Lucintel Anticipates Composites in the Aerospace Industry to Reach an Estimated Value of $5.9 billion by 2033

Worldwide, September 15, 2014 (Newswire.com) - The composites market in global aerospace industry is expected to reach an estimated value of $5.9 billion by 2033 with total consumption of composite materials in is anticipated to grow to 133.8 million pounds. The major drivers are increasing demand for lightweight materials, high order backlog of aircraft deliveries, high penetration of composite materials in aircraft structures, and increasing production of various aircrafts. The APAC region is expected to be high demand region for aircraft and composite materials consumption.

Lucintel, a leading global management consulting and market research firm, has analyzed the consumption of composite materials in aerospace industry, and has come up with a comprehensive research report “Opportunities for Composites in Global Aerospace Market: 2014-2033.” This report provides an analysis of composites in the aerospace industry, including analysis of market trends, competitive landscapes, company profiles, emerging trends, and key drivers of industry growth. The study also includes composites in aerospace industry forecasts through 2033, segmented by regions as follows:

Composites in the global aerospace industry segmented by regions:

{C}·       {C}North America

{C}·       {C}Europe

{C}·       {C}APAC

{C}·       {C}Rest of the World

Composites in the global aerospace industry segmented by reinforcement type:

{C}·       {C}Aramid Composites

{C}·       {C}Glass Composites

{C}·       {C}Carbon Composites

{C}·       {C}Others

Composites in the global aerospace industry segmented by market type:

{C}·       {C}Commercial Jet

{C}·       {C}Regional Jet

{C}·       {C}General Aviation

{C}·       {C}Helicopter

{C}·       {C}Defense

{C}·       {C}Others

On the basis of its comprehensive research, Lucintel forecasts that composites in the global aerospace industry is expected to depict a high growth during 2014-2033. APAC will remain the largest region in terms of shipment of composite materials to the global aerospace industry during the forecast period. Boeing 787 uses composites approximately 50% of its total structural weight. Both Airbus A380 and 787 contain more than 100,000 pounds of composites per aircraft. Composites consumption in the commercial aerospace industry will be driven by three programs, Boeing 787, A350 XWB, and A380.

This report provides comprehensive overview on the advanced composite materials market in the aerospace industry along with a top-down view, starting from a useful characterization of the aerospace industry itself, with accurate breakdown in the main segments and sub-segments. This report also provides technical information regarding composites applications and processes used in the manufacturing of various aircraft components.

This 302-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, click on this link http://www.lucintel.com/ or contact Lucintel at +1-972-636-5056 or via email at [email protected]. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Market Entry Strategy, Due Diligence and Strategic Growth Consulting. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.