Lightweight, high durability, better vibration energy absorption, and excellent fatigue resistance are several benefits offered by Composite Suspension Components Market

The global automotive composite suspension components market is still at a nascent stage but possesses significant growth potential over the next five years to reach US$ 83.7 million in 2022. Organic growth of automobile production, growing preference for composite components in passenger and light commercial vehicles, development of new composite suspension applications, an advancement in the composites technology, and stringent government regulations regarding fuel efficiency and carbon emission reductions are the major growth drivers of the market.

Composite suspension components offer several benefits over steel components, such as lightweight, high durability, better vibration energy absorption, and excellent fatigue resistance. For example; composite leaf spring is up to five times more durable than that of a similar sized steel leaf springs at just 1/7th the weight.

The global automotive composite suspension components market is segmented based on component type as leaf spring, coil spring, suspension arm, stabilizer bar, and other components. Composite leaf springs are expected to remain the largest segment in the global automotive suspension components market during the forecast period. Composite leaf springs are mainly used in passenger cars and light commercial vehicles. Pickup, Van, and SUVs are the major vehicle types that are using composite leaf springs on either transversal or longitudinal position depending on requirements, vehicle design, etc. All major OEMs are evaluating the usage of composite leaf springs in their major Pickup, VAN, and SUV models.

Based on the vehicle type, the global automotive composite suspension components market is segmented as passenger car, light commercial vehicle (LCV), medium & heavy duty commercial vehicle (M&HCV), and others. LCV, currently, dominates the global automotive composite suspension components market because of higher usage of composite leaf springs in LCVs. The passenger car is projected to witness the highest growth during the forecast period, driven by an increasing usage of leaf springs and coil springs.

Based on regions, Europe is expected to remain the largest market for composite suspension components in the automotive industry over the next five years, driven by higher usage of composite leaf springs in LCVs. Asia-Pacific is a relatively small market but is expected to experience the highest growth during the same period.

The supply chain of this market comprises raw material suppliers, composite component manufacturers, OEMs, distributors, and end users. The global automotive composite suspension components market is highly consolidated with the presence of less than a dozen global players. The key composite component manufacturers for suspension system are Liteflex LLC, IFC Composite GmbH, Benteler-SGL, and Sogefi Group. New product development, capacity expansion, and process optimization are the key strategies adopted by the major players to gain a competitive edge in the market.

 

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Increase in the consumption of LPG in the developing economies elevate the demand for composite LPG cylinders Market.

The global composite LPG cylinders market is expected to grow at an impressive CAGR of 9.7% over the next five years to reach US$ 189.7 million in 2022. Increasing demand for lightweight, explosion proof and non-corrosive LPG cylinders and government push towards the usage of composite cylinders are some of the major drivers of the market. Increase in the consumption of LPG in the developing economies further elevate the demand for composite LPG cylinders over the next five years.

The global composite LPG cylinders market is segmented based on cylinder type as type III and type IV. Type IV is the most widely preferred cylinder type in the composite LPG cylinders market. It is expected to remain larger and faster-growing cylinder type during the forecast period. All the major composite LPG cylinder manufacturers have a presence in type IV tanks only. Type IV cylinder offers the maximum weight reduction and higher burst pressure as compared to type I and type III cylinders.

Based on the application type, the global composite LPG cylinders market is segmented as kitchen & domestic use, transportation, recreational use, and others. Kitchen & domestic use is expected to remain the largest and fastest-growing application type in the global composite LPG cylinders market during the forecast period. There is an increasing replacement of type I cylinders with type IV cylinders, owing to their advantages of lightweight and an excellent burst pressure. Additionally, piped natural gas in households is being replaced with composite LPG cylinders, owing to its limited reserves and high cost.

The supply chain of this market comprises raw material suppliers, composite LPG cylinder manufacturers, distributors, oil & gas companies, and end users. The key composite LPG cylinders manufacturers are Hexagon Composites ASA, Aburi Composites, Amtrol-Alfa, Time Technoplast Ltd., and Metal Mate Co., Ltd., and AL Aman Gas Cylinders Manufacturing LLC. Development of lightweight cylinders, capacity expansion, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.

