Published Year: 2023
Advanced Space Composites Market - A Global and Regional Analysis: Focus on Platform, Component, Mat
The global advanced space composites market is projected to reach $4.61 billion by 2033 from...
Market Research Report
A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 Advanced Space Composites Market: Overview
1.1.2 Supply Chain Analysis
2.1 Global Advanced Space Composites Market (by Region)
2.2 Asia-Pacific
2.2.1 Market
2.2.1.1 Key Players in Asia-Pacific
2.2.1.2 Business Driver
2.2.1.3 Business Challenge
2.2.2 Application
2.2.2.1 Asia-Pacific Advanced Space Composites Market (by Platform)
2.2.2.2 Asia-Pacific Advanced Space Composites Market (by Component)
2.2.3 Product
2.2.3.1 Asia-Pacific Advanced Space Composites Market (by Material)
2.2.3.2 Asia-Pacific Advanced Space Composites Market (by Manufacturing Process)
2.2.4 Asia-Pacific (by Country)
2.2.4.1 China
2.2.4.1.1 Market
2.2.4.1.1.1 Key Players in China
2.2.4.1.2 Application
2.2.4.1.2.1 China Advanced Space Composites Market (by Platform)
2.2.4.1.3 Product
2.2.4.1.3.1 China Advanced Space Composites Market (by Material)
2.2.4.2 Japan
2.2.4.2.1 Market
2.2.4.2.1.1 Key Players in Japan
2.2.4.2.2 Application
2.2.4.2.2.1 Japan Advanced Space Composites Market (by Platform)
2.2.4.2.3 Product
2.2.4.2.3.1 Japan Advanced Space Composites Market (by Material)
2.2.4.3 India
2.2.4.3.1 Market
2.2.4.3.1.1 Key Players in India
2.2.4.3.2 Application
2.2.4.3.2.1 India Advanced Space Composites Market (by Platform)
2.2.4.3.3 Product
2.2.4.3.3.1 India Advanced Space Composites Market (by Material)
2.2.4.4 Rest-of-Asia-Pacific
2.2.4.4.1 Application
2.2.4.4.1.1 Rest-of-Asia-Pacific Advanced Space Composites Market (by Platform)
2.2.4.4.2 Product
2.2.4.4.2.1 Rest-of-Asia-Pacific Advanced Space Composites Market (by Material)
3.1 Competitive Benchmarking
3.2 Company Profiles
3.2.1 Teijin Limited
3.2.1.1 Company Overview
3.2.1.1.1 Role of Teijin Limited in the Advanced Space Composites Market
3.2.1.1.2 Product Portfolio
3.2.1.2 Corporate Strategies
3.2.1.2.1 Acquisition
3.2.1.3 Analyst View
3.2.2 Sample Company
3.2.2.1 Overview
3.2.2.2 Top Products / Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share
3.2.3 Sample Company
3.2.3.1 Overview
3.2.3.2 Top Products / Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.3.7 Market Share
3.2.4 Sample Company
3.2.4.1 Overview
3.2.4.2 Top Products / Product Portfolio
3.2.4.3 Top Competitors
3.2.4.4 Target Customers
3.2.4.5 Key Personnel
3.2.4.6 Analyst View
3.2.4.7 Market Share
3.2.5 Sample Company
3.2.5.1 Overview
3.2.5.2 Top Products / Product Portfolio
3.2.5.3 Top Competitors
3.2.5.4 Target Customers
3.2.5.5 Key Personnel
3.2.5.6 Analyst View
3.2.5.7 Market Share
3.2.6 Sample Company
3.2.6.1 Overview
3.2.6.2 Top Products / Product Portfolio
3.2.6.3 Top Competitors
3.2.6.4 Target Customers
3.2.6.5 Key Personnel
3.2.6.6 Analyst View
3.2.6.7 Market Share
3.2.7 Launch Vehicle and Satellite Manufacturers
3.2.7.1 ArianeGroup
3.2.7.2 Blue Origin
3.2.7.3 Boeing
3.2.7.4 Firefly Aerospace
3.2.7.5 Lockheed Martin
3.2.7.6 MDA Space
3.2.7.7 Northrop Grumman
3.2.7.8 Rocket Lab, Inc.
3.2.7.9 SpaceX
3.2.7.10 Thales Alenia Space
3.2.8 Other Key Player Profiles
4.1 Factors for Data Prediction and Modeling
Asia-Pacific Advanced Space Composites Market Report Coverage
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Asia-Pacific Advanced Space Composites Market |
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Base Year |
2022 |
Market Size in 2023 |
$0.30 Billion |
|
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$0.95 Billion |
|
CAGR During Forecast Period |
12.38% |
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How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different types of solutions available for deployment and their potential globally. Moreover, the study provides the reader with a detailed understanding of the APAC advanced space composites market by technology, inclusive of the key developments in the respective segments globally.
Growth/Marketing Strategy: The APAC advanced space composites market has seen some major development by key players operating in the market, such as partnership, collaboration, and joint venture. The favored strategy for the collaboration between government space agencies and private players is primordially contracting the development and delivery of advanced materials and specialized composite components for space system applications.
Competitive Strategy: Key players in the APAC advanced space composites market have been analyzed and profiled in the study, inclusive of major segmentations and service offerings companies provide in the technology segments, respectively. Moreover, a detailed competitive benchmarking of the players operating in the APAC advanced space composites market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the revenue pockets in the market.
Methodology: The research methodology design adopted for this specific study includes a mix of data collected from primary and secondary data sources. Both primary resources (key players, market leaders, and in-house experts) and secondary research (a host of paid and unpaid databases), along with analytical tools, are employed to build the predictive and forecast models.
