ASD Reports Consulting recently released the "Aerospace Composite Market Analysis Report." The report predicts that the total aerospace composite market will grow from 9.87 billion U.S. dollars in 2017 to 9.87 billion U.S. dollars in 2011, reaching 42.97 billion U.S. dollars by 2022 .
The increasing use of aerospace composites for the interior and exterior of commercial and military aircraft worldwide has contributed to the steady growth of this material market.
However, the high cost of processing aerospace composite materials and the lack of standardization of its processing and manufacturing technologies also limit the growth of aerospace composite materials during the forecast period.
Commercial aircraft is the main push hand
Aerospace composite materials can be adapted to extreme flying environments such as high-pressure, shock and impact loads, which can be applied to a variety of aircraft fuselage structures such as the manufacture of wings, fuselages and aircraft interiors.
According to ASD Reports, commercial aircraft will dominate the aerospace composite market in terms of mass or value, as more and more are coming in the next generation of commercial aircraft, such as the Airbus A350 XWB, A320neo, and Boeing aircraft 787 and 737 MAX Multi-use of aerospace composite materials.
North America, the fastest growing
In terms of geographical distribution, North America is expected to be the fastest growing market for aerospace composite materials between 2017 and 2022, with both market value and volume increasing at the highest CAGR. The increase in aircraft deliveries, The company's backlog of aircraft orders, as well as the replacement of older aircraft with new aircraft, have all contributed to the growth of the North American aerospace composite market.
Among them, the United States to lead the development of North American space composites market.A aerospace composite materials in the U.S. aerospace industry is expected to increase infiltration, mainly due to increased production capacity of aerospace composites, defense aircraft budget increases, and stable economy The growth brought by the development of the aerospace industry.