Advanced Space Composites Market 2023: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, And Forecast By 2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Advanced Space Composites market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Advanced Space Composites market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global advanced space composites market size is forecast to reach US$ 2.75 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.55% during the forecast period from 2022 to 2030.
In order to create a ply or lamina, advanced composite materials combine high-performance reinforcing fibers with a toughened polymeric matrix. These materials are strong, lightweight, and tailored. The low density, high strength fibers take up a significant portion of the volume. Advanced composites have a number of desirable physical and chemical characteristics, including dimensional stability, temperature and chemical resistance, flex performance, light weight combined with high stiffness (elasticity), and strength along the direction of the reinforcing fiber. In many applications, especially in the aerospace industry, advanced composites are taking the place of metal components.
Factors Influencing Market Growth
The increasing satellite launches, deep space activities, and the growing usage of commercial off-the-shelf components drive the global market.
The increased cost associated with the development and design of space components may slow down the overall market growth.
The rising progress in 3D Printing technology and the adoption of new materials to manufacture space electronics are forecast to offer lucrative opportunities for the global market.
The decreased maintenance, longer design life, fewer parts, and fewer tooling and assembly costs fuel the global market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. This led to a sharp decline in production. In addition, the lack of adequate manpower and raw materials impacted the industry trends.
However, as the space sectors recover with decreasing COVID-19 cases worldwide, the consumption of advanced composites will increase. In addition, the increasing R&D activities in the space sector will grow the demand for advanced composites during the forecast period.
Regional Analysis
North America garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the existence of the key competitors favorably engaged in developing and providing advanced materials for space applications. In addition, the constant technological advancement will boost the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global advanced space composites market are:
Lockheed Martin
Toray Advanced Composites
Airborne
Advanced Composite Products and Technology, Inc.
Applied Composites
Infinite Composites Technologies
RUAG Group
HyPerComp Engineering
Cecence Limited
AdamWorks
Toray Advanced Composites
Applied Composites
Cimarron Composite
CST Composites
Matrix Composites (an ITT Company)
Microcosm, Inc.
Peak Technology
Stelia Aerospace North America Inc.
Other Prominent Players
Scope of the Report
The global advanced space composites market segmentation focuses on Platform, Component, Material, Manufacturing, Service, and Region.
Segmentation based on Platform
Satellite
o Small Satellite (0-1,200kg)
o Medium Satellite (1,201-2,200kg)
o Large Satellite (Above 2,200kg)
Launch Vehicles
Deep Space Probes and Rovers
Segmentation based on Component
Payloads
Structures
Antenna
Solar Array Panels
Propellent Tank
Spacecraft Module
Sunshade Door
Thrusters
Thermal Protection
Others
Segmentation based on Material
Fiber Type
o Carbon Fiber
o Glass Fiber
Resin Type
o Thermosetting
o Thermoplastic
Nanomaterials
Ceramic Matrix Composites (CMC) and Metal Matrix Composites (MMC)
Segmentation based on Manufacturing
Automated Fiber Placement
Compression Molding
Additive Manufacturing
Others
Segmentation based on Service
Repair and Maintenance
Manufacturing
Design and Modeling
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Key Points Covered in Advanced Space Composites Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Advanced Space Composites market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Advanced Space Composites Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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