The growing demand for lighter and stronger materials from industries like aerospace, defense and wind energy has accelerated the need for automated composite layup machines.
The global Automated Fiber Placements And Automated Tape Laying Machines Market is estimated to be valued at US$ 1.2 billion 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 key trends:
The increased adoption of composite materials across major end-use industries is a key trend fueling the growth of the automated fiber placements and automated tape laying machines market. Composite materials provide advantages like high strength-to-weight ratio, corrosion resistance and flexibility in designs. Industries are increasingly replacing metals with advanced composites to manufacture lightweight and fuel-efficient products. For instance, around 50% of a modern aircraft by weight is composed of advanced composites. Similarly, wind turbine blades are also predominantly made from composites. The precision and efficiency offered by automated composite layup machines allows higher production volumes to meet the growing demand for composite parts. This is driving manufacturers to increasingly automation fiber placement and tape laying processes thereby propelling the market growth over the forecast period.
Segment Analysis
The global automated fiber placements and automated tape laying machines market is segmented based on machine type and end-use industry. Based on machine type, the automated fiber placements segment dominates market share and is expected to witness significant growth over the forecast period. This is due to its ability to place fibers in intersecting planes accurately, thereby catering to increasing demand from aerospace and defense industries requiring precision in composite structure manufacturing.
Key Takeaways
The Global Automated Fiber Placements And Automated Tape Laying Machines Market Demand is expected to witness high over the forecast period of 2024 to 2031. The global Automated Fiber Placements And Automated Tape Laying Machines Market is estimated to be valued at US$ 1.2 billion in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Regional analysis: North America currently dominates market share owing to presence of established players in the region focusing on R&D to develop advanced automated fiber placement machines. However, Asia Pacific is expected to witness fastest growth fueled by rising aircraft deliveries from China and India coupled with increasing investments by composite manufacturers in the region.
Key players: Key players operating in the automated fiber placements and automated tape laying machines market are Electroimpact Inc., Accudyne Systems, Inc., Mikrosam AD. Automated Fiber Placement machines offered by these players cater to precision and productivity requirements of aerospace OEMs and tier players.
The global automated fiber placements and automated tape laying machines market is segmented based on machine type and end-use industry. Based on machine type, the automated fiber placements segment dominates market share and is expected to witness significant growth over the forecast period of 2024 to 2031. This is due to its ability to place fibers in intersecting planes accurately, thereby catering to increasing demand from aerospace and defense industries requiring precision in composite structure manufacturing.
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