Automated fiber placement (AFP) machines and automated tape laying (ATL) machines are industrial robots which are used to place fibrous composite materials like carbon fiber, glass fiber or aramid fiber on tooling surfaces for manufacturing of composite parts used in aerospace, defense and other industries. These machines help in precise, consistent, and automated placement of reinforcements to create complex composite parts with improved tolerances and quality. The automated fiber placement and tape laying process can yield significant time savings in comparison to manual layup while improving part consistency.
The global Automated Fiber Placements And Automated Tape Laying Machines Market is estimated to be valued at US$ 1 Billion in 2031 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 Opportunity:
Lower labor cost and time savings associated with the automated fiber placement and tape laying machines present significant growth opportunity. Automated fiber placement and automated tape laying machines reduce labor requirements by automating the composite layup process. Manual layup of prepreg tows and tapes is labor intensive and time consuming. AFP and ATL machines automate the laying process and can achieve layup rates 10-30 times faster than manual layup methods. This results in lower labor and manufacturing costs due to faster cycle times. For aviation composites where labor costs account for 50-60% of total production costs, automation through AFP and ATL machines helps lower the costs considerably. This cost advantage is driving increased adoption of automated fiber placement and tape laying machines across industries.
Porter's Analysis
Threat of new entrants: New entrants face high capital requirements to enter this market as they need to invest in machinery and technical expertise. Moreover, established players have strong brand recognition and customer loyalty.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many established players providing automated fiber placement and tape laying machines. However, switching costs are low.
Bargaining power of suppliers: A few large multinational companies dominate the supply of raw materials and components used in automated fiber placement and tape laying machines. This gives them significant bargaining power over manufacturers.
Threat of new substitutes: There is a low threat of substitution as automated fiber placement and tape laying machines provide precision and productivity benefits that are difficult to replicate.
Competitive rivalry: The market is growing at a steady pace with major players competing on the basis of technology, product innovation and price.
SWOT Analysis
Strengths: Automated fiber placement and tape laying machines enhance productivity and reduce production costs. They offer precision layering of composite materials.
Weaknesses: High initial investment requirements for machinery pose challenges for small players. Technical complexities also require skilled workforce.
Opportunities: Growth in demand from aerospace and defense industries due to increased aircraft deliveries drives market potential. Adoption in other industries such as transportation and energy also provides opportunities.
Threats: Economic slowdowns could negatively impact capital expenditures of end-use industries. Trade barriers and geopolitical risks also act as threats.
Key Takeaways
The Global Automated Fiber Placements And Automated Tape Laying Machines Market is expected to witness high growth over the forecast period of 2024 to 2031 driven by increasing demand from the aerospace industry. The global Automated Fiber Placements And Automated Tape Laying Machines Market is estimated to be valued at US$ 1 Billion in 2031 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Regional analysis: North America dominates the market currently due to strong presence of manufacturers such as Electroimpact Inc. and AcculonKKR however Asia Pacific is expected to grow at the fastest pace owing to increasing aerospace manufacturing in countries such as China, Japan and India.
Key players: Key players operating in the automated fiber placement and tape laying machines market are Electroimpact Inc., AcculineKKR, M.Torres Diseños Industriales SAU, Automated Dynamics, and Mikrosam AD. Electroimpact Inc. holds a significant market share owing to its wide product portfolio.
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