Quick Summary:
In an increasingly globalized and competitive environment, the aero-engine composites industry continues to evolve at a rapid pace. Understanding this evolution is crucial for those looking to seize opportunities and drive success in this market. Offering a succinct yet comprehensive insight, our latest market research report on aero-engine composites will empower you to make informed decisions and strategize effectively.
Key features of our aero-engine composites market research include critical data on industry size, competitor market share, and intricate insights into market trends and emerging opportunities. This report also provides insights into technological advancements that are currently reshaping the industry landscape, vital to positioning your business for sustained growth. The report covers all essential aspects from the various types of aeroengine composites, their applications, key players in the market, and more, providing a full-view perspective of the industry.
Investing in this aero-engine composites market report can be a transformative business move, illuminating the path towards more strategic decisions and ultimately, success in this rapidly evolving industry.
The aero-engine composites refer to materials made up of two or more constituent parts used in the manufacture of various aerospace engines. Aeroengine composites help in reducing the overall weight of the aircraft and increase fuel efficiency. They offer high strength, thermal stability, and impact resistance. The aero-engine composites are easy to assemble and are resistant to fatigue or corrosion.
The main types of aeroengine composites includes polymer matrix composites, ceramic matrix composites, and metal matrix composites. The polymer matrix composites include various types of organic polymers that form the continuous phase with reinforced fibers. The continuous phase matrix serves as a platform for distributing the fibers evenly across the structure. The components manufactured through composites includes fan blades, fan case, guide vanes, shrouds, and other components. The applications of aeroengine composites includes commercial aircraft, military aircraft and general aviation aircraft.
The global aeroengine composites market grew from $1.81 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aeroengine composites market is expected to grow to $3.23 billion in 2027 at a CAGR of 12.6%.
The aero-engine composites market research report is one of a series of new reports that provides aero-engine composites market statistics, including aero-engine composites industry global market size, regional shares, competitors with a aero-engine composites market share, detailed aero-engine composites market segments, market trends and opportunities, and any further data you may need to thrive in the aero-engine composites industry. This aero-engine composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Technological advancement is a key trend gaining popularity in the aero-engine composites market. The aero-engine composites manufacturers are increasingly focusing on adopting advanced technologies to manufacture the aero-engine composites that enable high fuel efficiency in the engines and reduce CO2 emissions. For instance, in June 2021, GE Aviation, a US-based manufacturer of aircraft engines, and Safran S.A., a France-based manufacturer of aircraft engines, launched a bold technology development program that aims at increasing the fuel efficiency by more than 20% compared to today’s engines. The CFM RISE (Revolutionary Innovation for Sustainable Engines) program focuses on delivering new and disruptive technologies for the future engines that are expected to enter service by the mid-2030s. Though there is no specific mention of composites has been made, the comprehensive technology roadmap includes composite fan blades, heat-resistant metal alloys, and ceramic matrix composites (CMC), which suggests that composites will be critical to the engines that are developed.
In September 2022, Parker-Hannifin, a US-based manufacturer of motion and control technologies, acquired Meggitt PLC for approximately $7.4 billion (£6.3 billion). The acquisition complements the company’s portfolio and provide extended geographic footprint to the company. Meggitt is a UK-based composites manufacturer.
North America was the largest region in the aeroengine composites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aeroengine composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the aeroengine composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The constant demand for low-fuel engines is expected to propel the growth of the aero-engine composites market. The aircraft engines with low fuel consumption will not only reduce carbon dioxide emissions but also reduce the operational costs of airline companies. The growing demand for oil across the globe and dwindling reserves are responsible for the increase in oil prices which triggers the need for fuel-efficient engines. Using less fuel through improved fuel efficiency helps in saving a considerable amount of money for the airlines. The use of aero-engine composites will reduce the overall weight of the aircraft and improve its fuel efficiency. For instance, The International Air Transport Association (IATA), a trade association that supports the aviation industry across the globe for airline security, safety, sustainability, and efficiency, adopted a set of ambitious targets to reduce 50% carbon dioxide emissions in net aviation by 2050. Therefore, the demand for low-fuel engines is driving the growth of the aero-engine composites market.
