MARKET OVERVIEW
Composite materials have a well-deserved reputation in the aerospace sector, thanks to a five-decade track record. Because composites have such remarkable qualities compared to other materials, GE Aviation, Safran Aircraft Engines, Pratt & Whitney, and Rolls-Royce began investing heavily in the material in the key portion of an aeroengine. Aeroengines account for a tiny portion of the overall aviation composites industry, but they are predicted to increase at a rapid pace over the next five years. The key growth driver of the market is rising composite penetration in the newest aeroengines, such as LEAP, GEnx, GE9x, and passport 20, as well as increasing production rates of the next-generation composite-rich aircraft, such as the A350XWB, B787, and F-35. The constant demand for fuel-efficient engines, increasing fan diameters of newer variants engines, and the introduction of fuel-efficient variants of the best-selling aircraft with a higher composites content: A320neo and B737 max, are all contributing to composites' growth in the aerospace industry.
MARKET SCOPE
The "Global Aeroengine Composites Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military marine vessel engines market with detailed market segmentation by aircraft type, composite type, application and geography. The report provides key statistics on the market status of the leading Aeroengine Composites Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, general aviation aircraft, helicopter and military aircraft.
- On the basis of application, the market is segmented as fan blades, fan case, outlet guide vanes, shrouds and others.
- On the basis of composite type, the market is segmented as Polymer Matrix Composites (PMC), Ceramic Matrix Composites (CMC) and Metal Matrix Composites (MMC)
MARKET DYNAMICS
Drivers:
- Weight Loss Owing To Fiber-Reinforced Matrix Technologies Leads To Increased Performance.
- Passenger Traffic Is Increasing, And New Emission Limits Are Being Implemented.
Restraints:
- High Initial Cost Of Composite Materials
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aeroengine Composites Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aeroengine Composites Market in these regions
IMPACT OF COVID-19 ON AEROENGINE COMPOSITES MARKET
Workers return home, passengers cease travelling, and customers postpone delivery of new aircraft, causing disruption in manufacturing and decreasing demand in commercial aviation. Spare component demand is also decreased as a result of the reduced need for maintenance. Aircraft manufacturers are capital intensive by nature, which raises cash flow and liquidity difficulties in the near term. Contractors are better positioned on the defensive side, as COVID-19 will not have an immediate or mid-term impact on them. While production may stall for the same reasons as aircraft manufacture does, demand is unlikely to be reduced in the next two years since funding for these projects were set before the epidemic and the programmes are vital to national security.
MARKET PLAYERS
The report covers key developments in the Aeroengine Composites Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aeroengine Composites Market are anticipated to lucrative growth opportunities in the future with the rising demand for Aeroengine Composites in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aeroengine Composites Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Albany International Corp
- FACC AG
- GE
- GKN Aerospace (Melrose Industries)
- Godrej Group
- Hexcel Corporation
- Meggitt PLC.
- Solvay
- Triumph Group Inc.
- ZOLTEK Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.