Aerospace Composites Market Research Report By Application (Aircraft Structures, Interior Components, Propulsion Systems, Cargo Compartment), By Material Type (Carbon Fiber Composites, Glass Fiber Composites, Aramid Fiber Composites, Thermoplastic Composites), By Manufacturing Process (Prepreg Layup, Resin Transfer Molding, Out-of-Autoclave Processes, Filament Winding), By End-use (Commercial Aviation, Military Aviation, General Aviation), and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)-Forecast

Global Aerospace Composites Market Overview

As per MRFR analysis, the Aerospace Composites Market Size was estimated at 27.6 (USD Billion) in 2023. The Aerospace Composites Market is expected to grow from 28.59 (USD Billion) in 2024 to 42 (USD Billion) by 2035. The Aerospace Composites Market CAGR (growth rate) is expected to be around 3.56% during the forecast period (2025 - 2035).

Key Aerospace Composites Market Trends Highlighted

Significant changes are now being seen in the Aerospace Composites Market. These trends are being driven by breakthroughs in material science as well as a rising need for aircraft that are both lightweight and fuel inefficient. One of the most important factors driving the market is the pressing requirement to cut carbon emissions and improve operational efficiency in the airline industry.

More stringent environmental rules are being implemented by governments all over the world, and they are also pushing the use of sustainable materials. This is leading to an increase in the utilization of composite materials in aerospace applications.

One of the opportunities that should be investigated is the possibility of increasing the uses of composites in emerging economies, which are now working to modernize their aviation industries. The proliferation of hybrid and electric aircraft is providing further impetus to the demand for lightweight materials, which in turn is encouraging innovation in composite technologies.

In recent years, there has been a discernible movement toward the incorporation of modern manufacturing technologies, such as 3D printing, which enables composite fabrication to produce designs that are more intricate while also reducing the amount of waste produced.

In addition, the aerospace sector is undergoing a transition toward digitization, with companies and organizations utilizing data analytics in order to enhance supply chain management and optimize manufacturing processes.

This trend not only lowers prices but also improves the effectiveness of the utilization of composite materials in aeronautical applications. To further stress the rising significance of composites, the continuous recovery of the global aviation sector following the pandemic and the increased focus on the design of aircraft for the future generation are also factors.

As the aircraft industry continues to develop, it is anticipated that collaboration between material makers and aerospace firms will lead to the discovery of new applications and an improvement in the performance of aerospace composites. This will ensure that the market will continue to see dynamic growth trends on a worldwide scale.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aerospace Composites Market Drivers

Increasing Demand for Lightweight Materials

The Aerospace Composites Market is experiencing a surge due to the increasing demand for lightweight materials in aviation. Lightweight composites significantly enhance fuel efficiency by reducing overall aircraft weight.

According to the International Air Transport Association, the global aviation industry is expected to reduce its carbon emissions by 50% by 2050. This emphasizes the shift towards more sustainable materials, with companies like Boeing and Airbus leading initiatives to integrate composite materials in their aircraft designs.

These corporations are utilizing advanced composite materials, aiming for an increase in market share as they develop new commercial aircraft that align with environmental regulations. As a result, the adoption of aerospace composites is projected to grow substantially, driving the market forward.

Technological Advancements in Composite Manufacturing

Advancements in composite manufacturing technologies are contributing significantly to the growth of the Aerospace Composites Market. Innovations such as automated fiber placement and advanced curing techniques are reducing production costs and enhancing product performance.

The National Aeronautics and Space Administration (NASA) has reported a 20% increase in production efficiency attributable to these technological improvements.

Companies like Hexcel Corporation and Toray Industries are at the forefront of these developments, enabling manufacturers to produce higher-quality composites at reduced costs, attracting more clients in the aerospace sector. This continuous evolution in manufacturing technologies is expected to enhance the market potential and attract further investment.

Rising Aircraft Orders from Emerging Markets

The rising aircraft orders from emerging markets is a key driver for the Aerospace Composites Market. Countries in Asia-Pacific and Middle East regions show significant growth potential, as their air traffic is increasing at an annual rate of 5% according to the International Civil Aviation Organization.

This growth in air travel demand leads to higher aircraft production volumes, necessitating the use of high-performance composites to meet efficiency and safety standards.

Established organizations like Embraer and Bombardier are expanding their product portfolios to cater to these emerging markets, if they take advantage of this evolving demand. This trend will likely lead to increased investment in composite materials, propelling market growth.

Aerospace Composites Market Segment Insights

Aerospace Composites Market Application Insights

The Aerospace Composites Market was segmented based on Application into several key categories, namely Aircraft Structures, Interior Components, Propulsion Systems, and Cargo Compartment.

In 2024, the market for aircraft structures was valued at 12.0 USD Billion, making it a dominant player within this segment. This significant valuation underscored the critical role that composite materials serve in enhancing aircraft performance, reducing weight, and improving fuel efficiency.

