Stratview Research announces the launch of a new market research report on AFP/ATL Machines Market by Machine Type (AFP, ATL, and Hybrid AFP/ATL), by End-User Type (Tier Players, OEMs, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
This market report, from Stratview Research, studies the AFP/ATL machines market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The research 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.
AFP/ATL Machines Market: Highlights
Among industries with brilliant composites penetration, aerospace is one such industry that witnessed excellent penetration of advanced composites in the crucial sections including fuselage and wings in next-generation aircraft such as B787 and A350XWB. Prepregs are the most felicitous material for fabricating composite parts that are laid layers on layers manually, generally at a rate of 2.5 lbs. per hour. It was impossible to fabricate large number of composite parts with such a low layup rate. This challenge led to the development of Automated Fiber Placement (AFP) and Automated Tape Layup (ATL) machines for fabricating aircraft structural parts including fuselage and wings at a greater speed. AFP/ATL machine suppliers are continuously advancing the AFP/ATL processes, especially targeting increase in the layup rate and reduction in wastage.
As per an indepth study conducted by Stratview Research, the global AFP/ATL machines market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 294.7 million in 2024. The growth of AFP/ATL machines is governed by vast factors among which a wide array of benefits offered by these machines over the traditional hand layup process coupled with organic growth of the aerospace industry are the prime growth drivers. AFP/ATL machines lay prepreg material efficiently at a rate of more than 50 lbs. per hour with improved part quality, which is not possible with the traditional hand layup process. A skilled technician can generally lay prepreg at 2.5 lbs. per hour. These machines are playing a pivotal role in achieving OEMs’ focus on the development of lightweight composite parts with reduced cycle time.
The research’s findings suggest that AFP machine is expected to remain the most dominant machine type in the market over the next five years, owing to the development of low-cost AFP machines and their increasing acceptance in a wide array of industries including automotive and spatial.
Based on the end-user type, tier players and OEMs are likely to remain the major procurers of these machines in coming eons. Others mainly include universities and research centers, who generally procure AFP/ATL machines for the research and developments purpose to find an innovative solution for various industries.
In terms of regions, North America is expected to remain the largest market for AFP/ATL machines during the forecast period. The USA is the growth engine of the region’s market with the presence of all major aircraft OEMs, tier players, and major AFP/ATL machine suppliers. Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ).
Some of the key players in the global AFP/ATL machines market are M.Torres Diseños Industriales S.A.U, Electroimpact Inc., Coriolis Composites Technologies SAS, Ingersoll Machine Tools Inc., Fives, Accudyne System, Inc., Automated Dynamics, and Mikrosam AD. Development of low-cost robotic AFP machines, close engagement with OEMs for the development of custom machines addressing specific requirements of clients, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
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 on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global AFP/ATL machines market and has segmented the market in three ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the three ways in which the market is segmented:
AFP/ATL Machines Market by Machine Type:
AFP/ATL Machines Market, By End-User Type
AFP/ATL Machines Market, By Region
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
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