(EMAILWIRE.COM, January 15, 2019 ) Stratview Research has published a new research report on Indian Aerospace Composites Market. This extensive 200-page report by Stratview Research analyses the growth of Indian Aerospace Composites Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• by Opportunity Type (Indigenous Opportunities, Export opportunities, and Others)
• by Aircraft Type (Civil Aviation, Military Aviation, and Others)
• by Application Type (Aerospace Exterior Composites, Aerospace Interior Composites)
• by Resin Type (Epoxy Composites, Phenolic Composites, and others)
• by Fiber Type (Carbon Fiber Composite, Glass Fiber Composites, and Others)
• and by Process Type (Hand Layup, Other Processes)
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Increasing penetration of composites

The next five years for the Indian aerospace composites market are going to be extremely vigorous with significant growth opportunities in both indigenous as well as export market. It is estimated that the market for aerospace composites in India including export potential is likely to reach a value of US$ 302.5 million in 2023. Currently, the market is relatively very small with the presence of a few local players, which possess good composite capabilities. However, it is expected that the Indian market is likely to evolve rapidly in terms of both demand as well as technology in order to cater to the huge indigenous demand for commercial as well as military aircraft.

Exterior segment to remain dominant

Based on the application type, the Indian aerospace composites market is segmented into exterior and interior. The exterior segment is likely to remain dominant in the market during the forecast period. Composites are increasingly used in aircraft exterior with the purpose to leverage the potential of composites including lightweight, corrosion resistance, and abrasion resistance.

Top market players

Some of the key players in the aerospace composites market in India are Tata Group, Hindustan Aeronautics Ltd. (HAL), Kineco Kaman Composites - India Private Ltd., Valeth High Tech Composites Pvt Ltd, Taneja Aerospace and Aviation Limited, and Adani Defense and Aerospace Group. Execution of joint ventures and partnership and development of new composite applications are the key strategies adopted by the major players in the Indian aerospace composites market.

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
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