Global Aerogel Blanket Market 2019-2023 | 19% CAGR Projection Through 2023 | Technavio

LONDON--()--The global aerogel blanket market is expected to post a CAGR of almost 19% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Aerogel blankets are lightweight and exhibit high thermal efficiency, flexibility, and sound and shock absorption characteristics. For example, the National Aeronautics and Space Administration (NASA) uses aerogel blanket systems in a wide range of applications such as space shuttle upgrades, launch vehicle insulation, interplanetary propulsion, and life support apparel. These properties are leading to increasing applications in the aerospace industry for both commercial and high-end aerospace applications, leading to the growth of the global aerogel blanket market.

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As per Technavio, the growing demand for aerogel blankets in LMVs will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Global Aerogel Blanket Market: Growing Demand for Aerogel Blankets in LMVs

LMV manufacturers are replacing conventional engine insulation materials with aerogel blankets. The use of aerogel blankets provides excellent thermal insulation for vital components such as batteries, starters, electronic engine management controls, spark plug boots, and sensors in LMVs. This trend is expected to boost the growth of the global aerogel blankets market during the forecast period.

“Popularity of aerogel insulated apparel and the rising adoption of flexible aerogel blankets in cryogenics will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Aerogel Blanket Market: Segmentation Analysis

This market report segments the global aerogel blanket market by end-users (energy, construction, aerospace, automotive, marine, and others) and geography (the Americas, APAC, and EMEA).

The Americas region led the market in 2018, followed by APAC and EMEA, respectively. During the forecast period, the Americas region is expected to maintain its dominance over the market. This is due to the growing demand for aerogel blankets for thermal insulation in the energy and construction sectors in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/

Release Summary

The global aerogel blanket market is expected to post a CAGR of almost 19% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/