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Light weight, high reliability, superior aerodynamic performance, stealth, and all weather operation are important requirements of aerospace structures such as spacecraft, commercial aircraft, business aircraft, and specific military aircraft. Composite materials are the ideal choice of materials that meet the demands of the aerospace industry. Recent advancements and developments in composite technology, which uses fiber reinforced polymer composites, have positively affected the aviation sector.

Fiber-reinforced polymer composites are technically advanced materials, which are resistant to fatigue and corrosion. They are also light in weight. Polymer composites provide high strength-to-weight and stiffness-to-weight ratios. Thus, aerospace engineers and aircraft designers increasingly prefer polymer composite materials over other composite materials, as these make aircraft much stronger, lighter, and more fuel efficient.

Unfolding superior properties and advantages of strong and stiff reinforcements such as carbon fiber along with recent advancements in polymer research to manufacture high performance resins as matrix materials have helped overcome the challenges presented by the complex designs of modern aircraft. Advanced polymer composites are employed on a large scale in R&D initiations by major OEMs. Governments across the world are also increasingly funding the development of military fighter aircraft, general aviation, helicopters, satellites, launch vehicles, and missiles. This highlights the immense potential of polymer composite materials in the aerospace industry.

Based on fiber, the aerospace polymer composites market can be segmented into carbon, glass, ceramic, and aramid. In terms of matrix, the market can be bifurcated into thermoplastic (PPS, PEEK) and thermosets (epoxies, phenolic, polyesters, and polyimides). Based on aircraft type, the aerospace polymer composites market can be segregated into general aviation, defense aircraft, space, and helicopters. In terms of structure, the market can be classified into laminate composites and sandwich composites. Based on application, the aerospace polymer composites market can be split into interior and exterior.

Increased military expenditure across major economies such as U.S., China, Western Europe and UAE, is one of the major drivers for aerospace polymer composites market.  And also the robust growth of aerospace industry due to increasing demand for air transportation are expected to drive the growth of aerospace polymer composites market in coming years. Technological advancements and significant investments in R&D by OEMs for the manufacture of aerospace structural parts are expected to boost the aerospace polymer composites market.

In terms of geography, North America holds large share of the global aerospace polymer composites market due to the presence of major aircraft fleet such as AIRBUS, Boeing, and Lockheed Martin. Growth of the fleet is anticipated to directly increase the consumption of aerospace polymer composites. Asia Pacific and Europe are also key regions of the market. The aerospace polymer composites market in Asia Pacific is anticipated to expand significantly during the forecast period owing to the expansion in the aerospace industry and rise in demand for various types of aircraft in countries such as India and China. Latin America and Middle East & Africa are estimated to account for relatively small share of the global aerospace polymer composites market.

Key players operating in the global aerospace polymer composites market include AIRBUS, BOEING, Hexcel, and ATC Aerospace. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Aerospace Polymer Composites Market

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