TechNavio today launched its report, Global Aerospace Composites Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The Global General Aviation market is expected to exhibit steady growth in the coming years. The vendors in the Global Aerospace Composites market will benefit from the increasing use of composites in new-generation aircraft. Also, the expanding use of composites in helicopters and other rotary-wing aircraft will increases vendors’ average sales per aircraft over time. Composite applications have expanded rapidly in general aviation design, i.e., from small secondary structures to more demanding flight-control surfaces, empennage assemblies, fuselage, and wings. It is estimated that over the next several years, the General Aviation markets in Europe and North America will slowly improve. However, most of the forecast growth will come from the emerging markets in China, Brazil, and India.”
According to the report, the use of composites in the Aerospace industry has been increasing because of the various benefits it offers to aircraft manufacturers, and this is driving the Global Aerospace Composites market. The primary benefits that composites offer are reduced weight and assembly simplification as compared to the traditional materials for aircraft construction such as steel, aluminum, and titanium. Further, the performance advantages gained by reducing the weight of aircraft structural elements has given a major thrust to the development of military aviation composites. This is because composites are about one-fifth the weight of steel and are better in terms of stiffness and strength.
Further, the report reveals that one of the major challenges in this market is the increasing number of regulations being introduced by various governments.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-aerospace-composites-market-2012…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Global Aerospace Composites Market 2012-2016
