Opportunities for Composites in the Global Aerospace Market 2014-2033
DUBLIN, Ireland, April 16, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/rkz6cw/opportunities_for) has announced the addition of the "Opportunities for Composites in the Global Aerospace Market 2014-2033" report to their offering.
High order backlog and an increasing production rate for various aircraft as well as high penetration are the main drivers for significant composite materials demand in the aerospace industry. The author expects a major rebound in the market, especially in APAC region which is observing high demand for aircraft. Composite materials market is anticipated to grow to 139 million pounds, valued at $5.9 billion in 2033.
The report analyzes the aerospace market for all the four regions along with the risk factors and growth opportunities. The aerospace market is segmented by APAC, Europe, North America, and ROW regions.
The global aerospace industry has a strong long-term demand for products and services, driven by robust passenger and cargo demand. Lucintel predicts continued growth across all the sectors of civil aircraft. In terms of aircraft units, the majority of deliveries will be in the business jet and single-aisle mainline markets; however, in value terms, twin-aisle aircraft designed for use on longer-range routes dominate the market. The fastest growing segments will be the 200- to 350-seat twin-aisle sector, large regional jets, and very light business jets. The Boeing 787 uses composites for approximately 50% of its total structural weight. Both the Airbus A380 and the 787 contain more than 100,000 pounds of composites per aircraft. Composites consumption in the commercial aerospace industry will be driven by three programs: Boeing 787, A350 XWB, and A380.
Although North America dominates the global aerospace market, APAC has a huge and growing demand for aircraft. China and India, the two large and emerging economies of this region, are growing rapidly.
The author highlights key challenges faced by the aerospace industry. Decreasing defense budget in North America and Europe will be partially offset by increased defense spending in emerging markets. China manufactures its defense aircraft indigenously. Various aircraft are developed under license and various programs are copies of other countries' defense aircraft. Defense aircraft represent the major portion of India's defense procurement budget.
Key Topics Covered:
1. Executive Summary
2. Aerospace Market Analysis
3. Commercial Aerospace Market Analysis
4. Regional Jet Market Analysis
5. General Aviation Market Analysis
6. Helicopter Market Analysis
7. Defense Market Analysis
8. Manufacturing Process Analysis
9. Evolution of Composite Applications in Global Aerospace Market
10. Composite Applications in Global Aerospace Market
11. Composite Materials Market Analysis
12. Composite Materials in Aerospace Market by Region
13. Trend for Composites in Global Aerospace Market
14. Forecast for Composites in Global Aerospace Market
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SOURCE Research and Markets