Aerospace Composites Market Trend Evaluation with covid-19 impact

Aerospace Composites Market Trend Evaluation with covid-19 impact

September 01, 2020

This new report from Stratview Research analyses the Aerospace Composites Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Aerospace Composites Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aerospace Composites Market is no different. Derived from the previous market scenario, the Aerospace Composites Market is likely to witness an impressive CAGR of 8.5% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

  • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Get access to a deeper coverage of the impact of COVID-19 on this Market here:

Market Share Analysis

Aerospace Composites Market Share: By Fiber Type

Based on the fiber type, the market is segmented as carbon fiber, ceramic fiber, glass fiber, and others. The carbon fiber segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The increasing demand for carbon fiber in the aerospace & defense industry is driving the growth of this segment. Carbon fiber possesses various properties such as high inherent strength, lightweight, weather-resistance, and offers a variety in surface textures.

Aerospace Composites Market Share: By Aircraft Type

Based on the aircraft type, the aerospace composites market is segmented as commercial aircraft, business and general aviation, civil helicopters, military aircraft, and others. The commercial aircraft segment dominates the market, as the latest aircraft program, A350XWB, uses a significantly larger amount of aerospace composite material, compared to older aircraft programs, which use only 2-5% of the material. Further, various factors such as high corrosion-resistance, low-maintenance cost, and lightweight are fueling the growth of the segment during the forecast period.

Click below to run through the detailed ToC of the report:

Aerospace Composites Market Share: By Region

In terms of regions, North America is estimated to be the largest as well as the fastest-growing aerospace composites market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing usage of composite material in the commercial and military aircraft. Further, the presence of a large number of aircraft manufacturers and mass production of aerospace parts using aerospace composites are bolstering the growth of the market in the North American region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry:

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. 

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Stratview Research
Direct: +1-313-307-4176

Author : Emily


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