DUBLIN--(BUSINESS WIRE)--The "Aircraft AFP/ATL Composites Market by Aircraft Type, by Application Type, by Fiber Type, by Automation Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global aircraft AFP/ATL composites market is projected to grow at an impressive rate over the next five years to reach US$ 4,005.1 million in 2024.
Increasing production rates of the next-generation composite-rich aircraft A350XWB, B787, and F-35; introduction of fuel-efficient variants of the best-selling aircraft with a greater composites content:, A320neo and B737 max; Increasing preference of AFP/ATL process for fabricating critical aerospace composite parts; superior benefits of AFP/ATL over the hand layup process; and rising demand for faster production of composite parts in order to produce a large number of aircraft to meet huge order backlogs are giving an impetus to the growth of AFP/ATL composites in the aerospace industry.
Airbus and Boeing, the two aircraft industry giants, are enjoying a huge order backlog of their major aircraft platforms. Boeing and Airbus had a combined order backlog of 13,379 commercial aircraft by August 2018. This huge pile of order backlogs will allow both the airframers to roll out their aircraft continuously for the next nine years at current build rates.
However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period. This is generating enormous pressure in the supply chain including tier players to develop parts swiftly in order to meet the expectation of OEMs.
Here, AFP/ATL proves to be a game-changing technology as it helps laying up prepregs at a very fast rate with excellent dimensional control; helping tier players to develop parts in stipulated time. It is being noted that all the major tier players have been switching towards AFP/ATL process.
Topics Covered
1. Executive Summary
2. Aircraft AFP/ATL Composites Market - Overview and Market Forces
3. Aircraft AFP/ATL Composites Market Analysis - By Aircraft Type
4. Aircraft AFP/ATL Composites Market Analysis - By Application Type
5. Aircraft AFP/ATL Composites Market Analysis - By Fiber Type
6. Aircraft AFP/ATL Composites Market Analysis - By Automation Type
7. Aircraft AFP/ATL Composites Market Analysis - By Region
8. Competitive Analysis
9. Strategic Growth Opportunities
10. Company Profiles of Key Players
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Airbus Group
- Bombardier Aerospace
- GKN Aerospace
- Kawasaki Heavy Industries
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Leonardo
- Mitsubishi Heavy Industries
- Premium Aerotech
- Spirit AeroSystems
- The Boeing Company
- Triumph Aerostructures
- UTC Aerospace System
For more information about this report visit https://www.researchandmarkets.com/research/ldl334/global_aircraft?w=4
