According to
a new market report published by Lucintel, the future of the global carbon
fiber in aerospace and defense market looks attractive with opportunities in
the commercial aircraft, regional aircraft, general aviation, helicopter, and UAVs.
The global carbon fiber in aerospace and defense market is expected to reach an
estimated $1.6 billion by 2025 with a CAGR of 4.2% from 2020 to 2025. The major
drivers for this market are increasing demand for high-performance lightweight
materials in the aerospace / defense industry and growing production of
advanced aircraft models with high composites content.
In
this market, carbon fiber composite are used in the commercial aerospace, regional jets,
helicopters, military aircraft, and UAVs. Lucintel forecasts that commercial aerospace
will be the largest segment supported by the demand for lightweight materials
in aircraft programs, such as Boeing 787 and Airbus A350. Carbon fiber for UAV is
expected to witness the highest growth over the forecast period due to the increasing
demand Unmanned Arial Vehicles for surveillance and growing use of lightweight
materials in its development.
Based on the
type of precursor, the carbon fiber market in aerospace and defense industry
can be segmented into two types: Polyacrylonitrile-based (PAN-based) and
pitch-based. PAN-based carbon fiber usage is higher by value and volume because
it is lower in cost than pitch-based.
By tow size,
small tow (less than 24k) is expected to remain the largest segment by volume
and witness the highest growth over the forecast period because its mainly use
in the aerospace industry owing to high tensile strength. By modulus, standard
modulus is expected to remain the largest segment by volume over the forecast
period.
North America
is expected to remain the largest region during the forecast period. The growth
of carbon fiber in North American aerospace & defense market is driven by
increasing carbon fiber content and growth of aircraft deliveries of B787 and
B777.
Emerging
trends, which have a direct impact on the dynamics of the industry, include the
Increasing demand of continuous fiber reinforced thermoplastics and growing
initiatives for recycling of carbon fiber.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global carbon fiber in aerospace and defense market by aircraft, by component, by
precursor type, by tow size, by modulus, and region, and has compiled a
comprehensive research report entitled “Growth
Opportunities for Global Carbon Fiber in Aerospace and Defense Market 2020-2025:
Trends, Forecast and Opportunity Analysis”. The Lucintel report serves
as a catalyst for growth strategies as it provides a comprehensive data and
analysis on trend, key drivers, and directions. The study includes a forecast
of the growth opportunities in the global carbon fiber in aerospace and defense
industry by aircraft, by component, by precursor type, by tow size, by modulus,
and region as follows:
By
Aircraft [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- Commercial Aerospace
- Regional Jets
- General Aviation
- Helicopter
- Military Aircraft
- UAV
By
Component [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- Primary
- Interior
- Engine
- Others
By
Precursor Type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- PAN Based
- Pitch Based
By
Tow size [Volume (M lbs) from 2014 to 2025]:
- Small Tow (<24K)
- Large Tow (>24K)
By
Modulus [Volume (M lbs) from 2014 to 2025]:
- Standard
- Intermediate
- High
By
Region [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- North America
- Europe
- ROW (Including APAC)
This
350-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 advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q. 1. How big are the opportunities in the
global carbon fiber market in aerospace and defense industry by aircraft (commercial
aerospace, regional jets, general aviation, helicopter, military aircraft and
UAV), by precursor type (PAN based, pitch based), by tow size (small tow, large
tow), by modulus (standard, intermediate, high), and region (North America,
Europe, Rest of the World (including APAC))?
Q. 2. Which product segments will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges,
and business risks in this market?
Q.5. What are the business risks and
competitive threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this market?
What strategic initiatives are being taken by key companies for business
growth?
Q.10. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11. What M&A activity has occurred in
the last have years and what has its impact been on the industry?
