Transparency Market Research
Aerospace Ceramic Matrix Composites Market: Introduction
Demand for ceramic matrix composites (CMCs) is increasing due to their characteristics such as high temperature resistance and high mechanical strength. Ceramic matrix composites are composed of a ceramic fiber embedded in a ceramic matrix to produce a finished aerospace ceramic matrix composites part. These are sought after for applications with high thermal structural requirements. Recent advancements and developments in composite technology utilize fiber reinforced ceramic matrix composites that have tremendous positive effect on aviation. Aerospace ceramic matrix composites help meet demand for greater fuel efficiency in aviation propulsion.
Aerospace Ceramic Matrix Composites Market: Overview
Fiber reinforced ceramic matrix composites are advanced materials that are resistant to fatigue and corrosion and are lightweight in nature. Ceramic matrix composite provides high strength-to-weight & stiffness-to-weight ratios. This has resulted in shift of aerospace engineers and aircraft designers to ceramic matrix composite materials from other composite materials to make aircrafts much stronger, lighter and more fuel efficient.
Based on matrix, the aerospace polymer composites market is divided into carbon, silica carbide, alumina, and others. In terms of end-use, the aerospace ceramic matrix composites market is classified into aero-entry systems, ultrahigh temperature ceramic components, propulsion subsystems, high-temperature radiators, and others. Based on aircraft type, the aerospace ceramic matrix composites market includes general aviation, defense aircraft, space, and helicopters etc.
Aerospace Ceramic Matrix Composites Market: Market Trends & Developments
Recent advancements in ceramic matrix composites research to manufacture & design high performance aerospace ceramic matrix composites have helped overcome challenges presented by the complex designs of modern aircraft gas turbine engine systems. It is observed that large scale utilization of advanced ceramic matrix composites in R&D activities by major OEMs. Many OEMs have increase in funding by the governments to develop military fighter aircraft, general aviation, helicopters, satellites, launch vehicles, and missiles all around the world. This emphasizes the fact that growing potential of ceramic matrix composite materials for gas turbine engines and other aero-entry structural usage in aerospace industry. Domestic and international companies and federal governments are increasing investments in technology to manufacture aerospace ceramic matrix composites in the U.S and other countries. Industry leaders have announced significant investments in construction of new manufacturing facilities, employment, and purchase of capital equipment to ease aerospace ceramic matrix composites transition from R&D stage into commercial gas turbine engines. For example, in 2017, General Electric created jobs at a retooled facility in North Carolina in the U.S to produce aerospace ceramic matrix composites components for its new LEAP gas turbine engine. In the same year, the company had orders for more than 6,000 units.
Aerospace Ceramic Matrix Composites Market: Regional Outlook
In terms of region, North America holds a large share of the global aerospace ceramic matrix composites market as it covers major aircraft fleet such as AIRBUS, Boeing, and Lockheed Martin across the globe. Rise in the number of fleet is projected to increase consumption of aerospace ceramic matrix composites. Asia Pacific and Europe hold large share of this market. Aerospace ceramic matrix composites market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to the expansion of aerospace industry in this region and increase in demand for manufacturing different types of aircraft in countries such as Indian and China. Markets in other regions such as Latin America and Middle East & Africa are estimated to account for smaller share of the global aerospace ceramic matrix composites market.
Aerospace Ceramic Matrix Composites Market: Key Players
The key players in global aerospace ceramic matrix composites market include, AIRBUS, BOEING, Hexcel Corporation, ATC Aerospace, and General Electrical
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.