Notably, by 2035, this segment is projected to grow to 18.0 USD Billion, reflecting the increasing adoption of advanced materials in aerospace manufacturing.

The Interior Components sector was also noteworthy, with a market value of 7.5 USD Billion in 2024, rising to 10.5 USD Billion by 2035. This growth was driven by a rising demand for more fuel-efficient and lightweight interior solutions, which helped in meeting stringent regulatory requirements and enhancing passenger comfort.

In contrast, the Propulsion Systems segment, valued at 5.0 USD Billion in 2024, with an anticipated increase to 8.0 USD Billion by 2035, played a vital role in improving engine efficiency and performance, showcasing the importance of innovation in composite materials in engine design.

The Cargo Compartment, although the smallest segment in terms of value, with 4.09 USD Billion in 2024 and expected to increase to 5.5 USD Billion by 2035, contributed significantly to operational flexibility and capacity. This was particularly important in the context of rising air freight demands as global trade continues to expand.

The diverse applications of aerospace composites across these segments highlight the increased focus on leveraging lightweight materials to meet performance demands while simultaneously addressing eco-friendly initiatives in aviation.

These insights into the Aerospace Composites Market data demonstrated a robust framework for market growth, driven by technological advancements and evolving consumer preferences in the aviation industry. As the market continues to evolve, the potential of these segments remains a focal point for investment and development.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aerospace Composites Market Material Type Insights

The Aerospace Composites Market is witnessing substantial growth. Among the various material types, Carbon Fiber Composites stand out due to their lightweight and high strength, making them essential for improving fuel efficiency and performance in aircraft.

Glass Fiber Composites also play a crucial role, primarily owing to their cost-effectiveness and versatility, which are advantageous in various aerospace applications. Aramid Fiber Composites, known for their exceptional impact resistance and durability, are significant in manufacturing components that require a high degree of safety and reliability.

Lastly, Thermoplastic Composites are gaining traction due to their recyclability and resistance to temperature fluctuations, aligning with the industry's shift towards more sustainable practices.

As the Aerospace Composites Market segmentation continues to evolve, the demand for these materials is supported by advancements in manufacturing technologies and increasing requirements for lightweight and durable components in the aerospace industry.

The market growth is further fueled by the ongoing Research and Development efforts aimed at enhancing the performance characteristics of these composites.

Aerospace Composites Market Manufacturing Process Insights

The Aerospace Composites Market, specifically focusing on the Manufacturing Process, is on a growth trajectory due to increasing demand for lightweight materials that enhance fuel efficiency and performance.

Key methodologies within the manufacturing process include Prepreg Layup and Resin Transfer Molding, both playing crucial roles in producing high-strength components efficiently. Prepreg Layup is significant for its ability to produce complex shapes with excellent structural integrity, while Resin Transfer Molding offers fast production times with less waste, appealing to manufacturers aiming for sustainability.

Out-of-Autoclave Processes are gaining traction as they reduce dependency on costly autoclaves, making the production of large aerospace parts more accessible. Filament Winding plays an integral role in crafting cylindrical and spherical components, vital for composite tanks and fuselage structures.

As the Aerospace Composites Market segmentation evolves, these manufacturing methods not only highlight the industry's innovation but also depict the increasing significance of composite materials in aerospace applications. These trends underscore the sector's commitment to improving performance metrics while addressing environmental concerns, thus enhancing overall market growth.

Aerospace Composites Market End-use Insights

The Aerospace Composites Market is showing robust growth, particularly within the End-use segment, which encompasses Commercial Aviation, Military Aviation, and General Aviation. Commercial Aviation is a major driver in the market, underpinned by a growing fleet of eco-friendly aircraft and the need for performance upgrades.

Military Aviation continues to contribute significantly as defense budgets increase globally, demanding lightweight but durable materials for advanced aircraft systems. General Aviation is also expanding, given the rising interest in private flying and business jets, which necessitate high-performance materials.

These segments highlight a trend towards lighter composite materials for improved operational efficiency and sustainability.

As global air travel grows, the need for innovative aerospace composite solutions will likely drive the industry's evolution, bolstering the overall Aerospace Composites Market revenue in the coming years. There are growth opportunities present in integrating new technologies and sustainable practices across these End-use categories.

Aerospace Composites Market Regional Insights

The Aerospace Composites Market reflected a comprehensive landscape segmented regionally. In 2024, North America led at 10.0 USD Billion, accounting for a significant portion due to its robust aerospace industry and continuous innovation.

Europe followed, valued at 8.0 USD Billion, driven by increasing manufacturing capabilities and environmental regulations that favor lighter materials. The Asia Pacific region, valued at 6.0 USD Billion, was rapidly growing, fueled by rising air travel demand and the expansion of local aircraft manufacturers.

South America presented a smaller market at 2.5 USD Billion, highlighting emerging opportunities as local industries develop. The Middle East and Africa, valued at 2.09 USD Billion, were gradually enhancing their aerospace sectors, supported by government initiatives.

