How big is the Aeroengine Composites Market?

The Aeroengine Composites Market size is expected to reach USD 3.39 billion in 2024 and grow at a CAGR of 11.02% to reach USD 5.72 billion by 2029. Read More

What is the current Aeroengine Composites Market size?

In 2024, the Aeroengine Composites Market size is expected to reach USD 3.39 billion. Read More

Who are the key players in Aeroengine Composites Market?

Safran SA, Meggitt PLC, Hexcel Corporation, GE Aviation and Solvay SA are the major companies operating in the Aeroengine Composites Market. Read More

Which is the fastest growing region in Aeroengine Composites Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aeroengine Composites Market?

In 2024, the North America accounts for the largest market share in Aeroengine Composites Market. Read More

What years does this Aeroengine Composites Market cover, and what was the market size in 2023?

In 2023, the Aeroengine Composites Market size was estimated at USD 3.05 billion. The report covers the Aeroengine Composites Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aeroengine Composites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aeroengine Composites Market - Growth, Size & Analysis

Aeroengine Composites Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Aeroengine Composites Market Analysis and it is segmented by Application (Commercial Aircraft, Military Aircraft, and General Aviation Aircraft), Component (Fan Blades, Fan Case, Guide Vanes, Shrouds, and Other Components), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The market size and forecasts for all the above segments are provided in terms of value (USD billion).

Aeroengine Composites Industry Overview

GE Aviation, Safran SA, Solvay SA, Meggitt PLC, and Hexcel Corporation are some of the prominent players in the market. Among the engine manufacturers, Safran and GE Aviation generate the highest demand for the aero-engine composites, whereas other manufacturers like Rolls-Royce PLC and Pratt & Whitney (Raytheon Technologies Corporation) are expected to increase the volume of composite usage in their engine models in the years to come. Over the years, engine manufacturers have developed significant in-house composite manufacturing capacities. For instance, GE Aviation has its own composites manufacturing facilities and various joint ventures (like Nexcelle with Safran SA). This trend may affect the market revenues of the composite suppliers for the engine OEMs. The usage of composites is increasing in aircraft.

The increase in the overall engine production rates means that the forecast period is showing considerable growth impetus for the aeroengine composite part manufacturers and their respective supply chains. Simultaneously, material suppliers will need to expand their raw materials output to stay in the competition, which is currently higher than ever before. The development of composites that can sustain high temperatures in the engine core will play a key role in the forecast period. Any improvement in this direction will greatly benefit composite manufacturers.