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Ceramic Matrix Composites Market in Aircraft Engines is Projected to Witness Double-Digit Growth Rate Over the Next Five Years, Says Stratview Research
This report, from Stratview Research, studies the CMCs market in the global aircraft engines industry over the period 2017 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Ceramic matrix composites market is one of the fastest-growing one in the global aviation industry. , driven by the development of CMC applications in the best-selling aircraft or their variants owing to its intrinsic advantages, such as temperature resistance up to 260°C higher than nickel alloys at just one-third weight. There would be continuous replacement of nickel alloys with CMCs in both low-pressure and high-pressure engine zones during the forecast period. Furthermore, increasing aircraft deliveries and demand for fuel-efficient aircraft would further propel the demand for CMC in aircraft engines.
. Development of CMC parts in 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 CMC parts in this segment.
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 static applications in their best-selling engines. We also expect a healthy surge in the demand for CMC parts in rotational components over the next five years.
Based on the application type, , driven by their usage in Leap engines. Leap engine is certified for B737 Max, A320neo, and C919 aircraft. CFM International, a JV between GE Aviation and Safran Aircraft Engines, delivered 459 Leap engines in 2017 and is projected to deliver in the range of 1,100-1,200 Leap engines in 2018. 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 including combustor liner, shrouds, blades, and nozzles, are projected to witness healthy growth rates during the forecast period.
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In terms of engine type, . CMCs are ideal materials as they offer a wide spectrum of advantages at high-pressure zones including a reliable performance at extreme temperatures up to 1,300°C, significant weight savings compared with the nearest rival nickel alloys, and no need for cooling air requirements.
As per the study, . This region has been investigating the potential of CMC in aircraft engines for the last two decades. Key CMC players worked with government institutions to make sure the commercial viability of CMCs in aircraft engines. The region also owns the presence of all the major CMC part manufacturers, such as GE Aviation. They are rolling out their dedicated CMC plants in North America to address the surging demand for CMCs.
. The top five players are GE Aviation, Pratt & Whitney, Composite Horizons, Safran Herakles, and COI Ceramics, Inc. They are expected to remain the dominant players during the forecast period as well. 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.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies CMCs market in the global aircraft engines industry and has segmented the market in eight ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the eight ways in which the market is segmented:
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