AFP/ATL Machines Market to Witness Steady Growth through 2026
March 22, 2022
Mar 22, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Afp/Atl Machines Market.
It was estimated prior to this unanticipated outbreak that the Afp/Atl Machines Market is likely to commence rebounding from 2021 onwards, followed by maintaining sequential growth till 2026, ultimately reaching to the value of US$ 0.44 billion by 2026. The disruptive journey of composites in various industries has not been hidden from the world, especially in the aerospace, automotive, wind energy, and marine industries. Among all, aerospace is one industry that has witnessed excellent penetration of advanced composites in the crucial sections including fuselage and wings in the next-generation aircraft: B787 and A350XWB. Today, all the major airframers are not developing their next-generation aircraft without considering the use of composites.
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However, the road to success for composites in the aircraft industry was not that easy as it seemed; prepregs are the most suitable material for fabricating composite parts that are laid layers on layers manually, generally at a rate of 2.5 lbs. per hour. It was impossible to fabricate a large number of composite parts with such a low layup rate. In order to meet this challenge, a close collaboration between aircraft OEMs and tier players with composite industry stakeholders was required to develop advanced processes that are fully automated and have an extremely higher layup rate with increased part performance. This factor has led to the successful development of AFP/ATL machines for fabricating aircraft structural parts including fuselage and wings.
These AFP/ATL machines is highly concentrated around the aerospace industry with the development of several crucial composite parts of the latest aircraft such as B787 and A350XWB. Although, AFP/ATL machines do find applications in other industries the dominance of the aerospace industry is expected to continue over the next five years as well. The expected introduction of fuel-efficient variants of B777 aircraft (B777X) and other key aircraft programs, such as C919 and Irkut MC-21, is likely to generate a healthy demand for AFP/ATL machines in the aerospace industry.
The year 2018 was the iconic year for the AFP/ATL machine suppliers with the highest number of AFP/ATL machines sold worldwide, a landmark figure that the industry has never touched before. However, the market players recorded a massive plunge in 2019. The key factor behind this massive decline was the grounding of B737Max, which forced Boeing and related tier players to seize their investment plans for AFP/ATL machines for the program as well as for other programs.
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Segment Analysis
Based on the machine type, the AFP/ATL machines market is segmented as AFP machine, ATL machine, and hybrid AFP/ATL machine. Despite the enduring massive decline in 2020, AFP machine is expected to remain dominant till 2026, owing to the increasing development of low-cost AFP machines and increasing acceptance of these machines in a wide array of industries including automotive and space.
Based on the end-user type, the market is segmented as Tier Players, OEMs, and Others. Tier players and OEMs are likely to remain the major procurers of these machines in the coming years. Others mainly include universities and research centers, which generally procure AFP/ATL machines for the research and development purpose to find an innovative solution for various industries.
Regional Insights
Even though North America and Europe have registered massive declines in 2020, both regions are expected to remain the key demand generators of the market till 2026. The USA is the growth engine of North America’s market with the presence of all major aircraft OEMs, tier players, and major AFP/ATL machine suppliers. As per the recent estimate of IATA, the global air passenger market has suffered huge losses with a -65.9% decline in word RPKs in 2020, with Europe, Middle East, and North America enduring massive losses. Asia-Pacific is likely to witness the fastest recovery during the forecast period, driven by a host of factors including increasing demand for commercial aircraft to support the expected rise in passenger traffic and upcoming indigenous aircraft (COMAC C919 and CR929).
Key Players:
Key players operating in the global Afp/Atl Machines market are-
- M.Torres Diseños Industriales S.A.U
- Electroimpact Inc.
- Coriolis Composites technologies SAS
- Ingersoll Machine Tools Inc.
- Fives
- Accudyne System, Inc.
- Airborne
- Automated Dynamics
- Mikrosam AD.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Afp/Atl Machines analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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