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Zodiac AirCargo Equipment, Cargo Composites, Nordisk Aviation, VRR-Aviation, DokaSch GmbH, and Satco Inc. are key manufacturers in Air Cargo Containers Market

The global air cargo containers market is expected to grow at a healthy CAGR of 5.5% over the next five years (2017-2022) to reach US$ 304.6 million in 2022. Increasing cargo traffic (freight tonne kilometers) owing to growing e-commerce, pharmaceutical and electronic industries, development of lightweight and more durable containers, and an advancement in the container technology are some of the major drivers of the market. Increasing aircraft deliveries and higher demand for wide-body aircraft further elevate the demand for containers in the aviation industry.

The global air cargo containers market is segmented based on container type as LD-3, LD-6, LD-11, M-1, and other containers. LD-3 is the most widely preferred container type in both passenger and cargo aircraft. It is expected to remain the largest and fastest-growing container type during the forecast period. It is highly compatible with Boeing and Airbus wide-body aircraft, such as B747, B767, B777, B787, DC-10, MD-11, A330, A350XWB, and A380. It can also be interchangeably used by replacing other container types.

Based on the material type, the global air cargo containers market is segmented as composite containers, metal containers, and other containers. Metals are expected to remain the largest material type in the global air cargo containers market during the forecast period. The easy availability of metal containers, easy repairability, an excellent track record, and the lower cost are the major growth drivers of the metal-based air cargo containers market.

Composite-based containers segment is likely to witness the highest growth during the forecast period. The superior flame resistance, higher corrosion resistance, the higher strength-to-weight ratio at relatively low weight in comparison with metal-based containers are the major growth drivers of these versatile materials. Additionally, composite containers do not damage easily; thus, help ULD management companies and airlines to address the biggest challenge of reducing the container repair cost. Composites-based containers are about 20% to 40% lighter than that of aluminum-based containers.

Based on the application type, the global air cargo containers market is segmented as passenger aircraft and freighter aircraft. The passenger aircraft is expected to remain the largest and fastest-growing aircraft type in the global air cargo containers market during the forecast period. Increasing passenger and cargo traffic, the introduction of variants of existing aircraft programs (B737 Max, A320neo, and B777x), market entry of new aircraft programs (C919 and MC-21), and rising aircraft fleet size are driving the production of aircraft; therefore, the containers for it. Passenger aircraft usually uses its lower hold for carrying containers from one destination to another destination.

Based on the aircraft type, the global air cargo containers market is segmented as the narrow-body aircraft, wide-body aircraft, very large aircraft, and military aircraft. The wide-body aircraft is expected to remain the largest and fastest-growing aircraft type in the global air cargo containers market during the forecast period. A high number of containers per aircraft, increasing deliveries of wide-body aircraft, and increasing demand for wide-body aircraft by cargo airlines are some of the major growth drivers of the segment.

The supply chain of this market comprises raw material suppliers, panel manufacturers, container manufacturers, distributors, ULD management companies, and airline companies. The key air cargo container manufacturers are Zodiac AirCargo Equipment, Cargo Composites, Nordisk Aviation, VRR-Aviation, DokaSch GmbH, and Satco Inc. Development of lightweight containers, a partnership with ULD management companies, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.

 

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Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Woodward, Inc., GKN Plc, Honeywell International, Inc, Zodiac Aerospace, and Meggitt Plc are the key players in the aircraft fuel systems market

The global aircraft fuel systems market is projected to grow at a healthy CAGR of 5.8% over the next five years to reach US$ 6,583.4 million in 2022. Increasing aircraft deliveries fueled by rising passenger traffic, increasing demand for unmanned aerial vehicles, and rising global aircraft fleet size are the major growth drivers of the fuel systems market in the aviation industry.

