Market Size of America Aerospace Composites Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 8.71 Billion |
| Market Size (2029) | USD 13.71 Billion |
| CAGR (2024 - 2029) | 9.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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America Aerospace Composites Market Analysis
The America Aerospace Composites Market size is estimated at USD 8.71 billion in 2024, and is expected to reach USD 13.71 billion by 2029, growing at a CAGR of 9.5% during the forecast period (2024-2029).
Aerospace composites provide superior performance characteristics, including resistance to corrosion, fatigue, and high-temperature environments. These advantages make composites an attractive choice for critical aerospace applications, ensuring the longevity and reliability of aircraft components. The market is primarily driven by the growth in demand for air travel and aerial connectivity in North America and Latin America, which has encouraged airlines to introduce new routes. This has driven airline operators to initiate fleet modernization and fleet expansion programs, thereby driving the demand for the integration of crucial components and aerostructures made from aerospace composites. Moreover, the development of advanced materials (lightweight), as well as the introduction of new manufacturing technologies like 3D and 4D printing into the aerospace sector, is anticipated to support the growth of the market. However, high capex requirements and stringent regulatory framework deter the entry of new players and also make the existing market players vulnerable to economic disruptions and cyclic revenue patterns.
