Aeroengine Composites Market Drivers [2021-2031]
The Aeroengine Composites Market is expected to register a CAGR of 9.5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Aircraft Type (Narrow-Body Aircraft, Wide Body Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAVs); Application (Fan Blades, Fan Case, Outlet Guide Vanes, Shrouds, Cowlings, Nacelles, Others); Composite Type [Polymer Matrix Composites (PMC), Ceramic Matrix Composites (CMC), Metal Matrix Composites (MMC)]. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Aeroengine Composites Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Aeroengine Composites Market Segmentation
Aircraft Type- Narrow-Body Aircraft
- Wide Body Aircraft
- Regional Aircraft
- General Aviation
- Helicopter
- Military Aircraft
- UAVs
- Fan Blades
- Fan Case
- Outlet Guide Vanes
- Shrouds
- Cowlings
- Nacelles
- Others
- Polymer Matrix Composites
- Ceramic Matrix Composites
- Metal Matrix Composites
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Aeroengine Composites Market Growth Drivers- Increasing Adoption of Composite Materials in Aircraft: The growing demand for lightweight and high-strength materials in aircraft manufacturing to reduce the overall weight and increase the operational efficiency of aircraft is one of the major factors propelling the growth of aeroengine composites market.
- Growing Need for Fuel Efficiency in Aerospace Industry: The aerospace industry faces immense pressure to increase the efficiency of fuel and reduce the emissions produced due to escalating fuel costs and strict environmental laws. Aeroengine manufacturers are increasingly adopting composite materials that are lighter than metals, reducing the overall weight of the engine. Manufacturers can achieve performance and efficiency improvement using composites in fan blades and casings, resulting in a higher adoption of composite materials in aeroengine design. Advances in Composites Manufacturing Technologies: New developments in composite manufacturing, such as automated fiber placement (AFP) and resin transfer molding (RTM), make the production of high-quality composite components easier and more economical. Complex shapes and structures that were not feasible to achieve with traditional materials can now be achieved with the help of these new manufacturing techniques. The growing use of composites in aeroengines will be driven by improved manufacturing processes, enabling lighter, stronger, and more durable engine designs.
- Growing Commercial Aviation and Aircraft Manufacturing: The aeroengine composites market finds a key driver in the growth of the commercial aviation industry. Increasing air travel demand has led airlines to invest in new aircraft, expanding their fleets and enhancing operational efficiency. This increased aircraft manufacturing translates to an increased need for sophisticated aeroengine technologies such as lightweight composite materials. This trend towards older aircraft replacement with newer models that offer higher efficiency again increases the demand for composites in next-generation aeroengines.
- Demand for Fuel Efficiency: The growing demand for improving fuel efficiency by reducing the overall weight of the aircraft is another major factor supporting the growth of aeroengine composites market.
- Upcoming Deliveries of Wide Body Aircraft: The upcoming deliveries of around 7,000 wide body commercial aircraft by the end of 2042 is further likely to drive the market for aeroengine composites market in the coming years.
- Rising Commercial Aviation and Airframe Manufacturing Sector: Growth in the commercial aviation market is a primary growth driver in the aeroengine composites market. With ever-increasing air travel demands, the airlines are continuously investing in new aircraft and increasing the fleet size as well as enhancing operational efficiency. Thus, the upsurge in aircraft manufacturing is directly linked with the rise in demand for advanced aeroengine technologies, such as lightweight composite materials. More demand for composite materials in future-generation aeroengines comes from the trend towards replacing older aircraft with more modern, efficient models.
- Increased demand for fuel efficiency: Due to increased fuel costs and the tightening of environmental regulations, the aerospace industry is always under pressure to improve fuel efficiency and reduce emissions. Aeroengine manufacturers are resorting to composite materials, which are lighter than traditional metals, in an effort to reduce the overall weight of engines. With the use of composites in fan blades and casings of engines, manufacturers can improve performance and efficiency, and therefore adopt more composite materials in aeroengine design. Advances in composite manufacturing technologies: Innovations in techniques for manufacturing composites - such as automated fiber placement (AFP) and resin transfer molding (RTM) - are making it less expensive and easier to produce very high-quality composite components. These innovations now allow the manufacturer to create intricate shapes and structures that were much more difficult to achieve with traditional materials. The use of composites in aeroengines will increase as processes become less labor-intensive.
- Innovations in Manufacturing Techniques: The constant improvements in aircraft parts manufacturing techiques is one of the key trends pushing the aeroengine composites market growth.
- Rising Commercial Aviation and Aircraft Production: The growth of the commercial aviation sector is one of the major drivers for the aeroengine composites market. As air travel demand continues to rise, airlines are investing in new aircraft to expand their fleets and enhance operational efficiency. This increase in aircraft production directly correlates with the demand for advanced aeroengine technologies, including lightweight composite materials. The trend of replacing old aircraft with new, more efficient ones increases the demand for composite materials in next-generation aeroengines.
