The Aeroengine Composites Global Market Report 2023, provides comprehensive information on the aeroengine composites market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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Growth:
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According to The Business Research Company's Aeroengine Composites
Global Market Report for 2023, the global aeroengine composites market is
poised for remarkable growth. In the year 2022, this market boasted a valuation
of $1.81 billion, and by the end of 2023, it is projected to surge to a
substantial $2.01 billion. This robust expansion is underpinned by an
impressive compound annual growth rate (CAGR) of 11.4%.
However, it is imperative to acknowledge the perturbations that have
marred the global economic landscape. The ongoing Russia-Ukraine conflict,
emerging amidst the backdrop of the protracted COVID-19 pandemic, has cast a
shadow over the prospects of a swift global recovery. Economic sanctions levied
against various nations, alongside soaring commodity prices and disruptions in
supply chains, have triggered a cascade effect—leading to inflationary
pressures on both goods and services and impacting diverse markets worldwide.
Looking ahead, the aeroengine composites market is anticipated to
witness substantial expansion, with an expected market size of $3.23 billion in
2027. This growth trajectory is set to continue with a CAGR of 12.6%. These
statistics underscore the significant role that aeroengine composites play in
advancing the aviation industry and the global economy, even in the face of
challenging geopolitical events.
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Tables):
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Technological advancement stands as a prominent and evolving trend
within the aero-engine composites market. Manufacturers in this sector are
increasingly prioritizing the integration of cutting-edge technologies in the
production of aero-engine composites. This approach is geared towards achieving
not only enhanced engine performance but also addressing critical environmental
concerns by boosting fuel efficiency and consequently reducing CO2 emissions.
A notable illustration of this commitment to technological innovation
comes from GE Aviation, a well-established US-based aircraft engine
manufacturer, and Safran S.A., a renowned French manufacturer of aircraft
engines. In June 2021, they jointly launched a visionary technology development
program known as CFM RISE (Revolutionary Innovation for Sustainable Engines).
This program aspires to achieve a substantial advancement in fuel efficiency,
targeting an increase of more than 20% in comparison to current engines.
Though the official documentation may not explicitly mention composites,
a comprehensive analysis of the program's technology roadmap unveils a
strategic focus on composite fan blades, heat-resistant metal alloys, and
ceramic matrix composites (CMC). This implicitly suggests that composites will
play a pivotal role in the development of the engines envisioned under this
program.
This development signifies the pivotal role that aero-engine composites
are poised to play in shaping the future of aviation. They are integral to the
objective of achieving enhanced fuel efficiency and sustainability in aviation,
aligning with global efforts to mitigate the environmental impact of air
travel. Therefore, the innovative use of composites in engine design represents
a significant stride towards a more eco-friendly and technologically advanced
aviation industry, particularly for engines expected to enter service by the
mid-2030s.
The aeroengine
composites market is segmented:
1) By Type:
Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites
2) By Component:
Fan Blades, Fan Case, Guide Vanes, Shrouds, Other Components
3) By
Application: Commercial Aircraft, Military Aircraft, General Aviation Aircraft
North America was
the largest region in the aeroengine composites market in 2022.
The table of contents in TBRC’s aeroengine composites market report
includes:
2. Aeroengine Composites Characteristics
3. Aeroengine Composites Market Trends And Strategies
4. Aeroengine Composites Market - Macro Economic Scenario
5. Aeroengine Composites Market Size And Growth
.....
26. Africa White Goods Market
27. Aeroengine Composites Market Competitive Landscape And Company
Profiles
28. Key Mergers And Acquisitions In The Aeroengine Composites Market
29. Aeroengine Composites Market Future Outlook and Potential
Analysis
30. Appendix
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major drivers and leading players.
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