Report code - SR1382Published On : Dec,2021No. of Pages: 145
Aircraft Composite Control Surfaces Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
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Aircraft Composite Control Surfaces Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Aircraft Composite Control Surfaces Marketby Aircraft Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, and General Aviation), Fiber Type (Carbon Fiber Composites and Glass Fiber Composites), Resin Type (Epoxy Composite and Other Composites), Type (Primary Control Surfaces [Ailerons, Rudders, Elevatotrs] and Secondary Control Surfaces [Spoilers, Flaps and Air Brakes]), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aircraft Composite Control Surfaces Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, and General Aviation), Fiber Type (Carbon Fiber Composites and Glass Fiber Composites), Resin Type (Epoxy Composite and Other Composites), Type...
"The global 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) that 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 halted the industry's rapid growth. The sudden outbreak 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 and 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
Fiber Trends
"Carbon fiber segment accounted for the largest market share."
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 partsin 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.
Resin Trends
"Epoxysegment accounted for the largest market share."
The market is segmented into 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
"Aileronsegment accounted for the largest market share."
The aircraft composite control surfaces market is segmented into primary control surfaces (ailerons, rudders, and elevators) and secondary control surfaces (spoilers, flaps, and air brakes). Aileron is expected to remain thelargest and fastest-growing control surface type during the forecast period. Ailerons are the important control surfaces used in pairs to control roll about the longitudinal axis. The 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, enabling the aircraft to fly at a greatly reduced speed with a lower risk of stalling.
Regional Insights
"North Americaaccounted for the largest market share."
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.
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.
Harbin Hafei Airbus Composite Manufacturing Centre
CTRM (CTRM Aerocomposites Sdn Bhd)
Turkish Aerospace
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
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?
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.
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Company Profiling
Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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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.