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    Aerospace & Defense Thermoplastic Composites Market Report

    Aerospace & Defense Thermoplastic Composites Market Report
    Report code - SRAD156 Published On : Oct,2023 No. of Pages: 179
    A&D Thermoplastic Composites Market Size, Share, Trend, Forecast, Competitive Analysis See more...

    Market Insights

    Thermoplastic composite materials are considered excellent materials for current and future aircraft components. Years of R&D and continuous efforts assisted the industry stakeholders in replacing not only various metallic parts but also thermoset composite parts. From being used in nominal and non-crucial areas of application to being a part of the most high-performance applications such as fuselages, composites have had a striking and prodigious journey in the aerospace industry. Increasing demand for weight reduction to improve fuel economy and reduce carbon emissions in the aerospace industry, increasing penetration of composites in modern aircraft programs, and low processing cost coupled with the advantage of recyclability of thermoplastic composites over thermoset composites are some of the key factors driving the demand.

    The market is highly impacted by new technological advancements, production rates of aircraft, FAA regulations, and other factors. Major players have been working hard for advancements in the existing thermoplastic materials. There has also been a development of a unidirectional carbon prepreg, which further allows weight savings through high fiber content and can be fabricated with an automated production process for high-volume production.

    The A&D industry is on the road to recovery from the grave aftermath of the pandemic, the impact of which can also be seen in the A&D thermoplastic composites market. The A&D thermoplastic composites market is likely to grow at a promising CAGR of 18.6% during 2023-2028 to reach US$ 840 million in 2028.

    A&D Thermoplastic Composites Market Size

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    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Aircraft-Type Analysis

    Commercial Aircraft, General Aviation, Military Aircraft, and Others

    Commercial aircraft is anticipated to remain the biggest demand generator in the years to come.

    Resin-Type Analysis

    PPS-based Composites, PEEK-based Composites, PEI-based Composites, and Other Composites

    PEEK-based composites are commonly used for aircraft applications. The material category is also likely to see the highest growth during 2023-2028.

    Application-Type Analysis

    Airframe, Interiors, and Others

    Airframe took the lead in terms of applications and is expected to grow at the highest rate during 2023-2028.

    Fiber-Type Analysis

    Carbon Fiber Composites and Glass Fiber Composites

    Carbon fiber composite is expected to remain the more attractive segment by 2028.

    Consolidation-Type Analysis

    Compression Molding, Injection Molding, AFP/ATL, and Others

    Compression molding grabbed the major share of the market and is anticipated to be the highest-growth segment by 2028.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.

     

    Stratview Research has first segmented the A&D thermoplastic composites market based on the aircraft type into commercial aircraft, general aviation, military aircraft, and others. Commercial aircraft is expected to remain the largest segment of the market over the next five years and is also expected to experience the highest growth during the same period. Within the A380 airframe, thermoplastic composites account for more than 1,000 individual part numbers, representing a mass of more than 5,000 lb/2.27 metric tons or about 7.5% of the aircraft’s total composite­ airframe flyaway weight. Thermoplastic composites are also used to provide localized reinforcement between some of the fuselage frames, in the form of shear webs, on the 787 (about 150 per aircraft). On average, about 8,000 clips are used in an A350XWB aircraft, whereas there are 10,000 to 15,000 such clips and cleats in a B787 aircraft.

    A&D Thermoplastic Composites Market By Aircraft Type

    Based on the resin type, the A&D thermoplastic composites market is segmented into PPS-based composites, PEEK-based composites, PEI-based composites, and other composites. PEEK is estimated to maintain its huge dominance in the market. Key advantages that drive its usage in the A&D industry are weight reduction, excellent strength and chemical resistance at elevated temperatures, and lower brittleness than PPS resin. PEEK is often used with carbon fiber to fabricate clips, cleats, brackets, clamps, and connectors.

    Based on the application type, the market is segmented into interior, airframe, and others. Airframe holds a giant share of the market with a good level of thermoplastic composite penetration in the application segment. Key application areas in the airframe segment are clips, cleats, leading edges, panels for the fuselage, shear webs, stringers, ribs, rudders, and elevators. There is also growing interest in thermoplastic composites in interiors with floor panels, brackets, profiles, and seat backs being key applications.

    A&D Thermoplastic Composites Market Key Applications

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    Based on the fiber type, the market is segmented into carbon fiber composites and glass fiber composites. Carbon fiber composite is estimated to maintain its huge dominance in the market in the foreseen future. Excellent weight reduction, high strength-to-weight ratio, a high tensile and compressive strength, a low coefficient of thermal expansion, and high fatigue resistance are some key advantages that drive the segments’ market. On the other hand, glass fiber composite holds a niche market with good prevalence in interior applications where it meets desired performance.

    Based on the process type, the market is segmented as compression molding, bagging, and injection molding. Compression molding is expected to remain the dominant process type in the market during the forecast period. Compression molding offers faster part cycle time, reduced part waste, and reduced defects, which overall lead to lower cost. By monitoring the temperature during the molding process, quality and process consistency also improve.

    In terms of regions, Europe is expected to remain the largest market over the next five years. Germany, France, and the UK are the leading markets in the region.  Airbus is the major consumer of thermoplastic composites. Major tier players have set up manufacturing plants in high proximity to Airbus’ assembly plants to fulfill their emerging requirements for its next-generation aircraft programs. North America also holds a reasonable share in the A&D thermoplastic composites market. Boeing and Gulfstream Aerospace are the key OEMs, which are creating a healthy demand for thermoplastic composite parts in the region

    Key Players

    The following are the key players in the A&D thermoplastic composites market:

    • GKN Aerospace
    • Premium AEROTEC GmbH
    • Daher
    • Dutch Thermoplastic Composites B.V.
    • Avanco Group

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s A&D thermoplastic composites market realities and future market possibilities for the forecast period. 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 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter 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, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    The A&D thermoplastic composites market is segmented into the following categories. 

    A&D Thermoplastic Composites Market, by Aircraft Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Thermoplastic Composites Market, by Resin Type

    • PPS-based Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PEEK-based Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PEI-based Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Thermoplastic Composites Market, by Application Type

    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Thermoplastic Composites Market, by Fiber Type

    • Glass Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carbon Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Thermoplastic Composites Market, by Consolidation Type

    • Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bagging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Thermoplastic Composites Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, and  Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Latin America, The Middle East, and Others)

    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)

    Europe is estimated to remain dominant in the market in the foreseeable future. Germany, France, and The UK are the leading markets in the region. Airbus is the major consumer of thermoplastic composites.

    GKN Aerospace, Premium AEROTEC GmbH, Daher, Dutch Thermoplastic Composites B.V. (now part of Collins Aerospace), and Avanco Group (XELIS) are the leading players in the A&D thermoplastic composites market.

    The A&D thermoplastic composites market is estimated to grow at a CAGR of 18.6% by 2028, driven by the recovering A&D industry, increasing penetration of composites in modern aircraft programs, and low processing costs coupled with the advantage of recyclability of thermoplastic composites over thermoset composites.

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