According to a new market study conducted by Lucintel, the huge demand for new aircraft and high composites penetration (upto 52% of structural weight) will drive significant demand for composites in the aerospace market. The report claims that the total demand for composites in commercial aerospace, regional jets, defense, general aviation, helicopter and other segments of aerospace market is expected to be worth $41.8 billion over the next 10 years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global aerospace composites market to develop a comprehensive research report entitled "Opportunities for Composites in the Global Aerospace Market, 2011-2030".
As per the study, although composites usage varies between aircraft types, the trend going forward is greater use of composites in all the aircraft. For the Boeing 787, composites are estimated to comprise 50% of the total structural weight of the aircraft, while the Airbus 380 has 22% of its total structural weight comprised from composites. Though aluminum is currently the predominant material used in the overall aerospace industry, aerospace companies are showing increased interest in composite materials because of a desire for more fuel-efficient and corrosive-resistant aircraft.
Lucintel’s analysis finds that the wide body aircraft will contain more than double amount of composites as compared to narrow body aircraft in next 10 years. Lucintel assumes that narrow body aircraft will carry approximately 35% composites of their structural weight by 2018. The development of narrow body aircraft is expected to start by 2013-2015 and production by 2018.
This Lucintel research report provides insights regarding various aerospace markets, its background and characteristics. The market is analyzed both in terms of segments and regions. It details manufacturing process analysis, evolution of composite applications and their market. This report profiles the leading players and their market share in detail. It also addresses trends, forecasts, key drivers and challenges in the aerospace market.
For a detailed table of contents and pricing information on this timely and insightful report, please contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting edge decision support services that help you make critical decisions with greater speed, insight, and cost efficiency. To find out more, please visit http://www.lucintel.com.
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