- Development of High Composite Volume Aircraft: The growing development of high composite volume aircraft such as B787 series is another major trend pushing the growth of aeroengine composites market. The B787 series of aircraft is comprises 80% composites by volume and by material composites account for around 50% of the aircraft series.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aeroengine Composites Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Aeroengine Composites Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The Aeroengine Composites Market is estimated to witness a CAGR of 9.5% from 2023 to 2031
Some of the major trends driving the aeroengine composites market are:
1. Innovations in Manufacturing Techniques
2. Development of High Composite Volume Aircraft
The major factors driving the aeroengine composites market are:
1. Increasing Adoption of Composite Materials in Aircraft
2. Demand for Fuel Efficiency
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 AEROENGINE COMPOSITES MARKET - By Aircraft Type
1.3.2 AEROENGINE COMPOSITES MARKET - By Application
1.3.3 AEROENGINE COMPOSITES MARKET - By Composite Type
1.3.4 AEROENGINE COMPOSITES MARKET - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AEROENGINE COMPOSITES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AEROENGINE COMPOSITES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AEROENGINE COMPOSITES MARKET - GLOBAL MARKET ANALYSIS
6.1. AEROENGINE COMPOSITES - GLOBAL MARKET OVERVIEW
6.2. AEROENGINE COMPOSITES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AEROENGINE COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
7.1. OVERVIEW
7.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
7.3. NARROW-BODY AIRCRAFT
7.3.1. Overview
7.3.2. Narrow-Body Aircraft Market Forecast and Analysis
7.4. WIDE-BODY AIRCRAFT
7.4.1. Overview
7.4.2. Wide-Body Aircraft Market Forecast and Analysis
7.5. GENERAL AVIATION AIRCRAFT
7.5.1. Overview
7.5.2. General Aviation Aircraft Market Forecast and Analysis
7.6. HELICOPTER
7.6.1. Overview
7.6.2. Helicopter Market Forecast and Analysis
7.7. MILITARY AIRCRAFT
7.7.1. Overview
7.7.2. Military Aircraft Market Forecast and Analysis
8. AEROENGINE COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FAN BLADES
8.3.1. Overview
8.3.2. Fan Blades Market Forecast and Analysis
8.4. FAN CASE
8.4.1. Overview
8.4.2. Fan Case Market Forecast and Analysis
8.5. OUTLET GUIDE VANES
8.5.1. Overview
8.5.2. Outlet Guide Vanes Market Forecast and Analysis
8.6. SHROUDS
8.6.1. Overview
8.6.2. Shrouds Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. AEROENGINE COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - COMPOSITE TYPE
9.1. OVERVIEW
9.2. COMPOSITE TYPE MARKET FORECASTS AND ANALYSIS
9.3. POLYMER MATRIX COMPOSITES (PMC)
9.3.1. Overview
9.3.2. Polymer Matrix Composites (PMC) Market Forecast and Analysis
9.4. CERAMIC MATRIX COMPOSITES (CMC)
9.4.1. Overview
9.4.2. Ceramic Matrix Composites (CMC) Market Forecast and Analysis
9.5. METAL MATRIX COMPOSITES (MMC)
9.5.1. Overview
9.5.2. Metal Matrix Composites (MMC) Market Forecast and Analysis
10. AEROENGINE COMPOSITES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America AEROENGINE COMPOSITES MARKET Overview
10.1.2 North America AEROENGINE COMPOSITES MARKET Forecasts and Analysis
10.1.3 North America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Aircraft Type
10.1.4 North America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Application
10.1.5 North America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Composite Type
10.1.6 North America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Countries
10.1.6.1 United States AEROENGINE COMPOSITES MARKET
10.1.6.1.1 United States AEROENGINE COMPOSITES MARKET by Aircraft Type
10.1.6.1.2 United States AEROENGINE COMPOSITES MARKET by Application
10.1.6.1.3 United States AEROENGINE COMPOSITES MARKET by Composite Type
10.1.6.2 Canada AEROENGINE COMPOSITES MARKET
10.1.6.2.1 Canada AEROENGINE COMPOSITES MARKET by Aircraft Type
10.1.6.2.2 Canada AEROENGINE COMPOSITES MARKET by Application
10.1.6.2.3 Canada AEROENGINE COMPOSITES MARKET by Composite Type
