Regional Analysis

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia & New Zealand , South Korea, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East and Africa
Africa: South Africa, and Rest of Africa

North America held dominant position in the global automated fiber placements and automated tape laying (AFP- ATL) machines market in 2020

Statistics:

North America held dominant position in the global automated fiber placements and automated tape laying (AFP- ATL) machines market in 2020, accounting for 32.3% share in terms of value, followed by Europe and Asia Pacific.

Figure 1: Global Automated Fiber Placements and Automated Tape Laying (AFP- ATL) Machines Market Share (%), By Region, 2020

North America is expected to account for the largest market share during the forecast period. This is owing to rapidly growing aviation and space exploration sector in the U.S. Space exploration companies and government organizations such as The Boeing Company, The National Aeronautics and Space Administration (commonly known as NASA), and others are heavily investing in research and development for automated fiber placements and automated tape laying (AFP-ATL) machines, which will help them to reduce end-product cost drastically. Furthermore, according to a report published in August 2015, NASA is using composite material for its future space vehicles, which is developed in the composites Technology Center at NASA’s Marshall Space Flight Center in Huntsville, Alabama. According to NASA, the newly developed composite structure is made using fiber placements and automated tape laying (AFP-ATL) machines which offers higher strength and reduced overall production cost. Thus, the increasing demand by space exploration companies for composite materials will positively impact the North America Automated fiber placements and automated tape laying (AFP-ATL) machines market during the forecast period.

Automated Fiber Placements And Automated Tape Laying Machines Market Report Snapshots