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The aerospace composite market size is forecast to increase by USD 17.41 billion, at a CAGR of 9.5% between 2023 and 2028. Market growth analysis is driven by factors like the rising demand for aircraft weight reduction and fuel efficiency, advancements in fuel-efficient aircraft utilizing composite materials, and the long-term prospects provided by composite materials in aerospace manufacturing. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
North American countries, such as the US and Canada, have a high adoption rate of composite materials due to the focus on lightweight, high-strength composite materials for the construction of aircraft. Major users in the regional composite materials in the aerospace market include the US-based aerospace giants, such as Boeing and Lockheed Martin. Additionally, Albany International Corp. company offers aerospace composite products such as Composite cans and tubes, Fan blade platforms, Fan blades, Fan cases, Fuselage frames, Waste tanks, Airstrut, and Hydraulic pressure accumulators. Also, Bally Ribbon Mills company offers aerospace composite such as 3 D Woven Thermal Protection Systems, 3 D Woven Joints, and High-Performance Tapes and Webbing.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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