According to a new market report published by Lucintel, the future of the global carbon fiber in aerospace and defense market looks attractive with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and UAVs. The global carbon fiber in the aerospace and defense market is expected to reach an estimated $1.6 billion by 2025 with a CAGR of 4.2% from 2020 to 2025. The major drivers for this market are increasing demand for high-performance lightweight materials in the aerospace/defense industry and growing production of advanced aircraft models with high composites content.
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In this market, carbon fiber composite is used in commercial aerospace, regional jets, helicopters, military aircraft, and UAVs. Lucintel forecasts that commercial aerospace will be the largest segment supported by the demand for lightweight materials in aircraft programs, such as Boeing 787 and Airbus A350. Carbon fiber for UAV is expected to witness the highest growth over the forecast period due to the increasing demand Unmanned Arial Vehicles for surveillance and growing use of lightweight materials in its development.
Based on the type of precursor, the carbon fiber market in the aerospace and defense industry can be segmented into two types: Polyacrylonitrile-based (PAN-based) and pitch-based. PAN-based carbon fiber usage is higher by value and volume because it is lower in cost than pitch-based.
By tow size, small tow (less than 24k) is expected to remain the largest segment by volume and witness the highest growth over the forecast period because its main use in the aerospace industry owing to high tensile strength. By modulus, the standard modulus is expected to remain the largest segment by volume over the forecast period.
North America is expected to remain the largest region during the forecast period. The growth of carbon fiber in the North American aerospace & defense market is driven by increasing carbon fiber content and growth of aircraft deliveries of B787 and B777.
Emerging trends, which have a direct impact on the dynamics of the industry, including the Increasing demand for continuous fiber-reinforced thermoplastics and growing initiatives for recycling of carbon fiber.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global carbon fiber in aerospace and defense market by aircraft, by component, by precursor type, by tow size, by modulus, and region, and has compiled a comprehensive research report entitled “Growth Opportunities For Global Carbon Fiber in Aerospace and Defense Market 2020-2025: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides comprehensive data and analysis on-trend, key drivers, and directions. The study includes a forecast of the growth opportunities in the global carbon fiber in aerospace and defense industry by aircraft, by component, by precursor type, by tow size, by modulus, and region as follows:
By Aircraft [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- Commercial Aerospace
- Regional Jets
- General Aviation
- Helicopter
- Military Aircraft
- UAV
By Component [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- Primary
- Interior
- Engine
- Others
By Precursor Type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- PAN Based
- Pitch Based
By Tow size [Volume (M lbs) from 2014 to 2025]:
- Small Tow (<24K)
- Large Tow (>24K)
By Modulus [Volume (M lbs) from 2014 to 2025]:
- Standard
- Intermediate
- High
By Region [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
- North America
- Europe
- ROW (Including APAC)
This 350-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/aerospace-carbon-fiber-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q. 1. How big are the opportunities in the global carbon fiber market in aerospace and defense industry by aircraft (commercial aerospace, regional jets, general aviation, helicopter, military aircraft and UAV), by precursor type (PAN based, pitch based), by tow size (small tow, large tow), by modulus (standard, intermediate, high), and region (North America, Europe, Rest of the World (including APAC))?
Q. 2. Which product segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last have years and what has its impact been on the industry?
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