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Aircraft Composite Enclosures Market Will Account Majority of Industry Share from North America Region

Author : Ronak Bora | Published Date : 2019-04-05 

Global Market Insights, Inc. presents an extensive report on aircraft composite enclosures market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

North America will account for the majority share in the aircraft composite enclosures marketplace. This dominance is credited to the presence of major players across the region focusing on manufacturing advanced aircraft targeting diversified sectors, thereby supporting the regional growth. An increasing network of flights to major tourist locations is further strengthening the industry share till 2024.

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Fuel consumption accounts for the majority of the direct operating costs for an aircraft. The usage of lightweight composites for manufacturing aircraft components contributes significantly toward lowering the overall aircraft weight, thereby increasing the aircraft fuel efficiency considerably. Further, advancements in aircraft propulsion systems with improved power to weight ratio will positively influence the aircraft composite enclosures market growth till 2024.

Rising concerns for thermal management and difficulties in waste heat dissipation are playing a significant role in the increased usage of composite enclosures in aircraft. The superior heat absorption and prevention of unwanted exposure offered by these materials are positively influencing the aircraft composite enclosures business expansion over the study timeframe. The reduction in EMI of around 40dB is observed over a wide frequency range, positively influencing the aircraft composite enclosures market expansion till 2024.

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Based on aircraft, the aircraft composite enclosures marketplace is classified into military aircraft, commercial aviation, business aviation, and regional jets. Proliferating military expenditure along with advancements in aircraft technologies is playing a significant role in boosting the aircraft composite enclosure market share over the forecast period. Military aircraft system designers are continuously engaged in offering powerful, rugged, and shielded enclosures for mitigating radio frequency interference from external electric equipment, thereby delivering maximum performance along with multifunctional features.

Based on fiber, the aircraft composite enclosures market share is categorized into glass fiber composites and carbon fiber composites. The benefits offered by the glass fiber composites are lower cost, improved corrosion resistance, and lower weight compared to its counterparts, supporting the segment growth over the study timeframe.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/aircraft-composite-enclosures-market

Few players in the aircraft composite enclosures marketplace include TE Connectivity, Automated Dynamics, AIM Aerospace, Carlisle Interconnect Technologies, and Connective Design, Inc. Strategic acquisitions and mergers are among the prominent strategies adopted by the industry participants for increasing their market share.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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