Market Size of Europe Aerospace Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.53 Billion |
| Market Size (2029) | USD 8.29 Billion |
| CAGR (2024 - 2029) | 8.41 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Aerospace Composites Market Analysis
The Europe Aerospace Composites Market size is estimated at USD 5.53 billion in 2024, and is expected to reach USD 8.29 billion by 2029, growing at a CAGR of 8.41% during the forecast period (2024-2029).
The characteristics of composites, like temperature and chemical resistance, lightweight, high stiffness, dimensional stability, and flex performance, among others, made their use popular in various aerospace components and structural applications.
Reduced maintenance and longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons that drive the composites market in the aerospace industry.
The increasing investments in the research and development (R&D) of advanced composite materials by several aerospace incumbents, like the General Electric Company, the Boeing Company, and Airbus SE, among others, are also supporting the growth of the Europe aerospace composites market.
