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    Composites Market In The Commercial Aircraft | Covid-19 Impact Analysis

    Composites Market In The Commercial Aircraft | Covid-19 Impact Analysis

    Composites Market In The Commercial Aircraft | Covid-19 Impact Analysis
    Report code - SRAM108 Delivery - 2 Weeks
    Composites Market in the Commercial Aircraft Engines Industry: Size, Share, Trend, Forecas See more...
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    Impact of COVID-19 on Composites Market In The Commercial Aircraft

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Composites Market In The Commercial Aircraft

    Covid-19 has impacted the market dynamics, competition, and global supply chains. 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.

    Composites Market in the Commercial Aircraft Engines Industry: Insights

    Composites offer many advantages over metals, such as lightweight, superior strength, higher durability, and ability to withstand extreme temperature. The history of composites in the aerospace and defense industry is over five decades old when major applications were limited to control surfaces only.

    As global airline industry started evolving, the competition among players and the concern regarding saving the environment began rising. To remain competitive in the market, airline companies started demanding those aircraft that offer higher fuel efficiency, lower carbon emission, lower noise, lower maintenance cost, and higher passenger safety.

    The composites’ excellent performance over the decades compelled OEMs to leverage its potential to address the airline’s demands. Major OEMs started incorporating high amount of composites (upto 50%) in most of the major structural applications like fuselage and wings in next generation aircraft. For instance, Boeing incorporated composites up to 50% of the total structural weight of the aircraft in its next generation aircraft, B787. Composites rich aircraft B787 provides 20% more fuel efficiency, 20% reduction in carbon emission, 30% reduction in maintenance cost and 5% reduction in noise than similar sized aircraft which has high metal content.

    Aerospace engine OEMs are moving in tandem with the aircraft OEMs and are continuously looking for advanced materials for making engines lighter, durable, and have high fatigue performance. They started innovating by replacing traditional materials with composites in many applications. In the last 10 years, the industry noticed many new composite applications in the engine, such as fan blades and fan case.

    The composite materials market in commercial aerospace engine industry offers a healthy growth opportunity and is likely to grow at a healthy CAGR during the forecast period of 2020 to 2025. Robust growth in commercial aircraft deliveries and increasing composites penetration in the aircraft engine and nacelles, mainly in fan blade, fan case, thrust reverser, and cowl are the key growth drivers of the composite materials in the global commercial aerospace engine market.

     

    Composites Market in the Commercial Aircraft Engines Industry Share Analysis

    Narrow body aircraft is expected to remain growth driver of the composite materials in the commercial aerospace engine market during the forecast period. Carbon composites are likely to experience the fastest growth in the next five years.

    Regional Insights

    North America is expected to remain the largest market for composite materials in commercial aerospace engine being the manufacturing base of major engine OEMs and commercial aircraft OEMs.

    Key Players

    The supply chain of this market comprises raw material manufacturers, composites component manufacturers, engine OEMs, Aircraft OEMs, and Airlines. The key aerospace engine OEMs are CFM, GE Aviation Engines, Rolls Royce, Pratt & Whitney, and IAE. Commercial Aircraft OEMs are Boeing, Airbus, COMAC, and Irkut.

    The composite products are produced by independent manufacturers as well as engine OEMs. Many engine manufacturers have in-house composites manufacturing capacity, such as GE Aircraft Engines, which has facilities in the US. The key composite part manufactures in commercial aerospace engine market are Albany Engineered Composites, FACC AG, Aircelle, and GKN Aerospace. New product development, regional expansion, and long term contacts are the key strategies adopted by key players to gain 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.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

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

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

    The market is segmented in the following ways:

    Composites Market in the Commercial Aircraft Engines Industry Size, Share & Forecast by Aircraft Type:

    • Narrow Body Aircraft
    • Wide Body Aircraft
    • Very Large Aircraft

    Composites Market in the Commercial Aircraft Engines Industry Size, Share & Forecast by Engine OEM Type:

    • CFM (JV of GE and SNECMA)
    • GE Aviation
    • Pratt & Whitney
    • Rolls Royce
    • IAE (International Aero Engines)
    • Engine Alliance
    • Others

    Composites Market in the Commercial Aircraft Engines Industry Size, Share & Forecast by Fiber Type:

    • Glass Fiber Composites
    • Carbon Fiber Composites
    • Aramid Fiber Composites

    Composites Market in the Commercial Aircraft Engines Industry Size, Share & Forecast by Process Type:

    • Prepreg layup
    • Resin Transfer Molding (RTM)
    • Others

    Composites Market in the Commercial Aircraft Engines Industry Size, Share & Forecast by Region:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

     

    Report Features

    This report, from Stratview Research, studies the composites opportunity in the global commercial aerospace engine market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present 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 (upto 3)
      • SWOT analysis of key players (upto 3)
    • Value Chain Analysis
      • Provide market size of one node top and bottom chain for year 2016
    • Regional Segmentation
      • Current market segmentation of any one of the regions by fiber type

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at [email protected].


    Frequently Asked Questions (FAQs)

    Who are the key players in the Composite Market in the Commercial Aircraft Engines Industry?

    Albany Engineered Composites, FACC AG, Aircelle, and GKN Aerospace are among the key players in the market.

    Which country/region is expected to be the largest Market?

    North America is expected to remain the largest Composites Market in the Commercial Aircraft Engines Industry during the forecast period of 2020-25.

    Which type of aircraft is expected to be the growth driver of the market?

    Narrow body aircraft is expected to remain growth driver of the composite materials in the commercial aerospace engine market during the next five years.

    Which type of material is expected to witness the fastest growth?

    Carbon composites are likely to experience the fastest growth in the next five years.

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