n-tech Research Report Predicts Revenues from Smart Structures in the Aerospace Industry to Reach $2.1 billion by 2021

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Feb 17, 2016, 12:38 ET

GLEN ALLEN, Va., Feb. 17, 2016 /PRNewswire/ -- Industry analyst firm n-tech Research today announced the release of a new report titled "Smart Structures in Aerospace: Market Opportunities – 2016 to 2025." According to the report the market for smart structures in the aerospace industry will exceed $2.1 billion by 2021.

Details about the report, including a downloadable excerpt are available at: http://ntechresearch.com/market_reports/smart-structures-in-aerospace-market-opportunities-2016-20251

A related report titled, "Smart Structures in the Construction Industry: A Market and Technology Forecast – 2016 to 2025" is also available from the firm. Details available at: http://ntechresearch.com/market_reports/smart-structures-in-the-construction-industry-a-market-and-technology-forec

About the report:

This report identifies where the opportunities are for smart structures in civil and general aviation, military aircraft, helicopters, unmanned aerial vehicles (UAVs) and spacecraft. It covers the business potential for smart aerospace structures, structural health monitoring (SHM) systems and smart aircraft skins, and for the smart materials from which these systems are fabricated. Smart structures play a growing role in the aerospace industry in four different areas: monitoring of composites and other complex surfaces, suppression of structural vibration, noise suppression, and surface morphing. The report also discusses the use of photovoltaics in aircraft of various types.

The report profiles both R&D and commercialization projects for smart aerospace structures, including those sponsored by governmental agencies such as the EU, DARPA and NASA and those run by the major aerospace companies. The report also discusses how smart structures are enabling the aerospace industry to move away from manual monitoring and repair procedures and the ways that firms in the smart structure space are overcoming the reluctance of the aerospace industry to abandon manual processes for equipment maintenance.

This report includes granular ten-year forecasts for both smart aerospace structures and the smart materials and components that go into them, with breakouts by applications, technology and type of aircraft. In addition, we discuss key companies in the aerospace smart structures space with analysis of their product/market strategies. This report is a worldwide study.

From the Report:

In the civil aviation sector smart structures are expected to be used increasingly to provide comfort and safety in both executive jets and the latest generations of airliners, especially supersonic aircraft. Noise and vibration control systems using smart structures will be of growing importance in business jets and future supersonic airliners; expanding the market for these systems which has traditionally been confined to helicopters. By 2021 we expect revenue generation by systems based on smart structures sold to the civil aviation sector to reach around $950 million.

By 2021, expenditures on military grade systems using smart structures are expected to reach around $150 million. One major opportunity here will be using smart structures to provide realtime SHM for the latest aerospace composites. Another area with long-term potential is to use smart structures for surface morphing – allowing dynamic restructuring of the wing surface to improve the efficiency of the aircraft.

Growth in the aerospace industry will also provide new opportunities for selling smart materials and sensors for smart structures applications. These sales are expected to generate well over $300 million in sales by 2021. Here the greatest long-term potential will be found shape memory alloys and polymers, piezoelectric and piezomagnetic materials, self-healing surfaces and optical sensors.

About n-tech:

n-tech Research is the rebrand of NanoMarkets. Our firm is a recognized leader in industry analysis and forecasts of smart materials and related areas.

Visit http://www.ntechresearch.com for a full listing of the firm's reports and other services.

SOURCE n-tech Research