What is Global Aerospace & Defense Thermoplastic Composites Market?
The Global Aerospace & Defense Thermoplastic Composites Market is a vast and dynamic sector that deals with the production and distribution of thermoplastic composites specifically designed for aerospace and defense applications. These composites are made from thermoplastic resins, which are combined with reinforcement fibers to create materials that are lightweight, durable, and resistant to various environmental factors. The market is driven by the increasing demand for advanced materials in the aerospace and defense industries, which require materials that can withstand extreme conditions and provide superior performance. The market also benefits from the ongoing technological advancements in the field of thermoplastic composites, which are leading to the development of new and improved products.
Carbon Fiber Composites, Glass Fiber Composites in the Global Aerospace & Defense Thermoplastic Composites Market:
The Global Aerospace & Defense Thermoplastic Composites Market is segmented into various types, including Carbon Fiber Composites and Glass Fiber Composites. Carbon Fiber Composites are made by combining carbon fibers with a thermoplastic resin, resulting in a composite that is extremely strong, lightweight, and resistant to heat and corrosion. These composites are widely used in the aerospace industry for the manufacturing of aircraft structures and components. On the other hand, Glass Fiber Composites are made by combining glass fibers with a thermoplastic resin, resulting in a composite that is less expensive than carbon fiber composites, but still offers good strength and durability. These composites are commonly used in the defense industry for the production of various equipment and vehicles.
Exteriors, Interiors, Assembly Components, Others in the Global Aerospace & Defense Thermoplastic Composites Market:
The Global Aerospace & Defense Thermoplastic Composites Market finds its application in various areas such as Exteriors, Interiors, Assembly Components, and Others. In the Exteriors segment, these composites are used for the manufacturing of aircraft fuselage, wings, and tail assemblies, owing to their high strength-to-weight ratio and resistance to corrosion. In the Interiors segment, they are used for the production of cabin interiors, seating, and overhead storage compartments, due to their lightweight and aesthetic appeal. In the Assembly Components segment, these composites are used for the manufacturing of various assembly components such as brackets, fasteners, and connectors, due to their ease of fabrication and assembly. In the Others segment, these composites find their application in various other areas such as ground support equipment and tooling.
Global Aerospace & Defense Thermoplastic Composites Market Outlook:
The future outlook of the Global Aerospace & Defense Thermoplastic Composites Market appears promising. In 2023, the market was valued at a substantial US$ 3230 million. The market is projected to grow at a steady pace, with an expected value of US$ 4892.5 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for lightweight and durable materials in the aerospace and defense industries, along with the ongoing advancements in the field of thermoplastic composites.
| Report Metric | Details |
| Report Name | Aerospace & Defense Thermoplastic Composites Market |
| Accounted market size in 2023 | US$ 3230 million |
| Forecasted market size in 2030 | US$ 4892.5 million |
| CAGR | 6.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Daher-Socata, Premium AEROTEC GmbH, Dutch Thermoplastic Components B.V., GKN Aerospace (Fokker Aerostructures), AVANCO Group (Xperion Performance Polymer Composites) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