Furthermore, airlines are demanding fuel-efficient aircraft to mitigate their operational cost as fuel roughly cost 30% of the airlines’ operational cost. Aircraft manufacturers are increasingly incorporating advanced lightweight materials in both structural and semi-structural components to reduce the weight of the aircraft. The reduction in the weight of aircraft considerably improves the fuel efficiency. For instance, B787 and A350XWB, the two recently developed next-generation aircraft, constitute composite materials up to 53% of the total structural weight of the aircraft. Fuel systems are also not untouched with such dynamics and experiencing greater usage of advanced lightweight materials.

The global aircraft fuel systems market is segmented based on aircraft type as commercial aircraft, military aircraft, and unmanned aerial vehicle. Commercial aircraft is expected to remain the largest market for aircraft fuel systems during the forecast period. Increasing commercial aircraft deliveries, higher demand for fuel-efficient aircraft, and rising aircraft fleet size are key growth drivers of the market. Airbus anticipated that approximately 34,900 commercial and regional aircraft will be delivered during 2017 to 2036. A320 family, B737, B787, and A350XWB would remain the growth engines of the market. UAV segment is also projected to witness the highest growth over the next five years.

The global aircraft fuel systems market is also segmented based on engine type as the jet engine, turboprop engine, helicopter engine, and UAV engine. The jet engine is expected to remain the growth engine of the global aircraft fuel systems market during the forecast period, driven by higher demand for commercial and regional aircraft.

North America is projected to remain the largest aircraft fuel systems market during the forecast period, driven the USA. The region is the manufacturing capital of the aerospace industry with the presence of large- to small-sized aircraft manufacturers, MRO players, tier players, and raw material suppliers. The North American aerospace industry is well-developed with good technological capabilities.

Asia-Pacific is the fastest-growing market for aircraft fuel systems during the same period, driven by high commercial aircraft fleet, indigenous production of commercial and regional aircraft the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus), and increasing defense budget. China and India are the key growth engines of the Asia-Pacific’s aircraft fuel systems market.

Eaton Corporation Plc, Parker Hannifin Corporation, United Technologies Corporation, Triumph Group, Woodward, Inc., GKN Plc, Honeywell International, Inc, Zodiac Aerospace, and Meggitt Plc are the key players in the aircraft fuel systems market. Long-term contracts, development of lightweight components, and collaboration with customers are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

 

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Development of new applications, long-term contracts, and collaboration with OEMs are the key strategies of Ceramic Matrix Composites (CMCs) Market in Aircraft Engines

The airlines’ dire need for fuel-efficient aircraft shows no signs of abating. As pressure for fuel-efficient aircraft continues to mount, ceramic matrix composites (CMCs) evolve, as they battle metals for high-pressure and low-pressure applications in aircraft engines. CMCs are as tough as metals, are just one-third the weight of nickel alloys and can operate at 1,300° Celsius. Ability to withstand extreme temperatures require less cooling air to be diverted from the thrust. As a result of that, engines run at higher thrust. Additionally, engines run hotter, combusting fuel more completely, reducing fuel consumption, and emitting fewer pollutants. The global ceramic matrix composites market is one of the fastest-growing markets in the aviation industry. The global ceramic matrix composites market in aircraft engines is projected to reach US$ 393.2 million in 2022, driven by the development of CMC applications in the best-selling aircraft or their variants owing to their intrinsic advantages, such as temperatures resistance up to 260°C higher than Nickel alloys at just one-third weight. There would be a continuous replacement of nickel alloys with CMCs in both low-pressure and high-pressure engine zones during the forecast period. Increasing aircraft deliveries and demand for fuel-efficient aircraft would further propel the demand for CMCs in aircraft engines.

The global ceramic matrix composites market in aircraft engines is segmented based on aircraft type as commercial aircraft, business jet, military aircraft, and helicopter. Commercial aircraft is forecasted to be the largest segment of CMCs market in aircraft engines over the next five years. Development of CMC parts in the variants of the best-selling aircraft programs, such as B737 Max and A320neo, is the key growth driver of the market. Additionally, upcoming variant B777x with five CMC applications in its GE9X engine is likely to further elevate the demand for CMCs in this segment.