The aero-engine composites market consists of sales of spinners, vanes, ducts, stators, blade spacers, liners and exhaust flaps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the aeroengine composites market are Solvay SA, Meggitt PLC, Hexcel Corporation, Albany Engineered Composites Inc., FACC AG, General Dynamics Corporation, E.I. DuPont de Nemours, LMI Aerospace, BASF SE, Pratt & Whitney, Godrej Group, Triumph Group Inc., and ZOLTEK Corporation.
This product will be delivered within 1-3 business days.
The main types of aeroengine composites includes polymer matrix composites, ceramic matrix composites, and metal matrix composites. The polymer matrix composites include various types of organic polymers that form the continuous phase with reinforced fibers. The continuous phase matrix serves as a platform for distributing the fibers evenly across the structure. The components manufactured through composites includes fan blades, fan case, guide vanes, shrouds, and other components. The applications of aeroengine composites includes commercial aircraft, military aircraft and general aviation aircraft.
The global aeroengine composites market grew from $1.81 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aeroengine composites market is expected to grow to $3.23 billion in 2027 at a CAGR of 12.6%.
The aero-engine composites market research report is one of a series of new reports that provides aero-engine composites market statistics, including aero-engine composites industry global market size, regional shares, competitors with a aero-engine composites market share, detailed aero-engine composites market segments, market trends and opportunities, and any further data you may need to thrive in the aero-engine composites industry. This aero-engine composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Technological advancement is a key trend gaining popularity in the aero-engine composites market. The aero-engine composites manufacturers are increasingly focusing on adopting advanced technologies to manufacture the aero-engine composites that enable high fuel efficiency in the engines and reduce CO2 emissions. For instance, in June 2021, GE Aviation, a US-based manufacturer of aircraft engines, and Safran S.A., a France-based manufacturer of aircraft engines, launched a bold technology development program that aims at increasing the fuel efficiency by more than 20% compared to today’s engines. The CFM RISE (Revolutionary Innovation for Sustainable Engines) program focuses on delivering new and disruptive technologies for the future engines that are expected to enter service by the mid-2030s. Though there is no specific mention of composites has been made, the comprehensive technology roadmap includes composite fan blades, heat-resistant metal alloys, and ceramic matrix composites (CMC), which suggests that composites will be critical to the engines that are developed.
In September 2022, Parker-Hannifin, a US-based manufacturer of motion and control technologies, acquired Meggitt PLC for approximately $7.4 billion (£6.3 billion). The acquisition complements the company’s portfolio and provide extended geographic footprint to the company. Meggitt is a UK-based composites manufacturer.
North America was the largest region in the aeroengine composites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aeroengine composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the aeroengine composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The constant demand for low-fuel engines is expected to propel the growth of the aero-engine composites market. The aircraft engines with low fuel consumption will not only reduce carbon dioxide emissions but also reduce the operational costs of airline companies. The growing demand for oil across the globe and dwindling reserves are responsible for the increase in oil prices which triggers the need for fuel-efficient engines. Using less fuel through improved fuel efficiency helps in saving a considerable amount of money for the airlines. The use of aero-engine composites will reduce the overall weight of the aircraft and improve its fuel efficiency. For instance, The International Air Transport Association (IATA), a trade association that supports the aviation industry across the globe for airline security, safety, sustainability, and efficiency, adopted a set of ambitious targets to reduce 50% carbon dioxide emissions in net aviation by 2050. Therefore, the demand for low-fuel engines is driving the growth of the aero-engine composites market.
