Global Aerospace and Defense Materials Market, By Material Type (Composites, Aluminum, Titanium, Plastics, Super Alloys, Steel, Others), Usage (Aircraft Structural Frames, Aerostructure, Components, Propulsion Systems, Cabin Interiors, Satellite, Construction and Insulation Components, Others), End User (Commercial, Business and General Aviation, Military, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Aerospace and defense materials market size is valued at USD 30.52 billion by 2028 and is expected to grow at a rate of 4.10% for the forecast period of 2021 to 2028. Data Bridge Market Research report on aerospace and defense materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The extensive use of aerospace and defense materials can be attributed to meeting cost and environmental requirements for lightweight aircraft, along with maintenance requirements for structural integrity. The main factor accountable for the growth of aerospace and defense materials market is the rising investment in modernization along with growth of combat aircraft fleet in countries over the forecast period of 2021 to 2028. Moreover, the continuous advancement in aircraft materials, high demand for reducing weight for increasing fuel efficiency, increasing funds in defense sector for aircrafts, rising numbers of commercial aircrafts, along with the huge surge in passenger and freight traffic are acting as major growth drivers for the aerospace and defense materials market. The growing number of commercial and cargo fleets around the globe is also helping the market to grow.
On the other hand, the chief manufacturers are increasingly adopting various advance materials such as carbon fiber composites and titanium alloys. These materials play a significant role in reducing the overall weight and increasing fuel efficiency of an aircraft thus is highly supporting the growth of the target market. Furthermore, rapid development and application of advanced materials which will further offer a variety of growth opportunities for the aerospace and defense materials market.
One of the major obstructions to the growth of the aerospace and defense materials market is the changing preference for composite materials and complex requirement due to less material options, whereas the less expenditure in defense sector in developed economies will challenge the growth of the market over the forecast period of 2021 to 2028.
This aerospace and defense materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aerospace and defense materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aerospace and Defense Materials Market Scope and Market Size
Aerospace and defense materials market is segmented on the basis of material type, usage and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the aerospace and defense materials market is segmented into composites, aluminum, titanium, plastics, super alloys, steel and others.
- The usage segment for aerospace and defense materials market is segmented into aircraft structural frames, aerostructure, components, propulsion systems, cabin interiors, satellite, construction and insulation components and others.
- On the basis of end user, the aerospace and defense materials market is segmented into commercial, business and general aviation, military and others.
Aerospace and Defense Materials Market Country Level Analysis
Aerospace and defense materials market is analyzed and market size, volume information is provided by country, material type, usage and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the aerospace and defense materials market owing to the high air travel frequency, cheaper air travel rates, considerable R&D investments and the strong presence of key aerospace companies in this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028. Airbus and Dassault Aviation are the two main aircraft firm based in France which drives the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerospace and Defense Materials Market Share Analysis
Aerospace and defense materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerospace and defense materials market.
The major players covered in the aerospace and defense materials market report are Toray Composite America, Inc., SABIC, KOBE STEEL LTD., Solvay, Hexcel Corporation, Tata Advanced Systems Limited, Sofitec, Constellium, Lee Aerospace, Materion Corporation, PARK AEROSPACE CORP, Renegade Materials Corporation, Teijin Aramid B.V., Alcoa Corporation, Huntsman International LLC, Arconic, Hindalco - Almex Aerospace Limited, DOW, Air Transport International, Inc., and DowDuPont, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aerospace and Defense Materials Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.