Market Share of Aeroengine Composites Industry
GE Aviation, Safran SA, Solvay SA, Meggitt PLC, and Hexcel Corporation are some of the prominent players in the market. Among the engine manufacturers, Safran and GE Aviation generate the highest demand for the aero-engine composites, whereas other manufacturers like Rolls-Royce PLC and Pratt & Whitney (Raytheon Technologies Corporation) are expected to increase the volume of composite usage in their engine models in the years to come. Over the years, engine manufacturers have developed significant in-house composite manufacturing capacities. For instance, GE Aviation has its own composites manufacturing facilities and various joint ventures (like Nexcelle with Safran SA). This trend may affect the market revenues of the composite suppliers for the engine OEMs. The usage of composites is increasing in aircraft.
The increase in the overall engine production rates means that the forecast period is showing considerable growth impetus for the aeroengine composite part manufacturers and their respective supply chains. Simultaneously, material suppliers will need to expand their raw materials output to stay in the competition, which is currently higher than ever before. The development of composites that can sustain high temperatures in the engine core will play a key role in the forecast period. Any improvement in this direction will greatly benefit composite manufacturers.
Aeroengine Composites Market Leaders
Safran SA
Meggitt PLC
Hexcel Corporation
GE Aviation
Solvay SA
*Disclaimer: Major Players sorted in no particular order
