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.

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Advanced composites offer cost-effectiveness, ease of process ability, high strength to weight ratio, multi-functionality, and diverse properties in terms of thermal insulation and ablation. High modulus carbon fiber reinforced laminates are one of the majorly used for many composite spacecraft applications. In human crew capsules, composite panels are used to provide for the thermal protection system (TPS) required for vehicle re-entry. The temperature capability and low thermal expansion offer additional benefits by reducing the amount of TPS material required, which reduces the weight of the vehicle. Carbon fiber laminates are widely used on satellites and payload support structures. For instance, satellite bus structures are made using aluminum honeycomb sandwich panels with either carbon fiber or aluminum facesheets. Also, high-modulus, high-thermal conductivity carbon fiber laminates with low moisture absorption resins, typically cyanate ester, are always used for manufacturing optical benches and other spacecraft structures, which must sustain dimensional stability for accuracy. These advanced composites help in maintaining extreme dimensional stability over extreme temperature when the spacecraft is in space. Apart from this, RF reflectors and solar array substrates also use high-modulus carbon fiber laminates in order to achieve stiffness and dimensional stability.

Satellite Platform Segment to Witness Fastest Growth in Global Advanced Space Composites Market

With the rise in satellite launches in the past few years and expected small satellite mega constellation in the next decade, it is anticipated that the satellite platform will register the highest growth during the forecast period (2021–2031).

Structure Component Segment to Dominate the Global Advanced Space Composites Market

The commercial end users are continuously working on developing efficient and cost-effective satellites as well as developing reusable launch vehicles. The structure component segment is expected to dominate the market during the forecast period from 2021 to 2031. The factor contributing to this growth is the increased focus of the space companies to develop reusable launch vehicles as well as small launch vehicles (SLVs).

North America to Dominate the Global Advanced Space Composites Market

North America is expected to dominate the global advanced space composites market during the forecast period. The factor attributing to the growth of this region is the presence of the key companies highly engaged in developing and engaged in providing advanced materials for space applications. Additionally, the continuous technology advancement by key players in the satellite industry is another factor contributing to the growth of the market. Apart from this, the region’s companies are in long term relationships with space agencies and are engaged in programs that will propel the space sector in the region.

Competitive Landscape

The competitive landscape of the advanced space composites market consists of different strategies undertaken by major players across the industry to gain market presence. Some of the strategies adopted by advanced space composite providers are contracts, agreements, new product launches, business expansions, partnerships, and collaborations. Among all the strategies adopted, contracts, agreements, partnerships, and collaborations have been the most prominent strategy adopted by the players in the advanced space composites market.

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Most of the advanced space composites solution providers have numerous tie-ups with various national space agencies and commercial space players. Innovation and development have been the key factors for large-scale growth in this market. To increase their overall global footprint, the advanced space composites providers are expanding their businesses and are also entering into strategic partnerships to increase their customer base.
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