Investment Rating - The report maintains a "Positive" investment rating for the aerospace and defense industry [11]. Core Insights - The next generation of aerospace engines is reaching the thermal limits of metal materials, while ceramic matrix composites (CMCs) offer excellent high-temperature performance and lightweight advantages, indicating significant application potential [2][5]. - The market for CMCs in China's military and civilian aerospace engines is projected to exceed 10 billion yuan annually over the next decade, driven by deep integration of production and research [2][7]. - The global CMC market is expected to maintain a compound annual growth rate (CAGR) of 10% over the next ten years, with the aerospace and defense sector accounting for approximately 39.6% of the market [7][28]. Summary by Sections CMC Overview - CMCs are identified as a new structural material for advanced aerospace engine hot-end components, with a working temperature of up to 1650°C, significantly higher than that of metal alloys [5][28]. - The main types of CMCs currently applied in aerospace engines include silicon carbide fiber-reinforced silicon carbide composites (SiC/SiC) and oxide fiber-reinforced oxide composites (Ox/Ox) [36][41]. International Landscape - The CMC industry in Europe and the U.S. is well-established, with significant investments and advancements in production capabilities, including the successful application of CMCs in various engine components [6][59]. - Companies like GE and Pratt & Whitney have made substantial progress in integrating CMCs into their engine designs, enhancing performance metrics such as thrust-to-weight ratio and fuel efficiency [6][59]. Domestic Development - China's CMC industry is in its early stages, with a focus on integrating research and production, exemplified by partnerships between companies like Huayin Technology and research institutions [8][21]. - Key domestic players include Huayin Technology, Torch Electronics, and AVIC High-Tech, which are actively developing CMC technologies and applications [12][21]. Market Potential - The report estimates that the CMC market in China could exceed 10 billion yuan annually, with significant demand driven by military and civilian aerospace applications [7][28]. - The demand for CMCs is expected to be further propelled by advancements in gas turbine technology, with projected cumulative demand exceeding 68 billion yuan from 2024 to 2027 [7][28].

我国航空发动机热端部件材料研究取得重大突破 环球网 来源：光明网 光明网8月1日讯日前，我国航空航天新材料领域再传捷报，湖南博翔新材料有限公司承担的中国航发商 用航空发动机有限责任公司"原位改性连续碳化硅纤维高温性能研究"项目顺利通过专家组验收。 航空发动机被誉为"制造业皇冠"，其核心涡轮叶片更被称为"皇冠上的明珠"，此次突破标志着我国在该 领域实现自主可控。 经评定，湖南博翔控股子公司——湖南泽睿新材料有限公司开发的新材料 Zelramic-iBN 碳化硅纤维完 全满足 NITE 工艺制备航空发动机复合材料的极端性能需求，对推动新型航空发动机复合材料在极端服 役环境下的应用具有里程碑意义。 专家指出，Zelramic-iBN 碳化硅纤维不仅可应用于民用大飞机发动机高温部件，还可广泛服务于航空航 天、燃气轮机、高超音速飞行器热防护系统及光伏热场材料等高温领域，具备重大推广价值。 相较上一代 Zelramic 纤维，Zelramic-iBN 的耐高温与抗蠕变性能显著提升，尤其将极端工况下的长时服 役温度推向新高，全面匹配新型航空发动机和燃气轮机热端涡轮叶片的严苛指标。 Zelramic 纤维（左）与 Zelra ...