Market Revenue Aerospace Composites Market Specifications | Seite 2

With abundant availability and technological advancements of composites, it is now possible to manufacture
light weight air craft components on a mass scale leading to improved fuel efficiency. Composites also provide
added advantage of ease of design and production over their metal counterparts.
Aerospace composites are highly cost effective on account of parts integration, reduced manufacturing and
assembly time and consequent labour expenses, making significant number of drag inducing fasteners
redundant. Maintenance frequency is reduced as composites are corrosion free, better strength retention and
improved power to mass ratio leading to reduced operating costs, improved operating efficiency and
performance.
Factors restraining the growth of composites are regulatory rules by Environmental Protection Agencies (EPA)
and ACARE (Advisory Council for aircraft and Innovation and Research in Europe). Specifications regarding the
smoke emitted during production, toxicity of the chemicals involved and fire resistance levels of these
components are tested for compliance. Also the pricing of the materials is high currently as the technology is in
a development phase. The recyclability is low in these substances which may hinder the upward trend in the
near future.
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The market is characterized by dominance of few companies, which raises entry barriers for Tier 1 and tier 2
companies. Component manufacturers have to continually invest in increased productivity with challenges due
to dynamic technology modifications. The industry is highly fluctuating and future predictions are uncertain
because highly competitive landscape in the airlines industry with ongoing steep price wars.
Aerospace composites industry presents opportunities owing to continuous technological advancements in
component and structural application in materials as well as mainframe. Businesses are increasingly outsourced
to Tier 1 and 2 manufacturing partners that possess specialised skills in cost effective manufacturing, these
companies have in place advanced manufacturing processes such as tape laying, infusion moulding and fibre
placement. Secondary structures and flight control surfaces production is also being outsourced throughout the
industry and provide numerous opportunities.
The market can be segmented according to product into fiber reinforced composites, carbon fiber reinforced
composites, aramid composites ,ceramic matrix and metal matrix composites .Glass fiber enforced composites
are expected to generate high demand owing to characters such as light weight, increased fuel efficiency, high
corrosion resistance and short maintenance cycles.