The aero-engine composites market consists of sales of spinners, vanes, ducts, stators, blade spacers, liners and exhaust flaps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the aeroengine composites market are Solvay SA, Meggitt PLC, Hexcel Corporation, Albany Engineered Composites Inc., FACC AG, General Dynamics Corporation, E.I. DuPont de Nemours, LMI Aerospace, BASF SE, Pratt & Whitney, Godrej Group, Triumph Group Inc., and ZOLTEK Corporation.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Aeroengine Composites Market
What is the estimated value of the Global Aeroengine Composites Market?
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Who are the key companies in the Global Aeroengine Composites Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 2.01 billion |
| Forecasted Market Value ( USD | $ 3.23 billion |
| Compound Annual Growth Rate | 12.6% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Aeroengine Composites Market Characteristics
3. Aeroengine Composites Market Trends And Strategies
4. Aeroengine Composites Market - Macro Economic Scenario
4.1. COVID-19 Impact On Aeroengine Composites Market
4.2. Ukraine-Russia War Impact On Aeroengine Composites Market
4.3. Impact Of High Inflation On Aeroengine Composites Market
5. Aeroengine Composites Market Size And Growth
5.1. Global Aeroengine Composites Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aeroengine Composites Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Aeroengine Composites Market Segmentation
6.1. Global Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Polymer Matrix Composites
- Ceramic Matrix Composites
- Metal Matrix Composites
- Fan Blades
- Fan Case
- Guide Vanes
- Shrouds
- Other Components
- Commercial Aircraft
- Military Aircraft
- General Aviation Aircraft
7.1. Global Aeroengine Composites Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Aeroengine Composites Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Aeroengine Composites Market
8.1. Asia-Pacific Aeroengine Composites Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Aeroengine Composites Market
9.1. China Aeroengine Composites Market Overview
9.2. China Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Aeroengine Composites Market
10.1. India Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Aeroengine Composites Market
11.1. Japan Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Aeroengine Composites Market
12.1. Australia Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Aeroengine Composites Market
13.1. Indonesia Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Aeroengine Composites Market
14.1. South Korea Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Aeroengine Composites Market
15.1. Western Europe Aeroengine Composites Market Overview
15.2. Western Europe Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Aeroengine Composites Market
16.1. UK Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Aeroengine Composites Market
17.1. Germany Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Aeroengine Composites Market
18.1. France Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Aeroengine Composites Market
19.1. Eastern Europe Aeroengine Composites Market Overview
19.2. Eastern Europe Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Aeroengine Composites Market
20.1. Russia Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Aeroengine Composites Market
21.1. North America Aeroengine Composites Market Overview
21.2. North America Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Aeroengine Composites Market
22.1. USA Aeroengine Composites Market Overview
22.2. USA Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Aeroengine Composites Market
23.1. South America Aeroengine Composites Market Overview
23.2. South America Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Aeroengine Composites Market
24.1. Brazil Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Aeroengine Composites Market
25.1. Middle East Aeroengine Composites Market Overview
25.2. Middle East Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Aeroengine Composites Market
26.1. Africa Aeroengine Composites Market Overview
26.2. Africa Aeroengine Composites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Aeroengine Composites Market, Segmentation Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Aeroengine Composites Market Competitive Landscape And Company Profiles
27.1. Aeroengine Composites Market Competitive Landscape
27.2. Aeroengine Composites Market Company Profiles
27.2.1. Solvay SA
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Meggitt PLC
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Hexcel Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Albany Engineered Composites Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. FACC AG
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Aeroengine Composites Market
29. Aeroengine Composites Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Aeroengine Composites Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aeroengine composites market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for aeroengine composites? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aeroengine composites market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Polymer Matrix Composites; Ceramic Matrix Composites; Metal Matrix Composites2) By Component: Fan Blades; Fan Case; Guide Vanes; Shrouds; Other Components
3) By Application: Commercial Aircraft; Military Aircraft; General Aviation Aircraft
Companies Mentioned: Solvay SA; Meggitt PLC; Hexcel Corporation; Albany Engineered Composites Inc; FACC AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Solvay SA
- Meggitt PLC
- Hexcel Corporation
- Albany Engineered Composites Inc
- FACC AG
Methodology
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