Data and validation have been taken into consideration from both primary sources as well as secondary sources.
Introduction To Asia-Pacific Advanced Space Composites Market
The Asia-Pacific (APAC) Market is expected to grow by CAGR: 12.38% from 0.26 billion in 2022 to 0.95 billion in the forecasted period of 2023-2033.
In the Asia-Pacific (APAC) aerospace industry, the advanced space composites market is growing quickly in importance as a critical sector. The growing need for strong, lightweight materials that can transform satellite technology and space exploration is driving this expansion. Composites are a class of materials that mix several elements to provide superior mechanical, thermal, and structural qualities. These materials are creating new opportunities to improve the performance and efficiency of space systems.
This market contains a number of very interesting segments, all of which contribute to the innovative application of advanced composites in space technologies. For example, composite materials play a crucial role in the development of lightweight, strong frameworks for satellite structures and components that can endure the demands of launch, vacuum conditions, and thermal extremes. These materials enable the development of larger and more complex satellites, accommodating advanced payloads and expanding communication, Earth observation, and scientific capabilities.
Market Introduction
The Advanced Space Composites Market is expanding and changing quickly within the aerospace industry, which is seeing the Asia-Pacific (APAC) region emerge as a dynamic and significant player in the world stage. Advanced space composites are transforming space exploration, satellite technology, and numerous aerospace initiatives around the APAC region. These materials are created for excellent strength-to-weight ratios, exceptional endurance, and flexible uses.
Market Segmentation:
Segmentation 1: by Platform
• Satellites
• Launch Vehicles
• Deep Space Probes and Rovers
Launch Vehicles to Dominate as the Leading Platform Segment
The advanced space composites market’s platform segment is led by the launch segment, with a 40.25% share in 2023. The application of advanced composite materials in launch vehicles has brought significant advancements, offering numerous benefits, including weight reduction, increased payload capacity, improved structural integrity, enhanced fuel efficiency, and enhanced performance. Launch vehicle manufacturers are now focusing on designing and developing smaller, less complex, reusable, and cost-efficient launch vehicles, which are facilitated by the growth of small satellites. However, with the rise in satellite launches in the past few years and the expected small satellite mega constellation in the next decade, it is anticipated that the satellites segment will register the highest growth during the forecast period 2023-2033.
Segmentation 2: by Component
• Payloads
• Structures
• Antenna
• Solar Array Panels
• Propellent Tanks
• Spacecraft Module
• Sunshade Door
• Thrusters
• Thermal Protection
Structures Segment to Dominate the APAC Advanced Space Composites Market (by Component)
The structures segment is expected to dominate the market during the forecast period from 2023 to 2033. The factor contributing to this growth is the increased focus of space companies to develop reusable launch vehicles as well as small launch vehicles (SLVs).
Segmentation 3: by Material
• Carbon Fiber
• Glass Fiber
• Thermoset
• Thermoplastic
• Nanomaterials
• Ceramic Matrix Composites (CMC) and Metal Matrix Composites (MMC)
• Others
Carbon Fiber Segment to Lead the APAC Advanced Space Composites Market (by Material)
The advanced space composites market’s material segment is led by carbon fiber, with a 31.1% share in 2023. Carbon fiber composites have been used by the space industry for several decades and are continuously being used for several space applications, including launch vehicles, satellites, experimental systems, suborbital vehicles, and deep space probes. Recent advancements in carbon fiber manufacturing techniques have enhanced its flexibility, resulting in the introduction of novel carbon fiber types with improved modulus and strength tailored for space system applications.
Segmentation 4: by Manufacturing Process
• Automated Fiber Placement (ATL/AFP)
• Compression Molding
• Additive Manufacturing
• Others
Segmentation 5: by Service
• Repair and Maintenance
• Manufacturing
• Design and Modeling
Segmentation 6: by Region
• Asia-Pacific
Key Drivers
One of the main factors propelling the APAC Advanced Space Composites Market is the increasing need for materials that are both lightweight and very durable. These materials are essential for contemporary space applications since they provide unmatched chances to improve the effectiveness and capacities of space borne equipment.
Asia-Pacific Advanced Space Composites Market - Analysis and Forecast, 2023-2033
Some Faq's
Frequently Asked Questions
The Asia-Pacific (APAC) Market is expected to grow by CAGR: 12.38% from 0.26 billion in 2022 to 0.95 billion in the forecasted period of 2023-2033.
Carbon or ceramic fiber reinforced with carbon or ceramic matrix composites are known as ceramic matrix composites. Among these materials, carbon-carbon is the most prevalent. The Space Shuttle was shielded against temperatures reaching 2,300°F during reentry by carbon-carbon plates on the nose and leading edge of the wings.
The global advanced spaced composite market is expected to grow at a CAGR of 12.11% from 1.31 Billion USD to 4.61 Billion USD in the forecasted period of 2023 -2033.
Advanced composites, also known as polymer composites, are created by mixing a polymer—a resin—with a reinforcement, like fiberglass, carbon fiber, or aramid fiber.
A composite material is created by combining two or more distinct materials with notably dissimilar chemical or physical characteristics. By utilizing the distinct qualities of each component material, these components combine to produce a material with better qualities to its component parts. On the other hand, an advanced composite is extremely durable and has a high strength-to-weight ratio. They are a particular kind of composite material that are utilized in applications that call for low weight, high strength, and great durability. In the field of aircraft engineering and production, where the best product must be produced at the lowest possible cost, these qualities are crucial.
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