Automated fiber placement and tape laying machines have allowed for exponentially increased efficiency and precision in composite part manufacturing compared to traditional hand layup methods. These automated machines utilize computer-controlled fiber placement heads or tape laying heads to accurately deposit composite tapes or fibers onto molds, dramatically reducing labor costs and production cycle times for composite parts. The machines can place fibers and tapes at programmable widths, angles, and orientations to precisely build up layers into complex, net-shape composite components. Automated placement also eliminates inconsistencies from hand layup. Leading industries like aerospace, transportation, and wind energy have widely adopted these automated composite manufacturing solutions to produce large volumes of high-quality composite structures in less time at lower costs compared to hand layup.
The global Automated Fiber Placements And Automated Tape Laying Machines Market is estimated to be valued at US$ 981.6 million in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving growth in the automated fiber placement and tape laying machines market is the strong demand from the aerospace industry. Aerospace remains the largest end user of advanced composites due to their lightweight and high-strength properties that improve fuel efficiency. Automated fiber placement and tape laying allows aircraft manufacturers to produce larger, more complex composite structures quickly and affordably which is accelerating the use of composites on both commercial and military aircraft. Another key trend is the development of new six-axis machines. Traditional AFP/ATL machines have had limited ability to place fibers and tapes around complex bends and curves, restricting their use to mainly flat panels. Newer six-axis machines with increased degrees of freedom of movement for the placement heads are helping address this limitation and further broaden applications of AFP/ATL in producing complex net-shape composite parts.
Porter’s Analysis
Threat of new entrants: New entrants face high threat due to large capital requirement, technical expertise and presence of established brands.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and competitive pricing of products.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power considering presence of many suppliers.
Threat of new substitutes: Threat of substitutes is low as automated fiber placement machines provide unique advantages over manual labor.
Competitive rivalry: Market consists of major global players operating worldwide.
Key Takeaways
The Global Automated Fiber Placements And Automated Tape Laying Machines Market Growth is expected to witness high. The global Automated Fiber Placements And Automated Tape Laying Machines Market is estimated to be valued at US$ 981.6 million in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Regional analysis comprises growing demand for composites in aerospace industry is driving the market in North America. The APAC region is expected to grow at the fastest pace due to increasing adoption of automated machines in manufacturing industry.
Key players operating in the Automated Fiber Placements And Automated Tape Laying Machines Market are MAG, Electroimpact Inc., Accudyne System, Inc., and Coriolis Group. Automated tape laying machines are used for manufacturing of large composite structures like aircraft wings, blades etc. whereas automated fiber placement machines are used for laying tapes and fibers on complex contours. The increasing demand for composites from aerospace industry is fueling the growth of automated fiber placement and automated tape laying machines market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
