According to a new market report published by
Lucintel, the future of composites in the global aerospace interior market
looks promising with opportunities in the commercial aircraft, regional
aircraft, general aviation, helicopter, and military aircraft. Composite in the global aerospace interior market is expected
to reach an estimated $468 million by 2023 with a CAGR of 4.7% from 2018 to 2023.
The major growth drivers for this market are increasing deliveries of aircraft
and the demand for lightweight materials.
In this
market, interior panels are the major
applications of composites in the global aerospace interior market. On the basis of its
comprehensive research, Lucintel forecasts
that the interior panels will remain the largest application over the
forecast period. The major parts fabricated from composites include floor
panels, ceiling panels, sidewalls and partition walls. Increased focus on
weight reduction and fuel efficiency by aircraft manufacturers has augmented
the use of composites in aircraft interior.
By fiber type, glass fiber composite is
expected to remain the largest segment over the forecast period. Carbon fiber
composites is expected to witness the highest growth due to an increase in new aircraft
applications, such as window frames and seat components and increasing
penetration of carbon fiber composites in aircraft interior components.
By resin
type, phenolic resin based composite is
expected to remain the largest segment by value and volume. It is also expected to witness the highest
growth during the forecast period due to the performance benefits related to
fire, smoke, and toxicity.
North America is expected to remain the
largest region and witness
the highest growth over the forecast period due to a significant increase in
aircraft deliveries and increasing demand for lightweight materials.
Emerging trends, which has
a direct impact on the dynamics of the industry, includes introduction of
composites for aircraft window frames and development of thermoplastic
composite application in aircraft interiors. Hexcel, Gurit, Toray, Teijin, and
SGL are among the major providers of composites in the global aerospace interior market.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities for composites in the global aerospace interior market by aircraft
type, application type, manufacturing process, market type, fiber type, resin
type and region and has come up with a comprehensive research report entitled “Growth
Opportunities for Composites in the Global Aerospace Interior Market 2018-2023:
Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as
it provides comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for composites in the global aerospace interior market by aircraft type, application,
market type, manufacturing process, fiber type, resin type and region as follows:
By Aircraft
Type [Value ($M) and Volume (M lbs) from 2012 to 2023]:
·
Commercial
Aircraft
·
Regional
Aircraft
·
General
Aviation
·
Helicopter
·
Military
Aircraft
By Application Type [Value ($M) and Volume (M lbs) from 2012 to 2023]:
·
Interior
Panels
·
Seating
·
Galley
·
Stowage
Bin
·
Lavatory
·
Others
By Market Type [Value ($M) and Volume (M lbs) from 2012 to 2023]:
·
OEM
·
Aftermarket
By Manufacturing Process [Value ($M) and Volume (M lbs) from 2012 to
2023]:
·
Prepreg
Layup
·
RTM
·
Others
By Fiber Type [Value ($M) and Volume (M lbs) from 2012 to 2023]:
·
Glass
Fiber
·
Carbon
Fiber
·
Others
By Resin Type [Value ($M) and Volume (M lbs) from 2012 to 2023]:
·
Phenolic
·
Epoxy
·
Others
Region [Value ($M) from 2012 to 2023]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
199 page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings include
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