Aerospace Composites Market Worth $41.4 Billion by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

Exterior application accounted for the largest share in the global aerospace composites market in terms of value and volume.

Exterior structures of aircraft built with composite materials include landing gears, leading and trailing edges, engine nacelles, undercarriage, fuselage, and wings. Nowadays, composites materials such as carbon fiber composites are used in engine components and engine blades. The reduced demand for new commercial and business aircraft from the aviation industry due to the COVID-19 slowdown has resulted in a decline in the need for composites materials for exterior application.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=246663558

Commercial aircraft to account for the largest revenue share of the global aerospace composites market during the forecast period.

Aerospace composites are extensively used materials in interior and exterior applications of aircraft. The low weight, combined with high tensile strength of composite materials, increases the fuel efficiency, reduces maintenance costs, and allows OEMs to comply with the stringent environment regulations stipulated in Europe and North America. New aviation programs of major players, such as Boeing for top commercial aircraft, such as 787, 777X, and A350XWB, are using a significant amount of carbon fiber composites (about 50% of structural weight) for their airframe structures. A large number of commercial airplane deliveries in the single-aisle, widebody, twin-aisle, and regional jet segments are expected to increase the demand for carbon fiber composites during the forecast period.

The COVID-19 pandemic has impacted air travel as most of the airlines grounded their flights in the first quarter of 2020 and reduced flights. There are travel restrictions imposed by many countries. These factors have reduced new airplane demand as many airlines have postponed new aircraft delivery due to liquidity crunch. The reduced demand for new aircraft in 2020 is expected to reduce composite consumption in aerospace applications.

AFP/ATL is expected to account for the largest share in the aerospace composites market during the forecast period.

The ATL/ AFP processes use computer-guided robotics to lay one or more layers of carbon fiber tape onto a mold to create a part or structure. AFP/ATL machines help in increasing the production rate and precision in the manufacturing of aerospace composites and composite parts. AFP is a hybrid process between filament winding and tape laying, and hence, it combines the benefits of both the processes. This process is less time-consuming and leaves out very less scrap of raw materials, as compared with manual processes.