Dec 10, 2020   SOURCE: BusinessWire

Ceramic Matrix Composites Market in Aircraft Engines - Global Competitive Analysis, and Growth Opportunity 2020-2025 - ResearchAndMarkets.com

The "Ceramic Matrix Composites Market in Aircraft Engines by Aircraft Type, by Engine Type, by Component Type, by Application Type, by Engine Zone Type, by Material Type, by Manufacturing Process, and by Region Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025" report has been added to ResearchAndMarkets.com's offering.

This report identifies and quantifies the opportunities that ceramic matrix composites (CMCs) will have in aircraft engine applications over the next five years (2020-2025).

The report mapped all the major CMC applications present currently in aircraft engines as well as the ongoing research & developments for the upcoming engines. The report segments the market in the most comprehensive manner with an aim to present the complete analysis including market assessment till 2025, market competition, upcoming CMC applications, and emerging trends. The report can be decisive for the market participants as well as investors, willing to expedite their growth process and to build growth strategies to achieve their long-term business goals.

Ceramic Matrix Composites (CMCs) Market in Aircraft Engines: Highlights

The airlines' dire need for fuel-efficient aircraft shows no signs of abating. As pressure for fuel-efficient aircraft continues to mount, ceramic matrix composites (CMC) evolve as they compete with metals for high-pressure and low-pressure applications in aircraft engines. CMCs are as tough as metals and are just one-third the weight of nickel alloys and can operate at 1,300 Celsius. They have the ability to withstand extreme temperatures and require less cooling air to be diverted from the thrust. As of result, engines run at higher thrust. Additionally, engines run hotter, consuming fuel efficiently, and emitting fewer pollutants.

The year 2019 was challenging for the aerospace industry due to the grounding of B737 Max, P&W 1100G engine series failure, and delayed deliveries of upcoming aircraft programs. However, the impact of these challenges was negligible on the CMCs market for aircraft engines. The outbreak of COVID-19 has further triggered the industry's plight with the reduction in aircraft demand, order cancellations, temporary production halts, and huge revenue losses.

All these factors have forced major aircraft OEMs to reduce production rates temporarily. For instance, Airbus has slashed the A320 production rate from 60 aircraft per month in 2019 to 40 aircraft per month. Similarly, A330 and A350 programs are reduced to a rate of two and six aircraft per month, respectively. These production cuts from major aircraft OEMs have devastated the demand for aircraft engines with reduced demand for CMCs.

Despite short term turmoil, the long-term outlook of CMCs in aircraft engines still seems favorable with the recovery in production rates of key aircraft programs such as A320 neo and resumption in the production of B737Max. The market is expected to witness an exceptional CAGR of 27.4% during the forecast period, owing to a continuous replacement of nickel alloys with CMCs owing to their advantages like better oxidation resistance at higher temperatures and comparatively lighter in weight. Further, the market entry of B777X and C919 is like to act as a catalyst towards the growth of the market. In 2019, Lockheed Martin delivered 134 F-35 aircraft (491 aircraft since the inception of the program) and production is expected to continue for many years, considering the US Governments' current inventory objective of 2,456 aircraft and commitments from eight international partner countries and four international. A strong order backlog of F-35 aircraft is likely to drive the demand for CMCs in the military aircraft segment in the long run.

The global ceramic matrix composites market in aircraft engines is segmented based on the aircraft type into commercial aircraft, business jet, military aircraft, and helicopter. Commercial aircraft is forecasted to remain the largest segment of the market over the next five years. The development of CMC parts in the variants of the best-selling aircraft programs, such as B737 Max and A320neo, is the key growth driver of the market. Additionally, the upcoming variant B777x with five CMC applications in its GE9X engine is likely to further elevate the demand for CMC parts in this segment.

The supply chain of this market comprises raw material suppliers, CMC part fabricators, aeroengine suppliers, and aircraft OEMs. The key players in the CMCs market are GE Aviation, Pratt & Whitney, Composites Horizons LLC, Safran Ceramics (previously Herakles), COI Ceramics, Inc., Rolls-Royce plc, Honeywell International Inc, IHI Corporation, and Kordsa Teknik Tekstil A.S. The development of new applications, the formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by companies to gain a competitive advantage in the market.

