Dallas, TX –
February 14, 2011: According to
a new market study conducted by Lucintel, the huge
demand for new aircraft and high composites penetration
(upto 52% of structural weight) will drive significant
demand for composites in the aerospace market. The
report claims that the total demand for composites in
commercial aerospace, regional jets, defense, general
aviation, helicopter and other segments of
aerospace
market is expected to be worth $41.8 billion over the
next 10 years.
Lucintel, a leading global
management consulting
and
market research
firm, has analyzed the global aerospace composites
market to develop a comprehensive research report
entitled "Opportunities
for Composites in the Global Aerospace Market, 2011-2030".
As per the study, although composites
usage varies between aircraft types, the trend going
forward is greater use of composites in all the
aircraft. For the Boeing 787, composites are estimated
to comprise 50% of the total structural weight of the
aircraft, while the Airbus 380 has 22% of its total
structural weight comprised from composites. Though
aluminum is currently the predominant material used in
the overall aerospace industry, aerospace companies are
showing increased interest in composite materials
because of a desire for more fuel-efficient and
corrosive-resistant aircraft.
Lucintel’s analysis finds that the
wide body aircraft will contain more than double amount
of composites as compared to narrow body aircraft in
next 10 years. Lucintel assumes that narrow body
aircraft will carry approximately 35% composites of
their structural weight by 2018. The development of
narrow body aircraft is expected to start by 2013-2015
and production by 2018.
This Lucintel research report provides
insights regarding various aerospace markets, its
background and characteristics. The market is analyzed
both in terms of segments and regions. It details
manufacturing process analysis, evolution of composite
applications and their market. This report profiles the
leading players and their market share in detail. It
also addresses trends, forecasts, key drivers and
challenges in the aerospace market.
For a detailed table of contents and
pricing information on this timely and insightful
report, please contact Lucintel at +1-972-636-5056 or
via email at
helpdesk@lucintel.com.
Lucintel provides cutting edge decision support services
that help you make critical decisions with greater
speed, insight, and cost efficiency. To find out more,
please visit
http://www.lucintel.com.
Contact:
Roy Almaguer, +1-972-636-5056 or via email at
helpdesk@lucintel.com.