10.1.6.3 Mexico AEROENGINE COMPOSITES MARKET
10.1.6.3.1 Mexico AEROENGINE COMPOSITES MARKET by Aircraft Type
10.1.6.3.2 Mexico AEROENGINE COMPOSITES MARKET by Application
10.1.6.3.3 Mexico AEROENGINE COMPOSITES MARKET by Composite Type
10.2. EUROPE
10.2.1 Europe AEROENGINE COMPOSITES MARKET Overview
10.2.2 Europe AEROENGINE COMPOSITES MARKET Forecasts and Analysis
10.2.3 Europe AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Aircraft Type
10.2.4 Europe AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Application
10.2.5 Europe AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Composite Type
10.2.6 Europe AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Countries
10.2.6.1 Germany AEROENGINE COMPOSITES MARKET
10.2.6.1.1 Germany AEROENGINE COMPOSITES MARKET by Aircraft Type
10.2.6.1.2 Germany AEROENGINE COMPOSITES MARKET by Application
10.2.6.1.3 Germany AEROENGINE COMPOSITES MARKET by Composite Type
10.2.6.2 France AEROENGINE COMPOSITES MARKET
10.2.6.2.1 France AEROENGINE COMPOSITES MARKET by Aircraft Type
10.2.6.2.2 France AEROENGINE COMPOSITES MARKET by Application
10.2.6.2.3 France AEROENGINE COMPOSITES MARKET by Composite Type
10.2.6.3 Italy AEROENGINE COMPOSITES MARKET
10.2.6.3.1 Italy AEROENGINE COMPOSITES MARKET by Aircraft Type
10.2.6.3.2 Italy AEROENGINE COMPOSITES MARKET by Application
10.2.6.3.3 Italy AEROENGINE COMPOSITES MARKET by Composite Type
10.2.6.4 United Kingdom AEROENGINE COMPOSITES MARKET
10.2.6.4.1 United Kingdom AEROENGINE COMPOSITES MARKET by Aircraft Type
10.2.6.4.2 United Kingdom AEROENGINE COMPOSITES MARKET by Application
10.2.6.4.3 United Kingdom AEROENGINE COMPOSITES MARKET by Composite Type
10.2.6.5 Russia AEROENGINE COMPOSITES MARKET
10.2.6.5.1 Russia AEROENGINE COMPOSITES MARKET by Aircraft Type
10.2.6.5.2 Russia AEROENGINE COMPOSITES MARKET by Application
10.2.6.5.3 Russia AEROENGINE COMPOSITES MARKET by Composite Type
10.2.6.6 Rest of Europe AEROENGINE COMPOSITES MARKET
10.2.6.6.1 Rest of Europe AEROENGINE COMPOSITES MARKET by Aircraft Type
10.2.6.6.2 Rest of Europe AEROENGINE COMPOSITES MARKET by Application
10.2.6.6.3 Rest of Europe AEROENGINE COMPOSITES MARKET by Composite Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific AEROENGINE COMPOSITES MARKET Overview
10.3.2 Asia-Pacific AEROENGINE COMPOSITES MARKET Forecasts and Analysis
10.3.3 Asia-Pacific AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Aircraft Type
10.3.4 Asia-Pacific AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Application
10.3.5 Asia-Pacific AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Composite Type
10.3.6 Asia-Pacific AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Countries
10.3.6.1 Australia AEROENGINE COMPOSITES MARKET
10.3.6.1.1 Australia AEROENGINE COMPOSITES MARKET by Aircraft Type
10.3.6.1.2 Australia AEROENGINE COMPOSITES MARKET by Application
10.3.6.1.3 Australia AEROENGINE COMPOSITES MARKET by Composite Type
10.3.6.2 China AEROENGINE COMPOSITES MARKET
10.3.6.2.1 China AEROENGINE COMPOSITES MARKET by Aircraft Type
10.3.6.2.2 China AEROENGINE COMPOSITES MARKET by Application
10.3.6.2.3 China AEROENGINE COMPOSITES MARKET by Composite Type
10.3.6.3 India AEROENGINE COMPOSITES MARKET
10.3.6.3.1 India AEROENGINE COMPOSITES MARKET by Aircraft Type
10.3.6.3.2 India AEROENGINE COMPOSITES MARKET by Application
10.3.6.3.3 India AEROENGINE COMPOSITES MARKET by Composite Type
10.3.6.4 Japan AEROENGINE COMPOSITES MARKET
10.3.6.4.1 Japan AEROENGINE COMPOSITES MARKET by Aircraft Type
10.3.6.4.2 Japan AEROENGINE COMPOSITES MARKET by Application
10.3.6.4.3 Japan AEROENGINE COMPOSITES MARKET by Composite Type
10.3.6.5 South Korea AEROENGINE COMPOSITES MARKET
10.3.6.5.1 South Korea AEROENGINE COMPOSITES MARKET by Aircraft Type
10.3.6.5.2 South Korea AEROENGINE COMPOSITES MARKET by Application
10.3.6.5.3 South Korea AEROENGINE COMPOSITES MARKET by Composite Type
10.3.6.6 Rest of Asia-Pacific AEROENGINE COMPOSITES MARKET
10.3.6.6.1 Rest of Asia-Pacific AEROENGINE COMPOSITES MARKET by Aircraft Type
10.3.6.6.2 Rest of Asia-Pacific AEROENGINE COMPOSITES MARKET by Application