Key Topics Covered:

1. Executive Summary

2. Ceramic Matrix Composites (CMCs) Market in Aircraft Engines - Overview and Segmentation

2.1. Introduction

2.2. Ceramic Matrix Composites (CMCs) Market Segmentation

2.2.1. By Aircraft Type

2.2.2. By Engine Type

2.2.3. By Component Type

2.2.4. By Application Type

2.2.5. By Engine Zone

2.2.6. By Material Type

2.2.7. By Manufacturing Process Type

2.2.8. By Region

2.3. Supply Chain Analysis

2.4. Industry Life Cycle Analysis

2.5. PEST Analysis

2.6. SWOT Analysis

3. Ceramic Matrix Composites (CMCs) Market Assessment in Aircraft Engines - The COVID-19 Impact Assessment

3.1. Insights

3.2. CMCs Market Trend and Forecast in Aircraft Engines (US$ Million)

3.3. Pre-COVID vs Post-COVID Assessment

3.4. The Pandemic: Real GDP Loss vs CMCs Market Loss in Aircraft Engines (2020-2021)

3.5. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic

3.6. Profitability Analysis

3.7. Market Segments' Analysis (US$ Million)

3.8. Regional Analysis (US$ Million)

3.9. Market Drivers

3.10. Market Challenges

4. Competitive Analysis

4.1. Insights

4.2. Product Portfolio Analysis

4.3. Geographical Presence

4.4. New Product Launches

4.5. Strategic Alliances

4.6. Market Share Analysis

4.7. Porter's Five Forces Analysis

5. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Aircraft Type (2014-2025)

5.1. Insights

5.2. Commercial Aircraft: Regional Trend and Forecast (US$ Million)

5.3. Business Jets: Regional Trend and Forecast (US$ Million)

5.4. Military Aircraft: Regional Trend and Forecast (US$ Million)

5.5. Helicopter: Regional Trend and Forecast (US$ Million)

6. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Engine Type (2014-2025)

6.1. Insights

6.2. Jet Engine: Regional Trend and Forecast (US$ Million)

6.3. Helicopter Engine: Regional Trend and Forecast (US$ Million)

6.4. Other Engine: Regional Trend and Forecast (US$ Million)

7. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Component Type (2014-2025)

7.1. Insights

7.2. Static Components: Regional Trend and Forecast (US$ Million)

7.3. Rotational Components: Regional Trend and Forecast (US$ Million)

8. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Application Type (2014-2025)

8.1. Insights

8.2. Combustor Liner: Regional Trend and Forecast (US$ Million)

8.3. Shrouds: Regional Trend and Forecast (US$ Million)

8.4. Blades: Regional Trend and Forecast (US$ Million)

8.5. Nozzles: Regional Trend and Forecast (US$ Million)

8.6. Others: Regional Trend and Forecast (US$ Million)

9. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Engine Zone (2014-2025)

9.1. Insights

9.2. High-Pressure Zone: Regional Trend and Forecast (US$ Million)

9.3. Low-Pressure Zone: Regional Trend and Forecast (US$ Million)

9.4. Combustor: Regional Trend and Forecast (US$ Million)

10. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Material Type (2014-2025)

10.1. Insights

10.2. SiC/SiC: Regional Trend and Forecast (US$ Million)

10.3. Oxide/Oxide: Regional Trend and Forecast (US$ Million)

10.4. Others: Regional Trend and Forecast (US$ Million)

11. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Manufacturing Process Type (2014-2025)

11.1. Insights

11.2. Melt Infiltration: Regional Trend and Forecast (US$ Million)

11.3. Chemical Vapor Infiltration: Regional Trend and Forecast (US$ Million)

11.4. Sintering: Regional Trend and Forecast (US$ Million)

11.5. Others: Regional Trend and Forecast (US$ Million)

12. Ceramic Matrix Composites (CMCs) Market Trend and Forecast in Aircraft Engines by Region (2014-2025)

13. Strategic Growth Opportunities

14. Company Profile of Key Players

  • COI Ceramics Inc.
  • Composites Horizons LLC
  • GE Aviation
  • Honeywell International Inc
  • IHI Corporation
  • Pratt & Whitney
  • Rolls-Royce plc
  • Safran Ceramics
  • Kordsa Teknik Tekstil A.S.

For more information about this report visit https://www.researchandmarkets.com/r/9cnrgg