Aerospace Composites Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025

Description

The Global Aerospace Composites Market reached USD 29.4 billion in 2024 and is projected to expand at a CAGR of 12.8% between 2025 and 2034, driven by the increasing demand for advanced materials that enhance aircraft performance while reducing weight. As airlines and defense contractors seek more fuel-efficient solutions, aerospace manufacturers are integrating lightweight composites into aircraft designs. These materials help improve fuel economy, extend component lifespans, and ensure compliance with stringent environmental regulations. The industry is witnessing rapid innovation, with researchers developing next-generation composites that offer superior durability, thermal stability, and impact resistance. The rising focus on sustainability is also shaping market trends, pushing companies to explore recyclable and eco-friendly composites. As global air travel demand increases and defense agencies invest in next-gen aircraft, the need for high-performance materials continues to grow, positioning the aerospace composites industry for substantial expansion over the next decade.

The market is categorized by fiber type, with carbon fiber, glass fiber, and ceramic fiber leading the segment. Carbon fiber dominates the sector, holding a 68% share in 2024. This material remains the preferred choice due to its unmatched strength-to-weight ratio, making it ideal for aircraft wings, fuselages, and structural reinforcements. As airlines prioritize efficiency and aircraft manufacturers push for lighter, stronger designs, the adoption of carbon fiber composites is expected to accelerate. This trend is further supported by technological advancements in carbon fiber production, making it more cost-effective and accessible for aerospace applications.

Market Scope
Start Year	2024
Forecast Year	2025-2034
Start Value	$29.4 Billion
Forecast Value	$96.6 Billion
CAGR	12.8%

The industry is also segmented by matrix type, with polymer, ceramic, and metal matrices playing a critical role in composite performance. The ceramic matrix composite (CMC) segment is poised for the fastest growth, with a projected CAGR of 14% through 2034. These materials excel in high-temperature environments, making them essential for jet engines, exhaust systems, and other heat-sensitive components. With growing investments in hypersonic aircraft, military jets, and space exploration technologies, the demand for CMCs continues to rise. Manufacturers are actively developing next-generation CMCs that offer improved thermal resistance and mechanical strength, ensuring optimal performance under extreme conditions.

North America is set to remain the dominant force in the aerospace composites market, generating USD 37 billion by 2034. The region's growth is fueled by continuous military modernization efforts and increasing defense expenditures. With a strong emphasis on next-generation fighter jets, unmanned aerial vehicles (UAVs), and space exploration programs, the demand for advanced composites remains robust. The aerospace sector's drive toward innovation, coupled with a highly developed manufacturing ecosystem, cements North America's leadership in this market. As defense and commercial aviation continue to evolve, the region's investment in high-performance composites is expected to propel industry growth for years to come.

Product Code: 1358

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2034

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Robust demand for high strength and lightweight composite materials
  - 3.6.1.2 Continuous innovations in composite materials, such as carbon fiber and thermoplastic composites
  - 3.6.1.3 Growing use of 3D printing and additive manufacturing technologies
  - 3.6.1.4 Rapid growth in air travel, particularly in emerging markets, and the modernization of military fleets
  - 3.6.1.5 Growing trend of using composites in aircraft interiors for applications
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 High material and manufacturing costs
  - 3.6.2.2 Integration with traditional materials
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Fiber Type, 2021-2034 (USD Million & Tons)

5.1 Key trends
5.2 Glass fiber
5.3 Carbon fiber
5.4 Ceramic fiber
5.5 Others

Chapter 6 Market Estimates & Forecast, By Matrix, 2021-2034 (USD Million & Tons)

6.1 Key trends
6.2 Polymer matrix
- 6.2.1 Thermoset polymer matrix
  - 6.2.1.1 Epoxy
  - 6.2.1.2 Phenolic
  - 6.2.1.3 Polyamide
  - 6.2.1.4 Others
- 6.2.2 Thermoplastic polymer matrix
  - 6.2.2.1 Polyether Ether Ketone (PEEK)
  - 6.2.2.2 Polysulfone (PSU)
  - 6.2.2.3 Polyetherimide (PEI)
  - 6.2.2.4 Others
6.3 Ceramic matrix
6.4 Metal matrix

Chapter 7 Market Estimates & Forecast, By Aircraft Type, 2021-2034 (USD Million & Tons)

7.1 Key trends
7.2 Commercial
- 7.2.1 Narrow-Body
- 7.2.2 Wide-Body
- 7.2.3 Business Jet
- 7.2.4 Turboprop
7.3 Military & defense aircraft
7.4 Others

Chapter 8 Market Estimates & Forecast, By Application, 2021-2034 (USD Million & Tons)

8.1 Key trends
8.2 Exterior
- 8.2.1 Fuselage
- 8.2.2 Engine
- 8.2.3 Wings
- 8.2.4 Rotor blades
- 8.2.5 Tail boom
8.3 Interior
- 8.3.1 Seats
- 8.3.2 Cabin
- 8.3.3 Sandwich panels
- 8.3.4 Environmental Control System (ECS) Ducting

Chapter 9 Market Estimates & Forecast, By Region, 2021-2034 (USD Million & Tons)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 Absolute Composites
10.2 Aernnova Aerospace
10.3 Avior Integrated Products
10.4 Collins Aerospace
10.5 FDC Composites
10.6 General Dynamics
10.7 Hexcel
10.8 Lee Aerospace
10.9 Materion
10.10 Mitsubishi Chemical
10.11 SGL Carbon
10.12 Solvay
10.13 Spirit Aerosystems
10.14 Teijin
10.15 Toray

Aerospace Composites Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034