The global aircraft AFP and ATL composites market size is estimated to grow substantially due to the chemical’s superior resistance and quick processing time. The chemical is extensively used in. the production of materials used for building aircraft due to its lower maintenance cost. Thus,the factor is expected to boost market growth. Fortune Business Insights™ mentions this information in its report titled “Aircraft AFP and ATL Composites Market, 2021-2028.

Aircraft automated fiber placement (AFP) and automated tape layup (ATL) composites are extremely useful for producing lightweight and durable components for aircraft. Aircraft AFP and ATL composites offer great resistance and durability when making aircraft parts and lessen the time consumed to produce high-quality metal parts for the aircraft industry. Furthermore, the chemical reduces the maintenance cost as the chemical is resistant to harsh environmental conditions. It is used for various applications such as helicopters, military aircraft, and general aviation. The components manufactured using this chemical are light in weight and of superior quality. Therefore, it is mostly preferred to offer conventional hand-laid and stamped components. Therefore, due to its benefits and its use in several applications, the market can grow in the foreseeable years.

Impact of COVID-19

Rising Demand for Raw Materials to Boost Market

The demand for aircraft AFP and ATL composites increases due to the lack of raw materials and components. Lockdown regulations have resulted in the lack of raw materials, thereby boosting demand for the chemical during the COVID-19 pandemic to produce high-quality aircraft parts and other components. Further, the use of aircraft to import and export vaccines and medical gear has fueled demand for the chemical. However, the future of this market is difficult to predict because of the emerging cases of COVID-19 infections.

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Segments

Based on type, the market is segmented into glass fiber composites, carbon fiber composites, and Aramid fiber composites. On the basis of application, it is divided into general aviation, helicopter, military aircraft, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

 

Highlights of the Report

  • This report analyzes the top segments and the latest market trends.
  • It conducts a comprehensive study of the impact of COVID-19 on the global market and the driving and restraining factors.
  • The report examines regional development and strategies implemented by the market’s key players.

 

Drivers and Restraints

Increasing Demand for ATL Composites to Positively Affect the Market

Aircraft AFP and ATL composites are extensively used in the aircraft industry for various applications to produce high-quality and lighter parts for aerial vehicles. The lower cost of production, economical use of material, superior quality of components, and faster speed of processing raw materials are expected to boost the demand for the product. Further, AFP and ATL composites are replacing manual management of the composites due to their low maintenance cost. Therefore, the rising adoption of the chemical is expected to drive the aircraft AFP and ATL composites market growth.

However, the availability of automated dry material placement (ADMP) is expected to reduce the adoption of aircraft AFP and ATL composites, thereby hampering the market growth.

Regional Insights

Robust Demand for Glass Fiber Composites to Propel Growth in North America

North America is projected to dominate the aircraft AFP and ATL composites market share in the foreseeable years because of the strong demand for glass fiber composites in the general aviation sectors.

In Europe, the strong demand for aircraft AFP and ATL composites in the production of helicopters is expected to bolster the market growth.

In Asia Pacific, the use of carbon fiber in the production of helicopter parts is expected to boost the demand, which, in turn, is expected to propel market growth.

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Competitive Landscape

Key Players to Launch Novel Products to Expand their Product Portfolio

The key players of the market have announced attractive products to enhance their product portfolio. For example, Addcomposites announced a product named AFP-XS in August 2019. It is a plug-and-play product for the AFP and ATL processing of parts. This product launch was aimed at expanding the product’s portfolio. In addition, the companies are focusing on research and development activities to enhance the quality of the aircraft AFP and ATL composites, thereby enhancing their market position.

Industry Development

January 2020: Addcomposites installed a toolhead in SAM XL Netherlands and KUKA Finland to enhance the production of high-quality aircraft parts and satisfy the product requirement for several applications.

 

List of Key Players Profiled in the Aircraft AFP and ATL Composites Market Report

  • Hexcel Corporation

 

  • Airbus

 

  • Electroimpact Inc.

 

  • CGTech

 

  • Premium Aerotec

 

  • Kawasaki Heavy Industries

 

  • SONACA

 

  • Addcomposites

 

  • TxV Aerospace Composites LLC

 

  • Crafts Technology

 

  • Solvay

 

  • MTorresDiseñosIndustrialesSAU

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