Market Size of Aerospace Carbon Fiber Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aviation Carbon Fiber Market Analysis
The aviation carbon fiber market was valued at USD 1.76 billion in 2022 and is projected to grow to USD 2.67 billion by 2028 at a CAGR of 7.51% during the forecast period.
The rapid adoption of modern manufacturing technologies such as additive manufacturing and the development and induction of new aircraft models are likely to remain the key growth drivers for the market. Also, the need for manufacturing low-weight, fuel-efficient aircraft that reduce emissions is anticipated to drive the growth prospects of the market. Advancements in the application base of additive manufacturing techniques in the aviation sector are envisioned to affect the market in the future.
