Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Europe Space Carbon Fiber Composite Market: Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Europe space carbon fiber composite market was valued at $124.6 million in 2023 and is projected to reach $487.1 million. The market for space carbon fiber composites is anticipated to experience growth primarily due to several key factors. This includes the rising demand for lightweight small satellites, especially for communication and Earth observation purposes. The commercial space sector's expansion and the emergence of reusable launch vehicles are also significant drivers of this market's growth trajectory. Moreover, advancements in manufacturing techniques and materials play a pivotal role in propelling market expansion. 
The European space carbon fiber composite market is poised for significant growth driven by several compelling factors. One of the primary drivers is the increasing demand for small satellites designed with a lightweight profile, particularly for applications in communication and Earth observation. Carbon fiber composites provide the ideal material solution for reducing satellite weight, enhancing payload capacity, and optimizing overall performance.
Furthermore, the booming commercial space sector in Europe is contributing to the market's expansion. Private companies and startups are actively participating in space exploration and satellite deployment, leading to a growing need for advanced materials like carbon fiber composites.
The development of reusable launch vehicles is another noteworthy factor fostering market growth. These vehicles require lightweight yet durable materials, making carbon fiber composites a preferred choice.
Advancements in manufacturing technologies and materials, particularly in Europe, are bolstering the production and adoption of space carbon fiber composites, further driving the market's upward trajectory. With these factors in play, the European space carbon fiber composite market is poised for remarkable development, offering opportunities for innovation and progress in the aerospace industry.
Key Market Dynamics
Drivers
- Increase in the Demand for Satellites
- Growing Number of Deep Space Exploration Programs
- Increase in the Utilization of Carbon Fiber Composite in Small Launch Vehicles
Challenges
- High Production Costs
- Utilization of Alternate Materials
Opportunities
- Opportunities for Satellite Manufacturers
- Opportunities in the Launch Vehicle Manufacturing
- Opportunities in Deep Space Exploration
Market Segmentation
Segmentation by Application
- Satellites
- Launch Vehicles
- Deep Space Exploration
Segmentation by Country
- France
- Germany
- Russia
- U.K.
- Rest-of-Europe
Key Market Players and Competition Synopsis
- Airborne
- CarboSpaceTech GmbH
- Oxeon AB
- Peak Technology
- RUAG Group
- SGL Carbon SE
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 77 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $124.6 Million |
| Forecasted Market Value (USD) by 2033 | $487.1 Million |
| Compound Annual Growth Rate | 14.6% |
| Regions Covered | Europe |
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.1.1 Composite Materials for Space Applications: Overview
1.1.2 Trends Fueling Space Carbon Fiber Composite Market
1.1.3 Ongoing and Upcoming Programs
1.1.3.1 European Union Space Carbon Project
1.1.3.2 NASA's Super Lightweight Aerospace Composites (SAC)
1.1.3.3 Oak Ridge National Laboratory Carbon-Carbon Composites
1.1.4 Key Composite Suppliers
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increase in the Demand for Satellites
1.2.1.2 Growing Number of Deep Space Exploration Programs
1.2.1.3 Increase in the Utilization of Carbon Fiber Composite in Small Launch Vehicles
1.2.2 Business Challenges
1.2.2.1 High Production Costs
1.2.2.2 Utilization of Alternate Materials
1.2.3 Business Strategies
1.2.4 Business Strategies
1.2.4.1 New Product Launch
1.2.5 Corporate Strategies
1.2.5.1 Partnerships
1.2.6 Business Opportunities
1.2.6.1 Opportunities for Satellite Manufacturers
1.2.6.2 Opportunities in the Launch Vehicle Manufacturing
1.2.6.3 Opportunities in Deep Space Exploration
2 Europe
2.1 Space Carbon Fiber Composite Market (by Region)
2.2 Europe
2.2.1 Markets
2.2.2 Application
2.2.3 Europe (by Country)
2.2.3.1 Germany
2.2.3.2 France
2.2.3.3 Russia
2.2.3.4 U.K.
2.2.3.5 Rest-of-Europe
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Market Share Analysis
3.2 Composite Companies
For more information about this report visit https://www.researchandmarkets.com/r/gae8re
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