by Automated fiber placement and automated tape laying machines are used for laying composite materials like carbon fibers, aramid fibers, and glass fibers on tool surfaces to manufacture high-strength composite components. These machines play a critical role in the aerospace industry as they offer benefits like reduction in labor costs, improved production yields, and higher placement accuracy compared to traditional manual layup processes.
The global automated fiber placements and automated tape laying machines market is estimated to be valued at US$ 440 Million in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing Demand for Lightweight and High Strength Composites in Aerospace Industry: Automated fiber placement and automated tape laying machines enable the aerospace industry to produce large, complex, and high-performance composite parts in a more cost-effective manner. The growing production of next-generation fuel-efficient aircraft, which extensively uses composites to reduce weight, is driving the demand for these machines. Composites allow for a 15-20% weight reduction compared to traditional aluminum structures. This helps OEMs significantly lower fuel costs and meet stringent emission regulations, thereby boosting the adoption of automated fiber placement and automated tape laying machines.
Focus on Mass Production of Composite Parts: In addition to airframe components, the utilization of composites is also increasing in several other aerospace applications such as engine nacelles, fan case, and aircraft interior parts. To support the mass production of standardized composite parts for commercial and military aircraft programs, OEMs are automating their manufacturing processes with machines like automated fiber placement and automated tape laying machines. They enable producing identical parts consistently and at a much higher volume compared to labor-intensive manual layup processes. This increasing focus on scaling up the production of composite parts is expected to propel the demand for these automated composite manufacturing machines over the forecast period.
Segment Analysis
The Global Automated Fiber Placements And Automated Tape Laying Machines Market Size is dominated by the aerospace and defense segment. Over 60% of the demand comes from this segment as automated fiber placements and automated tape laying machines help in manufacturing composites used in aircraft components. The machines provide consistent fiber placement and improve production efficiency for making parts like wings, fuselage, and nose cones. The adoption of these machines is very high among commercial and military aircraft OEMs.
PEST Analysis
Political: Any potential trade restrictions or barriers between countries can disrupt supply chains and impact the market. However, most nations are promoting the aerospace industry which bodes well for market growth.
Economic: A steady rise in passenger and cargo air traffic is increasing demand for new aircraft. This is driving the need for advanced composites manufacturing technologies like AFP and ATL machines. Any decline in the economic conditions can temporarily impact market demand.
Social: With growing environmental concerns, composites are being widely used in aircraft to reduce weight and improve fuel efficiency. This social factor is contributing to the increased acceptance and demand for AFP and ATL machines in the aerospace industry.
Technological: Players are investing in R&D to develop machines with new capabilities like multi-axis movements and integration with robotics. This is helping improve production rates and lower costs. Adoption of digital technologies like IIoT and data analytics is also allowing remote monitoring and predictive maintenance of these machines.
Key Takeaways
The global automated fiber placements and automated tape laying machines market is expected to witness high growth over the forecast period supported by the increased aircraft deliveries worldwide. The aerospace and defense segment dominates the market and major OEMs are actively incorporating these machines into their advanced manufacturing facilities. The global automated fiber placements and automated tape laying machines market is estimated to be valued at US$ 440 Million in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Regional analysis: North America holds the leading share currently due to the presence of Boeing and major aircraft component manufacturers in the region. However, Asia Pacific is emerging as the fastest growing market with countries like China, Japan and India significantly increasing their aerospace manufacturing capabilities.
Key players: Key players operating in the automated fiber placements and automated tape laying machines market are Electroimpact, Accudyne Systems, M.Torres Diseños Industriales, Mikrosam, Coriolis Composites, and Automated Dynamics.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