The global ceramic matrix composites market in aircraft engines is also segmented based on component type as static components and rotational components. Most of the current CMC developments in aircraft engines are primarily for static components, such as shrouds and combustor liner. All the major engine manufacturers are trying hard for the development of CMC components in the static applications in their most-selling engines. We also expect a healthy surge in the demand for CMC parts from the rotational components over the next five years.

Based on the application type, shrouds are projected to remain the largest application of CMCs in aircraft engines, driven by their usage in the LEAP engines. LEAP engine is certified for the B737 Max, A320neo, and C919 aircraft. Furthermore, development of CMC-based shrouds in upcoming aircraft engines, such as GE9x, would further accelerate the demand over the next five years. All the major applications (combustor liner, shrouds, blades, and nozzles) are projected to witness healthy growth rates during the forecast period.

Based on engine zone type, high pressure would remain the hotspot for CMCs market in aircraft engines during the forecast period. CMC is an ideal material as it offers a wide spectrum of advantages at high-pressure zones including reliable performance at extreme temperatures up to 1,300°C, significant weight saving compared with nearest rival nickel alloys, and no need for cooling air requirements. This improves the engine thrust, reduces fuel consumption and emits fewer pollutions. It is also likely to remain one of the fastest-growing zones during the same period.

North America is projected to remain the largest CMC market in aircraft engines during the forecast period. The region has been investigating the potential of CMCs in aircraft engines since the last two decades. The key CMC players worked along with government institutions to be sure of the commercial viability of CMCs in aircraft engines. The region also owns presence of all the major CMC part manufacturers, such as GE Aviation. These players are also rolling out their dedicated CMC plants in North America to address the surging demand for CMCs in aircraft engines.

GE Aviation, COI Ceramics Inc., Composite Horizons LLC, Herakles (Safran Ceramics), Honeywell International Inc, IHI Corporation, Pratt & Whitney, and Rolls-Royce are the key manufacturers of CMC parts for aircraft engines. Development of new applications, long-term contracts, and collaboration with OEMs are the key strategies adopted by companies to gain a competitive advantage over others in the market.

 

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Asia-Pacific is expected to remain the largest automotive engine cover market of Automotive Engine Cover

The global automotive engine cover market was valued at US$ 1,077.7 million in 2016 and is likely to grow at a 3.2% CAGR over the next five years to reach US$ 1,292.5 million in 2022. The key growth factors driving the market are an organic growth in the automobile production owing to increasing disposable income and growing urbanization; an advancement in the engine cover technology; and increasing demand for lightweight engine covers driven by the stringent government regulations, such as CAFÉ Standards.

The global automotive engine cover market is segmented based on vehicle type as the passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle. The passenger car is expected to remain the largest and fastest-growing segment of the automotive engine cover market during the forecast period of 2017 to 2022. The higher production of passenger cars and rising demand for lightweight engine covers are driving the growth of the segment over the next five years.

Based on the material type, the global automotive engine cover market is segmented as composites, metals, thermoplastics, and others. Composites are projected to remain the most dominant material type in the automotive engine cover market over the next five years. This material is also likely to witness the highest growth during the same period. There has been a continuous shift from metals to composites because of their several advantages including lightweight, higher strength-to-weight ratio, higher heat resistance, and higher fatigue properties.

Based on the manufacturing process, the global automotive engine cover market is segmented as injection molding, casting, and others. Injection molding is estimated to remain the most dominant manufacturing process of the engine covers market in the automotive industry over the next five years. It is the most suitable process for manufacturing composites and thermoplastics-made engine covers. Injection molding process offers many benefits over competing processes, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, lightweight, and an excellent strength-to-weight ratio.

