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Aero Engine Composite Material Market Size, Share & Industry Analysis, By Application (Commercial Aircrafts, Military Aircrafts , General Aviation Aircrafts), By Components (Fan Blades, Guide Vanes, Shrouds, Engine casing, Engine nacelle, other cold end parts), By Composite Type (Polymer matrix composites, Carbon matrix composites, Metal matrix composites), By Fibre Type (Carbon fibres, Ceramic fibres , glass fibres) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI105538 | Status : Ongoing

 

KEY MARKET INSIGHTS

The Aero Engine is one of the most opposing and demanding environments for any material system. When this is coupled with the ongoing industry demand for higher thrust levels, lighter weight, and increased efficiency, all at a reduced cost, it means that the introduction of advanced composite materials will require intensive and advanced development programs. Since 1980, average fuel consumption in commercial aircraft has reduced by 27% for wide-body aircraft and 35% for narrowbody models. The outbreak of the COVID-19 pandemic in 2020 has severely affected the entire aviation industry. It has resulted in several aircraft operators filing for bankruptcy or operating by using 60% of their entire fleet. This has reduced the demand for aircraft, and in turn, aircraft engines.


The increasing production rate of composite made commercial aircraft is driving the growth of the aero-engine composite market; other than that, the use of ceramic matrix composites and metal matrix composites contributes to weight reduction for engines and allows them to run at much higher temperature. However, the high capital investment and replacement cost may restrain the growth of the aero-engine composite market


Key Market Driver -

• The Rise passenger air traffic had led to increased demand for new-generation Aircraft Engines • Ultra Long Range fligt oprerations

Key Market Restraint -

• The high cost for Repairs and may lead to replacement of Part or component. • Decrease in deliveries of Aircraft in Commerical industry.


Market Segmentation:


The market is segmented by Application, Component, Composite type, Fibre Type and Geography


Based on application, the aero-engine composite market is segmented into Commercial Aircraft, Military Aircraft, and General Aviation Aircraft. The commercial segment is anticipated to dominate the market owing to an increase in air passenger traffic. Based on components, the market is classified into Fan Blades, Guide Vanes, Shrouds, engine casing, Engine nacelle, and other cold end parts that are widely used. The induction of modern turbofan engines equipped with composite fan blades has made Fan Blade segment the fastest-growing segment during the forecast period. Based on the type of composite, the market is bifurcated into polymer matrix composites, carbon matrix composites, metal matrix composites, and ceramic matrix composites. The metal matrix composites segment is anticipated to dominate the market owing to its application in new generation engines at a substantial rate. By fiber type, the market is divided into Carbon fibers, Ceramic fibers, and glass fibers; Carbon fibers are generally used in new generation Aero engines and the segment is expected to be the fastest-growing segment during the forecast period.


Key Players Covered:


Comtek Advanced Structures Ltd(Canada), General Electric (The U.S.), The Boeing Company (The U.S.), Pratt and Whitney (The U.S.), Hexcel Corporation (The U.S), Rolls-Royce plc (The U.K.), CFM International (The U.S.) Triumph Group (The U.S.), Meggitt PLC International (The U.S.), Solvay (Belgium), Airbus (France), GKN Aerospace Services Limited (The U.K.), International Aerospace Engines (The U.S.), IHI Corporation (Japan), Engine Alliance (The U.S.)


Safran(France)


Key Insights:



  • New advancements in production technology

  • Adoption Aeroengine composite material market of by application

  • New trends and opportunities in Aeroengine composite material market


Regional Analysis:


The Aeroengine composite material market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the market owing to the presence of key players General Electric Aviation, The Boeing Company, Pratt and Whitney, and Hexcel Corporation. Moreover, the growth of the market in the region is attributed to an increase as GE Aviation serves the highest demand for the aero-engine composites across the globe. The market in Europe is expected to grow moderately owing to the presence of prominent Aeroengine Composite manufacturers, and service providers like Rolls-Royce Aerospace have begun increasing the composite usage in their new generation engine models. The market in Asia-Pacific is expected to grow significantly; the reason behind this demand is the growing trend of a low-cost carrier or budgetary airlines who are procuring modern aircraft which are equipped with new-generation engines that use these composite. The Middle East consists of some potential buyers like Emirates, Qatar, Etihad, and many more emerging airlines are the major player in making the market grow during the forecast period.


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Segmentation






























 ATTRIBUTES 


 DETAILS     

By Application




  • Commercial Aircrafts

  • Military Aircrafts

  • General Aviation Aircrafts



By Components




  • Fan Blades

  • Guide Vanes

  • Shrouds

  • Engine casing,

  • Engine nacelle

  • other cold end parts



By Composite Type




  • Polymer matrix composites

  • Carbon matrix composites

  • Metal matrix composites



By Fibre Type




  • Carbon fibres

  • Ceramic fibres

  • glass fibres



By Geography




  • North America (The U.S., Canada)

  • Europe (The U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (China, Japan, India, Australia, and Rest of Asia Pacific)

  • Rest of the World (Latin America and The Middle East & Africa)



Aeroengine Composite Material Market Industry Developments



  • In march 2021, Rolls-Royce has officially started building the world’s largest aero-engine, UltraFan which will help redefine sustainable air travel for in near future. The application of Advanced ceramic matrix composite (CMC) components that operates more effectively and engine will deliver a 25% fuel saving.

  • In September 2020 GE Aviation got certified for GE9X engine by the U.S. Federal Aviation Administration (FAA) authorities. The GE9X is the sole-sourced engine for the Boeing 777X family. The 3D printed parts and ceramic matrix composite (CMC) material in the combustor and turbine makes it the most fuel-efficient engine in its class while delivering unmatched performance


  • Ongoing
  • 2021
  • 2018-2020

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