The global Aeroengine Composites Market was worth US$ xx million in 2019, and it is estimated to reach a valuation of US$ xx million by the end of 2025, expanding at a robust compound annual growth rate.
The design and manufacturing solutions of composite engines for aircraft allow engineers to quickly and safely develop powerful components for aircraft engines. This allows original equipment manufacturers to meet the requirements of schedule, strength, weight, durability, initial performance manufacturing and field repair of the most demanding applications.
Recent Developments
AirAsia announced in June 2019 that it would convert 253 A320-200neo orders into larger A321-200neo aircraft.
GE is working on a fourth-generation composite blade for the GE9X. This new engine will be the largest engine made by GE and is designed exclusively for the Boeing 777X aircraft.
In October 2019, India delivered its first fighter plane in Rafale, and the remaining 35 jets are expected to be delivered in mid-2022. This jet is powered by an M88 engine and has a gondola and nozzle made of the structural compound. Thermal of Safran Ceramics.
Market Growth:
As the need to reduce the total weight of an aircraft and improve its operability in a wide range of operating areas, companies are increasing the use of composite materials in aircraft engines.
Drivers:
As the demand for next-generation Aeroengine Composites increases, aircraft production speeds increase, which leads to higher market revenues. As the need to reduce the total weight of an aircraft and improve its operability in a wide range of operating environments, manufacturers are increasing the use of composite materials in aircraft engines. Innovation in the market is rising, and many players are investing significant amounts in R&D to manufacture aircraft engine components using different types of composite materials. Aero engines are now a small part of the global aircraft composites market, but they are expected to grow at an impressive rate over the next five years.
The higher penetration of modern aviation engines such as LEAP, GEnx, GE9x and Passport 20 is a significant growth engine in the market, along with higher production speeds for the next generation of A350XWB, B787 and F-35 composite-range aircraft. The constant demand for low-fuel engines, the increase in fan diameter for the new variant engines, the introduction of low-fuel variants of the best-selling aircraft with the highest composite content: A320neo and B737 max increase, even more, the growth of composite materials in aviation engines is strengthening.
Market Segmentation:
Based on Aircraft Type:
The global aero-engine composites market is classified as narrow planes, wide planes, regional planes, helicopters and others. Wide-body airplanes will continue to be the engine of market growth during the forecast period. Next-generation aircraft programs The A350XWB and the B787 have increased production rates and the diffusion of compounds in the latest aircraft variants, such as the B777x, is leading the telegraph aircraft sector. The narrow-body segment of aircraft is likely to witness the highest growth rate in the foreseen years with the increasing adoption among low-cost carriers around the world.
Based on Application Type:
The market for aerodynamic engine composites is divided into fan blades, fan boxes, exit guide vanes, decks and others. Fan blades and fan boxes together make up the majority of the global aero-engine composites market and are expected to remain the primary application for the next five years. Next-generation engine models such as GEnx, GE9X, Pratt GTF, LEAP-1A, LEAP-1B and LEAP-1C include fan blades and fan housings made of composite materials for sale. The development of new composite applications for engines by replacing existing metal parts further demonstrates the growth of the market for aero-engine composites. During the last decade, interest in the use of ceramic matrix compounds in various engine applications, such as covers, combustion jackets and nozzles, has increased.
Based on Composite Type:
The global aero-engine composites market is divided into Polymer Matrix Composites (PMC), Ceramic Matrix Composites (CMC) and Metal Matrix Composites (MMC). PMC is supposed to remain the most dominant compound type in the global market in the next five years. PMC is mainly used to develop all significant composite parts of engines, such as fan blades and fan housings. Carbon epoxy compounds are a perennial PMC option that is primarily used in the market. The CMC segment is expected to show the highest growth rate in the global aero-engine composites market in the next five years. Most of this growth is attributable to the significant increase of the LEAP engine, which has integrated several components of the CMC.
Regional Analysis:
In terms of geography, Asia Pacific aero-engines composites market is now the fastest-growing market in the world. The high growth rate in this region is due to the increasing purchase of engines that use these compounds. In the commercial sector, more than a third of the two aerospace giants that combine Airbus and Boeing will be available to customers in the Asia Pacific.
North America aero-engines composites market is foreseen to maintain its largest share during the forecast period due to the presence of the world's largest aircraft manufacturer, Boeing. The United States is expected to remain a growth engine for this local market during the forecast period, driven by the presence of major engine manufacturers, such as GE Aviation, CFM International and Pratt & Whitney.
Leading Company:
Rolls-Royce and Pratt & Whitney are expected to increase the use of compounds in engine models in the coming years. Over the years, engine manufacturers have developed significant internal compound manufacturing capabilities.
Key Players:
Key players in the Aeroengine Composites Market include Albany, Safran Aerospace Composites, CFAN, Meggitt PLC, GKN Aerospace (Melrose Industries), GE Aviation, FACC AG and Triumph Group Inc.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aeroengine Composites Market, By Aircraft Type
6.1.1 Narrow-Body Aircraft
6.1.2 Wide-Body Aircraft
6.1.3 Regional Aircraft
6.1.4 Military Aircraft
6.1.5 Helicopter
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Aeroengine Composites Market, By Composite Type
6.2.1 Polymer Matrix Composites
6.2.2 Ceramic Matrix Composites
6.2.3 Metal Matrix Composites
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Aeroengine Composites Market, By Application
6.3.1 Fan Blades
6.3.2 Fan Cases
6.3.3 Outlet Guide Vanes
6.3.4 Shrouds
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Aircraft Type
7.2.3 By Composite Type
7.2.4 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Aircraft Type
7.3.3 By Composite Type
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Aircraft Type
7.4.3 By Composite Type
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Aircraft Type
7.5.3 By Composite Type
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Aircraft Type
7.6.3 By Composite Type
7.6.4 By Application
8. Key Player Analysis
8.1 Safran Aerospace Composites
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Albany
8.3 CFAN
8.4 Meggitt PLC
8.5 GKN Aerospace
8.6 GE Aviation
8.7 FACC AG
8.8 Triumph Group Inc
8.9 Rolls-Royce
8.10 Pratt & Whitney
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
