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Opportunities for Composites in Global Aerospace Market 2014-2033

  • February 2014
  • Lucintel
Report ID: 2082003


Table of Contents

Background :

High order backlog and an increasing production rate for various aircraft as well as high penetration are
the main drivers for significant composite materials demand in the aerospace industry. Lucintel expects
a major rebound in the market, especially in APAC region which is observing high demand for aircraft.
Composite materials market is anticipated to grow to 139 million pounds, valued at $5.9 billion in 2033.

Lucintel, a leading global management consulting and market research firm, has conducted a
competitive analysis on the industry and presents its findings in “Opportunities for Composites in the
Global Aerospace Market 2014-2033”. The report analyzes the aerospace market for all the four
regions along with the risk factors and growth opportunities. The aerospace market is segmented by
APAC, Europe, North America, and ROW regions.

The global aerospace industry has a strong long-term demand for products and services, driven by
robust passenger and cargo demand. Lucintel predicts continued growth across all the sectors of civil
aircraft. In terms of aircraft units, the majority of deliveries will be in the business jet and single-aisle
mainline markets; however, in value terms, twin-aisle aircraft designed for use on longer-range routes
dominate the market. The fastest growing segments will be the 200- to 350-seat twin-aisle sector, large
regional jets, and very light business jets. The Boeing 787 uses composites for approximately 50% of its
total structural weight. Both the Airbus A380 and the 787 contain more than 100,000 pounds of
composites per aircraft. Composites consumption in the commercial aerospace industry will be driven
by three programs: Boeing 787, A350 XWB, and A380.

Although North America dominates the global aerospace market, APAC has a huge and growing
demand for aircraft. China and India, the two large and emerging economies of this region, are growing

Lucintel highlights key challenges faced by the aerospace industry. Decreasing defense budget in North
America and Europe will be partially offset by increased defense spending in emerging markets. China
manufactures its defense aircraft indigenously. Various aircraft are developed under license and various
programs are copies of other countries’ defense aircraft. Defense aircraft represent the major portion of
India’s defense procurement budget.

The report is a comprehensive overview of the advanced composite materials market in the global
aerospace industry. It provides a top-down view, starting from a useful characterization of the
aerospace market itself with accurate breakdown in the main segments and sub-segments (commercial
aircraft, regional aircraft, defense, etc.). The report contains detailed figures of the volumes (and
associated market value) of composites consumed in the different aerospace segments and sub-segments.

Lucintel’s analysis also provides technical information regarding composite applications and processes
used in the manufacturing of various aircraft components. The report also includes a useful and
comprehensive directory of the main players and manufacturers in the industry.

This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.

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