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Braided Composites Market Report
Braided Composites Market is Segmented by End-Use Industry Type (Aerospace & Defense, Automotive, Sporting Goods, and Others), by Architecture Type (Biaxial, Triaxial, and Others), by Fiber Type (Carbon Composites and Other Composites), by Resin Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global braided composites market offers healthy growth opportunities in the entire ecosystem with an expected market size of US$ 407.9 million in 2023. Increasing production rates of the next-generation aircraft, such as A350XWB; increasing production of luxury and hybrid vehicles; increasing demand for lightweight parts with the purpose to enhance fuel efficiency or to reduce carbon emissions; rising concern over reducing VOC emissions; and an excellent performance of braided parts are the key factors propelling the demand for braided composites. Braiding makes composite parts stronger, damage tolerant, and stiffer. The technology is relatively easy to use and produces parts at a lower cost with superior performance. Furthermore, low VOC emission and minimal scrap rate are augmenting the technology’s adoption rate in the various industries.
The global braided composites market is segmented based on end-use industry as Aerospace & Defense, Automotive, Sporting Goods, and Others. Aerospace & Defense is projected to remain the largest segment of the global braided composites market during the forecast period of 2018 to 2023. Fan case containment and fuselage frames are some of the major applications of braided composites in the aerospace & defense industry. Automotive is likely to remain the fastest-growing segment of the global braided composites market during the same period, propelled by increasing production rates of hybrid and luxury cars coupled with rising usage of composites.
Based on the architecture type, triaxial braided composite is expected to remain the largest segment during the forecast period. It is the most preferred choice for over braiding of parts, owing to its superior performance. Fan case containment is one of the major applications of triaxial braided composites.
Based on the regions, North America is expected to remain the largest braided composites market during the forecast period, driven by the Aerospace & Defense industry. The USA is projected to remain the growth engine of the North American braided composites market over the next five years. Europe is likely to be the fastest-growing braided composites market during the same period, primarily driven by increasing production rate of A350XWB and increasing demand for composite rich hybrid and luxury vehicles.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2012-2023 |
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Regions Covered |
North America, Europe, Rest of the World |
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Size in 2023 |
US$ 407.9 million |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The braided composites market is segmented into the following categories.
The supply chain of this market comprises raw material suppliers, braiders, braided composite part manufacturers, and OEMs.
The key braided composite part manufacturers are-
New application development, the formation of mergers & acquisitions, and execution of long-term contracts with customers are the key strategies adopted by the key players to gain a competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the braided composites market over the forecast period of 2018 to 2023 and the trend period of 2012 to 2017. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview research offers custom research services across the sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The braided composites market size is expected to reach US$ 407.9 million in the foreseeable future.
GE Aviation, Airbus Group, BMW AG, Exelis Inc., Sigma Precision Components Ltd., and GKN Aerospace are among the key players in the braided composites market.
North America is expected to remain the largest braided composites market during the forecast period.
Europe is expected to be the fastest-growing braided composites market in the coming five years.
Carbon Fiber is expected to remain dominant fiber type in the braided composites market in the next five years.
Aerospace & Defense is expected to be the largest end-use industry in the braided composites market during the forecast period.
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