April 12, 2024

Automated Fiber Placements And Automated Tape Laying Machines Market Poised For High Growth Due To Increasing Demand For Composite Materials In Aerospace Industry

Automated fiber placements and automated tape laying machines offer advantages such as reduced production cycle time and labor cost through automation of composite components manufacturing process. Composites provide benefits like high strength-to-weight ratio, durability, and corrosion resistance. Their demand is rising across industries like aerospace, transportation, and infrastructure for increased use in manufacturing airframes, engine parts, wind turbines, pipes, and others.

The Global automated fiber placements and automated tape laying machines Market is estimated to be valued at US$ 355.11 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Automated Fiber Placements And Automated Tape Laying Machines Market Size are Callaway Golf Company, Sumitomo Rubber Industries, Nike Inc., Acushnet Holdings, Mizuno Corporation, Taylormade Golf Company Inc., Adidas Group, Bridgestone Corporation, Puma SE, PING, and Anta Sports Products Limited (Amer Sports). These companies are focusing on R&D investments to enhance productivity and develop advanced composite material placement technologies.

There is a growing demand for automated fiber placement machines from aerospace OEMs and tier players for manufacturing composite components of commercial aircrafts. Emerging economies in Asia Pacific are witnessing major investments in aviation infrastructure which is anticipated to boost regional market growth over the forecast period.

With increasing global air passenger traffic, aircraft fleet is expected to double by 2036. This is encouraging manufacturers to expand production facilities at strategic locations for timely deliveries. Growing aerospace manufacturing activities across regions like North America, Europe, and Asia Pacific are fueling the demand for automated composite material placement machines for achieving higher production outputs.

Market drivers
Automated fiber placements and tape laying machines offer benefits like precision placement of fibers or tapes according to part design with minimized waste, improved part quality and repeatability. Their ability to enhance production throughput and reduce manufacturing cycle times compared to manual layup processes is a major growth driver for this market. Growing aircraft fleet and manufacturers’ focus on achieving higher outputs are further propelling demand for automated composite material placement technology.

PEST Analysis

Political: The development of the automated fiber placements and automated tape laying machines market is influenced by various government regulations and standards related to workplace safety, industrial automation and product quality.

Economic: Growth in industries such as aerospace, transportation and energy is fueling demand for advanced composite materials which is driving the need for automated fiber placement and tape laying machines for high-volume production.

Social: Increased consumer preference for lightweight, durable and environment-friendly materials is a key factor in the wider adoption of composites in various industrial sectors. This is creating social acceptance for advanced composite manufacturing technologies.

Technological: Recent innovations in machine vision, robotics and control systems have enabled higher throughput, precision and reliability in automated fiber placement and tape laying machines. Additional improvements are being made to expand their capabilities for different materials.

The market in terms of value is concentrated most in North America due to strong presence of aerospace and defense firms in the United States and Canada. Europe is another major region driven by growth of the wind energy and transportation industries.

The Asia Pacific region is forecasted to be the fastest growing for the automated fiber placements and automated tape laying machines market during the forecast period. This is attributed to rapid industrialization and infrastructure development initiatives across countries like China, India and Vietnam to meet growing domestic demand. Government efforts to promote local manufacturing will also support market growth.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it