Global Aeroengine Composites Market Insights 2024, Forecast To 2033

The aeroengine composites market has witnessed rapid growth, ascending from $2.22 billion in 2023 to $2.6 billion in 2024, showcasing a compound annual growth rate (CAGR) of 17.1%. This growth is attributed to the imperative for weight reduction, the demand for improved fuel efficiency, regulatory standards for emissions, and an increased emphasis on engine performance. Future projections indicate sustained growth, reaching $4.45 billion in 2028, with a CAGR of 14.4%. Driving factors include the rise in demand for lightweight aircraft, the continued development of advanced composite materials, stringent emission regulations, the growing adoption of carbon fiber composites, and an increased focus on sustainable aviation. Noteworthy trends encompass the integration of 3D printing in composite manufacturing, advancements in nano-composites for aeroengines, the application of hybrid composite structures, the development of self-healing composites, and an emphasis on recycling and circular economy in composite production.