Global Market Insights added a report on global Aircraft Composite Enclosures Market that provide in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.
Based on aircraft, the aircraft composite enclosures marketplace is classified into military aircraft, commercial aviation, business aviation, and regional jets. Proliferating military expenditure along with advancements in aircraft technologies is playing a significant role in boosting the aircraft composite enclosure market share over the forecast period. Military aircraft system designers are continuously engaged in offering powerful, rugged, and shielded enclosures for mitigating radio frequency interference from external electric equipment, thereby delivering maximum performance along with multifunctional features.
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The usage of lightweight composites for manufacturing aircraft components contributes significantly toward lowering the overall aircraft weight, thereby increasing the aircraft fuel efficiency considerably. Further, advancements in aircraft propulsion systems with improved power to weight ratio will positively influence the aircraft composite enclosures market growth till 2024.
Aircraft Composite Enclosures Market is anticipated to grow exponentially over the forecast timeframe as increasing focus on efficiency and safety in the aerospace industry is promulgating the selection of composite materials for enclosures. The rising prominence of air transportation owing to rapid globalization and changing preferences for travelers along with low-cost airfares is providing a positive outlook for the industry growth. Stringent environmental regulation associated with carbon emissions is further enabling industry participants to opt for composite materials in aerospace applications.
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Aircraft designers are engaged in innovative designing techniques with the usage of lightweight and flexible materials that offer significant impact resistance. The integration of advanced components with multifunctional features provides potential opportunities for aerospace components growth. Easier integration of electrical & mechanical systems along with superior weight-bearing capabilities will play a significant role in the growth of the aircraft composite enclosures market share till 2024.
Based on fiber, the aircraft composite enclosures market share is categorized into glass fiber composites and carbon fiber composites. The benefits offered by the glass fiber composites are lower cost, improved corrosion resistance, and lower weight compared to its counterparts, supporting the segment growth over the study timeframe.
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North America will account for the majority share in the aircraft composite enclosures marketplace. This dominance is credited to the presence of major players across the region focusing on manufacturing advanced aircraft targeting diversified sectors, thereby supporting the regional growth. An increasing network of flights to major tourist locations is further strengthening the industry share till 2024.
The capability of composite enclosures to provide mechanical and electrical benefits of metal in conjunction with the additional features, such as corrosion resistance, lower costs, and overall weight reduction, is prompting the aircraft composite enclosures growth over the forecast period. The compatibility of composite materials with carbon structures and improved galvanic properties offers superior strength in diversified chemical environments at extreme temperatures. Further, the improved galvanic properties support its increased adoption over the forecast period.
Few players in the aircraft composite enclosures market place include TE Connectivity, Automated Dynamics, AIM Aerospace, Carlisle Interconnect Technologies, and Connective Design, Inc. Strategic acquisitions and mergers are among the prominent strategies adopted by the industry participants for increasing their market share. For instance, in June 2018, Carlisle Interconnect Technologies acquired Tenencia Aerospace Design for strengthening its capabilities with design certifications of commercials aircraft and production requirements.
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