Content area
Full text
AIRLINE INDUSTRY INFORMATION-(C)1997-2024 M2 COMMUNICATIONS
The report Aerospace Composites Market is estimated at USD 29.1bn in 2024 and is projected to reach USD 52.1 bn by 2029, at a CAGR of 12.3% from 2024 to 2029, according to a new report from management consulting firm MarketsandMarkets.
The growth of the aerospace composites market is propelled by a range of factors, including the pursuit of fuel efficiency through reduced aircraft weight, enhanced performance via superior strength-to-weight ratios, and decreased maintenance needs due to resistance to environmental degradation.
Regulatory pressures for lower emissions and advancements in material science and manufacturing technology further drive the adoption of composites.
The flexibility in design that composites offer facilitates aerodynamically superior aircraft structures, catering to rising global air traffic and robust military demands.
Additionally, the industry's shift towards sustainability, seeking materials that not only perform efficiently but also have a reduced environmental impact throughout their lifecycle, significantly influences the expansion of composite applications in aerospace.
The aerospace composites market is segmented based on the fiber types into glass fiber, carbon fiber, ceramic fiber and others.
Glass fiber composites is significant segment of the aerospace composites market, with a growing demand due to their superior physical properties and higher stiffness-to-density ratio.
Glass fiber composites are used in a variety of aerospace applications, including commercial and military aircraft, rotorcraft. cost-effectiveness, desirable...