21-Apr-2014 Source: Global Information
Global Information Inc. announces the addition of a new market research report “Opportunities for Composites in Global Aerospace Market 2014-2033” at GIIResearch.com
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.
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