What is the future of Opportunities in the Indian Aerospace Composites Market? Know Covid Impact on Size, Share & Forecasts

What is the future of Opportunities in the Indian Aerospace Composites Market? Know Covid Impact on Size, Share & Forecasts

June 22, 2020

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 Opportunities in the Indian Aerospace Composites Market.

It was estimated prior to this unanticipated outbreak that the Indian aerospace composites market will reach a value of US$ 302.5 million in 2023. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Currently, the market is relatively very small with the presence of a few local players, which possess good composite capabilities. However, it is expected that the Indian market is likely to evolve rapidly in terms of both demand as well as technology in order to cater to the huge indigenous demand for commercial as well as military aircraft.

For a more detailed breakdown of the COVID-19 impact on this Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/388/Indian-Aerospace-Composites-Market.html

Opportunities in the Indian Aerospace Composites Market Segment Insights:

By Aircraft Type:

Civil aviation and military aviation are likely to remain the growth engines of the market in the foreseeable future. Majority of the demand for composite parts for the commercial aviation segment is mainly coming from the global market, whereas there is an impressive indigenous demand for composite parts in the military aviation segment.

By Application Type:

The exterior segment is likely to remain dominant in the market during the forecast period. Composites are increasingly used in aircraft exterior with the purpose to leverage the potential of composites including lightweight, corrosion resistance, and abrasion resistance. 

By Resin Type:

Most of the aerospace composite components are fabricated using epoxy resin not only in India but also in the global market. Phenolic composites are well known for their excellent FST-resistant properties and are preferred choice for interior applications.

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By Fiber Type:

Carbon fiber composites are likely to remain the most dominant and fastest-growing fiber type segment of the market during the forecast period. Lightweight coupled with high-performance benefits over rivalry materials has led to a massive adoption of carbon fiber composites in the aerospace industry.

The Indian aerospace composites market is fiercely competitive with the presence of a few active players at present. It is anticipated that the excellent growth of the market may attract global players to enter the Indian market in the near future to capture a larger chunk of the growing market. Furthermore, it is also expected that the existing players may develop better technological capabilities in the coming time to remain competitive in the long run.

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.

Based on the research, a proper report is crafted with the following key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • 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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Author : Emily

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