Collectively, these figures underlined an evolving market landscape where North America and Europe dominate, driven by advanced technologies and a focus on sustainability, while Asia Pacific shows significant growth potential in the coming years, reflecting the overall Aerospace Composites Market data and statistics.

The dynamics within each region emphasize various opportunities and challenges, shaping future market growth trajectories.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aerospace Composites Market Key Players and Competitive Insights

The competitive landscape of the Aerospace Composites Market is characterized by a dynamic interaction among key players who specialize in innovative materials used in the aerospace industry. With the increasing demand for lightweight yet strong materials aimed at enhancing fuel efficiency and performance, the market has attracted both established companies and new entrants.

A significant focus is placed on research and development to improve composite technologies, which is crucial for meeting the stringent safety and performance standards set by aerospace regulators. Additionally, the ongoing trends of sustainability and eco-friendly manufacturing practices have prompted firms to innovate and adopt greener alternatives in composite production, setting the stage for competitive advantages.

DuPont, with its specialized capabilities in materials science, plays a vital role in the Aerospace Composites Market by providing a range of high-performance composites and adhesives tailored for aerospace applications. The company’s portfolio includes key products designed to improve energy efficiency, performance reliability, and environmental sustainability.

DuPont's market presence is bolstered by its global reach and strategic initiatives, including mergers and acquisitions that have enhanced its technological expertise and expanded its product offerings.

The company focuses on developing innovative solutions that align with current market trends, making it a strong competitor in the field. In particular, DuPont's commitment to research and development facilitates the introduction of cutting-edge composite materials, ensuring they remain at the forefront of advancements in the aerospace industry.

Key Companies in the Aerospace Composites Market Include

• DuPont


• Lockheed Martin


• Airbus


• Toray Industries


• SABIC


• Northrop Grumman


• Fibrtec


• Safran


• Royal TenCate


• 3M


• Mitsubishi Heavy Industries


• Boeing


• Solvay


• Hexcel Corporation

Aerospace Composites Market Developments

In October 2023, Lockheed Martin announced enhancements to their composite manufacturing processes aimed at improving efficiency and sustainability. Airbus is focusing on increasing the use of thermoplastic composites in their aircraft designs. Notably, in September 2023, Toray Industries partnered with Boeing to advance composite materials specifically for the aerospace sector, further solidifying their market presence.

Recent mergers and acquisitions have also shaped the landscape, as seen in August 2023 when Northrop Grumman acquired a smaller firm specializing in composite manufacturing technologies, enhancing their capabilities in defense and commercial aircraft.

The valuation of companies such as Hexcel Corporation and Solvay has seen a noteworthy increase due to innovations in composite engineering, directly impacting the market by attracting investments and collaborations.

Additionally, in the past few years, major players have ramped up Research and Development efforts, particularly in 2021, to explore new composite materials, positioning themselves strategically within the evolving aerospace market.

Aerospace Composites Market Segmentation Insights

• Aerospace Composites Market Application Outlook
  
  
  
  • Aircraft Structures
  
  
  • Interior Components
  
  
  • Propulsion Systems
  
  
  • Cargo Compartment
  
  
  
  

• Aerospace Composites Market Material Type Outlook
  
  
  
  • Carbon Fiber Composites
  
  
  • Glass Fiber Composites
  
  
  • Aramid Fiber Composites
  
  
  • Thermoplastic Composites
  
  
  
  

• Aerospace Composites Market Manufacturing Process Outlook
  
  
  
  • Prepreg Layup
  
  
  • Resin Transfer Molding
  
  
  • Out-of-Autoclave Processes
  
  
  • Filament Winding
  
  
  
  

• Aerospace Composites Market End-use Outlook
  
  
  
  • Commercial Aviation
  
  
  • Military Aviation
  
  
  • General Aviation
  
  
  
  

• Aerospace Composites Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa
  
  
  
  

Report Attribute/Metric	Details
Market Size 2023	27.6(USD Billion)
Market Size 2024	28.59(USD Billion)
Market Size 2035	42.0(USD Billion)
Compound Annual Growth Rate (CAGR)	3.56% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	DuPont, Lockheed Martin, Airbus, Toray Industries, SABIC, Northrop Grumman, Fibrtec, Safran, Royal TenCate, 3M, Mitsubishi Heavy Industries, Boeing, Solvay, Hexcel Corporation
Segments Covered	Application, Material Type, Manufacturing Process, End-use, Regional
Key Market Opportunities	Increased demand for lightweight materials, Growth in fuel-efficient aircraft, Advancements in manufacturing technologies, Expanding UAV applications, Rising adoption in space exploration
Key Market Dynamics	rising demand for lightweight materials, increasing fuel efficiency regulations, advancements in composite manufacturing technology, growth in military and defense spending, expanding aircraft production rates
Countries Covered	North America, Europe, APAC, South America, MEA