Based on the regions, Asia-Pacific is expected to remain the largest automotive engine cover market during the forecast period. The region is also expected to experience the highest growth during the same period. High automobile production, the introduction of stringent government regulations, and high focus on passenger safety and fuel efficiency are some of the major factors driving the demand for the engine cover in Asia-Pacific region. Europe is expected to remain the second largest automotive engine cover market during the same period.

The supply chain of this market comprises raw material suppliers, thermoplastic composite compounders, engine cover manufacturers, distributors, automotive OEMs, and dealers. The key automotive engine cover manufacturers are Magna International, Inc., MAHLE GmbH, Polytec Group, Miniature Precision Components, Inc., The Mondragón Cooperative Corporation (MCC), Montaplast GmbH, Rochling Group, and Toyoda Gosei Co., Ltd. Developing lightweight composite engine cover and forming long-term contracts with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.

 

 

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Advancement in the technology; increasing global aircraft fleet size; and growing awareness to improve passenger experience are the major growth drivers of the aerospace interior sandwich panel market.

The global aerospace interior sandwich panel market was valued at US$ 1,163.9 million in 2016 and is forecasted to grow at a healthy CAGR of 5.5% over the next five years to reach US$ 1,579.6 million in 2022. Healthy expected future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of the key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and C Series; upcoming commercial and regional aircraft, such as Comac C919 and Mitsubishi MRJ; rising requirement of lightweight and durable products in interior applications fueled by the introduction of stringent government regulations related to fuel consumption and emission reduction; advancement in the technology; increasing global aircraft fleet size; and growing awareness to improve passenger experience are the major growth drivers of the market.

The global aerospace interior sandwich panel market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, and general aviation. Narrow-body aircraft is expected to remain the largest segment of sandwich panel market in the aerospace interior applications during the forecast period of 2017 to 2022. Wide-body aircraft is likely to witness the highest growth during the same period, driven by an increasing demand for wide-body aircraft, such as B787 and A350XWB, in the developing economies, such as China and India. There is also a healthy demand for wide-body aircraft in the Middle-East region.

The global aerospace interior sandwich panel market is segmented based on core material type as nomex honeycomb, aluminum honeycomb, and others. Nomex honeycomb has been the perennial choice for a wide array of interior applications in the aerospace industry. All the major aircraft types including narrow-body and wide-body aircraft are heavily relying on this unique material. Nomex honeycomb offers large number of advantages over competing materials, such as lightweight, exceptional stiffness and strength, good corrosion resistance, good fire resistance, good thermal stability, and excellent dielectric properties.

The global aerospace interior sandwich panel market is segmented based on end-user type as OE and aftermarket. The OE is likely to remain the largest end user type during the forecast period, driven by an increasing demand for commercial and regional aircraft across the regions. Both OE and aftermarket segments are likely to witness healthy growth rates over the next five years.

Based on regions, North America is projected to remain the largest aerospace interior sandwich panel market during the forecast period. This region has been pioneer in the aerospace industry with the presence of several small to large OEMs. Most of the aircraft manufacturers have manufacturing and assembly plants located in North America. Additionally, all the major sandwich panel manufacturers have presence in the region to support OEMs for the development of advanced products meeting emerging requirements of airlines.

Asia-Pacific is expected to witness the highest growth during the forecast period. The largest commercial aircraft fleet size; the gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fueled by increasing passenger traffic will continue to drive the Asia-Pacific market in the coming years.

Zodiac Aerospace, The Gill Corporation, B/E Aerospace (now Rockwell Collins), Euro-Composites Corp., FACC AG, Jamco Corporation, and Triumph Composite Systems are some of the major players in the aerospace interior sandwich panel market. New product development, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.

 

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Aerospace & defense is expected to remain the largest end-use industry for composite vacuum consumables market

The global composite vacuum consumables market is expected to experience a healthy CAGR of 6.5% during the forecast period of 2016 to 2021. Increasing use of prepreg in the aerospace & defense and automotive industries, recovering marine market, and sustainable growth in the wind energy market are some of the major growth drivers of the global composite vacuum consumables market.

