Aerospace and Defense Composites Market 2019-2029

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The Global Aerospace and Defense Composites Market Report 2019-2029 is segmented by Region, Platform, and Type. The growth in the value chain for this market has been covered in this report.  The Table of Content would give the readers a perspective of the coverage of the Global Aerospace and Defense Composites Market Report 2019-2029.

Description

The global aerospace and defense composites market was USD 18,411.83 million in 2020 and is projected to reach USD 23,799.45 million by 2026, growing at a CAGR of 4.21%. The aerospace and defense industry is one of the most tightly regulated industries in the world. The materials used in the industry are also subject to high regulatory and performance standards to meet the stringent requirements of their respective applications. Various materials such as composites, aluminum, steel, titanium, and alloys are used in some structural and non-structural parts in this industry. Composites have long been used in the aerospace and defense industries. However, its use in the industry was limited to some applications.

Military aircraft were the first to be composed of aerospace composites. The use of this material helped reduce the structural weight of military aircraft. Boeing announced the Model 787 Dreamliner (wide-body aircraft) in 2011 (entering commercial service). The Boeing 787 was composed of 80% composites by weight. Since then, Boeing has confirmed approximately 1510 orders for this model as of March 2020. Meanwhile, Airbus launched the Airbus A350 XWB, which is made up of 50% composite materials. As of April 2020, the company has recorded approximately 930 orders for the A350 XWB. The use of composites in other aircraft models is expected to increase due to the fuel efficiency benefits promoted by the use of composites.

Rapid fleet expansion amongst airlines is expected to be one of the key drivers for this market. As a result, the number of regional aircraft and the development of secondary airport infrastructure have increased worldwide. The rise in demand for the acquisition of new aircraft in developing nations is expected to support the growth dynamics for this market.

In addition, the fleet of old aircraft in the world also needs to be updated, and aircraft are already beginning to replace old aircraft with new ones. As a result, aircraft manufacturing activity has increased significantly, to meet increasing demand. Material manufacturers have been trying to incorporate a sustainable supply chain for aerospace and defense materials to avoid delays in aircraft delivery. Boeing and Airbus account for more than 60% of the total demand for these materials.

In the aerospace and defense industry, rigid regulations limit the growth of the aerospace and defense materials market. This is predominantly due to the high quality of the end product to be delivered.  Therefore, the barriers to entry within this market are high owing to the niche nature of the products. To avoid trade-based restrictions, OEMs must comply with both international and regional regulations. Therefore, the materials used in this industry must adhere to the provided guidelines.

The market structure for aerospace and defense materials is highly fragmented and regulated. Market participants have developed strong supply chains around the world to production timelines. In general, consumers enter a one-year supply contract with manufacturers and suppliers to avoid bottlenecks and confusion. These evolving market strategies help the industry grow in terms of sales. Arconic, a leading player in the aerospace and defense materials market, signed a multi-year supply agreement with Boeing in 2018.

Table of Contents

Market Definition

 

Market Segmentation

 

– By Type

– By Platform

– By Region

 

10 Year Market Outlook

 

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

 

Market Technologies

 

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

 

Global Market Forecast

 

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

 

Regional Market Trends & Forecast

 

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

 

North America

 

– Drivers, Restraints and Challenges

– PEST

– Market Forecast & Scenario Analysis

– Key Companies

– Supplier Tier Landscape

– Company Benchmarking

 

Europe

Middle East

APAC

South America

 

Country Analysis

 

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

 

US

– Defense Programs

– Latest News

– Patents

– Current levels of technology maturation in this market

– Market Forecast & Scenario Analysis

 

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

 

Opportunity Matrix

 

The opportunity matrix helps the readers understand the high opportunity segments in this market.

 

Expert Opinions

 

Hear from our experts their opinion of the possible outlook for this market.

 

Conclusions

 

About Aviation and Defense Market Reports

Countries Covered

US

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

Regions Covered

North America

South America

Europe

Middle East

Asia

Segments Covered

By Region

By Platform

By Type