Between 1970 and 2017, the global air traffic, in terms of passengers flown, grew by more than 10 times, as per the data available with the World Bank. In 1970, the world’s airlines flew 310,441,392 passengers, the number of which grew to almost 4 billion in 2017. And, as per IATA estimates, in the first quarter of 2019 itself, 4.5 billion passengers have already flown across the world! It isn’t just because the airlines already in existence are carrying an increasing number of passengers, but also because the number of airlines in operation is growing significantly.
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Both these factors directly suggest an exponential increase in the global demand for aircraft, to meet which aerospace companies have had to drastically raise their production capacities. This, in turn, is continuously increasing the consumption of ceramic matrix composites.
In 2016, the ceramic matrix composites market had valued $2.2 billion, and it is predicted progress steadily to ultimately reach $6.0 billion. Ceramic matrix composites are made by embedding ceramic fibers in a matrix composite. In the aerospace industry, these are used in the production of fighter aircraft ventral fins, helicopter rotor blade sleeves, and jet engine fan exit guide vanes.
Now, the reason these are essential is their less weight compared to traditional materials, weight being an important factor deciding aircraft speed, maneuverability, and the height it can achieve. This is of even more importance in military aircraft that need to climb almost vertically at almost Mach 2.0 (twice the speed of sound), cut tight corners (especially if engaged in a dogfight or traversing mountainous terrain), and drop bombs and get the hell out of there.
GLOBAL CERAMIC MATRIX COMPOSITES MARKET
- By Product — Oxide, Silicon Carbide, Carbon and Others
- By Application — Aerospace, Defense, Energy & Power, Electrical & Electronics and Others
- By Region — North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Central & South America (CSA)
GLOBAL CERAMIC MATRIX COMPOSITES MARKET, BY GEOGRAPHY
North America Ceramic Matrix Composites Market
- By Product
- By Application
- By Country — U.S.
Europe Ceramic Matrix Composites Market
- By Product
- By Application
- By Country — Germany, France, and U.K.
Asia-Pacific Ceramic Matrix Composites Market
- By Product
- By Application
- By Country — China, India, and Japan
MEA Ceramic Matrix Composites Market
- By Product
- By Application
CSA Ceramic Matrix Composites Market
- By Product
- By Application
Market Street 