Global Space Carbon Fiber Composite Market 2023

Global Space Carbon Fiber Composite Market 2023

Description
Space carbon fiber composites are materials used in the aerospace industry, specifically in space applications. These composites are made from carbon fibers, which are known for their high strength-to-weight ratio and resistance to fatigue and corrosion. Space carbon fiber composites are used to create lightweight and durable structures for satellites, launch vehicles, and deep space exploration missions.

According to the latest research, the global space carbon fiber composite market is poised to grow by USD 418.6 million during 2023-2029, progressing at a CAGR of 14.59% during the forecast period. The market for space carbon fiber composites is witnessing a significant surge due to the increasing demand for small satellites that possess a lightweight profile for communication and Earth observation applications. These composites offer the essential strength and structural integrity required while minimizing the weight of satellites.

Moreover, the growth of the commercial space sector has acted as a major catalyst behind the escalating demand for space carbon fiber composites. Leading companies such as SpaceX and Blue Origin are spearheading this flourishing sector, driving the need for lightweight and high-strength materials for reusable launch vehicles and other advanced space technologies. As the commercial space industry continues to expand rapidly, the demand for space carbon fiber composites is projected to soar even higher.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global space carbon fiber composite market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Raw material: PAN-based, pitch-based
Tensile modulus: ultrahigh modulus, high-modulus
Application: satellites, launch vehicles, deep space exploration
Manufacturing process: automated fiber placement (ATL/AFP), compression molding, additive manufacturing
End user: commercial, defense
Region: Asia-Pacific, Europe, North America, RoW (Rest of World)

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the raw material, tensile modulus, application, manufacturing process, end user, and region. The global market for space carbon fiber composite can be segmented by raw material: PAN-based, pitch-based. Globally, the PAN-based segment made up the largest share of the space carbon fiber composite market. Space carbon fiber composite market is further segmented by tensile modulus: ultrahigh modulus, high-modulus. The high-modulus segment captured the largest share of the market in 2022. Based on application, the space carbon fiber composite market is segmented into: satellites, launch vehicles, deep space exploration. According to the research, the launch vehicles segment had the largest share in the global space carbon fiber composite market. On the basis of manufacturing process, the space carbon fiber composite market also can be divided into: automated fiber placement (ATL/AFP), compression molding, additive manufacturing. The compression molding segment held the largest revenue share in 2022. Space carbon fiber composite market by end user is categorized into: commercial, defense. Globally, the commercial segment made up the largest share of the space carbon fiber composite market. The space carbon fiber composite market by region can be segmented into: Asia-Pacific, Europe, North America, RoW (Rest of World). North America captured the largest share of the market in 2022.

Major Companies and Competitive Landscape
The global space carbon fiber composite market report offers detailed information on several market vendors, including Calian Group Ltd., Hexcel Corporation, Mitsubishi Chemical Corporation, Oxeon AB, Redwire Corporation, RUAG Holding Ltd., SGL Carbon SE, Solvay S.A., Teijin Limited, Toray TCAC Holding B.V., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global space carbon fiber composite market.
To classify and forecast the global space carbon fiber composite market based on raw material, tensile modulus, application, manufacturing process, end user, region.
To identify drivers and challenges for the global space carbon fiber composite market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global space carbon fiber composite market.
To identify and analyze the profile of leading players operating in the global space carbon fiber composite market.

Why Choose This Report
Gain a reliable outlook of the global space carbon fiber composite market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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