Global Aviation Carbon Fiber Market Size 2024, Forecast To 2033

The aviation carbon fiber market size has grown strongly in recent years. It will grow from $2.47 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to aircraft lightweighting initiatives, increasing demand for fuel-efficient aircraft, stringent emission standards, expansion of the commercial aircraft fleet, preference for high-performance materials. The aviation carbon fiber market size is expected to see strong growth in the next few years. It will grow to $3.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to rapid growth in electric and hybrid aircraft, increasing emphasis on sustainable aviation, integration of composite materials in aircraft design, urban air mobility (UAM) and advanced aerial vehicles, global efforts to reduce carbon footprint. Major trends in the forecast period include increased use in aircraft components, rising demand for lightweight aircraft, advancements in manufacturing technologies, focus on fuel efficiency and emissions reduction, expansion of electric and hybrid aircraft.