Technavio recognizes the following companies as the key players in Global Aerospace Composite Market 2015-2019: Cytec Industries Inc., GKN plc, Mitsubishi Rayon Co. Ltd., TohoTenax Co. Ltd., and Toray Industries Inc.
Other Prominent Vendors in the market are: Hartzell Aerospace, Hexcel, Hyosung, Kaman SGL Group, Teijin Aramid and Teledyne CML Composites.
Commenting on the report, an analyst from Technavio’s team said: “The market for commercial air transport has been growing rapidly. Jet engines utilized for such commercial aircraft account for a huge market value. More importance has been given to fuel efficiency, weight reduction and increased performance efficiency of jet engines. It has provided a growing market opportunity for composites in the aircraft jet engines segment.”
According to the report, with the commercialization of 3D displays, the global 3D display market has been witnessing an increase in 3D video content worldwide. Although the market is still in its nascent stage, the penetration of 3D technology has been on the rise as 3D display panels are being used in mobile handsets, tablet PCs, and in billboards for advertisements.
Further, the report states that the increased concerns for aircraft MRO in hindering the growth for this market.
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/report/global-aerospace-composite-market-2015-2019
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