DUBLIN--(BUSINESS WIRE )--The "Aerospace and Defense Composites - Market and Technology Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
Composites are lightweight materials composed of materials with significantly different physical as well as chemical properties. They are typically composed of raw materials including a fiber and a matrix.
The growth of the overall composites vertical is supported by a requirement of decreased operational expenditure instated by OEMs. The use of lightweight materials decreases the thrust/ propulsion required in the case of various vehicles across platforms, thus reducing the fuel consumption. This in turn reduces the carbon emission hence complying by several environmental norms enforced to reduce carbon footprint.
The overall Aerospace and Defense Composites Market reached US$20.13 bn. The overall market is expected to grow with a CAGR of 8.06% between the period 2021-2029. The total market for Aerospace and Defense Composites is expected to attain a market value of US$46.47 bn.
The Global Aerospace and Defense Composites Market is segmented by Region, End-Users, Product, Application, Manufacturing, and Resin Type. In terms of regional landscaping, it is seen that North America accounts for roughly 40% of the overall market revenue generated, while APAC is seen to be the second-largest regional segment within the Aerospace and Defense Composites Market.
The overall market for the "Global Aerospace and Defense Composites-Market and Technology Forecast to 2029". The market is segmented by Region, Application, and Manufacturing. The overall market is expected to grow with a CAGR of 8.33% between 2021-2029.
This report is aimed at
This report has been segmented by Region, End-Users, Product, Application, Manufacturing, and Resin Type.
3 Application Based Technologies in the Aerospace and Defense Composites Market
4 Current Market Overview Aerospace and Defense Composites Market
5 Current Market Trends for the Aerospace and Defense Composites Market
6 Key Aircraft OEMs and Models that use Composites
7 Market Analysis and Forecast Factors
8 Forecast Aerospace and Defense Composites Market to 2029 by region
9 Forecast Aerospace and Defense Composites Market to 2029 by Application
10 Forecast Aerospace and Defense Composites Market to 2029 by Manufacturing
13 Leading Companies in the Global Aerospace and Defence Composites Market
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900