The global aerospace CMC industry is forecast to grow at a CAGR of 8.9% from 2016 to 2021. The major growth drivers of this market are increasing penetration of CMC in the future generation aircraft and spacecraft and its superior thermo-mechanical properties. CMCs have been developed to achieve a damage tolerant quasi-ductile fracture behavior and to maintain all other advantages of monolithic ceramics at high temperatures; and offer better performance than traditional inorganic fiber-polymer composites.
Emerging trends, which have a direct impact on the dynamics of aerospace CMC industry, include application of CMC materials in heating areas, usage of CMCs in aerospace industry to reduce NOx and CO2 emission, and usage of CMC to reduce operating cost.
A total of 38 figures / charts and 26 tables are provided in this 105-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
The study includes the aerospace CMC market size, and forecast for the global aerospace CMC market through 2021, segmented by CMC type, application type, and region as follows:
Aerospace CMC market by CMC type (Value $ Million from 2010 to 2021)
Oxide/Oxide SiC/SiC Carbon/Carbon & Others
Aerospace CMC market by application type (Value $ Million from 2010 to 2021)
Commercial Aircraft Defense Space
Aerospace CMC market by region (Value $ Million from 2010 to 2021)
North America Europe Rest of World (Including APAC)
Aerospace CMC companies profiled in this market report include 3M, GE Aviation, SGL Carbon SE, COI Ceramics Inc, and CoorsTek Inc. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel predicts that the demand for the SiC/SiC CMC is likely to experience the highest growth in the forecast period supported by its excellent mechanical properties, such as oxidation resistance, corrosion resistance, and low density even at high temperatures. Within the aerospace CMC market, commercial aircraft is expected to remain the largest market with the highest growth during forecast period due to increasing usage of CMC materials in commercial aircraft like A320Neo, B737Max, and C919 and aircraft brake disks.
By component, landing gear is expected to remain the largest market for CMC due to the usage of CMC in aircraft brakes. CMC consumption in aircraft engine is expected to witness the highest growth during the forecast period due to increasing usage of CMC in aero engines.
North America is expected to remain the largest as well as the highest growing region during the forecast period due to presence of major aircraft manufacturers, increasing penetration of CMC in aircraft, and usage of CMC in the hotter sections of engines. Recently, GE has started using CMC in shrouds of LeapX engine and Rolls-Royce has plans to use CMC in shrouds, combustor liner, airfoils in the upcoming engines.
Some of the features of “Growth Opportunities for Ceramics Matrix Composites in the Global Aerospace Industry 2016-2021: Trends, Forecast, and Market Analysis” include:
Market size estimates: Ceramics matrix composites in global aerospace industry size estimation in value ($M) shipment.Trend and forecast analysis: Ceramics matrix composites in global aerospace industry trend (2010-2015) and forecast (2016-2021) by region and segment.Segmentation analysis: Ceramics matrix composites in global aerospace industry size by various CMC material types such as oxide/oxide, SiC/SiC, C/C and others both in terms of value shipment.Regional analysis: Ceramics matrix composites in global aerospace industry breakdown by key regions such as North America, Europe, and Rest of World.Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of ceramics matrix composites products suppliers in global aerospace industry.Emerging applications: Emerging applications of ceramics matrix composites in global aerospace industry in various markets. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for ceramics matrix composites in the global aerospace industry by material type, components, applications and regions?
Q.2. Which product /segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of aerospace CMC market?
Q.5. What are the business risks and threats of this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in aerospace CMC market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10.How is the competitive rivalry and threat of substitution in aerospace CMC market?
Q.11.What are M&A activities in the last 5 years in this market? What reasons to these activities and how have they impacted the industry?