10.3.6.6.3 Rest of Asia-Pacific AEROENGINE COMPOSITES MARKET by Composite Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa AEROENGINE COMPOSITES MARKET Overview
10.4.2 Middle East and Africa AEROENGINE COMPOSITES MARKET Forecasts and Analysis
10.4.3 Middle East and Africa AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Aircraft Type
10.4.4 Middle East and Africa AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Application
10.4.5 Middle East and Africa AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Composite Type
10.4.6 Middle East and Africa AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Countries
10.4.6.1 South Africa AEROENGINE COMPOSITES MARKET
10.4.6.1.1 South Africa AEROENGINE COMPOSITES MARKET by Aircraft Type
10.4.6.1.2 South Africa AEROENGINE COMPOSITES MARKET by Application
10.4.6.1.3 South Africa AEROENGINE COMPOSITES MARKET by Composite Type
10.4.6.2 Saudi Arabia AEROENGINE COMPOSITES MARKET
10.4.6.2.1 Saudi Arabia AEROENGINE COMPOSITES MARKET by Aircraft Type
10.4.6.2.2 Saudi Arabia AEROENGINE COMPOSITES MARKET by Application
10.4.6.2.3 Saudi Arabia AEROENGINE COMPOSITES MARKET by Composite Type
10.4.6.3 U.A.E AEROENGINE COMPOSITES MARKET
10.4.6.3.1 U.A.E AEROENGINE COMPOSITES MARKET by Aircraft Type
10.4.6.3.2 U.A.E AEROENGINE COMPOSITES MARKET by Application
10.4.6.3.3 U.A.E AEROENGINE COMPOSITES MARKET by Composite Type
10.4.6.4 Rest of Middle East and Africa AEROENGINE COMPOSITES MARKET
10.4.6.4.1 Rest of Middle East and Africa AEROENGINE COMPOSITES MARKET by Aircraft Type
10.4.6.4.2 Rest of Middle East and Africa AEROENGINE COMPOSITES MARKET by Application
10.4.6.4.3 Rest of Middle East and Africa AEROENGINE COMPOSITES MARKET by Composite Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America AEROENGINE COMPOSITES MARKET Overview
10.5.2 South and Central America AEROENGINE COMPOSITES MARKET Forecasts and Analysis
10.5.3 South and Central America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Aircraft Type
10.5.4 South and Central America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Application
10.5.5 South and Central America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Composite Type
10.5.6 South and Central America AEROENGINE COMPOSITES MARKET Forecasts and Analysis - By Countries
10.5.6.1 Brazil AEROENGINE COMPOSITES MARKET
10.5.6.1.1 Brazil AEROENGINE COMPOSITES MARKET by Aircraft Type
10.5.6.1.2 Brazil AEROENGINE COMPOSITES MARKET by Application
10.5.6.1.3 Brazil AEROENGINE COMPOSITES MARKET by Composite Type
10.5.6.2 Argentina AEROENGINE COMPOSITES MARKET
10.5.6.2.1 Argentina AEROENGINE COMPOSITES MARKET by Aircraft Type
10.5.6.2.2 Argentina AEROENGINE COMPOSITES MARKET by Application
10.5.6.2.3 Argentina AEROENGINE COMPOSITES MARKET by Composite Type
10.5.6.3 Rest of South and Central America AEROENGINE COMPOSITES MARKET
10.5.6.3.1 Rest of South and Central America AEROENGINE COMPOSITES MARKET by Aircraft Type
10.5.6.3.2 Rest of South and Central America AEROENGINE COMPOSITES MARKET by Application
10.5.6.3.3 Rest of South and Central America AEROENGINE COMPOSITES MARKET by Composite Type
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AEROENGINE COMPOSITES MARKET, KEY COMPANY PROFILES
12.1. ALBANY INTERNATIONAL CORP
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. FACC AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. GE
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GKN AEROSPACE (MELROSE INDUSTRIES)
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GODREJ GROUP
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HEXCEL CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MEGGITT PLC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SOLVAY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TRIUMPH GROUP INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZOLTEK CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1.Albany International Corp
2.FACC AG
3.GE
4.GKN Aerospace (Melrose Industries)
5.Godrej Group
6.Hexcel Corporation
7.Meggitt PLC.
8.Solvay
9.Triumph Group Inc.
10.ZOLTEK Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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