Braided Composites Market Report

Market Insights

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.

Segments' Analysis

Braided Composites Market Share by End-Use Industry Type

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.

Braided Composites Market Share by Architecture Type

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.

Regional Insights

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.

Market Scope & Segmentation

The braided composites market is segmented into the following categories.

Braided Composites Market Size, Share & Forecast, by End-Use Industry Type:

• Aerospace & Defense (Regional Analysis: North America, Europe, and RoW)
• Automotive (Regional Analysis: North America, Europe, and RoW)
• Sporting Goods (Regional Analysis: North America, Europe, and RoW)
• Others (Regional Analysis: North America, Europe, and RoW)

Braided Composites Market Size, Share & Forecast, by Architecture Type:

• Biaxial (Regional Analysis: North America, Europe, and RoW)
• Triaxial (Regional Analysis: North America, Europe, and RoW)
• Others (Regional Analysis: North America, Europe, and RoW)

Braided Composites Market Size, Share & Forecast, by Fiber Type:

• Carbon Fiber (Regional Analysis: North America, Europe, and RoW)
• Other Fibers (Regional Analysis: North America, Europe, and RoW)

Braided Composites Market Size, Share & Forecast, by Resin Type:

• Thermoset Resins (Regional Analysis: North America, Europe, and RoW)
• Thermoplastic Resins (Regional Analysis: North America, Europe, and RoW)

Braided Composites Market Size, Share & Forecast, by Region:

• North America
• Europe
• Rest of the world

Key Players

The supply chain of this market comprises raw material suppliers, braiders, braided composite part manufacturers, and OEMs.

The key braided composite part manufacturers are-

• GE Aviation
• Airbus Group
• BMW AG
• Exelis Inc.
• Sigma Precision Components Ltd.
• GKN Aerospace.

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.

Research Methodology

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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the end-use Industry by architecture type 

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 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 sales@stratviewresearch.com.