Global Aeroengine Composites Market to Reach US$ 7.8 Billion by 2032, Propelled by Increasing Air Traffic Worldwide

September 28, 2023 | Aerospace and Defense

According to the latest report by IMARC Group, titled “Aeroengine Composites Market by Component (Fan Blades, Fan Case, Guide Vanes, Shrouds, and Others), Composite Type (Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites), Application (Commercial Aircraft, Military Aircraft, General Aviation Aircraft), and Region 2024-2032,” the global aeroengine composites market size reached US$ 2.8 Billion in 2023. Aeroengine composites refer to advanced materials used in the construction of aircraft engines and other components like fan blades, casings, and structural parts. They provide strength, durability, and lightweight properties to enhance the performance and efficiency of aircraft engines. They are lighter than traditional materials like metals, reducing the overall weight of the engine and the aircraft. They offer impressive strength-to-weight ratios, making them suitable for critical engine components that need to withstand extreme forces and temperatures. They can withstand high temperatures, which makes them ideal for parts exposed to the intense heat generated within aircraft engines. They are widely utilized to dampen engine noise, enhance passenger comfort, and meet noise regulations.

Global Aeroengine Composites Market Trends:

The increasing air traffic worldwide represents one of the key factors facilitating the market growth. Apart from this, the implementation of stringent environmental regulations and fuel efficiency standards is encouraging aircraft manufacturers to incorporate composites to lower overall aircraft weight and improve fuel economy. Furthermore, innovations in composite manufacturing, such as automated layup processes and three-dimensional (3D) printing, are reducing production costs and enhancing the feasibility of composites in aero engines. Furthermore, the development of advanced composite materials, including carbon-fiber-reinforced composites and ceramic matrix composites, is offering improved strength-to-weight ratios and temperature resistance for aero engine components. Moreover, leading aerospace manufacturers are increasingly focusing on sustainability, which is promoting the adoption of composites to reduce carbon emissions through lighter aircraft. Besides this, the rise of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility applications is driving the demand for lightweight composites that can support these innovative propulsion systems. Looking forward, the market value is projected to reach US$ 7.8 Billion by 2032, expanding at a CAGR of 11.61% during 2024-2032.

Market Summary:

  • Based on the component, the market has been segmented into fan blades, fan case, guide vanes, shrouds, and others. Fan blades currently dominate the market.
  • On the basis of the composite type, the market has been classified into polymer matrix composites, ceramic matrix composites, and metal matrix composites. At present, polymer matrix composites represent the largest segment.
  • Based on the application, the market has been segregated into commercial aircraft, military aircraft, and general aviation aircraft. Commercial aircraft accounts for the majority of the market share.
  • Region-wise, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America holds the largest market share.
  • The competitive landscape of the market has also been examined, with some of the key players being Albany International Corp., GKN Aerospace Services Limited, Hexcel Corporation, Meggitt Plc (Parker Hannifin Corporation), and Rolls-Royce Plc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Components Covered Fan Blades, Fan Case, Guide Vanes, Shrouds, Others
Composite Types Covered Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites
Applications Covered Commercial Aircraft, Military Aircraft, General Aviation Aircraft
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Albany International Corp., GKN Aerospace Services Limited, Hexcel Corporation, Meggitt Plc (Parker Hannifin Corporation), Rolls-Royce Plc, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Aeroengine Composites Market to Reach US$ 7.8 Billion by 2032, Propelled by Increasing Air Traffic Worldwide
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More