The global carbon fiber market size is expected to reach USD 12.93 Billion and register a robust revenue CAGR of 10.8% during the forecast period, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to rising demand for carbon fiber from aerospace and defense sector as well as from automotive, marine, and sports industries and sectors. Carbon fibers are strong and highly durable to stress, which makes the material highly dependable for a variety of critical and simple applications and products. Aircraft operating in aviation and defense sectors require strength and need to be light weight to function efficiently.
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Key Highlights From Report
- Europe accounted for largest revenue share contribution to the global market in 2020, which is expected to increase significantly during the forecast period. This can be attributed to presence of high end automobile manufacturers as well as major aircraft manufacturers in countries in the region.
- The aerospace and defense segment accounted for largest revenue share in 2020. This growth can be attributed to wide usage of carbon fibers in aviation and defense sector owing to lightweight and high strength properties, which in turn increases fuel efficiency and maneuverability of aircraft in flight. Moreover, key players such as Airbus and Boeing have started using carbon fiber composites to build aircraft bodies.
- Major companies operating in Carbon Fiber are Toray Industries Inc., SGL Group, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Teijin Limited, Formosa Plastics Corporation, Solvay, Jiangsu Hengshen Co. Ltd., Hyosung, and DowAksa.
Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Global Carbon Fiber Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Carbon Fiber industry.
- Raw Material Outlook (Revenue, USD Billion; 2018–2028)
- PAN–based carbon fiber
- Pitch–based carbon fiber
- Rayon–based carbon fiber
- Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Continuous carbon fiber
- Long carbon fiber
- Short carbon fiber
- End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Aerospace & defense
- Automotive
- Wind Energy
- Sporting goods
- Electrical & electronics
- Civil Engineering
- Pipe & Tank
- Marine
- Others (medical, oil & gas, 3D printing, high speed & metro train, hydrogen gas storage, electrode for batteries)
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Global Sensor Fusion Market Report – Table of Contents:
1. Report Overview
- 1.1 Research Scope
- 1.2 Key Sensor Fusion market segments
- 1.3 Target players
- 1.4 Market analysis by type
- 1.5 Market analysis by application
- 1.6 Key learning objectives
- 1.7 Report timeline
2. Global Growth Trends
- 2.1 Global Sensor Fusion market size
- 2.2 Latest trends of the Sensor Fusion market by region
- 2.3 Key corporate trends
3. Global Sensor Fusion Market share by key players
- 3.1 Global Sensor Fusion Market size by manufacturers
- 3.2 Global Sensor Fusion Market key players
- 3.3 Products/solutions/services of major players
- 3.4 New entrants in the Sensor Fusion market
- 3.5 Mergers, acquisitions, joint ventures, and expansion plans
4. Global Sensor Fusion Market by product type
- 4.1 Global Sensor Fusion Sales by Product
- 4.2 Global Sensor Fusion by Product Revenue
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Significant Features of the Carbon Fiber Market Report:
- Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
- Assessment of the existing and emerging trends of the business sphere
- Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
- Significant breakdown of the market to assess the factors that might influence the global market growth
- An 8-year forecast for better understanding of the workings and growth opportunities of the market
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