Ceramic Matrix Composites Market in Aircraft Engines to offer a healthy CAGR during 2019-24

Ceramic Matrix Composites Market in Aircraft Engines to offer a healthy CAGR during 2019-24

February 19, 2020

Ceramic Matrix Composites Market in Aircraft Engines Overview:

Ceramic Matrix Composites Market is one of the fastest-growing markets in the aviation industry, and is projected to witness an impressive double-digit growth rate over the next five years, driven by the development of CMC applications in the best-selling aircraft or their variants owing to the intrinsic advantages of CMCs such as temperatures resistance up to 260°C higher than nickel alloys at just one-third weight. There would be a continuous replacement of nickel alloys with CMCs in both the low-pressure and high-pressure engine zones during the forecast period. Furthermore, increasing aircraft deliveries and demand for fuel-efficient aircraft would further propel the demand for CMCs in aircraft engines.

Report Overview:

This new report from Stratview Research analyses the Ceramic Matrix Composites Market in Aircraft Engines over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

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 a free sample of the report here:

https://www.stratviewresearch.com/Request-Sample/268/ceramic-matrix-composites-market-in-aircraft-engines.html

Ceramic Matrix Composites Market in Aircraft Engines Segment Insights:

Aircraft Type: Commercial Aircraft, Business Jet and others

The global ceramic matrix composites market in aircraft engines is segmented based on aircraft type as Commercial Aircraft, Business Jet, Military Aircraft, and Helicopter. Commercial aircraft is forecasted to remain the largest segment of the CMCs market in aircraft engines over the next five years. Development of CMC parts in the variants of the best-selling aircraft programs such as B737 Max and A320neo, is the key growth driver of the market. Additionally, upcoming variant B777x with five CMC applications in its GE9X engine is likely to further elevate the demand for CMC parts in this segment.

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

https://www.stratviewresearch.com/toc/268/ceramic-matrix-composites-market-in-aircraft-engines.html

Component Type: Static Components and Rotational Components

The ceramic matrix composites market in aircraft engines is also segmented based on component type as Static Components and Rotational Components. Most of the current CMC developments in aircraft engines are primarily for static components, such as shrouds and combustor liner. All the major engine manufacturers are trying hard for the development of CMC components in the static applications in their most-selling engines. We also expect a surge in the demand for CMC parts from the rotational components over the next five years.

Application Type: Shrouds, Combustor Liner, Blades, Nozzle, and Others

Based on the application type, the ceramic matrix composites market in aircraft engines is bifurcated into Shrouds, Combustor Liner, Blades, Nozzle, and Others. Shrouds are projected to remain the largest application over the next five years, driven by their usage in the Leap engines. Leap engine is certified for the B737 Max, A320neo, and C919 aircraft. CFM International, a JV between GE Aviation and Safran Aircraft Engines, delivered 1,118 Leap engines in 2018 and is projected to deliver approximately 2,000 Leap engines by 2020. Furthermore, the development of CMC-based shrouds in upcoming aircraft engines such as GE9x, would further accelerate the demand over the next five years. All the major applications including combustor liner, shrouds, blades, and nozzles, are projected to witness healthy growth rates during the forecast period.

Engine Zone Type: High-Pressure Zone, Low-Pressure Zone, and Engine Combustor

Based on the engine zone type, the CMCs market is segmented as High-Pressure Zone, Low-Pressure Zone, and Engine Combustor. High pressure zone would remain the hotspot during the forecast period. CMCs are ideal materials as they offer a wide spectrum of advantages at high-pressure zones including a reliable performance at the extreme temperatures up to 1,300°C, a significant weight saving compared with nearest rival nickel alloys, and no need for air cooling. This improves the engine thrust and reduces fuel consumption and emits fewer pollutions. All three zones are likely to witness impressive growth rates in the coming five years.

A highly/moderately/fragment consolidated Market

GE Aviation, COI Ceramics Inc., Composite Horizons LLC, Herakles (Safran Ceramics), Honeywell International Inc, IHI Corporation, Pratt & Whitney, and Rolls-Royce are the key manufacturers of CMC parts for aircraft engines. The development of new applications, the formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by companies to gain a competitive advantage over the market.

Region: North America is projected to remain the largest market

North America is projected to remain the largest market during the forecast period. This region has been investigating the potential of CMCs in aircraft engines for the last two decades. The key CMC players have worked along with government institutions to make sure the commercial viability of CMCs in aircraft engines. The region also owns the presence of all the major CMC part manufacturers such as GE Aviation. The key players are rolling out their dedicated CMC plants in North America to address the surging demand for CMCs.

Click here for other high value market reports from Stratview Research in the Advanced Material Industry: 

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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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Author : Emily

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