Pune, March 13, 2023 (GLOBE NEWSWIRE) -- The global Aircraft AFP and ATL Composites market reach USD 2.76 Billion in 2022 and is expected to exhibit a CAGR of 11.45% over the forecast period 2023 to 2032, according to a recent global market study by Quince Market Insights. Composites made with reinforced carbon, ceramic, and glass-based fibers are known as aerospace composites. Composite materials used in aerospace have a low density and strong mechanical properties. As a result, components including propellers, seats, wing assemblies, rotor blades, and instrument enclosures are made of aerospace composite.
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Major companies operating in the global Aircraft AFP and ATL Composites market, which include Spirit AeroSystems Hldgs, Premium Aerotec, Kawasaki Heavy Industries, Leonardo, Mitsubishi Heavy Industries, Boeing, Airbus, GKN, Bombardier
For fibre splicing, AFP-ATL machines are employed. They are mostly utilized in optical and telecommunications networks. They are employed in the production of numerous kinds of materials in addition to fibre placement and tape laying. Installing optical connectors is a common usage for this equipment. They are crucial in the production processes of numerous industries and have a wide range of uses. A strip of narrow tape can be laid down by AFP machines. Using a tape feeding system, these tapes are fed into the head. The mechanism has a capacity for several bobbins or spools. A typical AFP machine can hold 1000 m of spool material. A fantastic option for communications hardware is the AFP-ATL machine.
The primary factor driving the market growth rate is an increase in demand for aerospace composites from both developed and developing nations' aircraft manufacturing industries. Rising consumer awareness of the advantages of aerospace composites and the development and expansion of the aviation sector, particularly in developing nations, will have a direct and beneficial impact on the market's growth rate. Continuous technological advancements in the areas of airplane structural and component applications, rising major company investment in R&D capabilities, acceleration of industrialization, and growing emphasis on technological advancements and modernization of production methods will all contribute to the market's expansion.
Aircraft AFP and ATL Composites, by product type
The product type segment is divided into Glass Fiber Composites, Carbon Fiber Composites, Aramid Fiber Composites. The Carbon Fiber Composites accounted for the highest share in the market.
Aircraft AFP and ATL Composites, by Application
The application segment is divided into General Aviation, Helicopter, Military Aircraft, Others.
Aircraft AFP and ATL Composites, based on Regional Analysis
The region segment includes major regions such as Asia Pacific, Middle East & Africa, North America, Europe, and South America.
The highest market share for Aircraft AFP and ATL Composites market worldwide is held by North America region followed Europe. The increase is linked to the general aviation industry's increased need for glass fiber composite. The product's increasing use in helicopters has accelerated market expansion in Europe.
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Recent development in the Global Aircraft AFP and ATL Composites Market
- In January 2020, AFP-XS toolheads were installed by Addcomposites at SAM|XL in the Netherlands and KUKA Finland. The organization will be able to produce airplane parts and fulfil the needs of diverse applications with the assistance of this facility.
- In August 2019, Addcomposites unveiled AFP-XS, a plug-and-play solution. The item is appropriate for automated tape laying (ATL) and automated fibre placement (AFP) methods. This launch will aid the business in diversifying its product offering.
Some key Points of the Aircraft AFP and ATL Composites Market Report are:
- An in-depth global Aircraft AFP and ATL Composites market analysis by the segments, along with an analysis of trend-based insights and factors.
- Key impact factor analysis across regions that includes analysis, along with the drivers, restraints, opportunities, and challenges that are prevailing in the global Aircraft AFP and ATL Composites market
- Impact of COVID-19 on the global Aircraft AFP and ATL Composites market
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