PUBLISHER: IMARC | PRODUCT CODE: 1291526
PUBLISHER: IMARC | PRODUCT CODE: 1291526
Aeroengine Composites Market by Component, Composite Type, Application, and Region 2023-2028
Market Overview:
The global aeroengine composites market size reached US$ 2.48 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.21 Billion by 2028, exhibiting a growth rate (CAGR) of 13.30% during 2023-2028. The burgeoning aviation industry, rising air passenger traffic, and technological advancements in aircraft represent some of the key factors driving the market.
Aeroengine composites are less corrosive, lighter-weight, and less susceptible to fatigue failure as compared to traditionally used aluminum. They improve fuel efficiency and the ability to accommodate more cargo, which assists in lowering overall operational costs. They offer a high strength-to-weight ratio that decreases the weight of an aircraft while improving crash safety. They provide enhanced dimensional stability to maintain their shape in hot, cold, wet, or dry weather. At present, there is a rise in the demand for aeroengine composites as they offer high durability, improved chemical resistance, enhanced impact strength, and design flexibility.
Aeroengine Composites Market Trends:
The increasing demand for aeroengine composites to manufacture advanced engines with high precision, production yields, and operational durability and repairability represents one of the key factors supporting the growth of the market. In addition, there is a rise in the demand for aeroengine composite engineering design and manufacturing solution that supports the end-to-end design of load-bearing composite components, assess in-service performance, and develop restoration processes. This, along with the thriving aviation industry across the globe, is strengthening the growth of the market. Besides this, the growing demand for aeroengine composites due to high fuel efficiency, thrust, thermal stability, and performance is positively influencing the market. Moreover, key manufacturers are introducing narrowbody aircraft with 3D woven carbon fiber composite fan blades and fan cases. They are also focusing on utilizing ceramic matrix composites (CMC) to build the turbine shrouds of the engine. Apart from this, governing agencies of several countries are implementing stringent regulations to reduce greenhouse gas emissions and air pollution. They are also undertaking several measures to increase fuel economy, which is propelling the growth of the market. Additionally, there is an increase in the demand for operational engines with higher fuel efficiency and lower operating expenses on account of the growing number of commercial flights across the globe. This, coupled with technological advancements in the aviation industry to enhance weather resistance and control responsiveness of the engine and airframe systems, is bolstering the growth of the market. Other growth-inducing factors are high defense expenditure, rising air passenger traffic, and the growing number of airports worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global aeroengine composites market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on component, composite type, and application.
Component Insights:
- Fan Blades
- Fan Case
- Guide Vanes
- Shrouds
- Others
The report has provided a detailed breakup and analysis of the aeroengine composites market based on the component. This includes fan blades, fan case, guide vanes, shrouds, and others. According to the report, fan blades represented the largest segment.
Composite Type Insights:
- Polymer Matrix Composites
- Ceramic Matrix Composites
- Metal Matrix Composites
A detailed breakup and analysis of the aeroengine composites market based on the composite type has also been provided in the report. This includes polymer matrix composites, ceramic matrix composites, and metal matrix composites. According to the report, polymer matrix composites represented the largest segment.
Application Insights:
- Commercial Aircraft
- Military Aircraft
- General Aviation Aircraft
A detailed breakup and analysis of the aeroengine composites market based on the application has also been provided in the report. This includes commercial aircraft, military aircraft, and general aviation aircraft. According to the report, commercial aircraft represented the largest segment.
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for aeroengine composites. Some of the factors driving the North America aeroengine composites market included rising need for fuel-efficient aircraft, increasing investments in aerospace and defense, and the growing preference for lightweight materials in aircraft manufacturing.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global aeroengine composites market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies include Albany International Corp., GKN Aerospace Services Limited, Hexcel Corporation, Meggitt Plc (Parker Hannifin Corporation), Rolls-Royce Plc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global aeroengine composites market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global aeroengine composites market?
- What is the impact of each driver, restraint, and opportunity on the global aeroengine composites market?
- What are the key regional markets?
- Which countries represent the most attractive aeroengine composites markets?
- What is the breakup of the market based on the component?
- Which is the most attractive component in the aeroengine composites market?
- What is the breakup of the market based on the composite type?
- Which is the most attractive composite type in the aeroengine composites market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the aeroengine composites market?
- What is the competitive structure of the global aeroengine composites market?
- Who are the key players/companies in the global aeroengine composites market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Aeroengine Composites Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Fan Blades
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Fan Case
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Guide Vanes
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Shrouds
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Composite Type
- 7.1 Polymer Matrix Composites
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Ceramic Matrix Composites
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Metal Matrix Composites
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Commercial Aircraft
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Military Aircraft
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 General Aviation Aircraft
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Albany International Corp.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 GKN Aerospace Services Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Hexcel Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Meggitt Plc (Parker Hannifin Corporation)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Rolls-Royce Plc
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.1 Albany International Corp.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Aeroengine Composites Market: Major Drivers and Challenges
- Figure 2: Global: Aeroengine Composites Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Aeroengine Composites Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Aeroengine Composites Market: Breakup by Component (in %), 2022
- Figure 5: Global: Aeroengine Composites Market: Breakup by Composite Type (in %), 2022
- Figure 6: Global: Aeroengine Composites Market: Breakup by Application (in %), 2022
- Figure 7: Global: Aeroengine Composites Market: Breakup by Region (in %), 2022
- Figure 8: Global: Aeroengine Composites (Fan Blades) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Aeroengine Composites (Fan Blades) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Aeroengine Composites (Fan Case) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Aeroengine Composites (Fan Case) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Aeroengine Composites (Guide Vanes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Aeroengine Composites (Guide Vanes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Aeroengine Composites (Shrouds) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Aeroengine Composites (Shrouds) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Aeroengine Composites (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Aeroengine Composites (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Aeroengine Composites (Polymer Matrix Composites) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Aeroengine Composites (Polymer Matrix Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Aeroengine Composites (Ceramic Matrix Composites) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Aeroengine Composites (Ceramic Matrix Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Aeroengine Composites (Metal Matrix Composites) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Aeroengine Composites (Metal Matrix Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Aeroengine Composites (Commercial Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Aeroengine Composites (Commercial Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Aeroengine Composites (Military Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Aeroengine Composites (Military Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Aeroengine Composites (General Aviation Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Aeroengine Composites (General Aviation Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Aeroengine Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Aeroengine Composites Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Aeroengine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Aeroengine Composites Industry: Drivers, Restraints, and Opportunities
- Figure 80: Global: Aeroengine Composites Industry: Value Chain Analysis
- Figure 81: Global: Aeroengine Composites Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Aeroengine Composites Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Aeroengine Composites Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Aeroengine Composites Market Forecast: Breakup by Composite Type (in Million US$), 2023-2028
- Table 4: Global: Aeroengine Composites Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Aeroengine Composites Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Aeroengine Composites Market: Competitive Structure
- Table 7: Global: Aeroengine Composites Market: Key Players
