Light-Weight Composite Fuselage Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Light-Weight Composite Fuselage Market is Segmented By Material (Carbon Fiber Composite, Glass Fiber Composite, Other), By Aircraft (Commercial, Military, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Light-Weight Composite Fuselage Market Size

Global Light-Weight Weight Composite Fuselage Market reached USD 287.2 million in 2022 and is expected to reach USD 535.3 mllion by 2030, growing with a CAGR of 8.1% during the forecast period 2023-2030. The desire to reduce operational costs, rising consumer preferences, electrification, and the increasing significance of technologies like electric and hydrogen aircraft as well as sophisticated materials continue to drive innovation in the aerospace and defense sector. 

The increasing demand for fuel-efficient and lightweight airplanes has led to tremendous growth in the global market for lightweight composite fuses in recent years. In comparison to conventional metallic structures, lightweight composite fuselages provide a number of advantages, including decreased weight, increased payload capacity, higher fuel efficiency, and superior resistance to corrosion and fatigue. 

For instance, in July 2023, Connova AG has been selected by Dufour Aerospace as the primary supplier for the composite airframe of the unmanned tilt-wing Aero2 aircraft. Connova AG will manufacture the key sub-assemblies of the main airframe's wing, fuselage, and engine. Therefore, Europe accounted for nearby 1/3rd of the global shares and is expected to grow at a significant CAGR during the forecasted period. 

Light-Weight Composite Fuselage Market Scope

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Light-Weight Composite Fuselage Market Dynamics

High Levels of Automation in Composite Manufacturing

The global market for lightweight composite fuselage is significantly impacted by high degrees of automation in composite manufacturing. Numerous advantages of automation include improved quality control, lower labour costs, higher overall productivity, and increased production efficiency.

By limiting manual intervention and lowering the possibility of mistakes, automation streamlines the manufacturing process. Automated systems can carry out repetitive activities more quickly and accurately, increasing manufacturing efficiency. 

For instance, automated robotic systems can accurately lay out composite materials and shorten cycle times, enabling the construction of lightweight composite fuselages more quickly. Assembly time is greatly reduced in composite production because to high degrees of automation.

Increasing Demand for Light-Weight Aircrafts

Aircraft that are lighter than their heavier counterparts use less fuel. Because the aeroplane is lighter, it can use less fuel, which saves money for the airlines. Traditional aluminium structures used in the manufacturing of aeroplanes are substantially heavier than composite materials, such as carbon fibre composites. As a result, composite fuselages are being used more frequently by aircraft builders to reduce weight and improve fuel efficiency.

For instance, the Boeing 787 Dreamliner's fuselage makes substantial use of composite materials, improving fuel efficiency by 20% over previous-generation aircraft. The Dreamliner's advantage in fuel efficiency has made it a popular choice among airlines, which has increased demand for lightweight composite fuselage technology. 

High Initial Capital Costs

Although there is an increasing need for lightweight composite fuselages in the aviation sector, the high initial cost of these cutting-edge materials may provide a barrier to the market's expansion.

When compared to standard aluminium fuselages, the manufacturing costs of lightweight composite fuselages are much greater since they require intricate procedures, specialised tools, and experienced labour. Composite materials, like carbon fibre composites, are relatively expensive to procure and produce. Additionally, the processes used to manufacture composites, such as autoclave curing, can be costly and time-consuming. 

Light-Weight Composite Fuselage Market Segment Analysis

The global light-weight weight composite fuselage market is segmented based on material, aircraft and region.

Owing to High Strength-to-Weight Ratio, Carbon Fiber Composites Drives the Segmental Growth

Because of their remarkable strength-to-weight ratio, carbon fibre composites are much stronger and lighter than conventional materials like aluminium. This characteristic enables aeroplane designers to lighten the fuselage, enhancing fuel economy and increasing payload capacity. Carbon fibre composites are perfect for assuring structural integrity in fuselage components since they can tolerate high loads and strains. Therefore, carbon fiber composite materials holds the nearly half of total segmental share.

Global Light-Weight Composite Fuselage Market Geographical Share

Established Aerospace Industry Drives the North American Light-Weight Weight Composite Fuselage Market

Due to a number of variables, including technological developments, a significant aerospace sector presence, and innovation, North America is a market leader in the world for lightweight composite fuselage. Due to a number of variables, including technological developments, a significant aerospace sector presence, and innovation, North America is a market leader in the world for lightweight composite fuselage. Therefore, the North America dominates the global light-weight weight composite fuselage with significant global market share.

Light-Weight Composite Fuselage Market Companies

The major global players include Airbus, Boeing, Bombardier Aerospace (now part of Airbus as Airbus Canada), Embraer, Mitsubishi Aircraft Corporation, Comac (Commercial Aircraft Corporation of China), Gulfstream Aerospace, Dassault Aviation, Pilatus Aircraft Ltd. and Textron Aviation.

COVID-19 Impact on Light-Weight Composite Fuselage Market

The global market for lightweight composite fuses has been greatly impacted by the COVID-19 epidemic, among other industries. Lockdowns, travel bans, and decreased manufacturing output caused by the epidemic caused disruptions in the world's supply networks. This had an impact on the supply of the raw materials, parts, and completed goods required for the manufacture of lightweight composite fuselages.

As nations enacted travel restrictions and lockdown measures, the demand for air travel dramatically decreased, negatively affecting the aviation industry. This had a negative impact on the market for lightweight composite fuselages since it led to a considerable drop in new aircraft orders and postponed deliveries. 

Russia- Ukraine War Impact

Supply chains are affected by the conflict and its tensions, especially if the area is a major source or producer of raw materials, parts, or completed goods for lightweight composite fuselages. European manufacturers may experience delays, shortages, and higher costs as a result of supply chain disruptions. Supply chains may be affected by the conflict and its tensions, especially if the area is a major source or producer of raw materials, parts, or completed goods for lightweight composite fuselages. Worldwide manufacturers may experience delays, shortages, and higher costs as a result of supply chain disruptions. 

Scope

By Material

• Carbon Fiber Composite
• Glass Fiber Composite
• Other 

By Aircraft

• Commercial
• Military
• Others 

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In December 2022, For the Skyfly eVTOL aircraft, Norco will produce the fuselage, wings, and composite components. Skyfly intends to produce an entire aircraft that weighs no more than 220 kilograms and accomplish low-cost, accurate, and repeatable manufacturing for the advancement of series production.
• In Septeber 2022, As part of a global goal for more environmentally friendly airframes, Collins Aerospace in Almere developed a 7-meter raceway for the Clean Sky 2 MFFD lower fuselage utilising unique CCM and tooling technology. In contrast, the Riverside factory in U.S. improves AFP and welding.
• On February 8, 2022, The carbon composite fuselage for Vertical Aerospace's VX4 electric aircraft will be designed, tested, manufactured, and supplied in a joint development programme with Leonardo, a leading aerospace and technology company that is pioneering zero-emissions aviation.

Why Purchase the Report?

• To visualize the global light-weight weight composite fuselage market segmentation based on material, aircraft and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of light-weight weight composite fuselage market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global light-weight weight composite fuselage market report would provide approximately 53 tables, 46 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals 
• Emerging Companies