THE ADVANCED SPACE COMPOSITES INDUSTRY SEES AN SIGNIFICANT GROWTH OVER THE YEARS

Composites have been employed in space applications for decades, and their application continues to grow. Composite applications can be seen on human spaceflight vehicles, satellites and payloads, and the launch vehicles used for space transportation. Composites in spacecrafts have proven to be successful and valuable when the mission requires the spacecraft to be lightweight and have environmental stability. In addition, advanced composites are majorly used in launch vehicles for a growing number of applications. For instance, solid rocket motors and pressure vessels, which are used for fuel and gas storage, are usually reinforced with advanced composites such as carbon fiber reinforced composite. Composites have become a requirement for ablative and other high-temperature components in rocket motor nozzles and re-entry heat shields.

Additionally, there are several factors that are contributing to the significant growth of the global advanced space composites industry. Some of these factors include increasing deployment of growing satellite launches and deep space activities, rising demand for radiation hardened electronics in the communication satellite segment, advancement in 3D printing technology for the space industry, and adoption of new materials to manufacture space products.

The space industry is continuously innovating and developing advanced technologies with the objective of enhancing space capabilities. Hence, the industry is developing enhanced satellite systems as well as technologically advanced components that will enhance the performance of the satellites.

The advanced space composites market research study offers a broad perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

The several space programs and advancements in space research have been the primary focus of many developed and developing countries. The space activities provide the country with a broad scope of beneficial applications, which includes citizen development, mass communication, agriculture, economy, defense, scientific and medical research.

When the Apollo capsule was developed, the composites industry was still in its early stages, and the materials were not yet used widely in the space industry. The Apollo capsule used early composite technology in the form of an ablative heat shield made from Avcoat, an epoxy novolac resin with silica fibers in a fiberglass-phenolic honeycomb matrix. A fiberglass honeycomb was bonded to the primary structure, and the paste-like material was injected into each cell individually. Since the development of Apollo, advanced composites have progressed and have played a significant role in space programs with use in launch vehicles, the space shuttle, satellites, space telescopes, and the International Space Station.

Liquid resin infusion has been used in composites manufacturing for decades. It is being used to produce large aerostructures and is a serious contender for the high-rate manufacturing of single-aisle commercial aircraft. Compression molding has also been used in the past and is one of the enabling technologies for high-volume autocomposites manufacturing. The technological advancement in the composites industry for creating the next generation of materials and processes does not depend on developing new materials but adapting proven technologies to serve highly dynamic and demanding applications.

Currently, the space sector has entered into a new phase wherein space exploration and on-orbit capabilities are the major focus.

The primary sources involve the industry experts from the space industry, including satellites, launch vehicle providers. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

 validation and triangulation of all the numbers and graphs

 validation of reports segmentation and key qualitative findings

 understanding the competitive landscape

 current and proposed production values of a particular product by market players

 validation of the numbers of various markets for market type

This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as NASA’s Programs, Institute of Defense Analysis (IDA), UK Space Agency, UCS Satellite Database, ITU database, Space News, Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as www.weforum.org and www.govt.uk.

Secondary research was done in order to obtain crucial information about the industry’s supply chain, revenue models, market’s monetary chain, total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

 segmentations and percentage shares

 data for market value

 key industry trends of the top players of the market

 qualitative insights into various aspects of the market, key trends, and emerging areas of innovation

 quantitative data for mathematical and statistical calculationsX

 percentage split of individual markets for geographical analysis

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