Vacuum consumables comprise vacuum bagging film, release film, peel ply, breather & bleeder, pressure sensitive tape, sealing tape, vacuum hose, and vacuum pump. Vacuum bagging film and release film are expected to remain the key vacuum consumable types over the next five years. Major composites part manufacturing processes, VARTM and prepreg lay-up, heavily rely on vacuum bagging films and release films during parts manufacturing.

There are many composite manufacturing processes where vacuum consumables play a crucial role, such as prepreg lay-up (autoclave and oven), vacuum assisted resin transfer molding (VARTM), wet lamination, and glass laminating. VARTM process is expected to remain the most dominant application of composite vacuum consumables over the next five years. VARTM is a process of choice for fabricating large-sized components with complex structure. The process is widely preferred in the wind energy market for manufacturing longer wind turbine blades and in the marine industry for manufacturing boat’s composite hulls and decks. It is also preferred in the automotive industry for manufacturing composite structural parts.

Aerospace & defense is expected to remain the largest end-use industry for composite vacuum consumables during the forecast period. High use of prepreg lay-up process for manufacturing structural composite components is the prime driver of vacuum consumables in the industry. Next generation aircraft, such as B787 and A350XWB have about 50% composites in the total structural weight of the aircraft, in which majority is manufactured through prepreg material.

Automotive industry is expected to experience the highest growth during the forecast period. Stringent government regulations are forcing auto OEMs to incorporate advanced lightweight materials in the structural areas of an automobile. This trend is driving composites penetration, especially in electric and premium vehicles to enhance fuel efficiency and to achieve regulations, such as CAFÉ standards.

North America is expected to remain the largest market for composite vacuum consumables during the forecast period. The region is the world’s capital of composites manufacturing with presence of many big and small composite part molders. It is the largest composites market for aerospace & defense, transportation, and marine industries and is also one of the leading wind composites market. All these four markets will continue to generate a healthy demand for vacuum consumables in the North American region.

Asia-Pacific is expected to be the fastest growing market for composite vacuum consumables in the same period. High growth of composites and upcoming indigenous commercial and regional aircraft are some of the key reasons behind the massive growth in the Asia-Pacific’s market. China, Japan, and India are expected to remain the growth engines of the Asia-Pacific’s composite vacuum consumables market.

The supply chain of the market comprises raw material suppliers, film suppliers, vacuum consumable manufacturers, distributors, part molders, OEMs, and end users. The market for global composite vacuum consumables is highly consolidated with key global manufacturers, Airtech International and Solvay S.A. (Umeco Plc), capturing majority of the market. New product development, regional expansion and long term relationship with prepreg manufacturers are some of the key strategies adopted by major players to gain competitive edge in the market.

 

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Upcoming commercial and regional aircraft are the major growth drivers of the aerospace floor panel market

The global aerospace floor panel market was valued at US$ 340.4 million in 2016 and is forecasted to grow at a healthy CAGR of 5.8% over the next five years to reach US$ 468.8 million in 2022. Healthy expected future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and C Series; Upcoming commercial and regional aircraft, such as Comac C919 and Mitsubishi MRJ; requirement of lightweight aircraft flooring, advancement in flooring technology; and increasing global aircraft fleet size are the major growth drivers of the market. The global aerospace floor panel market is firstly segmented based on aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation. Narrow body aircraft is expected to remain the largest segment for global aerospace floor panel market during the forecast period of 2017 to 2022. Wide-body aircraft is likely to witness the highest growth in the same period, driven by an increasing demand for wide-body aircraft, such as B787 and A350XWB in developing economies, such as China and India. There is also a healthy demand for wide-body aircraft in the Middle-East region.

The global aerospace floor panel market is secondly segmented based on core material type as Nomex Honeycomb, Aluminum Honeycomb, and Others. Nomex honeycomb has been the growing choice for a wide range of applications throughout the aerospace industry including floor panels. All major aircraft type including narrow-body and wide-body aircraft are heavily relying on this unique material. Nomex honeycomb offers enormous advantages over competing materials, such as lightweight, exceptional stiffness and strength, good corrosion resistance, good fire resistance, good thermal stability, and excellent dielectric properties.

