composite parts for high-performance applications. Epoxy is not only used to fabricate composite control surface parts but also to fabricate other crucial aerospace composite parts. Thermoplastics, such as PPS and PEEK, are also gaining some traction in the market, especially in rudder and elevators. These thermoplastic composite parts are excessively used in assembly parts such as cleats and clips. 

    By Type

    The aircraft composite control surfaces market is segmented as primary control surfaces (ailerons, rudders, and elevators), and secondary control surfaces (spoilers, flaps, and air brakes)]. Aileron is expected to remain the largest as well as the fastest-growing control surface type during the forecast period. Ailerons are the important control surface used in pairs to control roll about the longitudinal axis. Flap is likely to remain the second-dominant segment till 2026. It has its importance at the time of take-off and landing. It generates more lift at a slower airspeed which enables the aircraft to fly at a greatly reduced speed with a lower risk of stalling.

    Regional Analysis

    North America is expected to maintain its vanguard in the market during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, composite aircraft control surface suppliers, and airlines. Asia-Pacific will witness the highest growth during the forecast period with China, Japan, and India being the major markets in the region.

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    Key Players

    The supply chain of this market comprises raw material suppliers, composite aircraft control surface manufacturers, tier players, aircraft OEMs, and airline companies. The following are the key players in the aircraft composite control surfaces market.

    • Spirit AeroSystems, Inc.
    • FACC AG
    • Triumph Group Inc.
    • GKN Aerospace (A Melrose Company)
    • Boeing Aerostructures Australia
    • Aernnova Aerospace S.A.
    • Harbin Hafei Airbus Composite Manufacturing Centre
    • CTRM (CTRM Aerocomposites Sdn Bhd)
    • Turkish Aerospace

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Aircraft Composite Control Surfaces Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft composite control surfaces market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The aircraft composite control surfaces market is estimated to grow at a CAGR of 8.7% by 2026.

    Spirit AeroSystems, Inc., FACC AG, Triumph Group, GKN Aerospace (A Melrose Company), Aernnova Aerospace S.A., Boeing Aerostructures Australia, Harbin Hafei Airbus Composite Manufacturing Centre, and Turkish Aerospace are the leading players in the aircraft composite control surfaces market.

    North America is estimated to remain dominant in the aircraft composite control surfaces market in the foreseen future.

    The aircraft composite control surfaces market size is expected to reach USD 4.1 billion in the foreseeable future.

    Carbon fiber is expected to remain dominant fiber type in the aircraft composite control surfaces market in the coming years.

    Epoxy resin holds a giant share of the aircraft composite control surfaces market.


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