The Aerospace Composites Market 2012-2022, a new report released Sept. 28 by market analysts at Visiongain (London, U.K.) indicates that the global aerospace composites market will reach a value of $10.3 billion (USD) this year as the processes used to manufacture composite aircraft structures are refined and optimized and the demand for more cost-efficient aircraft gains momentum.
According to Visiongain, the aerospace composites market is expected to record positive and continuous growth over the next decade, due in large part to a better understanding of the physical attributes of composite materials, which can be successfully integrated into the design and development process, and the increasing demand for lighter and more fuel-efficient aircraft. Visiongain credits a predicted “expansion of air travel, the importance attached to maintaining airline safety and the need by airlines to reduce operational costs” as the key forces that will shape the aerospace composites industry.
The report contains 101 tables, charts and graphs that add visual analysis in order to explain developing trends within the aerospace composites market. Visiongain provides forecasts for the period 2012-2022 in terms of value (figured in U.S. dollars) for the global aerospace composites market, as well as submarket forecasts for three reinforcement fiber types (carbon, glass and aramid) and four submarket forecasts by aircraft type (commercial jets, business jets, military aircraft, and commercial helicopters). In addition, 10 leading national aerospace composites markets are forecast and analyzed by Visiongain over the period 2012-2022.
The report provides profiles of 20 leading companies operating within the market, and includes two interviews said to provide expert insight alongside the Visiongain analysis.
For sample pages and/or additional information about the The Aerospace Composites Market 2012-2022 report, visit: www.visiongain.com/Report/901/The-Aerospace-Composites-Market-2012-2022.
Editor PickMore companies join NASA’s Advanced Composites Consortium
The project’s goal is to reduce product development and certification timelines by 30 percent for composite aircraft.