The global aerospace floor panel market is thirdly segmented based on end-user type as OEM and aftermarket. OEM is likely to remain the largest end-user type during the forecast period, driven by an increasing demand for commercial and regional aircraft across regions. Both OEMs and aftermarket segments are likely to witness healthy growth rates over the next five years.

The global aerospace floor panel market is finally segmented based on region as North America, Europe, Asia-Pacific, and Rest of the World. North America is projected to remain the largest aerospace floor panel market during the forecast period. This region has been the pioneer in the aerospace & defense industry and is the manufacturing capital with the presence of small to large OEMs in each aircraft category. Most of the players have manufacturing and assembly plants in North America. Additionally, all major floor panel manufacturers for aerospace industry are located in the region to support OEMs for the development of advanced products meeting airline requirements.

Asia-Pacific is expected to witness the highest growth in the same period. Largest commercial aircraft fleet size; gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic will continue to drive the Asia-Pacific market in coming years.

Some of the major companies in the aerospace floor panel market are The Gill Corporation, Triumph Group, B E Aerospace (now Rockwell Collins), EnCore Group, and Zodiac Aerospace. New product development, adoption of advanced lightweight materials, and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors. 

 

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Increasing vehicle production is the prime driver of automotive headlamp reflector market

 

The global automotive headlamp reflector market offers healthy growth opportunity and is likely to grow at 3.4% CAGR during the forecast period of 2016 to 2021. Organic growth of the global automotive production owning to increasing disposable income and growing urbanization is the major growth driver of the global automotive headlamp reflector market. The increasing demand of LED based lighting system and materials advancement are other additional growth drivers of the market.

The global automotive headlamp reflector market is segmented into three categories; Passenger cars, light commercial vehicles and medium & heavy duty commercial vehicles. Passenger car is expected to remain the growth engine of the global automotive headlamp reflector market during the forecast period. Higher vehicle production and incorporation of advanced materials are the major drivers of the segment in the next five years.

The demand of headlamp reflector in LED lighting is expected to experience the fastest growth during the forecast period. The growth is mainly attributed to the shift from halogen lighting to LED lighting due to several benefits offered by LED over halogen, such as high energy efficiency, long life, lightweight, and focused brightness and faster illumination. LED lighting is likely to gain high acceptance in middle to premium segment vehicles and electric vehicles.

Bulk Molding Compounds (BMC) based composites are most widely used in the global automotive headlamp reflector market. It offers many benefits over competing materials, such as ability to manufacture complex and sharp curves, high gloss surface finish, excellent strength to weight ratio, lightweight, and excellent temperature resistance.

Injection molding process is likely to remain the most dominant process in the global automotive headlamp reflector market over the next five years. Auto industry looks for those manufacturing process that has ability to fabricate a final part in merely one to two minutes. Injection molding process is ideal for the mass production of small to medium sized complex and sharp parts. Both major materials type; composites and pure thermoplastics heavily rely on the injection molding process.

Asia-Pacific is expected to remain the largest headlamp reflector market during the forecast period. The region is also expected to experience the fastest growth in the next five years, driven by mainly China and India. The market dynamics of headlamp reflector in the Asia-Pacific region are broadly classified into two markets. The first is the matured automotive market, such as Japan and South Korea where demand of headlamp reflector has been decreasing due to shift of automotive production to the developing economies. The second is developing economies, such as China and India where the headlamp reflector demand are continuously increasing with the increasing automotive production.

The supply chain of this market comprises raw material suppliers, compounders, reflector manufacturers, original component manufacturers, distributors, automotive OEMs, and dealers. The key automotive headlamp reflector manufacturers are Koito Manufacturing Co. Ltd, Valeo S.A., Magneti Marelli, Hella KGaA Hueck & Co., and Stanley Electric Co. Ltd. Lightweight product and Strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market. 

 

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E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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