Market Overview:
The global aerospace grade honeycomb core market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,711.5 Mn by 2030, registering a CAGR of 7.9% from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into aluminum honeycomb core and aramid fiber honeycomb core. On the basis of application, the market is segmented into aircrafts, helicopters space applications and others (marine vessels etc.). The North America aerospace grade honeycomb core market was valued at US$ 527 Mn in 2017 and is projected to reach US$ 1,064 Mn by 2030 at a CAGR of 8%. Europe was second largest region for aerospace grade honeycomb cores with revenue share estimated at 31% in 2017 followed by Asia Pacific with 27%.
Product Definition:
Aerospace grade honeycomb core is a lightweight, strong and stiff material used in the construction of aircraft and spacecraft. The honeycomb core is made up of small hexagonal cells that are filled with air, which makes it less dense than other materials. This makes the honeycomb core an ideal material for use in aircraft and spacecraft, as it is both strong and lightweight.
Aluminum:
Aluminum is a metal that is abundant in the earth's crust. It can be found in bauxite, ores, and minerals. The most common form of aluminum is aluminide which has a hexagonal crystalline structure and can be easily obtained as an Ingot or Sheet from the aforementioned sources.
Aramid Fiber:
Aramid fiber is a type of synthetic fiber that is made up of carbon and hydrogen atoms in the form of a polymer. The product name comes from the fact that it has high tensile strength, resistant to abrasion & heat, and excellent thermal insulation properties. It also has good electrical insulating properties but at a higher cost than glass fibers.
Application Insights:
Aircraft was the largest application segment and accounted for a revenue share of more than 60.0% in 2017. The demand is expected to be driven by the growth of air transportation services across various regions coupled with an increase in passenger traffic on a global level. Honeycomb core is used as a replacement for wood composites owing to its lightweight properties, which results in fuel efficiency improvement and reduced emissions when compared to traditional aircraft designs.
The use of honeycomb core materials also leads to weight reduction, which improves overall performance characteristics such as speed, maneuverability and climb ability when compared with other conventional materials used in aircraft manufacturing such as steel or aluminum alloys. These aforementioned factors are anticipated to drive the market over the forecast period thereby generating significant demand from aerospace grade honeycomb core manufacturers over the next eight years.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S., being a global aviation hub, is expected to witness significant growth over the forecast period owing to increasing demand from commercial and military aerospace industry. Furthermore, rising defense spending by countries such as Russia and China are anticipated to drive demand for advanced materials with superior strength properties, which will further propel market growth in North America region.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rapid expansion of end-use industries such as aerospace and defense in economies including India, Japan, South Korea among others are expected fuel market growth during the estimated time span.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient aircrafts
- Growing popularity of unmanned aerial vehicles (UAVs)
- Proliferation of advanced aerospace technologies
- Rising number of air passengers and freight traffic
- Stringent regulations on carbon emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Grade Honeycomb Core Market Research Report
By Type
Aluminum, Aramid Fiber
By Application
Aircraft, Helicopter, Space, Others
By Companies
Toray, Honylite, Plascore, Hexcel, Argosy XAC Composite Materials (AXAC), Rock West Composites, Advanced Honeycomb Technologies, Euro-Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Grade Honeycomb Core Market Report Segments:
The global Aerospace Grade Honeycomb Core market is segmented on the basis of:
Types
Aluminum, Aramid Fiber
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aircraft, Helicopter, Space, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray
- Honylite
- Plascore
- Hexcel
- Argosy XAC Composite Materials (AXAC)
- Rock West Composites
- Advanced Honeycomb Technologies
- Euro-Composites
Highlights of The Aerospace Grade Honeycomb Core Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum
- Aramid Fiber
- By Application:
- Aircraft
- Helicopter
- Space
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Grade Honeycomb Core Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace grade honeycomb core is a type of honeycomb that is specifically designed for use in aircraft. The core is made from a strong, lightweight material that can withstand high temperatures and pressure. This makes it ideal for use in components such as airbags, fuel tanks, and cockpit consoles.
Some of the major players in the aerospace grade honeycomb core market are Toray, Honylite, Plascore, Hexcel, Argosy XAC Composite Materials (AXAC), Rock West Composites, Advanced Honeycomb Technologies, Euro-Composites.
The aerospace grade honeycomb core market is expected to grow at a compound annual growth rate of 7.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Grade Honeycomb Core Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Grade Honeycomb Core Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Grade Honeycomb Core Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Grade Honeycomb Core Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Grade Honeycomb Core Market Size & Forecast, 2020-2028
4.5.1 Aerospace Grade Honeycomb Core Market Size and Y-o-Y Growth
4.5.2 Aerospace Grade Honeycomb Core Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Aramid Fiber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aircraft
6.2.2 Helicopter
6.2.3 Space
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Grade Honeycomb Core Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Grade Honeycomb Core Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Aramid Fiber
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aircraft
9.10.2 Helicopter
9.10.3 Space
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Aramid Fiber
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aircraft
10.10.2 Helicopter
10.10.3 Space
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Aramid Fiber
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aircraft
11.10.2 Helicopter
11.10.3 Space
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Aramid Fiber
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aircraft
12.10.2 Helicopter
12.10.3 Space
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Aramid Fiber
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aircraft
13.10.2 Helicopter
13.10.3 Space
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Grade Honeycomb Core Market: Competitive Dashboard
14.2 Global Aerospace Grade Honeycomb Core Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray
14.3.2 Honylite
14.3.3 Plascore
14.3.4 Hexcel
14.3.5 Argosy XAC Composite Materials (AXAC)
14.3.6 Rock West Composites
14.3.7 Advanced Honeycomb Technologies
14.3.8 Euro-Composites
