India Aerospace Composites Market

Market Overview:

India aerospace composites market size reached US$ 303.2 Million in ​2023​. Looking forward, IMARC Group expects the market to reach US$ 657.8 Million by ​2032​, exhibiting a growth rate (CAGR) of 8.90% during 2024-2032. The expanding aviation industry, coupled with the development of fuel-efficient aircraft, is primarily driving the market growth across the country.

Aerospace composites refer to the amalgamation of two or more materials with distinct properties, employed to create a combination of characteristics that neither individual material could attain independently. Initially, these composites were limited to application in secondary structures like seats, rotor blades, and instrument enclosures for gliders, helicopters, fighter planes, passenger airlines, and space shuttles. However, in contemporary contexts, they are increasingly utilized in the manufacturing of primary structures such as wings and fuselages. This shift is attributed to their superior flexibility when compared to metallic counterparts.

India Aerospace Composites Market Trends:

The aerospace composites market in India is witnessing a transformative shift as these advanced materials play an increasingly crucial role in the aviation and aerospace industry. Moreover, the landscape is evolving, and there is a notable expansion of their role to encompass primary structures like wings and fuselages. Additionally, this expansion is driven by the superior malleability of aerospace composites compared to their metallic counterparts, allowing for innovative design possibilities and contributing to overall weight reduction in aircraft. Besides this, the adoption of aerospace composites in India is influenced by their unique combination of strength, durability, and lightweight properties. Furthermore, as the aviation industry in India continues to grow, there is an increasing emphasis on fuel efficiency, performance optimization, and environmental sustainability. Apart from this, aerospace composites contribute significantly to these goals by enabling the manufacture of structurally sound yet lightweight components. The India aerospace composites market is poised for continued growth, driven by advancements in manufacturing technologies, increased investments in research and development, and a growing recognition of the benefits these materials bring to the aviation and aerospace sector. As aircraft design continues to evolve, the role of aerospace composites is set to become even more prominent in shaping the future of aerospace engineering in India. This, in turn, is anticipated to fuel the market growth in the coming years.

India Aerospace Composites Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on fiber type, resin type, aircraft type, application, and manufacturing process.

Fiber Type Insights:

• Carbon Fiber Composites
• Ceramic Fiber Composites
• Glass Fiber Composites
• Others
   

The report has provided a detailed breakup and analysis of the market based on the fiber type. This includes carbon fiber composites, ceramic fiber composites, glass fiber composites, and others.

Resin Type Insights:

• Epoxy
• Phenolic
• Polyester
• Polyimides
• Thermoplastics
• Ceramic and Metal Matrix
• Others
   

A detailed breakup and analysis of the market based on the resin type have also been provided in the report. This includes epoxy, phenolic, polyester, polyimides, thermoplastics, ceramic and metal matrix, and others.

Aircraft Type Insights:

• Commercial Aircraft
• Business Aviation
• Civil Helicopters
• Military Aircraft and Helicopters
• Others
   

The report has provided a detailed breakup and analysis of the market based on the aircraft type. This includes commercial aircraft, business aviation, civil helicopters, military aircraft and helicopters, and others.

Application Insights:

• Interior Parts
• Exterior Parts
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes interior parts and exterior parts.

Manufacturing Process Insights:

• AFP/ATL
• Layup
• RTM/VARTM
• Filament Winding
• Others
   

The report has provided a detailed breakup and analysis of the market based on the manufacturing process. This includes AFP/ATL, layup, RTM/VARTM, filament winding, and others.

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Aerospace Composites Market Report Coverage:

Key Questions Answered in This Report:

• How has the India aerospace composites market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India aerospace composites market?
• What is the breakup of the India aerospace composites market on the basis of fiber type?
• What is the breakup of the India aerospace composites market on the basis of resin type?
• What is the breakup of the India aerospace composites market on the basis of aircraft type?
• What is the breakup of the India aerospace composites market on the basis of application?
• What is the breakup of the India aerospace composites market on the basis of manufacturing process?
• What are the various stages in the value chain of the India aerospace composites market? 
• What are the key driving factors and challenges in the India aerospace composites?
• What is the structure of the India aerospace composites market and who are the key players?
• What is the degree of competition in the India aerospace composites market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India aerospace composites market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India aerospace composites market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India aerospace composites industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.