Composites in the Aerospace Interior Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Composite material, also known as a composition material, is a product that is made up of two or more materials that have substantially different physical or chemical properties. The interaction of the two materials results in special composite properties. This new material has a distinct personality and is lighter, more cost-effective, and more durable than traditional materials. Composite building materials (concrete), reinforced plastics like FRPs, metal, and ceramic composite are among the different types of composite materials available depending on their applications. Fibers suspended in an epoxy resin matrix make up the composites used in the aerospace interior. In the aviation industry, composite materials, especially those made of glass fibers, carbon fibers, and Kevlar, are widely used.

MARKET SCOPE

The "Global Composite in the Aerospace Interior Market Analysis to 2031" is a specialized and in-depth study of the composite in the aerospace interior market with a special focus on the global market trend analysis. The report aims to provide an overview of composite in the aerospace interior market with detailed market segmentation by aircraft type, fiber type and application. The global composite in the aerospace interior market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading composite in the aerospace interior market player and offers key trends and opportunities in the composite in the aerospace interior market.

MARKET SEGMENTATION

• On the basis of aircraft type, the market is segmented as commercial aircraft, general aviation, helicopter, and military aircraft.
• On the basis of fiber type, the market is segmented as carbon fiber, glass fiber, and others.
• Based on type of application, the market is segmnted as seating, galley, interior panel, stowage bins, lavatory, and others.

MARKET DYNAMICS

Drivers:

• The increased research activities for the production of next-generation composite materials with lightweight and high-temperature resistance properties that aid in the design and manufacture of high-performance and cost-effective aircraft
• Customers' preferences are increasingly shifting, and aerospace industries are investing heavily to enhance the overall consumer experience by providing excellent aesthetics and assist airlines
• The advantages of corrosion resistance, low maintenance, excellent fatigue resistance, high strength and toughness over conventional materials such as steel and aluminum

Restraints:

• Lack of infrastructure and standardization in terms of material usage

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Composites in Aerospace Interior market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the Composites in Aerospace Interior market.

IMPACT OF COVID-19 ON COMPOSITES IN AEROSPACE INTERIOR MARKET

The aircraft industry's demand for composites has been harmed by COVID-19. The disturbance in the supply chain, which resulted in delays or non-arrival of raw supplies, disturbed financial flows, and increased absenteeism among production line workers forced aircraft manufacturers to operate at a reduced capacity. The travel ban has drastically curtailed air travel, which has had a negative impact on the aerospace industry by decreasing new aircraft deliveries. The demand for composite materials has decreased as a result of fewer aircraft deliveries in 2021. However, from 2021 onwards demand may rise extensively in the global composites in aerospace interior market in the upcoming quarter as the industry's production has started to get momentum after the tough phase of COVID-19. According to Airbus Group, the number of air passengers is expected to expand at a rate of 4.5% per year by 2035, demanding the acquisition of 33,000 new commercial aircraft. Further, according to Boeing, around 25% of all air travel worldwide occurred within Asia. This value is forecast to change to 35% in the next two decades and to occupy the largest share of intra-regional air travel globally. The Asia-Pacific region is predicted to get 17,390 deliveries of new airplanes in the next two decades (2021-2040), which may increase the total number of airplane fleets to 19,420. This would result in a significant increase in demand for composites in aerospace interior around the world during the forecasted period (2021-2031).

MARKET PLAYERS

The report covers key developments in the composites in aerospace interior market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Composites in Aerospace Interior market are anticipated to lucrative growth opportunities in the future with the rising demand for Composites in Aerospace Interior in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Composites in Aerospace Interior market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Toray Advanced Composites
• Hexcel Corporation
• BASF SE
• Solvay S.A.
• Gurit Holding AG
• SGL Carbon SE
• JPS Composite Materials
• AIM Altitude
• Argosy International Inc.
• Axiom Materials, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Composites in the Aerospace Interior Report Scope